Funding you earn now, next payment 07:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.019%
Price spread now: Lighter against KuCoin+0.041%7-day average −0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$155as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1431.429% of the position
Funding, last 7 days−0.125%−$12 on $10k
+Price spread, last 7 days−0.040%−$4 · spread now +0.041%, 7d avg −0.046%
=Together, before fees−0.164%+ Points / potential airdropLighter: Season 3 · farm board−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Lighter is 0.087% dearer against KuCoin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.046%. Mind the row above: over the last 7 days funding on this pair cost −0.125%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin COINUSDTM | 195.78 | 0.0100 | pay 0.0100% / 8h | 1h 23m | $987K | $136K | 20x |
| Short | Lighter COIN | 195.86 | 0.0112 | get 0.0014% / 1h | 23m 03s | $364K | $2.3M | 10x |
KuCoin COINUSDTM
Lighter COINFunding 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
- $2.52
- Price spread: +0.041% → −0.046%
- $8.69
- Slippage, 4 orders
- −$130.93
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$131.72
- Costs to cover
- 1.429%
- Break-even
- 372.9 days
Slippage from KuCoin: live order book, 56 min ago; Lighter: live order book, 4 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, 56 min ago | 18.42 bp | 104.0 bp −$104 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 0.49 bp | 0.9 bp −$1 | 1.7 bp −$17 | doesn't fit | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0684% | 8h | 196.11 | +0.169% | $6.4M | $10.6M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.85 | +0.036% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0097% | 1h | 195.42 | −0.184% | — | $322K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.76 | −0.009% | $342K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.96 | +0.091% | $116K | $790K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.02 | +0.121% | $15.0M | $82.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.93 | +0.077% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.99 | +0.107% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.98 | +0.102% | $1.2M | $7.4M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.90 | +0.062% | $711K | $973K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.71 | −0.036% | $12K | $2.7M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.85 | +0.036% | $461K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.90 | +0.061% | $15K | $54K | 5x | as long as short |
| QFEX COIN-USD | +0.0045% | 1h | 195.90 | +0.061% | $1.3M | $2.9M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.84 | +0.031% | $15.2M | $13.2M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.84 | +0.031% | $130K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.95 | +0.087% | $74 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.80 | +0.010% | $444K | $2.8M | 10x | as long as short |
| KuCoin COINUSDTMlong | +0.0100% | 8h | 195.78 | long leg | $987K | $136K | 20x | |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.53 | −0.128% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.88 | +0.051% | $566 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.96 | +0.092% | $116 | — | 10x | as long as short |
| Lighter COINshort | +0.0112% | 1h | 195.86 | +0.041% | $364K | $2.3M | 10x | |
| BloFin COIN-USDT | +0.0120% | 8h | 196.01 | +0.117% | $187K | $427K | 20x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.80 | +0.010% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0357% | 4h | 195.66 | −0.061% | $50K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
Arcus COIN-USD
QFEX COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC