Funding you earn now, next payment 05:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.068%
Price spread now: KuCoin against Lighter−0.156%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1381.375% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.104%+$10 · spread now −0.156%, 7d avg −0.046%
=Together, before fees+0.108%+ Points / potential airdropLighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.110% cheaper against Lighter than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.046%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter FF | 0.1280 | 0.0224 | pay 0.0028% / 1h | 58m 06s | $135K | $26K | 3x |
| Short | KuCoin FFUSDTM | 0.1278 | 0.0100 | get 0.0050% / 4h | 3h 58m | $8.6M | $4.5M | 20x |
Lighter FF
KuCoin FFUSDTMFunding 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
- −$26.04
- Price spread: −0.156% → −0.046%
- −$11
- Slippage, 4 orders
- −$125.55
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$174.59
- Costs to cover
- 1.375%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 41 min ago; KuCoin: live order book, 10 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, 41 min ago | 5.50 bp | 43.3 bp −$43 | 128.2 bp −$1,282 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 10 min ago | 11.38 bp | 32.5 bp −$32 | 223.0 bp −$2,230 | doesn't fit | doesn't fit |
FF on 11 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 FF_USDT | −0.0054% | 4h | 0.1276 | −0.313% | $10.1M | $680K | 50x | as long as short |
| Binance FFUSDT | −0.0053% | 4h | 0.1275 | −0.342% | $43.1M | $17.1M | 20x | as long as short |
| BloFin FF-USDT | −0.0046% | 4h | 0.1276 | −0.289% | $2.3M | $141K | 20x | as long as short |
| Aster FFUSDT | +0.0100% | 4h | 0.1277 | −0.255% | $1.2M | $26K | 5x | as long as short |
| Bybit FFUSDT | +0.0100% | 4h | 0.1276 | −0.313% | $14.4M | $4.3M | 20x | as long as short |
| KuCoin FFUSDTMshort | +0.0100% | 4h | 0.1278 | −0.156% | $8.6M | $4.5M | 20x | |
| Bitget FFUSDT | +0.0100% | 4h | 0.1277 | −0.242% | $18.6M | $1.0M | 5x | as long as short |
| BingX FF-USDT | +0.0100% | 4h | 0.1276 | −0.281% | — | $6.7M | — | as long as short |
| SunX FF-USDT | +0.0100% | 4h | 0.1275 | −0.406% | $1K | $1.1M | 20x | as long as short |
| Lighter FFlong | +0.0224% | 1h | 0.1280 | long leg | $135K | $26K | 3x |
MEXC FF_USDT
Binance FFUSDT
BloFin FF-USDT
Aster FFUSDT
Bybit FFUSDT
Bitget FFUSDT
BingX FF-USDT
SunX FF-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate FF_USDT | +0.0834% | 4h | 0.1278 | −0.164% | $26.9M | $1.3M | 50x | as long as short |
Gate FF_USDT