Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.004%

Price spread now: KuCoin against Lighter+0.134%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.134% dearer against Lighter than usual: you sell high and buy low, +$13 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter EDGE	0.5979	0.0096	pay 0.0012% / 1h	27m 12s	$44K	$22K	3x
Short	KuCoin EDGEUSDTM	0.5987	0.0100	get 0.0050% / 4h	1h 27m	$2.1M	$2.2M	50x

Funding 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 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 LighterbpFee KuCoinbpOrdersPrice spread, now +0.134%Rate

Funding earned: $0.84
Price spread: +0.134% → 0.000%: $13.38
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $2.22
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; KuCoin: live order book, 9 min ago. Net counts fees only.

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 no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 9 min ago	4.17 bp	322.3 bp −$322	919.5 bp −$9,195	doesn't fit	doesn't fit

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

EDGE on 17 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
Backpack EDGE_USDC_PERP	−0.0448%	1h	0.5991	+0.202%	$59K	$120K	3.3x	as long as short
Lighter EDGElong	+0.0096%	1h	0.5979	long leg	$44K	$22K	3x
Bybit EDGEUSDT	+0.0100%	4h	0.5983	+0.067%	$7.2M	$3.4M	25x	as long as short
KuCoin EDGEUSDTMshort	+0.0100%	4h	0.5987	+0.134%	$2.1M	$2.2M	50x
Bitget EDGEUSDT	+0.0100%	4h	0.5992	+0.217%	$4.8M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5970	−0.143%	$188K	$144K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5980	+0.025%	$9K	$3.0M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5979	0.000%	$9K	$295K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5945	−0.569%	$4K	$642K	10x	as long as short
Aster EDGEUSDT	+0.0279%	4h	0.5988	+0.149%	$53K	$156K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EDGE-USDT-SWAP	+0.0419%	4h	0.5995	+0.268%	$3.7M	$6.1M	20x	as long as short
edgeX EDGEUSDC	+0.0439%	4h	0.5977	−0.027%	$14.3M	$3.7M	30x	as long as short
Extended EDGE-USD	+0.0440%	1h	0.5991	+0.202%	$29K	$81K	5x	as long as short
Binance EDGEUSDT	+0.0444%	4h	0.5993	+0.239%	$10.3M	$10.8M	50x	as long as short
MEXC EDGE_USDT	+0.0446%	4h	0.5991	+0.201%	$1.1M	$802K	50x	as long as short
BloFin EDGE-USDT	+0.0461%	4h	0.5989	+0.167%	$666K	$106K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0612%	4h	0.5989	+0.167%	$2K	$1K	10x	as long as short