Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,878.3 | 0 | 0.0000% / 1h | 43m 45s | $217K | $148K | 5x | Long Deribit | |
| SHORT | 1,938.4 | +0.0024 | get 0.0003% / 1h | 43m 45s | $2.3M | $3.3M | 5x | Short Lighter7d free |
Price gap+3.197%
Funding gap+0.0024% /8h
Funding pays +$1 a day on $10k, but the gap is 0.430% under its 7d average: −$43 if it goes back, about 60 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$1+0.0024% /8h now · paid −0.007% over the last 7D
Price−$43spread +3.197% now, avg +3.628% → −0.430% if it goes back
Costs−$370.366% of $10k · taker + slippage, in and out
Result−$80−0.80%+ Points / potential airdropLighter: Season 3 · 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+3.197%
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
/8hANTHROPIC on 26 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books12.9 / 3.1 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$2,000 + $2,000Deribit 5x, Lighter 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: +$0.72Long Deribit: 24 payments, $0.00; short Lighter: 24 payments, +$0.72.
- Watch: Gap narrower than usual+3.197% vs +3.628%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$217K vs $2.3M OIDeribit sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- Watch: KYCDeribit Yes · Lighter NoID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0003%/8h × 21 periods−$0.72
Price spread+3.197% → +3.628% (7d avg)−$43.03
Slippage, 4 orderslive order books−$29.63
Fee Deribit bp × 2 orders−$7.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$80.37
Costs to cover0.366%Break-evennever at this rate
Slippage: Deribit: live order book, 23 min ago; Lighter: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGDeribit0.0312.9 bp−$1343.8 bp−$438doesn’t fitdoesn’t fit
SELL · SHORTLighter0.773.1 bp−$348.3 bp−$483doesn’t fitdoesn’t fit
Closing costs about the same again.
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