Funding you earn now, next payment 06:00 UTC−0.0716%/8h= −78.4% APRpaid last 24h −0.030%
Price spread now: KuCoin against Lighter−0.680%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.284%−$28 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 against this trade now: funding costs −$21 a day on $10k at the current rate, and KuCoin is 0.680% cheaper against Lighter than usual: you would sell low and buy high (−$68 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.284% in total (about -14.8% 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 | Lighter TENCENT | 58.226 | 0.0816 | pay 0.0102% / 1h | 11m 07s | $68K | $4K | 10x |
| Short | KuCoin TENCENTUSDTM | 57.830 | 0.0100 | get 0.0050% / 4h | 2h 11m | $123K | $690K | 20x |
Lighter TENCENT
KuCoin TENCENTUSDTMFunding 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
- −$150.36
- Price spread: −0.680% → 0.000%
- −$68.01
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$230.37
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; KuCoin: live order book, 58 min ago. 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 Lighter no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 58 min ago | 8.48 bp | 224.9 bp −$225 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit TENCENTUSDT | 0.0000% | 8h | 57.910 | −0.543% | $254K | $266K | 25x | as long as short |
| Gate TENCENT_USDT | 0.0000% | 8h | 57.920 | −0.526% | $1.7M | $684K | 25x | as long as short |
| Bitget TENCENTUSDT | 0.0000% | 8h | 57.910 | −0.543% | $1.2M | $3.1M | 20x | as long as short |
| HTX TENCENT-USDT | 0.0000% | 4h | 58.000 | −0.388% | $10K | $43K | 10x | as long as short |
| Aster TENCENTUSDT | +0.0005% | 8h | 57.959 | −0.459% | $44K | $12K | 20x | as long as short |
| KuCoin TENCENTUSDTMshort | +0.0100% | 4h | 57.830 | −0.680% | $123K | $690K | 20x | |
| edgeX TENCENTUSDC | +0.0272% | 4h | 57.858 | −0.631% | $119K | $212K | 10x | as long as short |
| Binance TENCENTUSDT | +0.0540% | 4h | 57.940 | −0.491% | $2.9M | $5.2M | 25x | as long as short |
| Lighter TENCENTlong | +0.0816% | 1h | 58.226 | long leg | $68K | $4K | 10x |
Bybit TENCENTUSDT
Gate TENCENT_USDT
Bitget TENCENTUSDT
HTX TENCENT-USDT
Aster TENCENTUSDT
edgeX TENCENTUSDC
Binance TENCENTUSDT