Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.010%
Price spread now: KuCoin against Lighter−0.078%7-day average −0.118% · you buy dearer than you sell
Net, funding: paid 7d − costs−$164as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1561.555% of the position
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 7 days+0.184%+$18 · spread now −0.078%, 7d avg −0.118%
=Together, before fees+0.097%+ Points / potential airdropLighter: Season 3 · farm board+$10 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: KuCoin is 0.040% dearer against Lighter than usual: you sell high and buy low, +$4 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 | Lighter ETHFI | 0.6933 | 0.0096 | pay 0.0012% / 1h | 35m 48s | $1.1M | $828K | 5x |
| Short | KuCoin ETHFIUSDTM | 0.6928 | 0.0100 | get 0.0050% / 4h | 35m 48s | $1.2M | $224K | 50x |
Lighter ETHFI
KuCoin ETHFIUSDTMFunding 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
- $0.84
- Price spread: −0.078% → −0.118%
- $4.03
- Slippage, 4 orders
- −$143.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$150.64
- Costs to cover
- 1.555%
- Break-even
- 1262.3 days
Slippage from Lighter: live order book, 5 min ago; KuCoin: live order book, 9 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, 5 min ago | 6.75 bp | 7.2 bp −$7 | 108.0 bp −$1,080 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 7.91 bp | 54.6 bp −$55 | 159.6 bp −$1,596 | 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0419% | 4h | 0.6924 | −0.136% | $82K | $168K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0327% | 1h | 0.6932 | −0.020% | $40K | $11K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0293% | 4h | 0.6928 | −0.078% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0179% | 4h | 0.6926 | −0.105% | $911K | $785K | — | as long as short |
| Paradex ETHFI-USD-PERP | −0.0087% | 8h | 0.6921 | −0.181% | $6K | — | 5x | as long as short |
| Bybit ETHFIUSDT | −0.0047% | 4h | 0.6928 | −0.078% | $17.1M | $13.2M | 25x | as long as short |
| Extended ETHFI-USD | −0.0040% | 1h | 0.6928 | −0.080% | $95K | $503K | 10x | as long as short |
| Binance ETHFIUSDT | −0.0039% | 4h | 0.6930 | −0.056% | $24.1M | $36.2M | 75x | as long as short |
| MEXC ETHFI_USDT | −0.0036% | 4h | 0.6929 | −0.063% | $15.7M | $4.2M | 125x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.422% | $321 | $51K | 5.5x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Bybit ETHFIUSDT
Extended ETHFI-USD
Binance ETHFIUSDT
MEXC ETHFI_USDT
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 | 0.6918 | −0.215% | $8K | — | 3x | as long as short |
| Lighter ETHFIlong | +0.0096% | 1h | 0.6933 | long leg | $1.1M | $828K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6933 | −0.007% | $16.6M | $8.7M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6934 | +0.009% | $177K | $253K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6931 | −0.035% | $5.1M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6934 | +0.009% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTMshort | +0.0100% | 4h | 0.6928 | −0.078% | $1.2M | $224K | 50x | |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6930 | −0.049% | $6.0M | $4.8M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.6930 | −0.049% | — | $10.8M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6929 | −0.061% | $52K | $149K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6926 | −0.107% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0204% | 4h | 0.6927 | −0.092% | $1.2M | $240K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0272% | 1h | 0.6990 | +0.816% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0823% | 1h | 0.6941 | +0.117% | $290K | $285K | 20x | as long as short |
Aevo ETHFI-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD