Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.6965 | +0.0078 | pay 0.0039% / 4h | 2h 10m | $1K | $207K | 10x | Long edgeX | |
| SHORT | 1.7036 | +0.0096 | get 0.0012% / 1h | 10m 21s | $6.9M | $545K | 5x | Short Lighter7d free |
Price gap+0.420%89s
Funding gap+0.0018% /8h
Both sides work: funding pays +$1 a day on $10k, and the gap is 0.170% above its 7d average: +$17 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$10+0.0018% /8h now · paid +0.104% over the last 7D
Price—spread +0.420%89s now · prices read too far apart to compare
Costs−$2132.132% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropedgeX: points · Lighter: Season 3 · farm boardneeds both prices read together
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+0.420%
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
/8hZRO on 30 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size97.6 / 11.1 bpAt $10k entering edgeX costs 97.6 bp, fee and slippage, 8.8× Lighter’s.
- Note: Margin at max leverage$1,000 + $2,000edgeX 10x, Lighter 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$0.54Long edgeX: 6 payments, −$2.34; short Lighter: 24 payments, +$2.88.
- Watch: Prices read 89 s apart+0.420% vs +0.250%Part of this gap may be the market moving.
- Watch: Long leg is thinner$1K vs $6.9M OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX points · Lighter Season 3Volume here counts toward the points program.
- OK: No KYC on either legedgeX No · Lighter NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0050%/8h × 21 periods+$10.42
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$204.23
Fee edgeX bp × 2 orders−$9.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$202.80
price spread not counted: prices read too far apartCosts to cover2.132%Break-even143.2 days
Slippage: edgeX: live order book, 33 min ago; Lighter: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX2.0697.6 bp−$98doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTLighter2.5211.1 bp−$1136.8 bp−$368408.7 bp−$40.9Kdoesn’t fit
Closing costs about the same again.
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