Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 119.49 | +0.0144 | pay 0.0018% / 1h | 58m 23s | $1.8M | $1.3M | 10x | Long Lighter7d free | |
| SHORT | 119.50 | +0.0048 | get 0.0006% / 1h | 58m 23s | $374K | $154K | 20x | Short Popdex |
Price gap+0.008%
Funding gap−0.0096% /8h
Funding costs $3 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$18−0.0096% /8h now · paid −0.183% over the last 7D
Price−$1spread +0.008% now, avg +0.016% → −0.008% if it goes back
Costs−$150.148% of $10k · taker + slippage, in and out
Result−$34−0.34%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest
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+0.008%
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
/8hINTC on 37 exchanges
lowest funding firstBefore you open
4 ok · 1 to watch- OK: Fits both order books1.3 / 6.1 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $500Lighter 10x, 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: −$2.88Long Lighter: 24 payments, −$4.32; short Popdex: 24 payments, +$1.44.
- Note: Gap at its usual level+0.008% vs +0.016%The price leg adds little either way.
- Watch: Short leg is thinner$374K vs $1.8M 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−0.0096%/8h × 21 periods−$20.08
Price spread+0.008% → +0.016% (7d avg)−$0.78
Slippage, 4 orderslive order books−$8.38
Fee Lighter bp × 2 orders$0.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$35.64
Costs to cover0.148%Break-evennever at this rate
Slippage: Lighter: live order book, 3 min ago; Popdex: live order book, 34 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter1.211.3 bp−$12.8 bp−$2826.1 bp−$2,608doesn’t fit
SELL · SHORTPopdex1.266.1 bp−$612.4 bp−$124doesn’t fitdoesn’t fit
Closing costs about the same again.
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