Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.013%
Price spread now: KuCoin against Lighter−0.035%7-day average −0.121% · you buy dearer than you sell
Net, funding: paid 7d − costs−$183as in the Funding arb table
Net, price: spread back to 7d avg − costs−$166as in the Price arb table
costs, in and out, $10k−$1751.748% of the position
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 7 days−0.099%−$10 · spread now −0.035%, 7d avg −0.121%
=Together, before fees−0.185%+ Points / potential airdropLighter: Season 3 · farm board−$19 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: KuCoin is 0.086% dearer against Lighter than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.121%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ETHFI | 0.7107 | 0.0096 | pay 0.0012% / 1h | 28m 16s | $1.1M | $888K | 5x |
| Short | KuCoin ETHFIUSDTM | 0.7104 | 0.0100 | get 0.0050% / 4h | 1h 28m | $1.2M | $253K | 50x |
Lighter ETHFI
KuCoin ETHFIUSDTMFunding 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
- $0.84
- Price spread: −0.035% → −0.121%
- $8.6
- Slippage, 4 orders
- −$162.8
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$165.36
- Costs to cover
- 1.748%
- Break-even
- 1385.0 days
Slippage from Lighter: live order book, 3 min ago; KuCoin: live order book, 7 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, 3 min ago | 8.00 bp | 34.7 bp −$35 | 110.4 bp −$1,104 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 7.74 bp | 48.9 bp −$49 | 149.1 bp −$1,491 | 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 | −0.0454% | 1h | 0.7095 | −0.162% | $40K | $12K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0200% | 4h | 0.7093 | −0.190% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0037% | 4h | 0.7105 | −0.021% | $87K | $168K | 20x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.879% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0074% | 8h | 0.7094 | −0.181% | $6K | — | 5x | as long as short |
| Lighter ETHFIlong | +0.0096% | 1h | 0.7107 | long leg | $1.1M | $888K | 5x | |
| Variational Omni ETHFI | +0.0096% | 4h | 0.7121 | +0.198% | $1.0M | $732K | — | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7104 | −0.031% | $17.7M | $8.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7103 | −0.044% | $181K | $256K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7095 | −0.156% | $24.7M | $35.5M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Variational Omni ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7099 | −0.106% | $17.8M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7101 | −0.077% | $5.0M | $12.2M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7104 | −0.035% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7097 | −0.134% | $15.4M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTMshort | +0.0100% | 4h | 0.7104 | −0.035% | $1.2M | $253K | 50x | |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7094 | −0.176% | $6.1M | $5.3M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7100 | −0.091% | — | $26.0M | — | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7097 | −0.134% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7092 | −0.201% | $99K | $376K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7090 | −0.228% | $8K | — | 3x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0307% | 1h | 0.7099 | −0.099% | $269K | $201K | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7102 | −0.063% | $1.2M | $248K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0512% | 1h | 0.7253 | +2.061% | $32K | $6K | 50x | as long as short |
| Polymarket Perps ETHFI-USD | +0.0524% | 1h | 0.7119 | +0.170% | $71K | $118K | 5x | as long as short |
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
Bitget ETHFIUSDT
BingX ETHFI-USDT
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Kraken Futures PF_ETHFIUSD
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Polymarket Perps ETHFI-USD