Funding you earn now, next payment 08:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.018%
Price spread now: KuCoin against Lighter−0.051%7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as in the Price arb table
costs, in and out, $10k−$1591.590% of the position
Funding, last 7 days+0.123%+$12 on $10k
+Price spread, last 7 days+0.058%+$6 · spread now −0.051%, 7d avg +0.046%
=Together, before fees+0.182%+ Points / potential airdropLighter: Season 3 · farm board+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.096% cheaper against Lighter than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of +0.046%). If the spread goes back, that is −$10 on $10k: about 27 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.123% in total) that is about 5.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter COIN | 195.52 | 0.0088 | pay 0.0011% / 1h | 10m 49s | $364K | $2.3M | 10x |
| Short | KuCoin COINUSDTM | 195.42 | 0.0100 | get 0.0100% / 8h | 10m 49s | $985K | $143K | 20x |
Lighter COIN
KuCoin COINUSDTMFunding 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
- $2.52
- Price spread: −0.051% → +0.046%
- −$9.62
- Slippage, 4 orders
- −$147.04
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$166.14
- Costs to cover
- 1.590%
- Break-even
- 468.5 days
Slippage from Lighter: live order book, 11 min ago; KuCoin: live order book, 64 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, 11 min ago | 0.61 bp | 0.6 bp −$1 | 1.7 bp −$17 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 64 min ago | 12.51 bp | 44.8 bp −$45 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.56 | +0.021% | $43K | $48K | 30x | as long as short |
| Bitget COINUSDT | −0.0343% | 8h | 195.64 | +0.062% | $6.3M | $10.5M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0045% | 1h | 194.97 | −0.281% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.44 | −0.042% | $341K | $890K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.55 | +0.016% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.52 | +0.001% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.52 | +0.001% | $1.2M | $7.4M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.51 | −0.004% | $692K | $991K | — | as long as short |
| GRVT COIN_USDT_Perp | +0.0001% | 8h | 195.64 | +0.062% | $15K | $2.9M | 10x | as long as short |
| Extended COIN_24_5-USD | +0.0016% | 1h | 195.51 | −0.004% | $104K | $860K | 10x | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Extended COIN_24_5-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance COINUSDT | +0.0019% | 8h | 195.53 | +0.006% | $15.0M | $82.1M | 20x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.50 | −0.010% | $465K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.73 | +0.108% | $17K | $58K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.41 | −0.056% | $15.1M | $13.0M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.43 | −0.046% | $135K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.48 | −0.020% | $84 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.32 | −0.102% | $450K | $2.8M | 10x | as long as short |
| QFEX COIN-USD | +0.0065% | 1h | 195.50 | −0.010% | $1.3M | $2.9M | 10x | as long as short |
| BloFin COIN-USDT | +0.0077% | 8h | 195.57 | +0.026% | $187K | $434K | 20x | as long as short |
| Lighter COINlong | +0.0088% | 1h | 195.52 | long leg | $364K | $2.3M | 10x | |
| KuCoin COINUSDTMshort | +0.0100% | 8h | 195.42 | −0.051% | $985K | $143K | 20x | |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.41 | −0.056% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.49 | −0.015% | $565 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.52 | +0.002% | $115 | — | 10x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.53 | +0.006% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0443% | 4h | 195.50 | −0.011% | $50K | $296K | 10x | as long as short |
Binance COINUSDT
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
QFEX COIN-USD
BloFin COIN-USDT
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN
edgeX COINUSDC