Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 357.33 | +0.0048 | pay 0.0006% / 1h | 13m 59s | $390K | $186K | 20x | Long Popdex | |
| SHORT | 357.18 | +0.0032 | get 0.0004% / 1h | 13m 59s | $1.6M | $3.3M | 20x | Short Lighter RH |
Price gap−0.042%
Funding gap−0.0016% /8h
Both sides work against this direction now: funding costs $0 a day on $10k and the gap is 0.039% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$12−0.0016% /8h now · paid −0.118% over the last 7D
Price−$4spread −0.042% now, avg −0.002% → −0.039% if it goes back
Costs−$110.111% of $10k · taker + slippage, in and out
Result−$27−0.27%+ Points / potential airdropLighter RH: Points live · farm boardWhat the last 7D really paid, hour by hour → backtest
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−0.042%
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
/8hTSLA on 39 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- OK: Fits both order books3.8 / 1.7 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $500Popdex 20x, Lighter RH 20x. 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: −$0.48Long Popdex: 24 payments, −$1.44; short Lighter RH: 24 payments, +$0.96.
- Watch: Gap narrower than usual−0.042% vs −0.002%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$390K vs $1.6M OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legLighter RH Points liveVolume here counts toward the points program.
- OK: No KYC on either legPopdex No · Lighter RH NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0058%/8h × 21 periods−$12.21
Price spread−0.042% → −0.002% (7d avg)−$3.95
Slippage, 4 orderslive order books−$4.74
Fee Popdex bp × 2 orders−$6.40
Fee Lighter RH bp × 2 orders$0.00
Net · 7 days · $10k−$27.30
Costs to cover0.111%Break-evennever at this rate
Slippage: Popdex: live order book, 66 min ago; Lighter RH: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex0.563.8 bp−$45.3 bp−$53doesn’t fitdoesn’t fit
SELL · SHORTLighter RH0.841.7 bp−$24.5 bp−$4545.7 bp−$4,571doesn’t fit
Closing costs about the same again.
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