Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 881.74 | −0.0592 | get 0.0074% / 1h | 39m 29s | $1.6M | $3.6M | 20x | Long Lighter7d free | |
| SHORT | 881.36 | +0.0050 | get 0.0006% / 1h | 39m 29s | $255K | $207K | 10x | Short Backpack |
Price gap−0.043%
Funding gap+0.0642% /8h
Funding pays +$19 a day on $10k, but the gap is 0.064% under its 7d average: −$6 if it goes back, about 8 hours of funding. At the last 7 days' pace that is about 31 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$35+0.0642% /8h now · paid +0.350% over the last 7D
Price−$6spread −0.043% now, avg +0.021% → −0.064% if it goes back
Costs−$120.118% of $10k · taker + slippage, in and out
Result+$17+0.17%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.350% in total, about +0.0167%/8h on average.
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−0.043%
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
/8hMU on 46 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books0.6 / 5.3 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: +$19.26Long Lighter: 24 payments, +$17.76; short Backpack: 24 payments, +$1.50.
- Watch: Gap narrower than usual−0.043% vs +0.021%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$255K vs $1.6M 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+0.0167%/8h × 21 periods+$34.99
Price spread−0.043% → +0.021% (7d avg)−$6.41
Slippage, 4 orderslive order books−$1.79
Fee Lighter bp × 2 orders$0.00
Fee Backpack bp × 2 orders−$10.00
Net · 7 days · $10k+$16.79
Costs to cover0.118%Break-even3.6 days
Slippage: Lighter: live order book, 4 min ago; Backpack: live order book, 55 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter0.450.6 bp−$10.6 bp−$614.4 bp−$1,435doesn’t fit
SELL · SHORTBackpack0.065.3 bp−$548.6 bp−$486doesn’t fitdoesn’t fit
Closing costs about the same again.
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