Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.010%
Price spread now: Lighter against KuCoin+0.006%7-day average +0.118% · you sell dearer than you buy
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1331.327% of the position
Funding, last 7 days+0.086%+$9 on $10k
+Price spread, last 7 days−0.111%−$11 · spread now +0.006%, 7d avg +0.118%
=Together, before fees−0.025%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.112% cheaper against KuCoin than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.118%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ETHFIUSDTM | 0.6960 | 0.0100 | pay 0.0050% / 4h | 4m 35s | $1.2M | $217K | 50x |
| Short | Lighter ETHFI | 0.6960 | 0.0096 | get 0.0012% / 1h | 4m 35s | $1.1M | $828K | 5x |
KuCoin ETHFIUSDTM
Lighter ETHFIFunding 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
- −$0.84
- Price spread: +0.006% → +0.118%
- −$11.24
- Slippage, 4 orders
- −$120.67
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$144.75
- Costs to cover
- 1.327%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 10 min ago; Lighter: live order book, 1 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 KuCoin live order book, 10 min ago | 6.47 bp | 56.6 bp −$57 | 171.5 bp −$1,715 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 1 min ago | 4.95 bp | 17.6 bp −$18 | 98.5 bp −$985 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0468% | 1h | 0.6959 | −0.014% | $41K | $12K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0413% | 4h | 0.6949 | −0.158% | $82K | $149K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0285% | 4h | 0.6956 | −0.057% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0233% | 4h | 0.6951 | −0.128% | $916K | $785K | — | as long as short |
| Paradex ETHFI-USD-PERP | −0.0109% | 8h | 0.6951 | −0.127% | $6K | — | 5x | as long as short |
| Bybit ETHFIUSDT | −0.0103% | 4h | 0.6950 | −0.144% | $17.1M | $12.9M | 25x | as long as short |
| Binance ETHFIUSDT | −0.0002% | 4h | 0.6949 | −0.158% | $24.2M | $35.9M | 75x | as long as short |
| Extended ETHFI-USD | 0.0000% | 1h | 0.6948 | −0.168% | $94K | $503K | 10x | as long as short |
| MEXC ETHFI_USDT | 0.0000% | 4h | 0.6950 | −0.144% | $15.7M | $4.2M | 125x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.023% | $321 | $51K | 5.5x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Bybit ETHFIUSDT
Binance ETHFIUSDT
Extended ETHFI-USD
MEXC ETHFI_USDT
Injective ETHFI/USDC PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6960 | 0.000% | $8K | — | 3x | as long as short |
| Lighter ETHFIshort | +0.0096% | 1h | 0.6960 | +0.006% | $1.1M | $828K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6965 | +0.068% | $16.7M | $8.7M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6951 | −0.128% | $178K | $253K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6954 | −0.086% | $5.1M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6955 | −0.072% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTMlong | +0.0100% | 4h | 0.6960 | long leg | $1.2M | $217K | 50x | |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6950 | −0.144% | $6.1M | $4.7M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.6952 | −0.115% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6966 | +0.089% | $52K | $149K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6956 | −0.057% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0238% | 4h | 0.6954 | −0.086% | $1.2M | $241K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0272% | 1h | 0.6990 | +0.431% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0820% | 1h | 0.6972 | +0.167% | $291K | $283K | 20x | as long as short |
Aevo ETHFI-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD