Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | LighterOURA | 52.395 | −0.0216 | get 0.0027% / 1h | 21m 18s | $110K | $197K | 5x | Long Lighter7d free |
| SHORT | GateOURA_USDT | 52.500 | 0 | get 0.0000% / 8h | 5h 21m | $597K | $390K | 10x | Short Gate |
Price gap+0.200%
Funding gap+0.0216% /8h
Both sides work: funding pays +$6 a day on $10k, and the gap is 1.443% above its 7d average: +$144 more if it goes back.
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 sell dearer than you buy
Net 7d · $10k—Paid 7d +$419h − costs $594 · under 7 days of funding history
Net, price · $10k−$450spread 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 $10kPrice spread, last 18 hours of 7D (all we have)−1.205%−$121 · 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
Gate price against Lighternow
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
/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 | long leg | $110K | $197K | 5x | No | 52.395 · long leg · OI $110K · 5x · KYC No | LONG |
| QFEXOURA-USD | −0.0014% · 1h | 1h | 51.440 | −1.823% | $1.1M | $566K | 10x | No | 51.440 · −1.823% · OI $1.1M · 10x · KYC No | longshort |
| OKXOURA-USDT-SWAP | 0.0000% · 8h | 8h | 51.399 | −1.901% | $131K | $1.1M | 20x | Yes | 51.399 · −1.901% · OI $131K · 20x · KYC Yes | longshort |
| GateOURA_USDT | 0.0000% · 8h | 8h | 52.500 | +0.200% | $597K | $390K | 10x | Yes | 52.500 · +0.200% · OI $597K · 10x · KYC Yes | SHORT |
| BitgetOURAUSDT | 0.0000% · 8h | 8h | 51.254 | −2.178% | $1.6M | $10.0M | 20x | Yes | 51.254 · −2.178% · OI $1.6M · 20x · KYC Yes | longshort |
| SunXOURA-USDT | 0.0000% · 8h | 8h | 51.230 | −2.223% | — | $2.2M | 10x | No | 51.230 · −2.223% · OI — · 10x · KYC No | longshort |
| HTXOURA-USDT | 0.0000% · 8h | 8h | 51.580 | −1.555% | $12K | $393K | 10x | Limited | 51.580 · −1.555% · OI $12K · 10x · KYC Limited | longshort |
| tradeXYZxyz:OURA | 0.0000% · 1h | 1h | 51.314 | −2.063% | $226K | $1.0M | 5x | No | 51.314 · −2.063% · OI $226K · 5x · KYC No | longshort |
| BloFinOURA-USDT | +0.0023% · 8h | 8h | 51.480 | −1.746% | $46K | $26K | 20x | Limited | 51.480 · −1.746% · OI $46K · 20x · KYC Limited | longshort |
| AsterOURAUSD1 | +0.0050% · 8h | 8h | 51.146 | −2.384% | $101K | $73K | 20x | No | 51.146 · −2.384% · OI $101K · 20x · KYC No | longshort |
| BinanceOURAUSDT | +0.0050% · 8h | 8h | 51.448 | −1.808% | $811K | $3.4M | 20x | Yes | 51.448 · −1.808% · OI $811K · 20x · KYC Yes | longshort |
| KuCoinOURAUSDTM | +0.0050% · 8h | 8h | 51.630 | −1.460% | $14K | $3.3M | 20x | Yes | 51.630 · −1.460% · OI $14K · 20x · KYC Yes | longshort |
Before you open
2 ok · 4 to watch- Watch: Thin at this size65.9 / 104.4 bpAt $10k Gate’s book costs 104.4 bp to enter, 1.6× Lighter’s.
- Note: Margin at max leverage$2,000 + $1,000Lighter 5x, Gate 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$6.48Long Lighter: 24 payments, +$6.48; short Gate: 3 payments, $0.00.
- OK: Entry gap works for you+0.200% vs −1.242%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$110K vs $597K OILighter 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 · Gate YesKYC before the futures account opens; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0173%/8h × 21 periods+$36.23
Price spread+0.200% → −1.242% (7d avg)+$144.28
Slippage, 4 orderslive order books−$579.39
Fee Lighter bp × 2 orders$0.00
Fee Gate bp × 2 orders−$15.00
Net · 7 days · $10k−$413.89
Costs to cover5.944%Break-even87.0 days
Slippage: Lighter: live order book, 8 min ago; Gate: live order book, 12 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter15.1765.9 bp−$66210.6 bp−$2,106doesn’t fitdoesn’t fit
SELL · SHORTGate27.70104.4 bp−$104doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.