Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 49.665 | +0.0936 | pay 0.0117% / 1h | 8m 26s | $76K | $1K | 10x | Long Lighter7d free | |
| SHORT | 49.452 | +0.0500 | get 0.0062% / 1h | 8m 26s | $176K | $47K | 10x | Short Entropy |
Price gap−0.429%
Funding gap−0.0436% /8h
Both sides work against this direction now: funding costs $13 a day on $10k and the gap is 0.429% under zero (no 7-day history yet). Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0−0.0436% /8h now · paid −0.003% over the last 7D
Price—spread −0.429% now · no price history on both exchanges yet
Costsno datano order book for Lighter
Result, before costs—+ Points / potential airdropLighter: Season 3 · farm boardneeds both price histories
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.003% in total, about −0.0001%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.429%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hTENCENT on 12 exchanges
lowest funding firstBefore you open
3 ok · 1 to watch- Note: Order book unknown—No order-book sample for Lighter: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $1,000Lighter 10x, Entropy 10x. 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: −$13.09Long Lighter: 24 payments, −$28.08; short Entropy: 24 payments, +$14.99.
- Note: No 7-day spread history−0.429%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner$76K vs $176K 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 legLighter No · Entropy NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0001%/8h × 21 periods−$0.26
Price spread−0.429% → 0−$42.89
Slippage, 4 ordersno data for Lighter—
Fee Lighter bp × 2 orders$0.00
Fee Entropy bp × 2 orders−$1.80
Net, fees only · 7 days · $10k−$44.95
Costs to cover0.018%Break-evennever at this rate
Slippage: Lighter: no order-book sample; Entropy: live order book, 26 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter—————
SELL · SHORTEntropy6.5515.4 bp−$15doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
Lighter: no data.
BingX