Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0568%/8h= +62.2% APRpaid last 24h +0.132%

Price spread now: Lighter against KuCoin+0.067%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Lighter is 0.067% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CAPUSDTM	0.04620	−0.0472	get 0.0236% / 4h	1h 14m	$4.4M	$1.4M	10x
Short	Lighter CAP	0.04623	0.0096	get 0.0012% / 1h	14m 48s	$19K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee LighterbpOrdersPrice spread, now +0.067%Rate

Funding earned: $119.28
Price spread: +0.067% → 0.000%: $6.71
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $113.99
Costs to cover: 0.120%
Break-even: 0.3 days

Slippage unknown: KuCoin: live order book, 3 min ago; Lighter: no order-book sample. Net counts fees only.

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 KuCoin live order book, 3 min ago	2.16 bp	43.6 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CAP on 14 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
KuCoin CAPUSDTMlong	−0.0472%	4h	0.04620	long leg	$4.4M	$1.4M	10x
gTrade (Gains Network) CAP/USD	L 0.0000% / S 0.0000%	1h	0.04617	−0.071%	—	—	150x	as long as short
BloFin CAP-USDT	+0.0071%	4h	0.04628	+0.173%	$375K	$61K	10x	as long as short
Lighter CAPshort	+0.0096%	1h	0.04623	+0.067%	$19K	$2K	3x
OKX CAP-USDT-SWAP	+0.0097%	4h	0.04625	+0.108%	$2.1M	$7.3M	10x	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04623	+0.068%	$26K	$66K	5x	as long as short
Binance CAPUSDT	+0.0100%	4h	0.04623	+0.068%	$8.9M	$9.0M	10x	as long as short
Bybit CAPUSDT	+0.0100%	4h	0.04625	+0.108%	$4.5M	$4.2M	10x	as long as short
Gate CAP_USDT	+0.0100%	4h	0.04624	+0.087%	$325K	$1.2M	20x	as long as short
MEXC CAP_USDT	+0.0100%	4h	0.04624	+0.087%	$548K	$234K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CAPUSDT	+0.0100%	4h	0.04620	0.000%	$1.0M	$595K	10x	as long as short
BingX CAP-USDT	+0.0100%	4h	0.04625	+0.108%	—	$1.6M	—	as long as short
Variational Omni CAP	+0.0100%	4h	0.04635	+0.316%	$8K	$8K	—	as long as short
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04624	+0.091%	$4K	$1K	10x	as long as short