OURA

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BitgetOURAUSDT	50.951	0	get 0.0000% / 8h	6h 02m	$1.5M	$11.0M	20x	Long Bitget
SHORT	LighterOURA	52.395	−0.0176	pay 0.0022% / 1h	2m 20s	$99K	$181K	5x	Short Lighter7d free

Price gap+2.834%

Funding gap−0.0176% /8h

The gap pays +$22 on $10k if it goes back to its 7d average, but funding costs $5 a day and eats that in about 4.2 days.

Funding you earn now−0.0176% /8hpaid last 24h −0.038% · next 10:00 UTC

Price spread now+2.834%7d average +2.613% · you sell dearer than you buy

Net 7d · $10k—Paid 7d −$418h − costs $180 · under 7 days of funding history

Net, price · $10k−$158spread back to 7d avg − costs · as in Price arb

Costs, in and out · $10k−$1801.797% of a $10k position

Funding, last

18 hours, all we have−0.038%−$4 on $10k

Price spread, last 18 hours of 7D (all we have)−0.302%−$30 · now +2.834%, avg +2.613%

Together, before fees−0.340%−$34+ 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 Bitgetnow

RANGE STATS · 7D

Now+2.834%

Average—

Range—

Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

OURA on 12 exchanges

lowest funding first

Exchange	Funding /8h	Every	Price	vs long leg	OI	Vol 24h	Lev	KYC	Use as
LighterOURA	−0.0176% · 1h	1h	52.395	+2.834%	$99K	$181K	5x	No	52.395 · +2.834% · OI $99K · 5x · KYC No	SHORT
tradeXYZxyz:OURA	−0.0017% · 1h	1h	50.940	−0.022%	$218K	$1.0M	5x	No	50.940 · −0.022% · OI $218K · 5x · KYC No	long short
QFEXOURA-USD	−0.0005% · 1h	1h	51.130	+0.351%	$1.1M	$558K	10x	No	51.130 · +0.351% · OI $1.1M · 10x · KYC No	long short
OKXOURA-USDT-SWAP	0.0000% · 8h	8h	50.922	−0.057%	$122K	$1.3M	20x	Yes	50.922 · −0.057% · OI $122K · 20x · KYC Yes	long short
GateOURA_USDT	0.0000% · 8h	8h	52.170	+2.392%	$471K	$293K	10x	Yes	52.170 · +2.392% · OI $471K · 10x · KYC Yes	long short
BitgetOURAUSDT	0.0000% · 8h	8h	50.951	long leg	$1.5M	$11.0M	20x	Yes	50.951 · long leg · OI $1.5M · 20x · KYC Yes	LONG
SunXOURA-USDT	0.0000% · 8h	8h	50.790	−0.316%	—	$2.3M	10x	No	50.790 · −0.316% · OI — · 10x · KYC No	long short
HTXOURA-USDT	0.0000% · 8h	8h	51.400	+0.881%	$11K	$393K	10x	Limited	51.400 · +0.881% · OI $11K · 10x · KYC Limited	long short
BloFinOURA-USDT	+0.0041% · 8h	8h	51.050	+0.194%	$46K	$25K	20x	Limited	51.050 · +0.194% · OI $46K · 20x · KYC Limited	long short
AsterOURAUSD1	+0.0050% · 8h	8h	50.972	+0.042%	$100K	$73K	20x	No	50.972 · +0.042% · OI $100K · 20x · KYC No	long short
BinanceOURAUSDT	+0.0050% · 8h	8h	51.119	+0.330%	$789K	$3.8M	20x	Yes	51.119 · +0.330% · OI $789K · 20x · KYC Yes	long short
KuCoinOURAUSDTM	+0.0050% · 8h	8h	51.330	+0.744%	$14K	$3.3M	20x	Yes	51.330 · +0.744% · OI $14K · 20x · KYC Yes	long short

Before you open

2 ok · 4 to watch

Watch: Thin at this size12.6 / 31.5 bp
At $10k Lighter’s book costs 31.5 bp to enter, 2.5× Bitget’s.
Note: Margin at max leverage$500 + $2,000
Bitget 20x, Lighter 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$5.28Long Bitget: 3 payments, $0.00; short Lighter: 24 payments, −$5.28.
OK: Entry gap works for you+2.834% vs +2.613%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$99K vs $1.5M OI
Lighter sets your exit cost. Check its book before closing.
OK: Points on a legLighter Season 3
Volume here counts toward the points program.
Watch: KYCBitget Yes · Lighter No
KYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0169%/8h × 21 periods−$35.55

Price spread+2.834% → +2.613% (7d avg)+$22.14

Slippage, 4 orderslive order books−$167.71

Fee Bitget bp × 2 orders−$12.00

Fee Lighter bp × 2 orders$0.00

Net · 7 days · $10k−$193.12

Costs to cover1.797%Break-evennever at this rate

Slippage: Bitget: live order book, 2 min ago; Lighter: live order book, 10 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBitget3.4412.6 bp−$1319.4 bp−$194doesn’t fitdoesn’t fit

SELL · SHORTLighter12.5631.5 bp−$3271.7 bp−$717doesn’t fitdoesn’t fit

Closing costs about the same again.