Funding arb · Price arb /

BOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1058%/8h= +115.9% APRpaid last 24h +0.186%

Price spread now: Lighter against KuCoin+0.562%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and Lighter is 0.562% dearer against KuCoin than usual: you sell high and buy low: +$56 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.084% in total (about 4.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BOTUSDTM	29.350	−0.1026	get 0.1026% / 8h	3h 23m	$95K	$293K	20x
Short	Lighter BOT	29.515	0.0032	get 0.0004% / 1h	23m 30s	$68K	$1K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now +0.562%Rate

Funding earned: $222.18
Price spread: +0.562% → 0.000%: $56.22
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $266.4
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 48 min ago; Lighter: no order-book sample. 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 KuCoin live order book, 48 min ago	20.35 bp	406.3 bp −$406	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BOT on 12 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
tradeXYZ xyz:BOT	−0.1627%	1h	29.358	+0.027%	$3.1M	$771K	10x	as long as short
KuCoin BOTUSDTMlong	−0.1026%	8h	29.350	long leg	$95K	$293K	20x
OKX BOT-USDT-SWAP	−0.1002%	8h	29.360	+0.034%	$234K	$213K	20x	as long as short
Binance BOTUSDT	−0.0763%	8h	29.354	+0.013%	$451K	$1.2M	10x	as long as short
Variational Omni BOT	−0.0681%	8h	29.360	+0.033%	$31K	$14K	—	as long as short
QFEX BOT-USD	−0.0080%	1h	29.360	+0.034%	$1.2M	$516K	10x	as long as short
Bybit BOTUSDT	0.0000%	8h	29.340	−0.034%	$508K	$555K	25x	as long as short
Gate BOT_USDT	0.0000%	8h	29.440	+0.307%	$255K	$234K	20x	as long as short
Bitget BOTUSDT	0.0000%	8h	29.420	+0.239%	$246K	$120K	5x	as long as short
Lighter BOTshort	+0.0032%	1h	29.515	+0.562%	$68K	$1K	3x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus BOT-USD	+0.0040%	1h	29.320	−0.102%	$3K	$9K	5x	as long as short
HTX BOT-USDT	+0.0100%	8h	29.408	+0.198%	$3K	$34K	10x	as long as short