Funding you earn now, next payment 02:00 UTC+0.0982%/8h= +107.5% APRpaid last 24h −0.005%
Price spread now: Lighter against KuCoin+0.465%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$646as in the Funding arb table
Net, price: spread back to 7d avg − costs−$602as in the Price arb table
costs, in and out, $10k−$6426.416% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)−0.283%−$28 · spread now +0.465%, 7d avg +0.070%
=Together, before fees−0.331%+ Points / potential airdropLighter: Season 3 · farm board−$33 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Lighter is 0.396% dearer against KuCoin than usual: you sell high and buy low: +$40 more if the spread goes back to its 7-day average of +0.070%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.5% 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 | KuCoin DATAUSDTM | 0.2256 | −0.1246 | get 0.0623% / 4h | 2h 07m | $205K | $1.0M | 30x |
| Short | Lighter DATA | 0.2267 | −0.0264 | pay 0.0033% / 1h | 7m 28s | $78K | $232K | 10x |
KuCoin DATAUSDTM
Lighter DATAFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $206.22
- Price spread: +0.465% → +0.070%
- $39.56
- Slippage, 4 orders
- −$629.62
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$395.84
- Costs to cover
- 6.416%
- Break-even
- 20.4 days
Slippage from KuCoin: live order book, 2 min ago; Lighter: live order book, 43 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, 2 min ago | 21.28 bp | 311.5 bp −$311 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 43 min ago | 9.01 bp | 13.3 bp −$13 | 47.2 bp −$472 | doesn't fit | doesn't fit |
DATA on 8 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 DATA-USDT-SWAP | −0.3343% | 4h | 0.2257 | +0.022% | $1.3M | $7.2M | 20x | as long as short |
| MEXC DATA_USDT | −0.3314% | 4h | 0.2257 | +0.022% | $103K | $274K | 20x | as long as short |
| Gate DATA_USDT | −0.2558% | 4h | 0.2268 | +0.510% | $118K | $87K | 20x | as long as short |
| Extended DATA-USD | −0.1624% | 1h | 0.2258 | +0.061% | $937 | $60 | 5x | as long as short |
| KuCoin DATAUSDTMlong | −0.1246% | 4h | 0.2256 | long leg | $205K | $1.0M | 30x | |
| Bybit DATAUSDT | −0.1105% | 4h | 0.2267 | +0.456% | $1.2M | $1.7M | 20x | as long as short |
| Lighter DATAshort | −0.0264% | 1h | 0.2267 | +0.465% | $78K | $232K | 10x | |
| Bitget DATAUSDT | +0.0042% | 4h | 0.2262 | +0.244% | $689K | $478K | 50x | as long as short |
OKX DATA-USDT-SWAP
MEXC DATA_USDT
Gate DATA_USDT
Extended DATA-USD
Bybit DATAUSDT
Bitget DATAUSDT