Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against KuCoin+0.141%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$620as in the Funding arb table
Net, price: spread back to 7d avg − costs−$610as in the Price arb table
costs, in and out, $10k−$6196.193% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.141%, 7d avg +0.053%
=Together, before fees−0.079%+ Points / potential airdropLighter: Season 3 · farm board−$8 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 0.088% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PYTHUSDTM | 0.06363 | 0.0100 | pay 0.0050% / 4h | 1h 49m | $1.5M | $351K | 50x |
| Short | Lighter PYTH | 0.06372 | 0.0096 | get 0.0012% / 1h | 49m 52s | $192K | $215K | 5x |
KuCoin PYTHUSDTM
Lighter PYTHFunding 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: +0.141% → +0.053%
- $8.83
- Slippage, 4 orders
- −$607.27
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$611.28
- Costs to cover
- 6.193%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 6 min ago; Lighter: live order book, 40 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, 6 min ago | 11.01 bp | 299.1 bp −$299 | 912.8 bp −$9,128 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 40 min ago | 0.80 bp | 13.3 bp −$13 | 78.4 bp −$784 | doesn't fit | doesn't fit |
PYTH on 23 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 PYTH_USDC-PERPETUAL | −0.0064% | 1h | 0.06369 | +0.094% | $10K | $10K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06359 | −0.064% | $189K | $19 | 5x | as long as short |
| Gate PYTH_USDT | +0.0006% | 4h | 0.06358 | −0.079% | $1.0M | $531K | 75x | as long as short |
| MEXC PYTH_USDT | +0.0010% | 4h | 0.06362 | −0.016% | $10.6M | $2.7M | 125x | as long as short |
| Binance PYTHUSDT | +0.0011% | 4h | 0.06362 | −0.010% | $9.0M | $19.1M | 75x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.619% | $553 | $220K | 5.5x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0048% | 1h | 0.06376 | +0.203% | $38K | $64K | 10x | as long as short |
| BloFin PYTH-USDT | +0.0062% | 4h | 0.06353 | −0.157% | $428K | $77K | 75x | as long as short |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06365 | +0.038% | $23K | — | 3x | as long as short |
| Lighter PYTHshort | +0.0096% | 1h | 0.06372 | +0.141% | $192K | $215K | 5x |
Deribit PYTH_USDC-PERPETUAL
dYdX PYTH-USD
Gate PYTH_USDT
MEXC PYTH_USDT
Binance PYTHUSDT
Injective PYTH/USDC PERP
Backpack PYTH_USDC_PERP
BloFin PYTH-USDT
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06358 | −0.083% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06374 | +0.173% | $2.3M | $2.0M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06368 | +0.079% | $19K | $46K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06365 | +0.031% | $7.5M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06364 | +0.016% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTMlong | +0.0100% | 4h | 0.06363 | long leg | $1.5M | $351K | 50x | |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06366 | +0.047% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06362 | −0.016% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06349 | −0.221% | $40K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06364 | +0.022% | $2K | $2K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0130% | 1h | 0.06373 | +0.154% | $387K | $294K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06365 | +0.035% | — | — | 20x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0368% | 1h | 0.06427 | +1.006% | $40K | $19K | 25x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP
Coinbase International PYTH-PERP-INTX