Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | KuCoinOURAUSDTM | 51.660 | +0.0050 | pay 0.0050% / 8h | 5h 19m | $15K | $3.3M | 20x | Long KuCoin |
| SHORT | LighterOURA | 52.395 | −0.0216 | pay 0.0027% / 1h | 19m 18s | $110K | $197K | 5x | Short Lighter7d free |
Price gap+1.423%
Funding gap−0.0266% /8h
Both sides work against this direction now: funding costs $8 a day on $10k and the gap is 0.929% under its 7d average. Swap the legs.
Funding you earn now−0.0266% /8hpaid last 24h −0.050% · next 11:00 UTC
Price spread now+1.423%7d average +2.352% · you sell dearer than you buy
Net 7d · $10k—Paid 7d −$519h − costs $756 · under 7 days of funding history
Net, price · $10k−$849spread back to 7d avg − costs · as in Price arb
Costs, in and out · $10k−$7567.556% of a $10k position
Funding, last
19 hours, all we have−0.050%−$5 on $10kPrice spread, last 18 hours of 7D (all we have)+0.919%+$92 · now +1.423%, avg +2.352%
Together, before fees+0.869%+$87+ Points / potential airdropLighter: Season 3 · farm boardWith fees, hour by hour → backtest
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Lighter price against KuCoinnow
RANGE STATS · 7D
Now+1.423%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hOURA on 12 exchanges
lowest funding first| Exchange | Funding /8h | Every | Price | vs long leg | OI | Vol 24h | Lev | KYC | Use as | |
|---|---|---|---|---|---|---|---|---|---|---|
| LighterOURA | −0.0216% · 1h | 1h | 52.395 | +1.423% | $110K | $197K | 5x | No | 52.395 · +1.423% · OI $110K · 5x · KYC No | SHORT |
| QFEXOURA-USD | −0.0014% · 1h | 1h | 51.430 | −0.445% | $1.1M | $566K | 10x | No | 51.430 · −0.445% · OI $1.1M · 10x · KYC No | longshort |
| OKXOURA-USDT-SWAP | 0.0000% · 8h | 8h | 51.370 | −0.561% | $132K | $1.1M | 20x | Yes | 51.370 · −0.561% · OI $132K · 20x · KYC Yes | longshort |
| GateOURA_USDT | 0.0000% · 8h | 8h | 52.530 | +1.684% | $601K | $391K | 10x | Yes | 52.530 · +1.684% · OI $601K · 10x · KYC Yes | longshort |
| BitgetOURAUSDT | 0.0000% · 8h | 8h | 51.286 | −0.724% | $1.6M | $10.0M | 20x | Yes | 51.286 · −0.724% · OI $1.6M · 20x · KYC Yes | longshort |
| SunXOURA-USDT | 0.0000% · 8h | 8h | 51.220 | −0.852% | — | $2.2M | 10x | No | 51.220 · −0.852% · OI — · 10x · KYC No | longshort |
| HTXOURA-USDT | 0.0000% · 8h | 8h | 51.580 | −0.155% | $11K | $393K | 10x | Limited | 51.580 · −0.155% · OI $11K · 10x · KYC Limited | longshort |
| tradeXYZxyz:OURA | +0.0001% · 1h | 1h | 51.325 | −0.648% | $226K | $1.0M | 5x | No | 51.325 · −0.648% · OI $226K · 5x · KYC No | longshort |
| BloFinOURA-USDT | +0.0042% · 8h | 8h | 51.480 | −0.348% | $46K | $26K | 20x | Limited | 51.480 · −0.348% · OI $46K · 20x · KYC Limited | longshort |
| AsterOURAUSD1 | +0.0050% · 8h | 8h | 51.146 | −0.995% | $101K | $73K | 20x | No | 51.146 · −0.995% · OI $101K · 20x · KYC No | longshort |
| BinanceOURAUSDT | +0.0050% · 8h | 8h | 51.435 | −0.435% | $811K | $3.4M | 20x | Yes | 51.435 · −0.435% · OI $811K · 20x · KYC Yes | longshort |
| KuCoinOURAUSDTM | +0.0050% · 8h | 8h | 51.660 | long leg | $15K | $3.3M | 20x | Yes | 51.660 · long leg · OI $15K · 20x · KYC Yes | LONG |
Before you open
1 ok · 5 to watch- Watch: Thin at this size238.8 / 15.2 bpAt $10k KuCoin’s book costs 238.8 bp to enter, 15.7× Lighter’s.
- Note: Margin at max leverage$500 + $2,000KuCoin 20x, Lighter 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$7.98Long KuCoin: 3 payments, −$1.50; short Lighter: 24 payments, −$6.48.
- Watch: Gap narrower than usual+1.423% vs +2.352%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$15K vs $110K OIKuCoin sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- Watch: KYCKuCoin Yes · Lighter NoStandard KYC (ID and face check) for any product since Aug 2023.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0215%/8h × 21 periods−$45.15
Price spread+1.423% → +2.352% (7d avg)−$92.90
Slippage, 4 orderslive order books−$743.64
Fee KuCoin bp × 2 orders−$12.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$893.69
Costs to cover7.556%Break-evennever at this rate
Slippage: KuCoin: live order book, 15 min ago; Lighter: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKuCoin39.69238.8 bp−$239doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTLighter15.1715.2 bp−$1599.6 bp−$996doesn’t fitdoesn’t fit
Closing costs about the same again.