Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,485.5 | +0.0008 | pay 0.0001% / 1h | 44m 46s | $1.4M | $145K | 5x | Long Lighter7d free | |
| SHORT | 1,426.3 | +0.0001 | 0.0000% / 1h | 44m 46s | $287K | $52K | 3x | Short Ondo Perps5% off |
Price gap−3.983%
Funding gap−0.0007% /8h
Funding is ≈ 0, so this is a price-spread trade: +$52 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$7−0.0007% /8h now · paid −0.065% over the last 7D
Price+$52spread −3.983% now, avg −4.506% → +0.522% if it goes back
Costs−$1301.298% of $10k · taker + slippage, in and out
Result−$84−0.84%+ Points / potential airdropLighter: Season 3 · Ondo Perps: points · 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−3.983%
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
/8hOPENAI on 26 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- Watch: Thin at this size3.4 / 109.6 bpAt $10k entering Ondo Perps costs 109.6 bp, fee and slippage, 32.3× Lighter’s.
- Note: Margin at max leverage$2,000 + $3,333Lighter 5x, Ondo Perps 3x. 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: −$0.22Long Lighter: 24 payments, −$0.24; short Ondo Perps: 24 payments, +$0.02.
- OK: Entry gap works for you−3.983% vs −4.506%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$287K vs $1.4M OIOndo Perps sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3 · Ondo Perps pointsVolume here counts toward the points program.
- OK: No KYC on either legLighter No · Ondo Perps NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0031%/8h × 21 periods−$6.53
Price spread−3.983% → −4.506% (7d avg)+$52.25
Slippage, 4 orderslive order books−$124.75
Fee Lighter bp × 2 orders$0.00
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$84.03
Costs to cover1.298%Break-evennever at this rate
Slippage: Lighter: live order book, 1 min ago; Ondo Perps: live order book, 17 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter0.943.4 bp−$3151.0 bp−$1,510doesn’t fitdoesn’t fit
SELL · SHORTOndo Perps4.91109.6 bp−$110268.6 bp−$2,686doesn’t fitdoesn’t fit
Closing costs about the same again.
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