Funding you earn now, next payment 07:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.019%
Price spread now: KuCoin against Lighter−0.049%7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$152as in the Price arb table
costs, in and out, $10k−$1421.425% of the position
Funding, last 7 days+0.125%+$12 on $10k
+Price spread, last 7 days+0.048%+$5 · spread now −0.049%, 7d avg +0.046%
=Together, before fees+0.172%+ Points / potential airdropLighter: Season 3 · farm board+$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and KuCoin is 0.095% cheaper against Lighter than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.046%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.125%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter COIN | 195.81 | 0.0112 | pay 0.0014% / 1h | 24m 27s | $364K | $2.3M | 10x |
| Short | KuCoin COINUSDTM | 195.71 | 0.0100 | get 0.0100% / 8h | 1h 24m | $986K | $136K | 20x |
Lighter COIN
KuCoin COINUSDTMFunding 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
- −$2.52
- Price spread: −0.049% → +0.046%
- −$9.51
- Slippage, 4 orders
- −$130.48
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$154.51
- Costs to cover
- 1.425%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 12 min ago; KuCoin: live order book, 55 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, 12 min ago | 0.10 bp | 0.3 bp $0 | 4.5 bp −$45 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 55 min ago | 18.42 bp | 37.5 bp −$38 | doesn't fit | 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 | −0.0693% | 8h | 196.00 | +0.099% | $6.3M | $10.6M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.60 | −0.105% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0099% | 1h | 195.34 | −0.238% | — | $322K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.72 | −0.044% | $341K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.83 | +0.014% | $116K | $790K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 195.89 | +0.043% | $15.0M | $82.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.90 | +0.048% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.03 | +0.114% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.87 | +0.033% | $1.2M | $7.4M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.90 | +0.048% | $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 | −0.049% | $12K | $2.7M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.79 | −0.008% | $461K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.82 | +0.007% | $15K | $54K | 5x | as long as short |
| QFEX COIN-USD | +0.0045% | 1h | 195.85 | +0.022% | $1.3M | $2.9M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.74 | −0.034% | $15.2M | $13.2M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.77 | −0.018% | $130K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.93 | +0.063% | $80 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.67 | −0.069% | $444K | $2.8M | 10x | as long as short |
| KuCoin COINUSDTMshort | +0.0100% | 8h | 195.71 | −0.049% | $986K | $136K | 20x | |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.53 | −0.141% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.93 | +0.063% | $567 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.95 | +0.072% | $116 | — | 10x | as long as short |
| Lighter COINlong | +0.0112% | 1h | 195.81 | long leg | $364K | $2.3M | 10x | |
| BloFin COIN-USDT | +0.0120% | 8h | 195.99 | +0.094% | $187K | $425K | 20x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.47 | −0.172% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0357% | 4h | 195.66 | −0.075% | $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