Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | tradeXYZxyz:OURA | 51.338 | +0.0001 | pay 0.0000% / 1h | 18m 32s | $226K | $1.0M | 5x | Long tradeXYZ |
| SHORT | LighterOURA | 52.395 | −0.0216 | pay 0.0027% / 1h | 18m 32s | $110K | $197K | 5x | Short Lighter7d free |
Price gap+2.059%
Funding gap−0.0216% /8h
Both sides work against this direction now: funding costs $6 a day on $10k and the gap is 0.211% 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+2.059%7d average +2.270% · you sell dearer than you buy
Net 7d · $10k—Paid 7d −$419h − costs $255 · under 7 days of funding history
Net, price · $10k−$276spread 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)+0.182%+$18 · now +2.059%, avg +2.270%
Together, before fees+0.142%+$14+ Points / potential airdroptradeXYZ: points · Lighter: 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 tradeXYZnow
RANGE STATS · 7D
Now+2.059%
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 | +2.059% | $110K | $197K | 5x | No | 52.395 · +2.059% · OI $110K · 5x · KYC No | SHORT |
| QFEXOURA-USD | −0.0014% · 1h | 1h | 51.450 | +0.218% | $1.1M | $566K | 10x | No | 51.450 · +0.218% · OI $1.1M · 10x · KYC No | longshort |
| OKXOURA-USDT-SWAP | 0.0000% · 8h | 8h | 51.370 | +0.062% | $132K | $1.0M | 20x | Yes | 51.370 · +0.062% · OI $132K · 20x · KYC Yes | longshort |
| GateOURA_USDT | 0.0000% · 8h | 8h | 52.570 | +2.400% | $601K | $392K | 10x | Yes | 52.570 · +2.400% · OI $601K · 10x · KYC Yes | longshort |
| BitgetOURAUSDT | 0.0000% · 8h | 8h | 51.287 | −0.099% | $1.6M | $9.9M | 20x | Yes | 51.287 · −0.099% · OI $1.6M · 20x · KYC Yes | longshort |
| SunXOURA-USDT | 0.0000% · 8h | 8h | 51.220 | −0.230% | — | $2.2M | 10x | No | 51.220 · −0.230% · OI — · 10x · KYC No | longshort |
| HTXOURA-USDT | 0.0000% · 8h | 8h | 51.580 | +0.471% | $11K | $393K | 10x | Limited | 51.580 · +0.471% · OI $11K · 10x · KYC Limited | longshort |
| tradeXYZxyz:OURA | +0.0001% · 1h | 1h | 51.338 | long leg | $226K | $1.0M | 5x | No | 51.338 · long leg · OI $226K · 5x · KYC No | LONG |
| BloFinOURA-USDT | +0.0042% · 8h | 8h | 51.480 | +0.277% | $46K | $26K | 20x | Limited | 51.480 · +0.277% · OI $46K · 20x · KYC Limited | longshort |
| AsterOURAUSD1 | +0.0050% · 8h | 8h | 51.146 | −0.374% | $101K | $73K | 20x | No | 51.146 · −0.374% · OI $101K · 20x · KYC No | longshort |
| BinanceOURAUSDT | +0.0050% · 8h | 8h | 51.437 | +0.193% | $815K | $3.4M | 20x | Yes | 51.437 · +0.193% · OI $815K · 20x · KYC Yes | longshort |
| KuCoinOURAUSDTM | +0.0050% · 8h | 8h | 51.650 | +0.608% | $15K | $3.3M | 20x | Yes | 51.650 · +0.608% · OI $15K · 20x · KYC Yes | longshort |
Before you open
3 ok · 3 to watch- Watch: Thin at this size82.1 / 15.2 bpAt $10k tradeXYZ’s book costs 82.1 bp to enter, 5.4× Lighter’s.
- Note: Margin at max leverage$2,000 + $2,000tradeXYZ 5x, 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: −$6.49Long tradeXYZ: 24 payments, −$0.02; short Lighter: 24 payments, −$6.48.
- Watch: Gap narrower than usual+2.059% vs +2.270%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$110K vs $226K OILighter sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ points · Lighter Season 3Volume here counts toward the points program.
- OK: No KYC on either legtradeXYZ 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−$36.14
Price spread+2.059% → +2.270% (7d avg)−$21.06
Slippage, 4 orderslive order books−$236.83
Fee tradeXYZ bp × 2 orders−$18.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$312.03
Costs to cover2.548%Break-evennever at this rate
Slippage: tradeXYZ: live order book, 9 min ago; Lighter: live order book, 11 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ58.6582.1 bp−$82244.4 bp−$2,444doesn’t fitdoesn’t fit
SELL · SHORTLighter15.1715.2 bp−$1599.6 bp−$996doesn’t fitdoesn’t fit
Closing costs about the same again.