Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | QFEXOURA-USD | 51.410 | −0.0014 | get 0.0002% / 1h | 19m 45s | $1.1M | $566K | 10x | Long QFEX |
| SHORT | LighterOURA | 52.395 | −0.0216 | pay 0.0027% / 1h | 19m 45s | $110K | $197K | 5x | Short Lighter7d free |
Price gap+1.916%52s
Funding gap−0.0202% /8h
Both sides work against this direction now: funding costs $6 a day on $10k and the gap is 0.310% under its 7d average. Swap the legs.
The two prices were read 52 s apart: part of this gap may be the market moving.
Funding you earn now−0.0202% /8hpaid last 24h −0.040% · next 11:00 UTC
Price spread now+1.916%52s7d average +2.226% · you sell dearer than you buy
Net 7d · $10k—Paid 7d −$417h − costs $108 · under 7 days of funding history
Net, price · $10k—prices read too far apart to compare
Costs, in and out · $10k−$1081.076% of a $10k position
Funding, last
17 hours, all we have−0.040%−$4 on $10kPrice spread, last 18 hours of 7D (all we have)+0.184%+$18 · now +1.916%, avg +2.226%
Together, before fees+0.144%+$14+ 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 QFEXnow
RANGE STATS · 7D
Now+1.916%
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 | +1.916% | $110K | $197K | 5x | No | 52.395 · +1.916% · OI $110K · 5x · KYC No | SHORT |
| QFEXOURA-USD | −0.0014% · 1h | 1h | 51.410 | long leg | $1.1M | $566K | 10x | No | 51.410 · long leg · OI $1.1M · 10x · KYC No | LONG |
| OKXOURA-USDT-SWAP | 0.0000% · 8h | 8h | 51.386 | −0.047% | $132K | $1.1M | 20x | Yes | 51.386 · −0.047% · OI $132K · 20x · KYC Yes | longshort |
| GateOURA_USDT | 0.0000% · 8h | 8h | 52.500 | +2.120% | $599K | $391K | 10x | Yes | 52.500 · +2.120% · OI $599K · 10x · KYC Yes | longshort |
| BitgetOURAUSDT | 0.0000% · 8h | 8h | 51.260 | −0.292% | $1.6M | $10.0M | 20x | Yes | 51.260 · −0.292% · OI $1.6M · 20x · KYC Yes | longshort |
| SunXOURA-USDT | 0.0000% · 8h | 8h | 51.240 | −0.331% | — | $2.2M | 10x | No | 51.240 · −0.331% · OI — · 10x · KYC No | longshort |
| HTXOURA-USDT | 0.0000% · 8h | 8h | 51.580 | +0.331% | $12K | $393K | 10x | Limited | 51.580 · +0.331% · OI $12K · 10x · KYC Limited | longshort |
| tradeXYZxyz:OURA | +0.0001% · 1h | 1h | 51.320 | −0.175% | $226K | $1.0M | 5x | No | 51.320 · −0.175% · OI $226K · 5x · KYC No | longshort |
| BloFinOURA-USDT | +0.0023% · 8h | 8h | 51.480 | +0.136% | $46K | $26K | 20x | Limited | 51.480 · +0.136% · OI $46K · 20x · KYC Limited | longshort |
| AsterOURAUSD1 | +0.0050% · 8h | 8h | 51.146 | −0.514% | $101K | $73K | 20x | No | 51.146 · −0.514% · OI $101K · 20x · KYC No | longshort |
| BinanceOURAUSDT | +0.0050% · 8h | 8h | 51.435 | +0.048% | $811K | $3.4M | 20x | Yes | 51.435 · +0.048% · OI $811K · 20x · KYC Yes | longshort |
| KuCoinOURAUSDTM | +0.0050% · 8h | 8h | 51.630 | +0.428% | $15K | $3.3M | 20x | Yes | 51.630 · +0.428% · OI $15K · 20x · KYC Yes | longshort |
Before you open
3 ok · 3 to watch- Watch: Thin at this size13.1 / 15.2 bpAt $10k Lighter’s book costs 15.2 bp to enter, 1.2× QFEX’s.
- Note: Margin at max leverage$1,000 + $2,000QFEX 10x, Lighter 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: −$6.06Long QFEX: 24 payments, +$0.42; short Lighter: 24 payments, −$6.48.
- Watch: Prices read 52 s apart+1.916% vs +2.226%Part of this gap may be the market moving.
- Watch: Short leg is thinner$110K vs $1.1M OILighter sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- OK: No KYC on either legQFEX No · Lighter NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0192%/8h × 21 periods−$40.26
Price spread+1.916% → +2.226% (7d avg)−$30.99
Slippage, 4 orderslive order books−$97.65
Fee QFEX bp × 2 orders−$10.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$178.89
Costs to cover1.076%Break-evennever at this rate
Slippage: QFEX: live order book, 3 min ago; Lighter: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGQFEX2.9213.1 bp−$13doesn’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.