Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 81.740 | −0.0128 | get 0.0016% / 1h | 55m 43s | $100K | $7K | 10x | Long Lighter7d free | |
| SHORT | 81.690 | +0.0048 | get 0.0006% / 1h | 55m 43s | $106K | $105K | 20x | Short Popdex |
Price gap−0.061%
Funding gap+0.0176% /8h
Funding pays +$5 a day on $10k, but the gap is 0.036% under its 7d average: −$4 if it goes back, about 17 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$13+0.0176% /8h now · paid −0.130% over the last 7D
Price−$4spread −0.061% now, avg −0.025% → −0.036% if it goes back
Costs−$1281.278% of $10k · taker + slippage, in and out
Result−$144−1.44%+ Points / potential airdropLighter: 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−0.061%
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
/8hZHIPU on 18 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size29.2 / 24.3 bpAt $10k entering Lighter costs 29.2 bp, fee and slippage, 1.2× Popdex’s.
- Note: Margin at max leverage$1,000 + $500Lighter 10x, Popdex 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: +$5.28Long Lighter: 24 payments, +$3.84; short Popdex: 24 payments, +$1.44.
- Watch: Gap narrower than usual−0.061% vs −0.025%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$100K vs $106K OILighter sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- OK: No KYC on either legLighter No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0063%/8h × 21 periods−$13.16
Price spread−0.061% → −0.025% (7d avg)−$3.64
Slippage, 4 orderslive order books−$121.40
Fee Lighter bp × 2 orders$0.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$144.60
Costs to cover1.278%Break-evennever at this rate
Slippage: Lighter: live order book, 50 min ago; Popdex: live order book, 63 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter13.3829.2 bp−$2950.2 bp−$502doesn’t fitdoesn’t fit
SELL · SHORTPopdex3.0524.3 bp−$24doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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