Funding you earn now, next payment 01:00 UTC−0.0660%/8h= −72.3% APRpaid last 24h −0.191%
Price spread now: KuCoin against Lighter−0.050%7-day average −0.183% · you buy dearer than you sell
Net, funding: paid 7d − costs−$481as in the Funding arb table
Net, price: spread back to 7d avg − costs−$424as in the Price arb table
costs, in and out, $10k−$4374.370% of the position
Funding, last 7 days−0.444%−$44 on $10k
+Price spread, last 4 days (all we have)−0.234%−$23 · spread now −0.050%, 7d avg −0.183%
=Together, before fees−0.678%+ Points / potential airdropLighter: Season 3 · farm board−$68 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.133% dearer against Lighter than usual: you sell high and buy low (spread −0.050% now, against its 7-day average of −0.183%): +$13 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.444% in total) that is about 2.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.444% in total (about -23.2% 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 CC | 0.1191 | 0.0760 | pay 0.0095% / 1h | 1m 20s | $236K | $154K | 5x |
| Short | KuCoin CCUSDTM | 0.1190 | 0.0100 | get 0.0050% / 4h | 3h 01m | $499K | $119K | 50x |
Lighter CC
KuCoin CCUSDTMFunding 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
- −$138.6
- Price spread: −0.050% → −0.183%
- $13.26
- Slippage, 4 orders
- −$424.99
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$562.33
- Costs to cover
- 4.370%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 54 min ago; KuCoin: live order book, 51 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, 54 min ago | 10.54 bp | 34.2 bp −$34 | 384.0 bp −$3,840 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 51 min ago | 20.30 bp | 176.5 bp −$177 | doesn't fit | doesn't fit | doesn't fit |
CC on 19 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 CC/USDC PERP | −0.4522% | 1h | 0.1184 | −0.588% | $6K | $100 | 5.5x | as long as short |
| MEXC CC_USDT | −0.0524% | 4h | 0.1188 | −0.243% | $1.6M | $317K | 100x | as long as short |
| Bybit CCUSDT | −0.0488% | 4h | 0.1187 | −0.378% | $10.8M | $3.8M | 25x | as long as short |
| Paradex CC-USD-PERP | +0.0088% | 8h | 0.1189 | −0.194% | $1K | — | 5x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1192 | +0.052% | $35K | $39K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1186 | −0.420% | $11.2M | $11.6M | 75x | as long as short |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1187 | −0.344% | $2.6M | $3.5M | 20x | as long as short |
| Gate CC_USDT | +0.0100% | 4h | 0.1188 | −0.243% | $366K | $214K | 50x | as long as short |
| KuCoin CCUSDTMshort | +0.0100% | 4h | 0.1190 | −0.050% | $499K | $119K | 50x | |
| Bitget CCUSDT | +0.0100% | 4h | 0.1186 | −0.403% | $934K | $801K | 20x | as long as short |
Injective CC/USDC PERP
MEXC CC_USDT
Bybit CCUSDT
Paradex CC-USD-PERP
Aster CCUSDT
Binance CCUSDT
OKX CC-USDT-SWAP
Gate CC_USDT
Bitget CCUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CC-USDT | +0.0100% | 4h | 0.1186 | −0.445% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERP | +0.0100% | 1h | 0.1188 | −0.210% | $16K | $22K | 10x | as long as short |
| Variational Omni CC | +0.0100% | 4h | 0.1186 | −0.441% | $604K | $55K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1195 | +0.330% | $90K | $2.3M | 10x | as long as short |
| Derive CC-PERP | +0.0100% | 1h | 0.1185 | −0.495% | $6K | $36K | 6.7x | as long as short |
| Hyperliquid CC | +0.0166% | 1h | 0.1192 | +0.046% | $5.6M | $1.4M | 3x | as long as short |
| BloFin CC-USDT | +0.0340% | 4h | 0.1194 | +0.252% | $600K | $103K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0451% / S −0.0241% | 1h | 0.1186 | −0.396% | $44K | — | 50x | as long as short |
| Lighter CClong | +0.0760% | 1h | 0.1191 | long leg | $236K | $154K | 5x |
BingX CC-USDT
Backpack CC_USDC_PERP
Variational Omni CC
GRVT CC_USDT_Perp
Derive CC-PERP
Hyperliquid CC
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]