Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5286 | +0.0560 | pay 0.0070% / 1h | 32m 12s | $7.7M | $6.2M | 10x | Long Lighter7d free | |
| SHORT | 0.5278 | +0.0096 | get 0.0012% / 1h | 32m 12s | $92K | $503K | 20x | Short Popdex |
Price gap−0.151%
Funding gap−0.0464% /8h
Funding costs $14 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$50−0.0464% /8h now · paid −0.497% over the last 7D
Price−$2spread −0.151% now, avg −0.132% → −0.020% if it goes back
Costs−$460.456% of $10k · taker + slippage, in and out
Result−$97−0.97%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / ExitPopdex: thin, under $1M open interest
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−0.151%
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
/8hWLD on 39 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Watch: Thin at this size3.9 / 15.8 bpAt $10k entering Popdex costs 15.8 bp, fee and slippage, 4.1× Lighter’s.
- Note: Margin at max leverage$1,000 + $500Lighter 10x, Popdex 20x. 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: −$13.92Long Lighter: 24 payments, −$16.80; short Popdex: 24 payments, +$2.88.
- Note: Gap at its usual level−0.151% vs −0.132%The price leg adds little either way.
- Watch: Short leg is thinner$92K vs $7.7M OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- OK: No KYC on either legLighter No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0259%/8h × 21 periods−$54.39
Price spread−0.151% → −0.132% (7d avg)−$1.98
Slippage, 4 orderslive order books−$39.25
Fee Lighter bp × 2 orders$0.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$102.02
Costs to cover0.456%Break-evennever at this rate
Slippage: Lighter: live order book, 6 min ago; Popdex: live order book, 61 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter1.703.9 bp−$48.6 bp−$8692.4 bp−$9,235doesn’t fit
SELL · SHORTPopdex5.4915.8 bp−$16102.4 bp−$1,024doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya