Funding you earn now, next payment 02:00 UTC−0.1726%/8h= −189.0% APRpaid last 24h −0.269%
Price spread now: KuCoin against Lighter−0.459%7-day average −0.147% · you buy dearer than you sell
Net, funding: paid 7d − costs−$303as in the Funding arb table
Net, price: spread back to 7d avg − costs−$255as in the Price arb table
costs, in and out, $10k−$2242.237% of the position
Funding, last 7 days−0.797%−$80 on $10k
+Price spread, last 4 days (all we have)+0.204%+$20 · spread now −0.459%, 7d avg −0.147%
=Together, before fees−0.593%+ Points / potential airdropLighter: Season 3 · farm board−$59 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$52 a day on $10k at the current rate, and KuCoin is 0.312% cheaper against Lighter than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.147%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.797% in total (about -41.5% 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 | Lighter GRASS | 0.4114 | 0.1864 | pay 0.0233% / 1h | 22m 38s | $804K | $784K | 5x |
| Short | KuCoin GRASSUSDTM | 0.4095 | 0.0138 | get 0.0069% / 4h | 2h 22m | $1.2M | $1.6M | 50x |
Lighter GRASS
KuCoin GRASSUSDTMFunding 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
- −$362.46
- Price spread: −0.459% → −0.147%
- −$31.2
- Slippage, 4 orders
- −$211.7
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$617.35
- Costs to cover
- 2.237%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 42 min ago; KuCoin: 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 Lighter live order book, 42 min ago | 68.98 bp | 93.4 bp −$93 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 8 min ago | 10.93 bp | 29.2 bp −$29 | 500.2 bp −$5,002 | doesn't fit | doesn't fit |
GRASS on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya GRASSRUSDPERP | −0.0111% | 1h | 0.4093 | −0.505% | $615 | — | 15x | as long as short |
| Injective GRASS/USDC PERP | +0.0033% | 1h | 0.4267 | +3.722% | $7 | $23K | 5.5x | as long as short |
| Binance GRASSUSDT | +0.0100% | 4h | 0.4096 | −0.435% | $9.7M | $28.3M | 75x | as long as short |
| Bybit GRASSUSDT | +0.0100% | 4h | 0.4095 | −0.469% | $22.9M | $16.4M | 25x | as long as short |
| OKX GRASS-USDT-SWAP | +0.0100% | 4h | 0.4096 | −0.435% | $3.1M | $14.5M | 20x | as long as short |
| Gate GRASS_USDT | +0.0100% | 4h | 0.4094 | −0.484% | $1.1M | $1.6M | 50x | as long as short |
| MEXC GRASS_USDT | +0.0100% | 4h | 0.4095 | −0.459% | $1.2M | $2.3M | 100x | as long as short |
| Bitget GRASSUSDT | +0.0100% | 4h | 0.4094 | −0.486% | $4.8M | $3.1M | 75x | as long as short |
| BingX GRASS-USDT | +0.0100% | 4h | 0.4096 | −0.435% | — | $7.3M | — | as long as short |
| Variational Omni GRASS | +0.0100% | 4h | 0.4115 | +0.022% | $2.0M | $1.2M | — | as long as short |
Reya GRASSRUSDPERP
Injective GRASS/USDC PERP
Binance GRASSUSDT
Bybit GRASSUSDT
OKX GRASS-USDT-SWAP
Gate GRASS_USDT
MEXC GRASS_USDT
Bitget GRASSUSDT
BingX GRASS-USDT
Variational Omni GRASSShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended GRASS-USD | +0.0104% | 1h | 0.4094 | −0.478% | $203K | $907K | 10x | as long as short |
| KuCoin GRASSUSDTMshort | +0.0138% | 4h | 0.4095 | −0.459% | $1.2M | $1.6M | 50x | |
| Aster GRASSUSDT | +0.0428% | 4h | 0.4094 | −0.475% | $66K | $221K | 10x | as long as short |
| Kraken Futures PF_GRASSUSD | +0.0649% | 1h | 0.4089 | −0.603% | $146K | $128K | 20x | as long as short |
| Hyperliquid GRASS | +0.1141% | 1h | 0.4101 | −0.306% | $15.4M | $3.9M | 3x | as long as short |
| Lighter GRASSlong | +0.1864% | 1h | 0.4114 | long leg | $804K | $784K | 5x |
Extended GRASS-USD
Aster GRASSUSDT
Kraken Futures PF_GRASSUSD
Hyperliquid GRASS