Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h +0.003%

Price spread now: Lighter against KuCoin+0.010%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1691.685% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.210%, 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	KuCoin LITEUSDTM	945.43	0.0100	pay 0.0100% / 8h	3h 03m	$520K	$43K	20x
Short	Lighter LITE	945.52	0.0032	get 0.0004% / 1h	3m 58s	$25K	$104K	10x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee LighterbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$14.28
Price spread: +0.010% → 0.000%: $0.95
Slippage, 4 orders: −$156.5
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$181.83
Costs to cover: 1.685%
Break-even: never at this rate

Slippage from KuCoin: live order book, 69 min ago; Lighter: live order book, 30 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, 69 min ago	12.35 bp	53.9 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 30 min ago	0.84 bp	1.9 bp −$2	4.9 bp −$49	doesn't fit	doesn't fit

LITE on 27 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 LITEUSDT	−0.0409%	8h	945.64	+0.022%	$2.6M	$3.0M	20x	as long as short
Coinbase International LITE-PERP-INTX	−0.0224%	1h	946.46	+0.109%	$99K	$202K	10x	as long as short
QFEX LITE-USD	−0.0002%	1h	945.57	+0.015%	$1.1M	$3.5M	10x	as long as short
Aster LITEUSDT	0.0000%	8h	945.59	+0.017%	$106K	$17K	20x	as long as short
Extended LITE-USD	0.0000%	1h	945.50	+0.008%	$17K	$205K	10x	as long as short
Binance LITEUSDT	0.0000%	8h	945.79	+0.038%	$12.2M	$47.5M	25x	as long as short
Bybit LITEUSDT	0.0000%	8h	945.54	+0.012%	$1.8M	$1.7M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	945.83	+0.042%	$3.7M	$17.6M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	946.44	+0.107%	$7.9M	$6.3M	50x	as long as short
Variational Omni LITE	0.0000%	8h	945.67	+0.026%	$260K	$154K	—	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LITE_USDT_Perp	0.0000%	8h	944.69	−0.078%	$387	$184K	10x	as long as short
SunX LITE-USDT	0.0000%	8h	945.90	+0.050%	$731	$3.8M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	946.08	+0.069%	$7K	$31K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	946.25	+0.087%	$1.5M	$706K	10x	as long as short
BloFin LITE-USDT	+0.0010%	8h	945.59	+0.017%	$220K	$234K	20x	as long as short
Lighter LITEshort	+0.0032%	1h	945.52	+0.010%	$25K	$104K	10x
Vest LITE-USD-PERP	+0.0046%	1h	945.03	−0.042%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	946.13	+0.074%	$73K	$228K	10x	as long as short
SoDEX LITE-USD	+0.0050%	1h	945.63	+0.021%	$23K	$9K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	945.65	+0.023%	$33K	$316K	10x	as long as short
tradeXYZ xyz:LITE	+0.0063%	1h	945.74	+0.033%	$7.2M	$5.6M	10x	as long as short
KuCoin LITEUSDTMlong	+0.0100%	8h	945.43	long leg	$520K	$43K	20x
ApeX Omni LITEUSDT	+0.0100%	1h	944.46	−0.103%	$16K	$266K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	945.50	+0.007%	$919	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	945.22	−0.022%	—	—	10x	as long as short
Deribit LITE_USDC-PERPETUAL	+0.0110%	1h	945.49	+0.006%	$18K	$39K	10x	as long as short
edgeX LITEUSDC	+0.0932%	4h	945.22	−0.022%	$61K	$457K	10x	as long as short