Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 604.57 | +0.1784 | pay 0.0223% / 1h | 51m 03s | $63K | $452K | 10x | Long Lighter RH+10% pts | |
| SHORT | 602.16 | +0.0981 | get 0.0123% / 1h | 51m 03s | $174K | $134K | 5x | Short dYdX |
Price gap−0.398%
Funding gap−0.0804% /8h
Both sides work against this direction now: funding costs $24 a day on $10k and the gap is 0.205% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$200−0.0804% /8h now · paid +1.998% over the last 7D
Price−$21spread −0.398% now, avg −0.193% → −0.205% if it goes back
Costs−$1331.334% of $10k · taker + slippage, in and out
Result+$46+0.46%+ Points / potential airdropLighter RH: Points live · 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−0.398%
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
/8hXMR on 36 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size6.4 / 86.0 bpAt $10k entering dYdX costs 86.0 bp, fee and slippage, 13.5× Lighter RH’s.
- Note: Margin at max leverage$1,000 + $2,000Lighter RH 10x, dYdX 5x. 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: −$24.10Long Lighter RH: 24 payments, −$53.52; short dYdX: 24 payments, +$29.42.
- Watch: Gap narrower than usual−0.398% vs −0.193%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$63K vs $174K OILighter RH sets your exit cost. Check its book before closing.
- OK: Points on a legLighter RH Points liveVolume here counts toward the points program.
- OK: No KYC on either legLighter RH No · dYdX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.1037%/8h × 21 periods+$217.76
Price spread−0.398% → −0.193% (7d avg)−$20.51
Slippage, 4 orderslive order books−$123.45
Fee Lighter RH bp × 2 orders$0.00
Fee dYdX bp × 2 orders−$10.00
Net · 7 days · $10k+$63.79
Costs to cover1.334%Break-even4.9 days
Slippage: Lighter RH: live order book, 15 min ago; dYdX: live order book, 42 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter RH2.776.4 bp−$625.4 bp−$254doesn’t fitdoesn’t fit
SELL · SHORTdYdX14.1286.0 bp−$86109.3 bp−$1,093123.3 bp−$12.3K207.5 bp−$103.7K
Closing costs about the same again.
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