Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 592.12 | +0.0632 | pay 0.0079% / 1h | 6m 09s | $67K | $221K | 10x | Long Lighter RH+10% pts | |
| SHORT | 589.58 | +0.0815 | get 0.0815% / 8h | 3h 06m | $5.3M | $2.3M | 50x | Short Variational Omni+15% pts |
Price gap−0.429%
Funding gap+0.0183% /8h
Funding pays +$5 a day on $10k, but the gap is 0.305% under its 7d average: −$30 if it goes back, about 5.6 days of funding. At the last 7 days' pace that is about 16 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$14+0.0183% /8h now · paid +0.137% over the last 7D
Price−$30spread −0.429% now, avg −0.124% → −0.305% if it goes back
Costs−$240.245% of $10k · taker + slippage, in and out
Result−$41−0.41%+ Points / potential airdropLighter RH: Points live · Variational Omni: points · 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−0.429%
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
2 ok · 4 to watch- Watch: Large against open interest5.3 / 8.9 bp$10k is over 10% of Lighter RH’s open interest.
- Note: Margin at max leverage$1,000 + $200Lighter RH 10x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$5.49Long Lighter RH: 24 payments, −$18.96; short Variational Omni: 3 payments, +$24.45.
- Watch: Gap narrower than usual−0.429% vs −0.124%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$67K vs $5.3M OILighter RH sets your exit cost. Check its book before closing.
- OK: Points on a legLighter RH Points live · Variational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legLighter RH No · Variational Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0065%/8h × 21 periods+$13.68
Price spread−0.429% → −0.124% (7d avg)−$30.49
Slippage, 4 orderslive order books−$24.46
Fee Lighter RH bp × 2 orders$0.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$41.27
Costs to cover0.245%Break-even28.1 days
Slippage: Lighter RH: live order book, 50 min ago; Variational Omni: RFQ quote, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter RH4.045.3 bp−$522.9 bp−$229doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni2.888.9 bp−$913.7 bp−$137doesn’t fitdoesn’t fit
Closing costs about the same again.
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