Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | SunXOURA-USDT | 51.240 | 0 | get 0.0000% / 8h | 5h 20m | — | $2.2M | 10x | Long SunX≤10% back |
| SHORT | LighterOURA | 52.395 | −0.0216 | pay 0.0027% / 1h | 20m 19s | $110K | $197K | 5x | Short Lighter7d free |
Price gap+2.254%
Funding gap−0.0216% /8h
Both sides work against this direction now: funding costs $6 a day on $10k and the gap is 0.324% 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+2.254%7d average +2.579% · you sell dearer than you buy
Net 7d · $10k—book too thin at $10k
Net, price · $10k—book too thin at $10k
Costs, in and out · $10kdoesn’t fitbook too thin at $10k
Funding, last
19 hours, all we have−0.040%−$4 on $10kPrice spread, last 18 hours of 7D (all we have)+0.268%+$27 · now +2.254%, avg +2.579%
Together, before fees+0.228%+$23+ 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 SunXnow
RANGE STATS · 7D
Now+2.254%
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 | +2.254% | $110K | $197K | 5x | No | 52.395 · +2.254% · OI $110K · 5x · KYC No | SHORT |
| QFEXOURA-USD | −0.0014% · 1h | 1h | 51.410 | +0.332% | $1.1M | $566K | 10x | No | 51.410 · +0.332% · OI $1.1M · 10x · KYC No | longshort |
| OKXOURA-USDT-SWAP | 0.0000% · 8h | 8h | 51.370 | +0.254% | $132K | $1.1M | 20x | Yes | 51.370 · +0.254% · OI $132K · 20x · KYC Yes | longshort |
| GateOURA_USDT | 0.0000% · 8h | 8h | 52.500 | +2.459% | $597K | $390K | 10x | Yes | 52.500 · +2.459% · OI $597K · 10x · KYC Yes | longshort |
| BitgetOURAUSDT | 0.0000% · 8h | 8h | 51.252 | +0.023% | $1.6M | $10.0M | 20x | Yes | 51.252 · +0.023% · OI $1.6M · 20x · KYC Yes | longshort |
| SunXOURA-USDT | 0.0000% · 8h | 8h | 51.240 | long leg | — | $2.2M | 10x | No | 51.240 · long leg · OI — · 10x · KYC No | LONG |
| HTXOURA-USDT | 0.0000% · 8h | 8h | 51.580 | +0.664% | $12K | $393K | 10x | Limited | 51.580 · +0.664% · OI $12K · 10x · KYC Limited | longshort |
| tradeXYZxyz:OURA | +0.0001% · 1h | 1h | 51.317 | +0.150% | $226K | $1.0M | 5x | No | 51.317 · +0.150% · OI $226K · 5x · KYC No | longshort |
| BloFinOURA-USDT | +0.0023% · 8h | 8h | 51.480 | +0.468% | $46K | $26K | 20x | Limited | 51.480 · +0.468% · OI $46K · 20x · KYC Limited | longshort |
| AsterOURAUSD1 | +0.0050% · 8h | 8h | 51.146 | −0.183% | $101K | $73K | 20x | No | 51.146 · −0.183% · OI $101K · 20x · KYC No | longshort |
| BinanceOURAUSDT | +0.0050% · 8h | 8h | 51.413 | +0.338% | $810K | $3.4M | 20x | Yes | 51.413 · +0.338% · OI $810K · 20x · KYC Yes | longshort |
| KuCoinOURAUSDTM | +0.0050% · 8h | 8h | 51.660 | +0.820% | $14K | $3.3M | 20x | Yes | 51.660 · +0.820% · OI $14K · 20x · KYC Yes | longshort |
Before you open
2 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than SunX’s order book right now.
- Note: Margin at max leverage$1,000 + $2,000SunX 10x, Lighter 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$6.48Long SunX: 3 payments, $0.00; short Lighter: 24 payments, −$6.48.
- Watch: Gap narrower than usual+2.254% vs +2.579%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner— vs $110K OISunX 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 legSunX No · Lighter 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−$36.20
Price spread+2.254% → +2.579% (7d avg)−$32.44
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee SunX bp × 2 orders−$8.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: SunX: live order book, 6 min ago; Lighter: live order book, 9 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSunX901.10doesn’t fitdoesn’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.