Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 590.17 | +0.0883 | pay 0.0883% / 8h | 3h 58m | $5.3M | $2.3M | 50x | Long Variational Omni+15% pts | |
| SHORT | 591.10 | +0.0544 | get 0.0068% / 1h | 58m 31s | $67K | $221K | 10x | Short Lighter RH+10% pts |
Price gap+0.157%
Funding gap−0.0339% /8h
The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $10 a day and eats that in about 8 hours. At the last 7 days' pace that is about 38 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$15−0.0339% /8h now · paid −0.145% over the last 7D
Price+$3spread +0.157% now, avg +0.124% → +0.033% if it goes back
Costs−$300.295% of $10k · taker + slippage, in and out
Result−$41−0.41%+ Points / potential airdropVariational Omni: points · Lighter RH: Points live · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.145% in total, about −0.0069%/8h on average.
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+0.157%
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: Large against open interest6.9 / 6.1 bp$10k is over 10% of Lighter RH’s open interest.
- Note: Margin at max leverage$200 + $1,000Variational Omni 50x, Lighter RH 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$10.18Long Variational Omni: 3 payments, −$26.50; short Lighter RH: 24 payments, +$16.32.
- OK: Entry gap works for you+0.157% vs +0.124%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$67K vs $5.3M OILighter RH sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni points · Lighter RH Points liveVolume here counts toward the points program.
- OK: No KYC on either legVariational Omni No · Lighter RH NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0069%/8h × 21 periods−$14.52
Price spread+0.157% → +0.124% (7d avg)+$3.26
Slippage, 4 orderslive order books−$29.50
Fee Variational Omni bp × 2 orders$0.00
Fee Lighter RH bp × 2 orders$0.00
Net · 7 days · $10k−$40.77
Costs to cover0.295%Break-evennever at this rate
Slippage: Variational Omni: RFQ quote, 4 min ago; Lighter RH: live order book, 63 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni3.226.9 bp−$79.9 bp−$99doesn’t fitdoesn’t fit
SELL · SHORTLighter RH4.946.1 bp−$615.0 bp−$150doesn’t fitdoesn’t fit
Closing costs about the same again.
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