Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.013%
Price spread now: Lighter against KuCoin+0.151%7-day average +0.121% · you sell dearer than you buy
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$158as in the Price arb table
costs, in and out, $10k−$1611.606% of the position
Funding, last 7 days+0.086%+$9 on $10k
+Price spread, last 7 days−0.017%−$2 · spread now +0.151%, 7d avg +0.121%
=Together, before fees+0.070%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.030% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.121%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ETHFIUSDTM | 0.7086 | 0.0100 | pay 0.0050% / 4h | 1h 37m | $1.2M | $253K | 50x |
| Short | Lighter ETHFI | 0.7097 | 0.0096 | get 0.0012% / 1h | 37m 28s | $1.1M | $888K | 5x |
KuCoin ETHFIUSDTM
Lighter ETHFIFunding 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
- −$0.84
- Price spread: +0.151% → +0.121%
- $2.98
- Slippage, 4 orders
- −$148.58
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$158.44
- Costs to cover
- 1.606%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; Lighter: live order book, 8 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, 3 min ago | 7.75 bp | 61.9 bp −$62 | 171.6 bp −$1,716 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 min ago | 8.63 bp | 33.4 bp −$33 | 96.8 bp −$968 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0455% | 1h | 0.7091 | +0.071% | $40K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0200% | 4h | 0.7088 | +0.028% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0013% | 4h | 0.7086 | 0.000% | $87K | $168K | 20x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.173% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0069% | 8h | 0.7089 | +0.039% | $6K | — | 5x | as long as short |
| Variational Omni ETHFI | +0.0070% | 4h | 0.7107 | +0.291% | $1.0M | $728K | — | as long as short |
| Lighter ETHFIshort | +0.0096% | 1h | 0.7097 | +0.151% | $1.1M | $888K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7107 | +0.289% | $17.8M | $8.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7093 | +0.099% | $181K | $256K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7098 | +0.169% | $24.7M | $35.7M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Variational Omni ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7103 | +0.240% | $17.8M | $12.7M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7109 | +0.325% | $5.0M | $12.2M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7095 | +0.127% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7091 | +0.071% | $15.3M | $3.9M | 125x | as long as short |
| KuCoin ETHFIUSDTMlong | +0.0100% | 4h | 0.7086 | long leg | $1.2M | $253K | 50x | |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7096 | +0.141% | $6.1M | $5.3M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7089 | +0.042% | — | $1.2M | — | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7092 | +0.085% | $1K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7085 | −0.013% | $99K | $381K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7087 | +0.021% | $8K | — | 3x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0307% | 1h | 0.7099 | +0.185% | $269K | $201K | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7089 | +0.042% | $1.2M | $248K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0512% | 1h | 0.7253 | +2.357% | $32K | $6K | 50x | as long as short |
| Polymarket Perps ETHFI-USD | +0.0539% | 1h | 0.7123 | +0.522% | $71K | $118K | 5x | as long as short |
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
Bitget ETHFIUSDT
BingX ETHFI-USDC
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Kraken Futures PF_ETHFIUSD
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Polymarket Perps ETHFI-USD