Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 60.346 | +0.0528 | pay 0.0066% / 1h | 30m 13s | $1.0M | $990K | 20x | Long Lighter7d free | |
| SHORT | 60.320 | +0.0048 | get 0.0006% / 1h | 30m 13s | $365K | $125K | 20x | Short Popdex |
Price gap−0.043%
Funding gap−0.0480% /8h
Both sides work against this direction now: funding costs $14 a day on $10k and the gap is 0.035% 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−$28−0.0480% /8h now · paid −0.283% over the last 7D
Price−$4spread −0.043% now, avg −0.008% → −0.035% if it goes back
Costs−$150.152% of $10k · taker + slippage, in and out
Result−$47−0.47%+ Points / potential airdropLighter: Season 3 · 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 −0.283% in total, about −0.0147%/8h on average.
Price and funding
1h · historyEntry / ExitPopdex: thin, under $1M open interest
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−0.043%
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
/8hDRAM on 35 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- OK: Fits both order books1.1 / 6.0 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $500Lighter 20x, Popdex 20x. 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: −$14.40Long Lighter: 24 payments, −$15.84; short Popdex: 24 payments, +$1.44.
- Watch: Gap narrower than usual−0.043% vs −0.008%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$365K vs $1.0M OIPopdex 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 · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0147%/8h × 21 periods−$30.96
Price spread−0.043% → −0.008% (7d avg)−$3.50
Slippage, 4 orderslive order books−$8.82
Fee Lighter bp × 2 orders$0.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$49.69
Costs to cover0.152%Break-evennever at this rate
Slippage: Lighter: live order book, 5 min ago; Popdex: live order book, 62 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter0.831.1 bp−$12.8 bp−$2869.7 bp−$6,972doesn’t fit
SELL · SHORTPopdex1.666.0 bp−$69.2 bp−$92doesn’t fitdoesn’t fit
Closing costs about the same again.
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