Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 609.97 | +0.0296 | pay 0.0037% / 1h | 7m 44s | $617K | $226K | 10x | Long Lighter7d free | |
| SHORT | 609.98 | 0 | 0.0000% / 8h | 7m 44s | $1.3M | $755K | 10x | Short Phemex |
Price gap+0.001%
Funding gap−0.0296% /8h
Both sides work against this direction now: funding costs $9 a day on $10k and the gap is 0.039% 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−$68−0.0296% /8h now · paid −0.680% over the last 7D
Price−$4spread +0.001% now, avg +0.040% → −0.039% if it goes back
Costs−$2322.323% of $10k · taker + slippage, in and out
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+0.001%
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
/8hLITE on 31 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size1.3 / 112.6 bpAt $10k entering Phemex costs 112.6 bp, fee and slippage, 90.0× Lighter’s.
- Note: Margin at max leverage$1,000 + $1,000Lighter 10x, Phemex 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$8.88Long Lighter: 24 payments, −$8.88; short Phemex: 3 payments, $0.00.
- Watch: Gap narrower than usual+0.001% vs +0.040%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$617K vs $1.3M OILighter 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 · Phemex YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0324%/8h × 21 periods−$68.01
Price spread+0.001% → +0.040% (7d avg)−$3.90
Slippage, 4 orderslive order books−$220.25
Fee Lighter bp × 2 orders$0.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$304.17
Costs to cover2.323%Break-evennever at this rate
Slippage: Lighter: live order book, 33 min ago; Phemex: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter1.251.3 bp−$164.3 bp−$643doesn’t fitdoesn’t fit
SELL · SHORTPhemex15.21112.6 bp−$113doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
LITE news
posts that mention LITE or Lumentum, from every exchange| 11-02 16:30 | Vest Markets | Other | $MRVL is down over 7% on today's session, alongside its $115B all-stock deal to buy Lumentum. Lumentum holders receive 4.5 Marvell shares each, for about 33% of the combined company, with closing expected in the first half of 2028. $MRVL also said preliminary fiscal Q3 revenue is in line with guidance, narrowing the range to plus or minus 2%. @VestExchange on X ↗ |
| 10-10 15:02 | Ondo Perps | Other | The most in-demand markets trade 24/7 as perpetuals, weekends included: ▸ Intel ▸ XRP ▸ Gold ▸ AMD ▸ Meta ▸ Tesla ▸ Ondo ▸ Silver ▸ Circle ▸ Apple ▸ Zcash ▸ Netflix ▸ CXMT ▸ TSMC ▸ PURR ▸ DRAM ▸ Oracle ▸ Micron ▸ Bitcoin ▸ US100 ▸ US500 ▸ Nebius ▸ Solana ▸ Ethena ▸ Marvell ▸ Unitree ▸ Copper ▸ NVIDIA ▸ BitMine ▸ Alibaba ▸ Palantir ▸ Corning ▸ SpaceX ▸ Sandisk ▸ Amazon ▸ Zhipu AI ▸ MiniMax ▸ Strategy ▸ SK hynix ▸ Moderna ▸ Alphabet ▸ Microsoft ▸ Semis 3x ▸ Cerebras ▸ USD/JPY ▸ Samsung ▸ Coinbase ▸ Take-Two ▸ Ethereum ▸ Broadcom ▸ Lumentum ▸ BlackBerry ▸ Robinhood ▸ Hyperliquid ▸ CoreWeave ▸ Natural Gas ▸ Arm Holdings ▸ S&P 500 ETF ▸ WTI Crude Oil ▸ Brent Crude Oil ▸ South Korea 3x ▸ Nasdaq 100 ETF ▸ South Korea ETF ▸ Uranium Miners ETF Alongside always-on spot markets: ▸ Tesla ▸ Circle ▸ DRAM ▸ Micron ▸ NVIDIA ▸ SpaceX ▸ Sandisk ▸ Alphabet ▸ Gold ETF ▸ OPAIPon ▸ Silver ETF ▸ S&P 500 ETF ▸ Nasdaq 100 ETF All on a single platform. @OndoPerps on X ↗ |
| 10-01 15:30 | Vest Markets | Other | Optical and foundry names are leading the tape, with $LITE up around 10% and $TSEM around 8%. $TSEM joined the PHLX Semiconductor Sector Index, while Bernstein started $LITE at Outperform with a $1,220 target. $LITE revenue more than doubled to $1.01B. Equipment names are also higher, with $AMAT up around 3%, $GLW around 3% and $CRDO around 5%. @VestExchange on X ↗ |
| 09-18 17:43 | Avantis | Other | AI infra. $ARM — AGI CPU upside, or competing with the licensees who pay the royalties? $DELL — AI server winner, or custom racks eating the margin? $WDC — pricing power that's structurally re-rated, or peak-cycle earnings on a multiple that assumes it never breaks? $LITE — OCS and in-rack optics expanding the TAM, or a supply-constrained component vendor with three customers? $NBIS — Meta-scale neocloud winner, or thin-margin GPU landlord? $IREN — miner→AI cloud with real MW, or leveraged GPU financing? $BE — fuel cells unlocking AI power, or a multiple that needs a broken grid? @verantaxyz on X ↗ |
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| 09-16 15:02 | Deribit | Listing | 🚨 More To Trade. Tomorrow, September 17, 2026, at 10:00 AM UTC, 11 more equity perpetual markets and 4 commodity perpetuals will go live on Deribit. All settled in USDC. Equities LITE · SKHY · SOXL · CBRS · SNDK · ARM · BE · NBIS · EWY · MU · DRAM Commodities GOLD · SILVER · BRENTOIL · WTIOIL This launch is part of Deribit’s biggest-ever product expansion: more than 90 new USDC-settled perpetuals across crypto, listed equities and ETFs, commodities, the COIN50 index and private-market valuations. Read more: Disclaimer: Equity & Commodity perpetuals are offered by Deribit FZE under its Limited Licence Approval from VARA, and are subject to the conditions, client eligibility criteria and restrictions of that approval. @DeribitOfficial on X ↗ |


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