Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | LighterOURA | 52.395 | −0.0216 | get 0.0027% / 1h | 19m 17s | $110K | $197K | 5x | Long Lighter7d free |
| SHORT | KuCoinOURAUSDTM | 51.660 | +0.0050 | get 0.0050% / 8h | 5h 19m | $15K | $3.3M | 20x | Short KuCoin |
Price gap−1.403%
Funding gap+0.0266% /8h
Both sides work: funding pays +$8 a day on $10k, and the gap is 0.949% above its 7d average: +$95 more if it goes back.
Funding you earn now+0.0266% /8hpaid last 24h +0.050% · next 11:00 UTC
Price spread now−1.403%7d average −2.352% · you buy dearer than you sell
Net 7d · $10k—Paid 7d +$519h − costs $756 · under 7 days of funding history
Net, price · $10k−$661spread 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)−0.939%−$94 · now −1.403%, avg −2.352%
Together, before fees−0.889%−$89+ 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
KuCoin price against Lighternow
RANGE STATS · 7D
Now−1.403%
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 | long leg | $110K | $197K | 5x | No | 52.395 · long leg · OI $110K · 5x · KYC No | LONG |
| QFEXOURA-USD | −0.0014% · 1h | 1h | 51.430 | −1.842% | $1.1M | $566K | 10x | No | 51.430 · −1.842% · OI $1.1M · 10x · KYC No | longshort |
| OKXOURA-USDT-SWAP | 0.0000% · 8h | 8h | 51.370 | −1.956% | $132K | $1.1M | 20x | Yes | 51.370 · −1.956% · OI $132K · 20x · KYC Yes | longshort |
| GateOURA_USDT | 0.0000% · 8h | 8h | 52.530 | +0.258% | $601K | $391K | 10x | Yes | 52.530 · +0.258% · OI $601K · 10x · KYC Yes | longshort |
| BitgetOURAUSDT | 0.0000% · 8h | 8h | 51.286 | −2.117% | $1.6M | $10.0M | 20x | Yes | 51.286 · −2.117% · OI $1.6M · 20x · KYC Yes | longshort |
| SunXOURA-USDT | 0.0000% · 8h | 8h | 51.220 | −2.243% | — | $2.2M | 10x | No | 51.220 · −2.243% · OI — · 10x · KYC No | longshort |
| HTXOURA-USDT | 0.0000% · 8h | 8h | 51.580 | −1.555% | $11K | $393K | 10x | Limited | 51.580 · −1.555% · OI $11K · 10x · KYC Limited | longshort |
| tradeXYZxyz:OURA | +0.0001% · 1h | 1h | 51.325 | −2.042% | $226K | $1.0M | 5x | No | 51.325 · −2.042% · OI $226K · 5x · KYC No | longshort |
| BloFinOURA-USDT | +0.0042% · 8h | 8h | 51.480 | −1.746% | $46K | $26K | 20x | Limited | 51.480 · −1.746% · OI $46K · 20x · KYC Limited | longshort |
| AsterOURAUSD1 | +0.0050% · 8h | 8h | 51.146 | −2.384% | $101K | $73K | 20x | No | 51.146 · −2.384% · OI $101K · 20x · KYC No | longshort |
| BinanceOURAUSDT | +0.0050% · 8h | 8h | 51.435 | −1.832% | $811K | $3.4M | 20x | Yes | 51.435 · −1.832% · OI $811K · 20x · KYC Yes | longshort |
| KuCoinOURAUSDTM | +0.0050% · 8h | 8h | 51.660 | −1.403% | $15K | $3.3M | 20x | Yes | 51.660 · −1.403% · OI $15K · 20x · KYC Yes | SHORT |
Before you open
2 ok · 4 to watch- Watch: Thin at this size65.9 / 435.8 bpAt $10k KuCoin’s book costs 435.8 bp to enter, 6.6× Lighter’s.
- Note: Margin at max leverage$2,000 + $500Lighter 5x, KuCoin 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$7.98Long Lighter: 24 payments, +$6.48; short KuCoin: 3 payments, +$1.50.
- OK: Entry gap works for you−1.403% vs −2.352%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short 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: KYCLighter No · KuCoin YesStandard 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−1.403% → −2.352% (7d avg)+$94.90
Slippage, 4 orderslive order books−$743.64
Fee Lighter bp × 2 orders$0.00
Fee KuCoin bp × 2 orders−$12.00
Net · 7 days · $10k−$615.59
Costs to cover7.556%Break-even102.4 days
Slippage: Lighter: live order book, 10 min ago; KuCoin: live order book, 15 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter15.1765.9 bp−$66210.6 bp−$2,106doesn’t fitdoesn’t fit
SELL · SHORTKuCoin39.69435.8 bp−$436doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.