Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,217.5 | +0.0040 | pay 0.0005% / 1h | 38m 54s | $14.0M | $31.5M | 20x | Long Lighter7d free | |
| SHORT | 1,217.1 | −0.0064 | pay 0.0008% / 1h | 38m 54s | $2.0M | $753K | — | Short AZverse |
Price gap−0.029%
Funding gap−0.0104% /8h
Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.025% 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−$1−0.0104% /8h now · paid −0.009% over the last 16 hours (all we have)
Price−$3spread −0.029% now, avg −0.003% → −0.025% if it goes back
Costsno datano order book for AZverse
Result, before costs−$3−0.03%+ Points / potential airdropLighter: Season 3 · farm boardcosts unknown: no order book for AZverse · What 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−0.029%
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
/8hZEC on 51 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Note: Order book unknown—No order-book sample for AZverse: its slippage is not counted.
- Note: Margin at max leverage$500 + —Lighter 20x, AZverse —. 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: −$3.13Long Lighter: 24 payments, −$1.20; short AZverse: 24 payments, −$1.93.
- Watch: Gap narrower than usual−0.029% vs −0.003%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$2.0M vs $14.0M OIAZverse 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 · AZverse NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0045%/8h × 21 periods−$9.42
Price spread−0.029% → −0.003% (7d avg)−$2.52
Slippage, 4 ordersno data for AZverse—
Fee Lighter bp × 2 orders$0.00
Fee AZverse bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$23.94
Costs to cover0.120%Break-evennever at this rate
Slippage: Lighter: live order book, 6 min ago; AZverse: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGLighter0.541.4 bp−$11.8 bp−$186.5 bp−$64732.6 bp−$16.3K
SELL · SHORTAZverse—————
Closing costs about the same again.
AZverse: no data.
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