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 | 18m 32s | $110K | $197K | 5x | Long Lighter7d free |
| SHORT | tradeXYZxyz:OURA | 51.338 | +0.0001 | get 0.0000% / 1h | 18m 32s | $226K | $1.0M | 5x | Short tradeXYZ |
Price gap−2.017%
Funding gap+0.0216% /8h
Both sides work: funding pays +$6 a day on $10k, and the gap is 0.252% above its 7d average: +$25 more if it goes back.
Funding you earn now+0.0216% /8hpaid last 24h +0.040% · next 11:00 UTC
Price spread now−2.017%7d average −2.270% · you buy dearer than you sell
Net 7d · $10k—Paid 7d +$419h − costs $255 · under 7 days of funding history
Net, price · $10k−$230spread back to 7d avg − costs · as in Price arb
Costs, in and out · $10k−$2552.548% 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)−0.223%−$22 · now −2.017%, avg −2.270%
Together, before fees−0.183%−$18+ Points / potential airdropLighter: Season 3 · tradeXYZ: points · 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
tradeXYZ price against Lighternow
RANGE STATS · 7D
Now−2.017%
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 | 51.450 | −1.804% | $1.1M | $566K | 10x | No | 51.450 · −1.804% · OI $1.1M · 10x · KYC No | longshort |
| OKXOURA-USDT-SWAP | 0.0000% · 8h | 8h | 51.370 | −1.956% | $132K | $1.0M | 20x | Yes | 51.370 · −1.956% · OI $132K · 20x · KYC Yes | longshort |
| GateOURA_USDT | 0.0000% · 8h | 8h | 52.570 | +0.334% | $601K | $392K | 10x | Yes | 52.570 · +0.334% · OI $601K · 10x · KYC Yes | longshort |
| BitgetOURAUSDT | 0.0000% · 8h | 8h | 51.287 | −2.115% | $1.6M | $9.9M | 20x | Yes | 51.287 · −2.115% · OI $1.6M · 20x · KYC Yes | longshort |
| SunXOURA-USDT | 0.0000% · 8h | 8h | 51.220 | −2.243% | — | $2.2M | 10x | No | 51.220 · −2.243% · OI — · 10x · KYC No | longshort |
| HTXOURA-USDT | 0.0000% · 8h | 8h | 51.580 | −1.555% | $11K | $393K | 10x | Limited | 51.580 · −1.555% · OI $11K · 10x · KYC Limited | longshort |
| tradeXYZxyz:OURA | +0.0001% · 1h | 1h | 51.338 | −2.017% | $226K | $1.0M | 5x | No | 51.338 · −2.017% · OI $226K · 5x · KYC No | SHORT |
| BloFinOURA-USDT | +0.0042% · 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 | 51.437 | −1.828% | $815K | $3.4M | 20x | Yes | 51.437 · −1.828% · OI $815K · 20x · KYC Yes | longshort |
| KuCoinOURAUSDTM | +0.0050% · 8h | 8h | 51.650 | −1.422% | $15K | $3.3M | 20x | Yes | 51.650 · −1.422% · OI $15K · 20x · KYC Yes | longshort |
Before you open
4 ok · 2 to watch- Watch: Thin at this size65.9 / 91.7 bpAt $10k tradeXYZ’s book costs 91.7 bp to enter, 1.4× Lighter’s.
- Note: Margin at max leverage$2,000 + $2,000Lighter 5x, tradeXYZ 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$6.49Long Lighter: 24 payments, +$6.48; short tradeXYZ: 24 payments, +$0.02.
- OK: Entry gap works for you−2.017% vs −2.270%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$110K vs $226K OILighter sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3 · tradeXYZ pointsVolume here counts toward the points program.
- OK: No KYC on either legLighter No · tradeXYZ NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0172%/8h × 21 periods+$36.14
Price spread−2.017% → −2.270% (7d avg)+$25.22
Slippage, 4 orderslive order books−$236.83
Fee Lighter bp × 2 orders$0.00
Fee tradeXYZ bp × 2 orders−$18.00
Net · 7 days · $10k−$193.48
Costs to cover2.548%Break-even44.5 days
Slippage: Lighter: live order book, 11 min ago; tradeXYZ: live order book, 9 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter15.1765.9 bp−$66210.6 bp−$2,106doesn’t fitdoesn’t fit
SELL · SHORTtradeXYZ58.6591.7 bp−$92doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.