OURA

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	GateOURA_USDT	52.500	0	get 0.0000% / 8h	5h 21m	$597K	$390K	10x	Long Gate
SHORT	LighterOURA	52.395	−0.0216	pay 0.0027% / 1h	21m 17s	$110K	$197K	5x	Short Lighter7d free

Price gap−0.200%

Funding gap−0.0216% /8h

Both sides work against this direction now: funding costs $6 a day on $10k and the gap is 1.442% under its 7d average. Swap the legs.

Funding you earn now−0.0216% /8hpaid last 24h −0.040% · next 11:00 UTC

Price spread now−0.200%7d average +1.242% · you buy dearer than you sell

Net 7d · $10k—Paid 7d −$419h − costs $594 · under 7 days of funding history

Net, price · $10k−$739spread back to 7d avg − costs · as in Price arb

Costs, in and out · $10k−$5945.944% of a $10k position

Funding, last

19 hours, all we have−0.040%−$4 on $10k

Price spread, last 18 hours of 7D (all we have)+1.205%+$120 · now −0.200%, avg +1.242%

Together, before fees+1.165%+$116+ 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 Gatenow

RANGE STATS · 7D

Now−0.200%

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	−0.0216% · 1h	1h	52.395	−0.200%	$110K	$197K	5x	No	52.395 · −0.200% · OI $110K · 5x · KYC No	SHORT
QFEXOURA-USD	−0.0014% · 1h	1h	51.440	−2.019%	$1.1M	$566K	10x	No	51.440 · −2.019% · OI $1.1M · 10x · KYC No	long short
OKXOURA-USDT-SWAP	0.0000% · 8h	8h	51.399	−2.097%	$131K	$1.1M	20x	Yes	51.399 · −2.097% · OI $131K · 20x · KYC Yes	long short
GateOURA_USDT	0.0000% · 8h	8h	52.500	long leg	$597K	$390K	10x	Yes	52.500 · long leg · OI $597K · 10x · KYC Yes	LONG
BitgetOURAUSDT	0.0000% · 8h	8h	51.254	−2.373%	$1.6M	$10.0M	20x	Yes	51.254 · −2.373% · OI $1.6M · 20x · KYC Yes	long short
SunXOURA-USDT	0.0000% · 8h	8h	51.230	−2.419%	—	$2.2M	10x	No	51.230 · −2.419% · OI — · 10x · KYC No	long short
HTXOURA-USDT	0.0000% · 8h	8h	51.580	−1.752%	$12K	$393K	10x	Limited	51.580 · −1.752% · OI $12K · 10x · KYC Limited	long short
tradeXYZxyz:OURA	0.0000% · 1h	1h	51.314	−2.259%	$226K	$1.0M	5x	No	51.314 · −2.259% · OI $226K · 5x · KYC No	long short
BloFinOURA-USDT	+0.0023% · 8h	8h	51.480	−1.943%	$46K	$26K	20x	Limited	51.480 · −1.943% · OI $46K · 20x · KYC Limited	long short
AsterOURAUSD1	+0.0050% · 8h	8h	51.146	−2.579%	$101K	$73K	20x	No	51.146 · −2.579% · OI $101K · 20x · KYC No	long short
BinanceOURAUSDT	+0.0050% · 8h	8h	51.448	−2.004%	$811K	$3.4M	20x	Yes	51.448 · −2.004% · OI $811K · 20x · KYC Yes	long short
KuCoinOURAUSDTM	+0.0050% · 8h	8h	51.630	−1.657%	$14K	$3.3M	20x	Yes	51.630 · −1.657% · OI $14K · 20x · KYC Yes	long short

Before you open

1 ok · 5 to watch

Watch: Thin at this size408.9 / 15.2 bp
At $10k Gate’s book costs 408.9 bp to enter, 27.0× Lighter’s.
Note: Margin at max leverage$1,000 + $2,000
Gate 10x, 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: −$6.48Long Gate: 3 payments, $0.00; short Lighter: 24 payments, −$6.48.
Watch: Gap narrower than usual−0.200% vs +1.242%
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 $597K 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: KYCGate Yes · Lighter No
KYC before the futures account opens; 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−0.0173%/8h × 21 periods−$36.23

Price spread−0.200% → +1.242% (7d avg)−$144.24

Slippage, 4 orderslive order books−$579.39

Fee Gate bp × 2 orders−$15.00

Fee Lighter bp × 2 orders$0.00

Net · 7 days · $10k−$774.86

Costs to cover5.944%Break-evennever at this rate

Slippage: Gate: live order book, 12 min ago; Lighter: live order book, 8 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGGate27.70408.9 bp−$409doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTLighter15.1715.2 bp−$1599.6 bp−$996doesn’t fitdoesn’t fit

Closing costs about the same again.