Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.011%
Price spread now: Lighter against KuCoin+0.095%7-day average +0.118% · you sell dearer than you buy
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1551.547% of the position
Funding, last 7 days+0.086%+$9 on $10k
+Price spread, last 7 days−0.198%−$20 · spread now +0.095%, 7d avg +0.118%
=Together, before fees−0.112%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.022% cheaper against KuCoin than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.118%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ETHFIUSDTM | 0.6925 | 0.0100 | pay 0.0050% / 4h | 1h 29m | $1.2M | $229K | 50x |
| Short | Lighter ETHFI | 0.6932 | 0.0096 | get 0.0012% / 1h | 29m 03s | $1.1M | $829K | 5x |
KuCoin ETHFIUSDTM
Lighter ETHFIFunding 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
- −$0.84
- Price spread: +0.095% → +0.118%
- −$2.23
- Slippage, 4 orders
- −$142.73
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$157.8
- Costs to cover
- 1.547%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 6 min ago; Lighter: live order book, 7 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, 6 min ago | 7.22 bp | 61.4 bp −$61 | 173.4 bp −$1,734 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 5.76 bp | 33.7 bp −$34 | 98.3 bp −$983 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0471% | 1h | 0.6928 | +0.043% | $40K | $11K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0422% | 4h | 0.6923 | −0.029% | $82K | $175K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0281% | 4h | 0.6927 | +0.029% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0154% | 4h | 0.6927 | +0.033% | $920K | $778K | — | as long as short |
| Binance ETHFIUSDT | −0.0034% | 4h | 0.6922 | −0.039% | $24.0M | $36.2M | 75x | as long as short |
| MEXC ETHFI_USDT | −0.0034% | 4h | 0.6923 | −0.029% | $15.7M | $4.2M | 125x | as long as short |
| Extended ETHFI-USD | −0.0032% | 1h | 0.6925 | −0.006% | $94K | $506K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0018% | 8h | 0.6930 | +0.079% | $6K | — | 5x | as long as short |
| Bybit ETHFIUSDT | −0.0017% | 4h | 0.6926 | +0.014% | $17.2M | $13.1M | 25x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.549% | $321 | $51K | 5.5x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Binance ETHFIUSDT
MEXC ETHFI_USDT
Extended ETHFI-USD
Paradex ETHFI-USD-PERP
Bybit ETHFIUSDT
Injective ETHFI/USDC PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0072% | 1h | 0.6924 | −0.016% | $8K | — | 3x | as long as short |
| Lighter ETHFIshort | +0.0096% | 1h | 0.6932 | +0.095% | $1.1M | $829K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6927 | +0.030% | $16.6M | $8.7M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6929 | +0.062% | $177K | $262K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6929 | +0.058% | $5.1M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6933 | +0.116% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTMlong | +0.0100% | 4h | 0.6925 | long leg | $1.2M | $229K | 50x | |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6922 | −0.043% | $6.0M | $5.0M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.6926 | +0.014% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6933 | +0.116% | $52K | $149K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6932 | +0.101% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0206% | 4h | 0.6934 | +0.130% | $1.2M | $239K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0328% | 1h | 0.7066 | +2.036% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.1696% | 1h | 0.6938 | +0.182% | $289K | $296K | 20x | as long as short |
Aevo ETHFI-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD