Funding you earn now, next payment 05:00 UTC−0.0812%/8h= −88.9% APRpaid last 24h −0.222%
Price spread now: KuCoin against Lighter−0.464%7-day average −0.191% · you buy dearer than you sell
Net, funding: paid 7d − costs−$358as in the Funding arb table
Net, price: spread back to 7d avg − costs−$337as in the Price arb table
costs, in and out, $10k−$3103.096% of the position
Funding, last 7 days−0.479%−$48 on $10k
+Price spread, last 4 days (all we have)+0.161%+$16 · spread now −0.464%, 7d avg −0.191%
=Together, before fees−0.319%+ Points / potential airdropLighter: Season 3 · farm board−$32 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and KuCoin is 0.273% cheaper against Lighter than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.191%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.479% in total (about -25.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter CC | 0.1184 | 0.0912 | pay 0.0114% / 1h | 31m 11s | $253K | $168K | 5x |
| Short | KuCoin CCUSDTM | 0.1179 | 0.0100 | get 0.0050% / 4h | 3h 31m | $486K | $104K | 50x |
Lighter CC
KuCoin CCUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Lighter. 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
- −$170.52
- Price spread: −0.464% → −0.191%
- −$27.3
- Slippage, 4 orders
- −$297.57
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$507.39
- Costs to cover
- 3.096%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; KuCoin: live order book, 42 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 Lighter live order book, 4 min ago | 13.13 bp | 75.2 bp −$75 | 375.9 bp −$3,759 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 42 min ago | 13.20 bp | 124.2 bp −$124 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC CC_USDT | −0.0070% | 4h | 0.1178 | −0.507% | $1.7M | $331K | 100x | as long as short |
| Bybit CCUSDT | +0.0002% | 4h | 0.1178 | −0.507% | $10.8M | $3.8M | 25x | as long as short |
| Injective CC/USDC PERP | +0.0033% | 1h | 0.1180 | −0.363% | $402 | $3K | 5.5x | as long as short |
| Paradex CC-USD-PERP | +0.0098% | 8h | 0.1176 | −0.697% | $1K | — | 5x | as long as short |
| Hyperliquid CC | +0.0100% | 1h | 0.1181 | −0.262% | $5.5M | $1.3M | 3x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1178 | −0.515% | $35K | $32K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1178 | −0.522% | $11.1M | $11.8M | 75x | as long as short |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1179 | −0.431% | $2.6M | $3.1M | 20x | as long as short |
| Gate CC_USDT | +0.0100% | 4h | 0.1178 | −0.557% | $366K | $209K | 50x | as long as short |
| KuCoin CCUSDTMshort | +0.0100% | 4h | 0.1179 | −0.464% | $486K | $104K | 50x |
MEXC CC_USDT
Bybit CCUSDT
Injective CC/USDC PERP
Paradex CC-USD-PERP
Hyperliquid CC
Aster CCUSDT
Binance CCUSDT
OKX CC-USDT-SWAP
Gate CC_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CCUSDT | +0.0100% | 4h | 0.1180 | −0.380% | $925K | $771K | 20x | as long as short |
| BingX CC-USDT | +0.0100% | 4h | 0.1179 | −0.481% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERP | +0.0100% | 1h | 0.1179 | −0.473% | $15K | $22K | 10x | as long as short |
| Variational Omni CC | +0.0100% | 4h | 0.1179 | −0.486% | $600K | $56K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1176 | −0.699% | $85K | $2.6M | 10x | as long as short |
| Derive CC-PERP | +0.0100% | 1h | 0.1177 | −0.590% | $6K | $33K | 6.7x | as long as short |
| BloFin CC-USDT | +0.0340% | 4h | 0.1178 | −0.524% | $595K | $99K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0449% / S −0.0241% | 1h | 0.1179 | −0.456% | $44K | — | 50x | as long as short |
| Lighter CClong | +0.0912% | 1h | 0.1184 | long leg | $253K | $168K | 5x |
Bitget CCUSDT
BingX CC-USDT
Backpack CC_USDC_PERP
Variational Omni CC
GRVT CC_USDT_Perp
Derive CC-PERP
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]