USDCHF

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	LighterUSDCHF	0.8322	−0.0744	get 0.0093% / 1h	42m 27s	$1.3M	$65K	25x	Long Lighter7d free
SHORT	AvantisUSD/CHF	0.8346	L +0.0023S +0.0085	pay 0.0011% / 1h	42m 27s	$3.3M	—	100x	Short Avantis

Price gap+0.299%

Funding gap+0.0659% /8h

Both sides work: funding pays +$20 a day on $10k, and the gap is 0.036% above its 7d average: +$4 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$16+0.0659% /8h now · paid +0.163% over the last 7D

Price+$4spread +0.299% now, avg +0.264% → +0.036% if it goes back

Costsno datano order book for Avantis

Result, before costs+$20+0.20%+ Points / potential airdropLighter: Season 3 · Avantis: Season 3 · farm boardcosts unknown: no order book for Avantis · What the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.163% in total, about +0.0078%/8h on average.

Price and funding

1h · loading 5m…

Price spread

Prices

Fundingper 8h

P&L

PRICE SPREAD · 7D

Now+0.299%

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

/8h

USDCHF on 3 exchanges

lowest funding first

Before you open

4 ok · 0 to watch

Note: Order book unknown—
No order-book sample for Avantis: its slippage is not counted.
Note: Margin at max leverage$400 + $100
Lighter 25x, Avantis 100x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$19.77Long Lighter: 24 payments, +$22.32; short Avantis: 24 payments, −$2.55.
OK: Entry gap works for you+0.299% vs +0.264%
You short the dearer leg. If the gap goes back to average, the short gains.
Note: Long leg is thinner$1.3M vs $3.3M OI
Both legs are deep; Lighter is the smaller one.
OK: Points on a legLighter Season 3 · Avantis Season 3
Volume here counts toward the points program.
OK: No KYC on either legLighter No · Avantis No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0078%/8h × 21 periods+$16.28

Price spread+0.299% → +0.264% (7d avg)+$3.56

Slippage, 4 ordersno data for Avantis—

Fee Lighter bp × 2 orders$0.00

Fee Avantis bp × 2 orders−$4.00

Net, fees only · 7 days · $10k+$15.84

Costs to cover0.040%Break-even0.2 days

Slippage: Lighter: live order book, 3 min ago; Avantis: no order-book sample

Cost to enter

taker + slippage from mid, one side

BUY · LONGLighter11.1211.1 bp−$1122.2 bp−$22259.5 bp−$5,955doesn’t fit

SELL · SHORTAvantis—————

Closing costs about the same again.
Avantis: no data.