Funding you earn now, next payment 04:00 UTC−0.0122%/8h= −13.3% APRnext payment −$0.61 per $10,000 · paid last 24h −0.144%
Price spread now: KuCoin against Bybit−0.105%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$684as in the Funding arb table
Net, price: spread back to 7d avg − costs−$677as in the Price arb table
costs, in and out, $10k−$6726.718% of the position
Funding, last 7 days−0.119%−$12 on $10k
+Price spread, last 7 days+0.075%+$7 · spread now −0.105%, 7d avg −0.051%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.055% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.051%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit LIGHTUSDT | 0.1803 | 0.0368 | pay 0.0184% / 4h | 33m 31s | $2.2M | $608K | 13x |
| Short | KuCoin LIGHTUSDTM | 0.1801 | 0.0246 | get 0.0123% / 4h | 33m 31s | $2.0M | $2.5M | 10x |
Bybit LIGHTUSDT
KuCoin LIGHTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bybit. 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
- −$25.56
- Price spread: −0.105% → −0.051%
- −$5.46
- Slippage, 4 orders
- −$648.78
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$702.8
- Costs to cover
- 6.718%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 3 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 Bybit live order book, 3 min ago | 4.71 bp | 152.7 bp −$153 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 10.26 bp | 245.1 bp −$245 | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX LIGHT-USDT-SWAP | +0.0100% | 4h | 0.1806 | +0.172% | $896K | $1.3M | 10x | as long as short |
| Gate LIGHT_USDT | +0.0100% | 8h | 0.1802 | −0.050% | $2.3M | $562K | 10x | as long as short |
| SunX LIGHT-USDT | +0.0100% | 4h | 0.1799 | −0.216% | $1K | $1.4M | 20x | as long as short |
| KuCoin LIGHTUSDTMshort | +0.0246% | 4h | 0.1801 | −0.105% | $2.0M | $2.5M | 10x | |
| Aster LIGHTUSDT | +0.0265% | 4h | 0.1802 | −0.042% | $22K | $6K | 5x | as long as short |
| Bybit LIGHTUSDTlong | +0.0368% | 4h | 0.1803 | long leg | $2.2M | $608K | 13x | |
| BloFin LIGHT-USDT | +0.0387% | 4h | 0.1805 | +0.116% | $237K | $18K | 10x | as long as short |
| MEXC LIGHT_USDT | +0.0390% | 4h | 0.1804 | +0.061% | $1.4M | $290K | 50x | as long as short |
| Binance LIGHTUSDT | +0.0391% | 4h | 0.1806 | +0.148% | $4.1M | $3.1M | 10x | as long as short |
OKX LIGHT-USDT-SWAP
Gate LIGHT_USDT
SunX LIGHT-USDT
Aster LIGHTUSDT
BloFin LIGHT-USDT
MEXC LIGHT_USDT
Binance LIGHTUSDT