Funding you earn now, next payment 06:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.019%
Price spread now: Lighter against KuCoin−0.008%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$176as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1641.637% of the position
Funding, last 7 days−0.126%−$13 on $10k
+Price spread, last 7 days+0.096%+$10 · spread now −0.008%, 7d avg −0.047%
=Together, before fees−0.029%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.039% dearer against KuCoin than usual: you sell high and buy low (spread −0.008% now, against its 7-day average of −0.047%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin COINUSDTM | 196.19 | 0.0100 | pay 0.0100% / 8h | 2h 46m | $989K | $143K | 20x |
| Short | Lighter COIN | 196.18 | 0.0056 | get 0.0007% / 1h | 46m 02s | $385K | $2.1M | 10x |
KuCoin COINUSDTM
Lighter COINFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$9.24
- Price spread: −0.008% → −0.047%
- $3.92
- Slippage, 4 orders
- −$151.68
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$169
- Costs to cover
- 1.637%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 38 min ago; Lighter: live order book, 6 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 KuCoin live order book, 38 min ago | 13.50 bp | 86.2 bp −$86 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 0.41 bp | 0.8 bp −$1 | 3.4 bp −$34 | doesn't fit | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0718% | 8h | 196.47 | +0.143% | $6.3M | $10.5M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.43 | +0.122% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0218% | 8h | 196.33 | +0.071% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0114% | 1h | 195.66 | −0.270% | — | $281K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.24 | +0.027% | $342K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.22 | +0.016% | $114K | $857K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.40 | +0.107% | $14.7M | $80.7M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.32 | +0.066% | $4.7M | $6.1M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.34 | +0.076% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.26 | +0.036% | $701K | $955K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 196.57 | +0.194% | $23K | $2.5M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.13 | −0.031% | $453K | $1.5M | 10x | as long as short |
| QFEX COIN-USD | +0.0038% | 1h | 196.33 | +0.071% | $1.3M | $3.1M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.57 | +0.194% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.22 | +0.015% | $15.3M | $13.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.22 | +0.015% | $132K | $1.3M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.23 | +0.020% | $74 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.11 | −0.041% | $351K | $2.8M | 10x | as long as short |
| Lighter COINshort | +0.0056% | 1h | 196.18 | −0.008% | $385K | $2.1M | 10x | |
| Phoenix COIN | +0.0082% | 1h | 196.43 | +0.122% | $4K | $283K | 10x | as long as short |
| KuCoin COINUSDTMlong | +0.0100% | 8h | 196.19 | long leg | $989K | $143K | 20x | |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.44 | +0.127% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.21 | +0.010% | $567 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.22 | +0.017% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.46 | +0.138% | $188K | $393K | 20x | as long as short |
| edgeX COINUSDC | +0.0708% | 4h | 196.51 | +0.165% | $51K | $296K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
edgeX COINUSDC