Funding you earn now, next payment 03:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h −0.015%
Price spread now: KuCoin against Lighter RH−0.002%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$140.141% of the position
Funding, last 7 days−0.085%−$9 on $10k
+Price spread, last 7 days+0.017%+$2 · spread now −0.002%, 7d avg −0.011%
=Together, before fees−0.069%+ Points / potential airdropLighter RH: Points live · farm board−$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BTC | 85,691.7 | 0.0096 | pay 0.0012% / 1h | 2m 52s | $23.9M | $149.8M | 50x |
| Short | KuCoin XBTUSDTM | 85,690 | 0.0001 | get 0.0001% / 8h | 5h 02m | $920.3M | $751.6M | 125x |
Lighter RH BTC
KuCoin XBTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Lighter RH. 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
- −$19.95
- Price spread: −0.002% → −0.011%
- $0.9
- Slippage, 4 orders
- −$2.07
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$33.12
- Costs to cover
- 0.141%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 6 min ago; KuCoin: live order book, 6 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 RH live order book, 6 min ago | 0.48 bp | 0.6 bp −$1 | 0.9 bp −$9 | 3.3 bp −$332 | 25.0 bp −$12.5K |
| Sell KuCoin live order book, 6 min ago | 0.01 bp | 6.5 bp −$6 | 7.0 bp −$70 | 8.3 bp −$828 | doesn't fit |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0416% | 1h | 85,721 | +0.034% | $195K | $725K | 40x | as long as short |
| Phoenix BTC | −0.0160% | 1h | 85,635 | −0.066% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,657 | −0.040% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 85,664.5 | −0.032% | $369K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0033% | 8h | 85,673.8 | −0.021% | $417.2M | $665.2M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,668.5 | −0.027% | $16.7M | $21.2M | 50x | as long as short |
| KuCoin XBTUSDTMshort | +0.0001% | 8h | 85,690 | −0.002% | $920.3M | $751.6M | 125x | |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,694 | +0.003% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0016% | 8h | 85,708.5 | +0.020% | $516.5M | $1.10B | 200x | as long as short |
| Nado BTC-PERP | +0.0018% | 1h | 85,658.7 | −0.039% | $22.6M | $219.5M | 50x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Nado BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0058% | 8h | 85,704 | +0.014% | — | $17.0M | — | as long as short |
| Bitget BTCUSDT | +0.0072% | 8h | 85,697.4 | +0.007% | $2.96B | $5.01B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0074% | 1h | 85,679.5 | −0.014% | $6.7M | $146.6M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,688 | −0.004% | $340K | $26.9M | 52x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,671 | −0.024% | $2.5M | $1.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0087% | 8h | 85,717.5 | +0.030% | $9.34B | $23.95B | 150x | as long as short |
| MEXC BTC_USDT | +0.0087% | 8h | 85,712.2 | +0.024% | $5.06B | $5.66B | 500x | as long as short |
| SoDEX BTC-USD | +0.0088% | 1h | 85,674 | −0.021% | $60.0M | $336.1M | 40x | as long as short |
| HTX BTC-USDT | +0.0090% | 8h | 85,663.5 | −0.033% | $2.27B | $936.1M | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,684.5 | −0.008% | $174.2M | $1.01B | 50x | as long as short |
| Lighter RH BTClong | +0.0096% | 1h | 85,691.7 | long leg | $23.9M | $149.8M | 50x | |
| Popdex BTCUSDT | +0.0096% | 1h | 85,666 | −0.030% | $8.4M | $52.4M | 100x | as long as short |
| Phemex BTCUSDT | +0.0099% | 8h | 85,682.5 | −0.011% | $149.7M | $481.1M | 150x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,669.1 | −0.026% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,633 | −0.069% | $197K | $7.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,759 | +0.079% | $3.75B | $4.97B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,675 | −0.019% | $40.1M | $576.5M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,723.8 | +0.037% | $5.33B | $9.58B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,737 | +0.053% | $2.58B | $12.10B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,632 | −0.070% | $4.0M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,630.4 | −0.072% | $6.8M | $97.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,720.4 | +0.033% | $5.55B | $10.59B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,670.7 | −0.025% | $35.9M | $174.3M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,642.7 | −0.057% | $156.8M | $560.7M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,634.2 | −0.067% | $279.7M | $919.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,643.7 | −0.056% | $215.1M | $164.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,661.1 | −0.036% | $140.0M | $314.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,646 | −0.053% | $30.3M | $208.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,721.2 | +0.034% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,682 | −0.011% | $11.1M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,684.3 | −0.009% | $192K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,676.2 | −0.018% | $2.4M | $8.7M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,673.9 | −0.021% | $30.0M | $51.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,643.2 | −0.057% | $2.9M | $6.1M | 100x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,642.1 | −0.058% | $641.7M | $524.8M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,676 | −0.018% | $44.3M | $226.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,678.6 | −0.015% | — | $106.2M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,707 | +0.018% | $122.7M | $5.11B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,681.1 | −0.012% | $8.4M | $42.3M | 25x | as long as short |
| Deribit BTC-PERPETUAL | +0.0138% | 1h | 85,716.3 | +0.029% | $891.5M | $1.53B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,693.5 | +0.002% | $188.9M | $953.6M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 85,681.4 | −0.012% | $702K | $7.8M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0202% / S −0.0177% | 1h | 85,690.5 | −0.001% | $13.5M | — | 200x | as long as short |
| Aftermath Perps BTCUSD | +0.0207% | 1h | 85,716.5 | +0.029% | $78K | $219K | 20x | as long as short |
| Kalshi KXBTCPERP | +0.0219% | 8h | 85,700 | +0.010% | $10.7M | $759.5M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,681.1 | −0.012% | $500K | $19.0M | 6.7x | as long as short |
BingX BTC-USDC
Bitget BTCUSDT
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Aevo BTC-PERP
Binance BTCUSDT
MEXC BTC_USDT
SoDEX BTC-USD
HTX BTC-USDT
Lighter BTC
Popdex BTCUSDT
Phemex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
RISEx BTC/USDC
Deribit BTC-PERPETUAL
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Aftermath Perps BTCUSD
Kalshi KXBTCPERP
Perpl BTC