Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: KuCoin against Lighter−0.055%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$870.871% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)−0.170%−$17 · spread now −0.055%, 7d avg −0.056%
=Together, before fees−0.181%+ Points / potential airdropLighter: Season 3 · farm board−$18 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter OP | 0.1271 | 0.0096 | pay 0.0012% / 1h | 29m 58s | $276K | $905K | 15x |
| Short | KuCoin OPUSDTM | 0.1270 | 0.0100 | get 0.0100% / 8h | 1h 29m | $2.9M | $7.5M | 75x |
Lighter OP
KuCoin OPUSDTMFunding 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
- $0.84
- Price spread: −0.055% → −0.056%
- $0.09
- Slippage, 4 orders
- −$75.1
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$86.18
- Costs to cover
- 0.871%
- Break-even
- 725.1 days
Slippage from Lighter: live order book, 50 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 Lighter live order book, 50 min ago | 5.92 bp | 10.4 bp −$10 | 50.2 bp −$502 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 3.95 bp | 26.1 bp −$26 | 68.7 bp −$687 | doesn't fit | doesn't fit |
OP on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1710% | 1h | 0.1265 | −0.449% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1270 | −0.045% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0360% | 1h | 0.1253 | −1.393% | $21K | $63K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1270 | −0.044% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1270 | −0.055% | $42K | $171K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1270 | −0.040% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0041% | 8h | 0.1269 | −0.134% | $235K | $49K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0057% | 8h | 0.1269 | −0.134% | $6K | $49K | 10x | as long as short |
| Lighter OPlong | +0.0096% | 1h | 0.1271 | long leg | $276K | $905K | 15x | |
| OKX OP-USDT-SWAP | +0.0096% | 8h | 0.1269 | −0.102% | $5.9M | $30.0M | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
OKX OP-USDT-SWAPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1271 | −0.008% | $4.1M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1270 | −0.029% | $212K | $241K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1269 | −0.110% | $20.6M | $62.0M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1268 | −0.181% | $18.5M | $25.3M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1270 | −0.087% | $1.9M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1269 | −0.102% | $20.0M | $7.1M | 300x | as long as short |
| KuCoin OPUSDTMshort | +0.0100% | 8h | 0.1270 | −0.055% | $2.9M | $7.5M | 75x | |
| Bitget OPUSDT | +0.0100% | 8h | 0.1270 | −0.055% | $6.0M | $6.2M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1270 | −0.094% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1269 | −0.118% | $126K | $190K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1266 | −0.364% | $11K | $382K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1265 | −0.471% | $316K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1266 | −0.370% | $45K | $722K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1269 | −0.110% | $177 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1270 | −0.024% | $176K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1269 | −0.121% | $102K | $186K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1270 | −0.068% | $4K | — | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1268 | −0.173% | $996K | $284K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0227% | 1h | 0.1270 | −0.076% | $793K | $740K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0437% | 1h | 0.1269 | −0.098% | $706 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP