Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1772 | −0.0047 | get 0.0006% / 1h | 24m 47s | $304K | $54K | 25x | Long TxFlow5% off | |
| SHORT | 0.1778 | +0.0096 | get 0.0012% / 1h | 24m 47s | $89K | $136K | 10x | Short Lighter7d free |
Price gap+0.327%
Funding gap+0.0143% /8h
Both sides work: funding pays +$4 a day on $10k, and the gap is 0.127% above its 7d average: +$13 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$56+0.0143% /8h now · paid +0.556% over the last 7D
Price+$13spread +0.327% now, avg +0.200% → +0.127% if it goes back
Costs−$400.398% of $10k · taker + slippage, in and out
Result+$28+0.28%+ Points / potential airdropTxFlow: points · Lighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.327%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hWIF on 33 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- Watch: Large against open interest11.8 / 13.2 bp$10k is over 10% of Lighter’s open interest.
- Note: Margin at max leverage$400 + $1,000TxFlow 25x, Lighter 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$4.30Long TxFlow: 24 payments, +$1.42; short Lighter: 24 payments, +$2.88.
- OK: Entry gap works for you+0.327% vs +0.200%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$89K vs $304K OILighter sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow points · Lighter Season 3Volume here counts toward the points program.
- OK: No KYC on either legTxFlow No · Lighter NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0265%/8h × 21 periods+$55.60
Price spread+0.327% → +0.200% (7d avg)+$12.73
Slippage, 4 orderslive order books−$30.84
Fee TxFlow bp × 2 orders−$9.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k+$28.49
Costs to cover0.398%Break-even3.4 days
Slippage: TxFlow: live order book, 37 min ago; Lighter: live order book, 21 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow2.8011.8 bp−$1222.8 bp−$22898.4 bp−$9,836doesn’t fit
SELL · SHORTLighter7.5713.2 bp−$1354.7 bp−$547doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-23 12:07 | Phemex | Listing | 🚀 New listing: $WIF Perps (@dogwifcoin) $WIF/USDT futures are now live on Phemex with up to 20x leverage. 🔗 Trade here: @Phemex_official on X ↗ |
| 09-23 09:31 | Phemex | Listing | new market WIFUSDT ($WIF) seen by our collector |
| 09-22 07:03 | ApeX Omni | Other | 59 up, 26 down on the ApeX board, median name +2.5%. Memecoins swept it: ethereum:0x6982508145454ce325ddbe47a25d4ec3d2311933 +25.9%, $BONK +20.5%, $WIF +20.1%, with $TAO +18.2%. $AR -15.0% is the only real casualty. This is what a short squeeze looks like on day two. @OfficialApeXdex on X ↗ |

Phemex
ApeX Omni