Funding you earn now, next payment 08:00 UTC−0.0197%/8h= −21.6% APRnext payment −$0.99 per $10,000 · paid last 24h −0.119%
Price spread now: KuCoin against Binance−0.207%7-day average −0.116% · you buy dearer than you sell
Net, funding: paid 7d − costs−$378as in the Funding arb table
Net, price: spread back to 7d avg − costs−$366as in the Price arb table
costs, in and out, $10k−$3563.564% of the position
Funding, last 7 days−0.213%−$21 on $10k
+Price spread, last 7 days+0.196%+$20 · spread now −0.207%, 7d avg −0.116%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and KuCoin is 0.091% cheaper against Binance than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.116%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance LIGHTUSDT | 0.1819 | 0.0297 | pay 0.0149% / 4h | 2h 37m | $4.2M | $3.1M | 10x |
| Short | KuCoin LIGHTUSDTM | 0.1815 | 0.0100 | get 0.0050% / 4h | 2h 37m | $2.0M | $2.5M | 10x |
Binance LIGHTUSDT
KuCoin LIGHTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. 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
- −$41.4
- Price spread: −0.207% → −0.116%
- −$9.12
- Slippage, 4 orders
- −$334.42
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$406.93
- Costs to cover
- 3.564%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; KuCoin: live order book, 4 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 Binance live order book, 14 min ago | 2.73 bp | 38.6 bp −$39 | 481.2 bp −$4,812 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 8.23 bp | 218.1 bp −$218 | doesn't fit | doesn't fit | doesn't fit |
LIGHT on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit LIGHTUSDT | +0.0100% | 4h | 0.1818 | −0.014% | $2.2M | $611K | 13x | as long as short |
| OKX LIGHT-USDT-SWAP | +0.0100% | 4h | 0.1822 | +0.189% | $901K | $1.3M | 10x | as long as short |
| Gate LIGHT_USDT | +0.0100% | 8h | 0.1817 | −0.086% | $2.3M | $547K | 10x | as long as short |
| KuCoin LIGHTUSDTMshort | +0.0100% | 4h | 0.1815 | −0.207% | $2.0M | $2.5M | 10x | |
| SunX LIGHT-USDT | +0.0100% | 4h | 0.1812 | −0.361% | $2K | $1.4M | 20x | as long as short |
| Aster LIGHTUSDT | +0.0179% | 4h | 0.1816 | −0.140% | $22K | $6K | 5x | as long as short |
| BloFin LIGHT-USDT | +0.0283% | 4h | 0.1818 | −0.031% | $240K | $15K | 10x | as long as short |
| Binance LIGHTUSDTlong | +0.0297% | 4h | 0.1819 | long leg | $4.2M | $3.1M | 10x | |
| MEXC LIGHT_USDT | +0.0304% | 4h | 0.1816 | −0.141% | $1.4M | $295K | 50x | as long as short |
Bybit LIGHTUSDT
OKX LIGHT-USDT-SWAP
Gate LIGHT_USDT
SunX LIGHT-USDT
Aster LIGHTUSDT
BloFin LIGHT-USDT
MEXC LIGHT_USDT