Funding arb · Price arb /

CC

all CC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0540%/8h= +59.1% APRpaid last 24h +0.228%

Price spread now: Lighter against KuCoin+0.476%7-day average +0.195% · you sell dearer than you buy

Net, funding: paid 7d − costs−$278as in the Funding arb table

Net, price: spread back to 7d avg − costs−$298as in the Price arb table

costs, in and out, $10k−$3263.264% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.488%+$49 on $10k

Price spread, last 4 days (all we have)−0.171%−$17 · spread now +0.476%, 7d avg +0.195%

Together, before fees+0.318%+ Points / potential airdropLighter: Season 3 · farm board+$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Lighter is 0.281% dearer against KuCoin than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.195%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CCUSDTM	0.1176	0.0100	pay 0.0050% / 4h	2h 36m	$485K	$104K	50x
Short	Lighter CC	0.1182	0.0640	get 0.0080% / 1h	36m 42s	$253K	$170K	5x

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 +0.476%Rate

Funding earned: $113.4
Price spread: +0.476% → +0.195%: $28.1
Slippage, 4 orders: −$314.42
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$184.91
Costs to cover: 3.264%
Break-even: 18.4 days

Slippage from KuCoin: live order book, 22 min ago; Lighter: live order book, 59 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 KuCoin live order book, 22 min ago	21.30 bp	100.8 bp −$101	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 59 min ago	13.13 bp	17.5 bp −$17	272.5 bp −$2,725	doesn't fit	doesn't fit

CC on 19 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
Bybit CCUSDT	−0.0479%	4h	0.1175	−0.051%	$10.8M	$3.8M	25x	as long as short
MEXC CC_USDT	−0.0478%	4h	0.1175	−0.111%	$1.8M	$332K	100x	as long as short
Injective CC/USDC PERP	+0.0033%	1h	0.1180	+0.349%	$402	$3K	5.5x	as long as short
Paradex CC-USD-PERP	+0.0084%	8h	0.1176	−0.026%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1177	+0.119%	$5.5M	$1.3M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1175	−0.038%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1175	−0.077%	$11.1M	$11.8M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1176	−0.017%	$2.6M	$3.1M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1174	−0.162%	$364K	$206K	50x	as long as short
KuCoin CCUSDTMlong	+0.0100%	4h	0.1176	long leg	$485K	$104K	50x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CCUSDT	+0.0100%	4h	0.1177	+0.051%	$921K	$770K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1175	−0.043%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1176	−0.017%	$15K	$23K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1175	−0.105%	$599K	$56K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1173	−0.206%	$81K	$2.6M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1174	−0.192%	$6K	$33K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1172	−0.357%	$595K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0450% / S −0.0241%	1h	0.1176	−0.034%	$44K	—	50x	as long as short
Lighter CCshort	+0.0640%	1h	0.1182	+0.476%	$253K	$170K	5x