Funding you earn now, next payment 05:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.034%
Price spread now: Lighter RH against KuCoin−0.010%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$189as in the Funding arb table
Net, price: spread back to 7d avg − costs−$172as in the Price arb table
costs, in and out, $10k−$1741.735% of the position
Funding, last 7 days−0.153%−$15 on $10k
+Price spread, last 7 days+0.104%+$10 · spread now −0.010%, 7d avg −0.030%
=Together, before fees−0.049%+ Points / potential airdropLighter RH: Points live · farm board−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.020% dearer against KuCoin than usual: you sell high and buy low (spread −0.010% now, against its 7-day average of −0.030%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 24 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin COINUSDTM | 196.92 | 0.0100 | pay 0.0100% / 8h | 3h 42m | $993K | $143K | 20x |
| Short | Lighter RH COIN | 196.90 | 0.0032 | get 0.0004% / 1h | 42m 36s | $451K | $1.5M | 10x |
KuCoin COINUSDTM
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$14.28
- Price spread: −0.010% → −0.030%
- $2
- Slippage, 4 orders
- −$161.54
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$185.81
- Costs to cover
- 1.735%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 47 min ago; Lighter RH: live order book, 5 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, 47 min ago | 16.48 bp | 108.9 bp −$109 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 2.03 bp | 2.3 bp −$2 | 7.4 bp −$74 | 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 | −0.0679% | 8h | 196.99 | +0.036% | $6.2M | $10.4M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.08 | +0.081% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0224% | 8h | 196.87 | −0.025% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0111% | 1h | 196.38 | −0.274% | — | $266K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.07 | +0.077% | $344K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.71 | −0.105% | $117K | $689K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.90 | −0.012% | $14.7M | $79.9M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.92 | 0.000% | $4.8M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.86 | −0.030% | $3.0M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.02 | +0.051% | $685K | $939K | — | 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 | 197.00 | +0.041% | $12K | $2.4M | 10x | as long as short |
| QFEX COIN-USD | +0.0020% | 1h | 196.85 | −0.036% | $1.3M | $3.2M | 10x | as long as short |
| Lighter RH COINshort | +0.0032% | 1h | 196.90 | −0.010% | $451K | $1.5M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 197.10 | +0.091% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.85 | −0.036% | $15.4M | $13.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.82 | −0.051% | $134K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.93 | +0.005% | $78 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.68 | −0.122% | $353K | $2.7M | 10x | as long as short |
| KuCoin COINUSDTMlong | +0.0100% | 8h | 196.92 | long leg | $993K | $143K | 20x | |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.96 | +0.020% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.97 | +0.025% | $570 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.95 | +0.015% | $116 | — | 10x | as long as short |
| Lighter COIN | +0.0112% | 1h | 196.90 | −0.010% | $340K | $2.0M | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.01 | +0.046% | $188K | $393K | 20x | as long as short |
| Phoenix COIN | +0.0122% | 1h | 196.93 | +0.005% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0773% | 4h | 197.07 | +0.079% | $51K | $296K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Lighter COIN
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC