Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 370.94 | +0.0100 | pay 0.0013% / 1h | 10m 36s | $386K | $555K | 20x | Long TxFlow5% off | |
| SHORT | 371.06 | +0.0032 | get 0.0004% / 1h | 10m 36s | $1.9M | $4.3M | 20x | Short Lighter7d free |
Price gap+0.032%
Funding gap−0.0068% /8h
The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 36 hours. At the last 7 days' pace that is about 15 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$33−0.0068% /8h now · paid −0.331% over the last 7D
Price+$3spread +0.032% now, avg +0.002% → +0.030% if it goes back
Costs−$150.154% of $10k · taker + slippage, in and out
Result−$46−0.46%+ Points / potential airdropTxFlow: points · Lighter: Season 3 · 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+0.032%
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 46 exchanges
lowest funding firstBefore you open
5 ok · 1 to watch- OK: Fits both order books7.4 / 0.4 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $500TxFlow 20x, Lighter 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: −$2.04Long TxFlow: 24 payments, −$3.00; short Lighter: 24 payments, +$0.96.
- OK: Entry gap works for you+0.032% vs +0.002%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$386K vs $1.9M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow points · Lighter Season 3Volume here counts toward the points program.
- OK: No KYC on either legTxFlow No · Lighter NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0158%/8h × 21 periods−$33.12
Price spread+0.032% → +0.002% (7d avg)+$3.03
Slippage, 4 orderslive order books−$6.43
Fee TxFlow bp × 2 orders−$9.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$45.52
Costs to cover0.154%Break-evennever at this rate
Slippage: TxFlow: live order book, 11 min ago; Lighter: live order book, 12 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow1.357.4 bp−$710.6 bp−$10643.8 bp−$4,382doesn’t fit
SELL · SHORTLighter0.400.4 bp$01.1 bp−$1127.6 bp−$2,756doesn’t fit
Closing costs about the same again.
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