OURA

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	LighterOURA	52.395	−0.0176	get 0.0022% / 1h	59m 54s	$102K	$186K	5x	Long Lighter7d free
SHORT	QFEXOURA-USD	51.150	−0.0005	pay 0.0001% / 1h	59m 54s	$1.1M	$562K	10x	Short QFEX

Price gap−2.376%

Funding gap+0.0171% /8h

Funding pays +$5 a day on $10k, but the gap is 0.164% under its 7d average: −$16 if it goes back, about 3.2 days of funding.

Funding you earn now+0.0171% /8hpaid last 24h +0.038% · next 10:00 UTC

Price spread now−2.376%7d average −2.212% · you buy dearer than you sell

Net 7d · $10k—Paid 7d +$416h − costs $175 · under 7 days of funding history

Net, price · $10k−$192spread back to 7d avg − costs · as in Price arb

Costs, in and out · $10k−$1751.753% of a $10k position

Funding, last

16 hours, all we have+0.038%+$4 on $10k

Price spread, last 18 hours of 7D (all we have)+0.274%+$27 · now −2.376%, avg −2.212%

Together, before fees+0.312%+$31+ 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

QFEX price against Lighternow

RANGE STATS · 7D

Now−2.376%

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	long leg	$102K	$186K	5x	No	52.395 · long leg · OI $102K · 5x · KYC No	LONG
tradeXYZxyz:OURA	−0.0017% · 1h	1h	51.148	−2.380%	$219K	$1.0M	5x	No	51.148 · −2.380% · OI $219K · 5x · KYC No	long short
QFEXOURA-USD	−0.0005% · 1h	1h	51.150	−2.376%	$1.1M	$562K	10x	No	51.150 · −2.376% · OI $1.1M · 10x · KYC No	SHORT
OKXOURA-USDT-SWAP	0.0000% · 8h	8h	51.047	−2.573%	$125K	$1.3M	20x	Yes	51.047 · −2.573% · OI $125K · 20x · KYC Yes	long short
GateOURA_USDT	0.0000% · 8h	8h	52.270	−0.239%	$494K	$302K	10x	Yes	52.270 · −0.239% · OI $494K · 10x · KYC Yes	long short
BitgetOURAUSDT	0.0000% · 8h	8h	50.995	−2.672%	$1.5M	$11.0M	20x	Yes	50.995 · −2.672% · OI $1.5M · 20x · KYC Yes	long short
SunXOURA-USDT	0.0000% · 8h	8h	50.860	−2.930%	—	$2.3M	10x	No	50.860 · −2.930% · OI — · 10x · KYC No	long short
HTXOURA-USDT	0.0000% · 8h	8h	51.340	−2.014%	$11K	$393K	10x	Limited	51.340 · −2.014% · OI $11K · 10x · KYC Limited	long short
BloFinOURA-USDT	+0.0047% · 8h	8h	51.150	−2.376%	$47K	$25K	20x	Limited	51.150 · −2.376% · OI $47K · 20x · KYC Limited	long short
AsterOURAUSD1	+0.0050% · 8h	8h	50.972	−2.715%	$100K	$73K	20x	No	50.972 · −2.715% · OI $100K · 20x · KYC No	long short
BinanceOURAUSDT	+0.0050% · 8h	8h	51.148	−2.380%	$798K	$3.8M	20x	Yes	51.148 · −2.380% · OI $798K · 20x · KYC Yes	long short
KuCoinOURAUSDTM	+0.0050% · 8h	8h	51.360	−1.975%	$14K	$3.3M	20x	Yes	51.360 · −1.975% · OI $14K · 20x · KYC Yes	long short

Before you open

3 ok · 3 to watch

Watch: Thin at this size102.3 / 20.9 bp
At $10k Lighter’s book costs 102.3 bp to enter, 4.9× QFEX’s.
Note: Margin at max leverage$2,000 + $1,000
Lighter 5x, QFEX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$5.14Long Lighter: 24 payments, +$5.28; short QFEX: 24 payments, −$0.14.
Watch: Gap narrower than usual−2.376% vs −2.212%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$102K vs $1.1M 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.
OK: No KYC on either legLighter No · QFEX No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0189%/8h × 21 periods+$39.71

Price spread−2.376% → −2.212% (7d avg)−$16.42

Slippage, 4 orderslive order books−$165.26

Fee Lighter bp × 2 orders$0.00

Fee QFEX bp × 2 orders−$10.00

Net · 7 days · $10k−$151.97

Costs to cover1.753%Break-even33.8 days

Slippage: Lighter: live order book, 12 min ago; QFEX: live order book, 6 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGLighter12.56102.3 bp−$102151.9 bp−$1,519doesn’t fitdoesn’t fit

SELL · SHORTQFEX2.9420.9 bp−$21doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.