Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 320.74 | +0.0032 | pay 0.0004% / 1h | 53m 37s | $9.7M | $17.6M | 20x | Long Lighter7d free | |
| SHORT | 320.81 | +0.0050 | get 0.0006% / 1h | 53m 37s | $179K | $9K | 10x | Short Backpack |
Price gap+0.022%
Funding gap+0.0018% /8h
Funding trade: +$1 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$32+0.0018% /8h now · paid +0.322% over the last 7D
Price+$1spread +0.022% now, avg +0.008% → +0.014% if it goes back
Costs−$110.114% of $10k · taker + slippage, in and out
Result+$22+0.22%+ 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+0.022%
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
/8hGOOGL on 43 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- OK: Fits both order books0.2 / 5.6 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $1,000Lighter 20x, Backpack 10x. 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: +$0.54Long Lighter: 24 payments, −$0.96; short Backpack: 24 payments, +$1.50.
- Note: Gap at its usual level+0.022% vs +0.008%The price leg adds little either way.
- Watch: Short leg is thinner$179K vs $9.7M OIBackpack sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- Watch: KYCLighter No · Backpack YesKYC (ID, face scan, residency and source of income) before any trading.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0153%/8h × 21 periods+$32.19
Price spread+0.022% → +0.008% (7d avg)+$1.42
Slippage, 4 orderslive order books−$1.37
Fee Lighter bp × 2 orders$0.00
Fee Backpack bp × 2 orders−$10.00
Net · 7 days · $10k+$22.24
Costs to cover0.114%Break-even2.2 days
Slippage: Lighter: live order book, 6 min ago; Backpack: live order book, 35 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter0.160.2 bp$00.7 bp−$759.8 bp−$5,978doesn’t fit
SELL · SHORTBackpack0.315.6 bp−$6doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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