Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: KuCoin against Lighter−0.124%7-day average −0.107% · you buy dearer than you sell
Net, funding: paid 7d − costs−$424as in the Funding arb table
Net, price: spread back to 7d avg − costs−$427as in the Price arb table
costs, in and out, $10k−$4254.254% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 4 days (all we have)−0.353%−$35 · spread now −0.124%, 7d avg −0.107%
=Together, before fees−0.344%+ Points / potential airdropLighter: Season 3 · farm board−$34 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SKY | 0.06871 | 0.0096 | pay 0.0012% / 1h | 30m 08s | $179K | $139K | 10x |
| Short | KuCoin SKYUSDTM | 0.06862 | 0.0100 | get 0.0050% / 4h | 3h 30m | $404K | $291K | 50x |
Lighter SKY
KuCoin SKYUSDTMFunding 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: −0.124% → −0.107%
- −$1.71
- Slippage, 4 orders
- −$413.35
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$426.22
- Costs to cover
- 4.254%
- Break-even
- 3558.9 days
Slippage from Lighter: live order book, 5 min ago; KuCoin: live order book, 42 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, 5 min ago | 12.97 bp | 17.9 bp −$18 | 114.2 bp −$1,142 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 42 min ago | 21.11 bp | 210.8 bp −$211 | 266.4 bp −$2,664 | doesn't fit | doesn't fit |
SKY on 18 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 SKY/USDC PERP | −0.0269% | 1h | 0.06893 | +0.327% | $376 | $303K | 12x | as long as short |
| Variational Omni SKY | −0.0079% | 4h | 0.06869 | −0.017% | $183K | $113K | — | as long as short |
| Lighter SKYlong | +0.0096% | 1h | 0.06871 | long leg | $179K | $139K | 10x | |
| Nado SKY-PERP | +0.0100% | 1h | 0.06878 | +0.106% | $76K | $31K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06874 | +0.051% | $42K | $42K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06871 | +0.011% | $15.7M | $11.0M | 75x | as long as short |
| Bybit SKYUSDT | +0.0100% | 4h | 0.06870 | −0.007% | $7.2M | $3.2M | 25x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06864 | −0.095% | $822K | $1.1M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06867 | −0.051% | $595K | $270K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.06872 | +0.022% | $1.0M | $265K | 100x | as long as short |
Injective SKY/USDC PERP
Variational Omni SKY
Nado SKY-PERP
Aster SKYUSDT
Binance SKYUSDT
Bybit SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDT
MEXC SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SKYUSDTMshort | +0.0100% | 4h | 0.06862 | −0.124% | $404K | $291K | 50x | |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06869 | −0.022% | $2.8M | $1.5M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06872 | +0.022% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06860 | −0.153% | $27K | $653K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06871 | +0.012% | $1K | $3K | 10x | as long as short |
| BloFin SKY-USDT | +0.0125% | 4h | 0.06860 | −0.153% | $583K | $29K | 75x | as long as short |
| Hyperliquid SKY | +0.0231% | 1h | 0.06882 | +0.169% | $2.8M | $909K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0522% / S −0.0248% | 1h | 0.06870 | −0.004% | $81K | — | 50x | as long as short |
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]