Funding you earn now, next payment 04:00 UTC+0.0500%/8h= +54.7% APRpaid last 24h +0.020%
Price spread now: Lighter against KuCoin+0.499%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.274%+$27 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Lighter is 0.499% dearer against KuCoin than usual: you sell high and buy low: +$50 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.274% in total (about 14.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TENCENTUSDTM | 58.360 | 0.0100 | pay 0.0050% / 4h | 12m 57s | $125K | $686K | 20x |
| Short | Lighter TENCENT | 58.651 | 0.0600 | get 0.0075% / 1h | 12m 57s | $68K | $4K | 10x |
KuCoin TENCENTUSDTM
Lighter TENCENTFunding 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
- $105
- Price spread: +0.499% → 0.000%
- $49.86
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $142.86
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: KuCoin: live order book, 1 min ago; Lighter: no order-book sample. Net counts fees only.
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, 1 min ago | 6.85 bp | 278.5 bp −$278 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter no order-book sample | — | — | — | — | — |
Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
TENCENT on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TENCENTUSDT | 0.0000% | 8h | 58.503 | +0.245% | $46K | $11K | 20x | as long as short |
| Binance TENCENTUSDT | 0.0000% | 4h | 58.510 | +0.257% | $2.8M | $4.3M | 25x | as long as short |
| Bybit TENCENTUSDT | 0.0000% | 8h | 58.490 | +0.223% | $246K | $253K | 25x | as long as short |
| Gate TENCENT_USDT | 0.0000% | 8h | 58.500 | +0.240% | $1.7M | $627K | 25x | as long as short |
| Bitget TENCENTUSDT | 0.0000% | 8h | 58.430 | +0.120% | $1.2M | $2.9M | 20x | as long as short |
| HTX TENCENT-USDT | 0.0000% | 4h | 58.630 | +0.463% | $10K | $41K | 10x | as long as short |
| KuCoin TENCENTUSDTMlong | +0.0100% | 4h | 58.360 | long leg | $125K | $686K | 20x | |
| Lighter TENCENTshort | +0.0600% | 1h | 58.651 | +0.499% | $68K | $4K | 10x | |
| edgeX TENCENTUSDC | +0.0629% | 4h | 58.580 | +0.377% | $121K | $212K | 10x | as long as short |
Aster TENCENTUSDT
Binance TENCENTUSDT
Bybit TENCENTUSDT
Gate TENCENT_USDT
Bitget TENCENTUSDT
HTX TENCENT-USDT
edgeX TENCENTUSDC