Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 371.06 | +0.0100 | pay 0.0013% / 1h | 51m 07s | $406K | $477K | 20x | Long TxFlow5% off | |
| SHORT | 371.01 | +0.0024 | get 0.0003% / 1h | 51m 07s | $2.5M | $5.7M | 20x | Short Lighter RH+10% pts |
Price gap−0.013%
Funding gap−0.0076% /8h
Funding costs $2 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$39−0.0076% /8h now · paid −0.394% over the last 7D
Price$0spread −0.013% now, avg −0.015% → +0.002% if it goes back
Costs−$150.154% of $10k · taker + slippage, in and out
Result−$55−0.55%+ Points / potential airdropTxFlow: points · Lighter 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−0.013%
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
4 ok · 1 to watch- OK: Fits both order books6.5 / 0.7 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $500TxFlow 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: −$2.28Long TxFlow: 24 payments, −$3.00; short Lighter RH: 24 payments, +$0.72.
- Note: Gap at its usual level−0.013% vs −0.015%The price leg adds little either way.
- Watch: Long leg is thinner$406K vs $2.5M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow points · Lighter RH Points liveVolume here counts toward the points program.
- OK: No KYC on either legTxFlow No · Lighter RH NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0187%/8h × 21 periods−$39.36
Price spread−0.013% → −0.015% (7d avg)+$0.16
Slippage, 4 orderslive order books−$6.36
Fee TxFlow bp × 2 orders−$9.00
Fee Lighter RH bp × 2 orders$0.00
Net · 7 days · $10k−$54.56
Costs to cover0.154%Break-evennever at this rate
Slippage: TxFlow: live order book, 37 min ago; Lighter RH: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow1.626.5 bp−$78.2 bp−$8224.6 bp−$2,458263.7 bp−$131.9K
SELL · SHORTLighter RH0.540.7 bp−$11.7 bp−$1733.4 bp−$3,343doesn’t fit
Closing costs about the same again.
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