Funding arb · Price arb /

LIGHT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.051%

Price spread now: KuCoin against SunX+0.254%54s7-day average +0.029% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.455%+$46 on $10k

Price spread, last 4 days (all we have)−0.260%−$26 · spread now +0.254%, 7d avg +0.029%

Together, before fees+0.195%+$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.225% dearer against SunX than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.029%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LIGHT-USDT	0.1812	0.0100	pay 0.0050% / 4h	2h 38m	$2K	$1.4M	20x
Short	KuCoin LIGHTUSDTM	0.1817	0.0100	get 0.0050% / 4h	2h 38m	$2.0M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee KuCoinbpOrdersPrice spread, now +0.254%Rate

Funding earned: $0
Price spread: +0.254% → +0.029%: $22.45
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $2.45
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: SunX: live order book, 6 min ago; KuCoin: live order book, 3 min ago. Net counts fees only.

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 SunX live order book, 6 min ago	504.11 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 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	0.1815	+0.188%	$2.2M	$611K	13x	as long as short
OKX LIGHT-USDT-SWAP	+0.0100%	4h	0.1818	+0.331%	$898K	$1.3M	10x	as long as short
Gate LIGHT_USDT	+0.0100%	8h	0.1814	+0.110%	$2.3M	$547K	10x	as long as short
KuCoin LIGHTUSDTMshort	+0.0100%	4h	0.1817	+0.254%	$2.0M	$2.5M	10x
SunX LIGHT-USDTlong	+0.0100%	4h	0.1812	long leg	$2K	$1.4M	20x
Aster LIGHTUSDT	+0.0179%	4h	0.1814	+0.127%	$22K	$6K	5x	as long as short
BloFin LIGHT-USDT	+0.0283%	4h	0.1818	+0.331%	$240K	$15K	10x	as long as short
Binance LIGHTUSDT	+0.0297%	4h	0.1815	+0.182%	$4.2M	$3.1M	10x	as long as short
MEXC LIGHT_USDT	+0.0304%	4h	0.1815	+0.166%	$1.4M	$295K	50x	as long as short