Funding you earn now, next payment 03:00 UTC−0.0110%/8h= −12.0% APRpaid last 24h +0.008%
Price spread now: KuCoin against Lighter−0.019%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$620.618% of the position
Funding, last 7 days−0.096%−$10 on $10k
+Price spread, last 4 days (all we have)+0.407%+$41 · spread now −0.019%, 7d avg +0.022%
=Together, before fees+0.310%+ Points / potential airdropLighter: Season 3 · farm board+$31 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.041% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.022%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter FIL | 1.0049 | 0.0096 | pay 0.0012% / 1h | 11m 36s | $159K | $353K | 5x |
| Short | KuCoin FILUSDTM | 1.0047 | −0.0014 | pay 0.0014% / 8h | 5h 11m | $7.5M | $7.3M | 50x |
Lighter FIL
KuCoin FILUSDTMFunding 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
- −$23.1
- Price spread: −0.019% → +0.022%
- −$4.1
- Slippage, 4 orders
- −$49.81
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$89.01
- Costs to cover
- 0.618%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 43 min ago; KuCoin: live order book, 6 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, 43 min ago | 9.27 bp | 19.2 bp −$19 | 32.6 bp −$326 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 1.98 bp | 16.2 bp −$16 | 40.1 bp −$401 | doesn't fit | doesn't fit |
FIL on 29 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 FIL_USDC-PERPETUAL | −0.0743% | 1h | 1.0062 | +0.130% | $173K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0256% | 1h | 1.0098 | +0.489% | $377K | $2.2M | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0127% | 1h | 1.0059 | +0.103% | $1.4M | $2.3M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0063% | 8h | 1.0056 | +0.071% | $19.0M | $102.1M | 50x | as long as short |
| KuCoin FILUSDTMshort | −0.0014% | 8h | 1.0047 | −0.019% | $7.5M | $7.3M | 50x | |
| gTrade (Gains Network) FIL/USD | L −0.0003% / S +0.0006% | 1h | 1.0058 | +0.094% | $27K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0052 | +0.031% | $59K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.930% | $2K | $240K | 12x | as long as short |
| Extended FIL-USD | +0.0072% | 1h | 1.0046 | −0.033% | $712K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0075% | 8h | 1.0057 | +0.080% | $58.6M | $179.7M | 75x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
Kraken Futures PF_FILUSD
OKX FIL-USDT-SWAP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
Extended FIL-USD
Binance FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0091% | 8h | 1.0042 | −0.069% | $243K | $105K | 50x | as long as short |
| Lighter FILlong | +0.0096% | 1h | 1.0049 | long leg | $159K | $353K | 5x | |
| Hyperliquid FIL | +0.0100% | 1h | 1.0047 | −0.019% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 1.0055 | +0.062% | $511K | $586K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 1.0055 | +0.061% | $15.9M | $19.6M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 1.0057 | +0.081% | $8.6M | $16.6M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 1.0051 | +0.021% | $11.3M | $20.2M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 1.0048 | −0.009% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0088 | +0.384% | $454K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0083 | +0.344% | $46K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 1.0073 | +0.244% | $299K | $905K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0090 | +0.409% | $30K | $182K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0066 | +0.167% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0050 | +0.011% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0052 | +0.031% | $483 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0048 | −0.009% | $633K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 1.0040 | −0.089% | $1.1M | $2.5M | 50x | as long as short |
| BloFin FIL-USDT | +0.0195% | 8h | 1.0107 | +0.578% | $2.8M | $652K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0575% / S −0.0237% | 1h | 1.0059 | +0.098% | $268K | — | 100x | as long as short |
MEXC FIL_USDC
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
Bitget FILUSDT
BingX FIL-USDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]