Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: KuCoin against Lighter−0.079%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$461as in the Funding arb table
Net, price: spread back to 7d avg − costs−$464as in the Price arb table
costs, in and out, $10k−$4624.618% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.079%, 7d avg −0.053%
=Together, before fees+0.007%+ Points / potential airdropLighter: Season 3 · farm board+$1 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 0.026% cheaper against Lighter than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PYTH | 0.06302 | 0.0096 | pay 0.0012% / 1h | 18m 16s | $194K | $221K | 5x |
| Short | KuCoin PYTHUSDTM | 0.06297 | 0.0100 | get 0.0050% / 4h | 18m 16s | $1.5M | $371K | 50x |
Lighter PYTH
KuCoin PYTHUSDTMFunding 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: −0.079% → −0.053%
- −$2.6
- Slippage, 4 orders
- −$449.79
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$463.54
- Costs to cover
- 4.618%
- Break-even
- 3869.9 days
Slippage from Lighter: live order book, 2 min ago; KuCoin: 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 Lighter live order book, 2 min ago | 3.96 bp | 23.2 bp −$23 | 101.3 bp −$1,013 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 7.97 bp | 153.8 bp −$154 | 674.8 bp −$6,748 | doesn't fit | doesn't fit |
PYTH on 23 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 PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06302 | 0.000% | $10K | $10K | 10x | as long as short |
| dYdX PYTH-USD | +0.0016% | 1h | 0.06300 | −0.035% | $187K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.666% | $553 | $220K | 5.5x | as long as short |
| BloFin PYTH-USDT | +0.0042% | 4h | 0.06284 | −0.286% | $424K | $72K | 75x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0065% | 1h | 0.06302 | +0.003% | $35K | $67K | 10x | as long as short |
| MEXC PYTH_USDT | +0.0094% | 4h | 0.06295 | −0.111% | $10.6M | $2.8M | 125x | as long as short |
| Binance PYTHUSDT | +0.0095% | 4h | 0.06295 | −0.118% | $9.1M | $19.9M | 75x | as long as short |
| Lighter PYTHlong | +0.0096% | 1h | 0.06302 | long leg | $194K | $221K | 5x | |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06295 | −0.113% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06301 | −0.011% | $2.2M | $1.9M | 5x | as long as short |
Deribit PYTH_USDC-PERPETUAL
dYdX PYTH-USD
Injective PYTH/USDC PERP
BloFin PYTH-USDT
Backpack PYTH_USDC_PERP
MEXC PYTH_USDT
Binance PYTHUSDT
Paradex PYTH-USD-PERP
Hyperliquid PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PYTHUSDT | +0.0100% | 4h | 0.06294 | −0.126% | $21K | $47K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06297 | −0.079% | $7.5M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06299 | −0.048% | $2.1M | $3.5M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06290 | −0.190% | $1.0M | $539K | 75x | as long as short |
| KuCoin PYTHUSDTMshort | +0.0100% | 4h | 0.06297 | −0.079% | $1.5M | $371K | 50x | |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06299 | −0.048% | $2.6M | $2.3M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06295 | −0.111% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06266 | −0.573% | $40K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06296 | −0.098% | $2K | $2K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0104% | 1h | 0.06297 | −0.079% | $22K | — | 3x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06290 | −0.194% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0453% | 1h | 0.06302 | +0.008% | $382K | $307K | 25x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0472% | 1h | 0.06427 | +1.983% | $40K | $19K | 25x | as long as short |
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Aevo PYTH-PERP
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD
Coinbase International PYTH-PERP-INTX