Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | BinanceOURAUSDT | 51.413 | +0.0050 | pay 0.0050% / 8h | 5h 20m | $810K | $3.4M | 20x | Long Binance |
| SHORT | LighterOURA | 52.395 | −0.0216 | pay 0.0027% / 1h | 20m 14s | $110K | $197K | 5x | Short Lighter7d free |
Price gap+1.910%
Funding gap−0.0266% /8h
Both sides work against this direction now: funding costs $8 a day on $10k and the gap is 0.282% under its 7d average. Swap the legs.
Funding you earn now−0.0266% /8hpaid last 24h −0.050% · next 11:00 UTC
Price spread now+1.910%7d average +2.192% · you sell dearer than you buy
Net 7d · $10k—Paid 7d −$519h − costs $148 · under 7 days of funding history
Net, price · $10k−$176spread back to 7d avg − costs · as in Price arb
Costs, in and out · $10k−$1481.479% of a $10k position
Funding, last
19 hours, all we have−0.050%−$5 on $10kPrice spread, last 18 hours of 7D (all we have)+0.166%+$17 · now +1.910%, avg +2.192%
Together, before fees+0.116%+$12+ Points / potential airdropLighter: Season 3 · farm boardWith fees, hour by hour → backtest
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Lighter price against Binancenow
RANGE STATS · 7D
Now+1.910%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hOURA on 12 exchanges
lowest funding first| Exchange | Funding /8h | Every | Price | vs long leg | OI | Vol 24h | Lev | KYC | Use as | |
|---|---|---|---|---|---|---|---|---|---|---|
| LighterOURA | −0.0216% · 1h | 1h | 52.395 | +1.910% | $110K | $197K | 5x | No | 52.395 · +1.910% · OI $110K · 5x · KYC No | SHORT |
| QFEXOURA-USD | −0.0014% · 1h | 1h | 51.410 | −0.006% | $1.1M | $566K | 10x | No | 51.410 · −0.006% · OI $1.1M · 10x · KYC No | longshort |
| OKXOURA-USDT-SWAP | 0.0000% · 8h | 8h | 51.370 | −0.084% | $132K | $1.1M | 20x | Yes | 51.370 · −0.084% · OI $132K · 20x · KYC Yes | longshort |
| GateOURA_USDT | 0.0000% · 8h | 8h | 52.500 | +2.114% | $597K | $390K | 10x | Yes | 52.500 · +2.114% · OI $597K · 10x · KYC Yes | longshort |
| BitgetOURAUSDT | 0.0000% · 8h | 8h | 51.252 | −0.313% | $1.6M | $10.0M | 20x | Yes | 51.252 · −0.313% · OI $1.6M · 20x · KYC Yes | longshort |
| SunXOURA-USDT | 0.0000% · 8h | 8h | 51.240 | −0.337% | — | $2.2M | 10x | No | 51.240 · −0.337% · OI — · 10x · KYC No | longshort |
| HTXOURA-USDT | 0.0000% · 8h | 8h | 51.580 | +0.325% | $12K | $393K | 10x | Limited | 51.580 · +0.325% · OI $12K · 10x · KYC Limited | longshort |
| tradeXYZxyz:OURA | +0.0001% · 1h | 1h | 51.317 | −0.187% | $226K | $1.0M | 5x | No | 51.317 · −0.187% · OI $226K · 5x · KYC No | longshort |
| BloFinOURA-USDT | +0.0023% · 8h | 8h | 51.480 | +0.130% | $46K | $26K | 20x | Limited | 51.480 · +0.130% · OI $46K · 20x · KYC Limited | longshort |
| AsterOURAUSD1 | +0.0050% · 8h | 8h | 51.146 | −0.520% | $101K | $73K | 20x | No | 51.146 · −0.520% · OI $101K · 20x · KYC No | longshort |
| BinanceOURAUSDT | +0.0050% · 8h | 8h | 51.413 | long leg | $810K | $3.4M | 20x | Yes | 51.413 · long leg · OI $810K · 20x · KYC Yes | LONG |
| KuCoinOURAUSDTM | +0.0050% · 8h | 8h | 51.660 | +0.480% | $14K | $3.3M | 20x | Yes | 51.660 · +0.480% · OI $14K · 20x · KYC Yes | longshort |
Before you open
1 ok · 5 to watch- Watch: Thin at this size29.4 / 15.2 bpAt $10k Binance’s book costs 29.4 bp to enter, 1.9× Lighter’s.
- Note: Margin at max leverage$500 + $2,000Binance 20x, Lighter 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$7.98Long Binance: 3 payments, −$1.50; short Lighter: 24 payments, −$6.48.
- Watch: Gap narrower than usual+1.910% vs +2.192%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$110K vs $810K OILighter sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- Watch: KYCBinance Yes · Lighter NoVerified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0215%/8h × 21 periods−$45.20
Price spread+1.910% → +2.192% (7d avg)−$28.25
Slippage, 4 orderslive order books−$137.94
Fee Binance bp × 2 orders−$10.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$221.39
Costs to cover1.479%Break-evennever at this rate
Slippage: Binance: live order book, 8 min ago; Lighter: live order book, 9 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance3.8929.4 bp−$29120.4 bp−$1,204doesn’t fitdoesn’t fit
SELL · SHORTLighter15.1715.2 bp−$1599.6 bp−$996doesn’t fitdoesn’t fit
Closing costs about the same again.