Funding you earn now, next payment 09:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.003%
Price spread now: Lighter RH against Arcus+0.047%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$410.407% of the position
Funding, last 4 days (all we have)+0.033%+$3 on $10k
+Price spread, last 4 days (all we have)+0.131%+$13 · spread now +0.047%, 7d avg −0.007%
=Together, before fees+0.164%+ Points / potential airdropLighter RH: Points live · farm board+$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.054% dearer against Arcus than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.007%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus USO-USD | 149.58 | 0.0040 | pay 0.0005% / 1h | 43m 28s | $346K | $93K | 20x |
| Short | Lighter RH USO | 149.65 | 0.0032 | get 0.0004% / 1h | 43m 28s | $316K | $179K | 10x |
Arcus USO-USD
Lighter RH USOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$1.74
- Price spread: +0.047% → −0.007%
- $5.4
- Slippage, 4 orders
- −$36.21
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$37.05
- Costs to cover
- 0.407%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 55 min ago; Lighter RH: live order book, 54 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Arcus live order book, 55 min ago | 2.67 bp | 10.6 bp −$11 | 16.7 bp −$167 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 54 min ago | 7.01 bp | 10.7 bp −$11 | 54.6 bp −$546 | doesn't fit | doesn't fit |
USO on 5 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX USO-USDT-SWAP | 0.0000% | 8h | 148.57 | −0.675% | $194K | $286K | 20x | as long as short |
| MEXC USO_USDT | 0.0000% | 8h | 148.61 | −0.648% | $735K | $101K | 20x | as long as short |
| Lighter RH USOshort | +0.0032% | 1h | 149.65 | +0.047% | $316K | $179K | 10x | |
| Arcus USO-USDlong | +0.0040% | 1h | 149.58 | long leg | $346K | $93K | 20x | |
| ApeX Omni USOUSDT | +0.0100% | 1h | 149.44 | −0.094% | $67K | $13K | 50x | as long as short |
OKX USO-USDT-SWAP
MEXC USO_USDT
ApeX Omni USOUSDT