Funding you earn now, next payment 05:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h −0.019%
Price spread now: Lighter against KuCoin−0.021%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$184as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as in the Price arb table
costs, in and out, $10k−$1711.710% of the position
Funding, last 7 days−0.126%−$13 on $10k
+Price spread, last 7 days+0.109%+$11 · spread now −0.021%, 7d avg −0.046%
=Together, before fees−0.016%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.024% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.046%. Mind the row above: over the last 7 days funding on this pair cost −0.126%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin COINUSDTM | 196.70 | 0.0100 | pay 0.0100% / 8h | 3h 38m | $992K | $143K | 20x |
| Short | Lighter COIN | 196.66 | 0.0120 | get 0.0015% / 1h | 38m 04s | $340K | $2.0M | 10x |
KuCoin COINUSDTM
Lighter COINFunding 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
- $4.2
- Price spread: −0.021% → −0.046%
- $2.43
- Slippage, 4 orders
- −$159.04
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$164.41
- Costs to cover
- 1.710%
- Break-even
- 281.0 days
Slippage from KuCoin: live order book, 51 min ago; Lighter: 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 KuCoin live order book, 51 min ago | 16.48 bp | 108.9 bp −$109 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 9 min ago | 0.89 bp | 1.4 bp −$1 | 2.9 bp −$29 | doesn't fit | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0693% | 8h | 196.82 | +0.061% | $6.3M | $10.4M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.76 | +0.031% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0224% | 8h | 196.72 | +0.010% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0110% | 1h | 196.04 | −0.336% | — | $266K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.79 | +0.047% | $343K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.69 | −0.003% | $116K | $690K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.75 | +0.025% | $14.7M | $79.9M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.77 | +0.036% | $4.8M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.70 | 0.000% | $3.0M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.74 | +0.021% | $684K | $939K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 196.77 | +0.034% | $10K | $2.4M | 10x | as long as short |
| QFEX COIN-USD | +0.0020% | 1h | 196.55 | −0.076% | $1.3M | $3.2M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.63 | −0.036% | $451K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.90 | +0.102% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.62 | −0.041% | $15.4M | $13.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.52 | −0.092% | $134K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.68 | −0.010% | $77 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.51 | −0.097% | $350K | $2.7M | 10x | as long as short |
| edgeX COINUSDC | +0.0061% | 4h | 196.73 | +0.014% | $51K | $294K | 10x | as long as short |
| KuCoin COINUSDTMlong | +0.0100% | 8h | 196.70 | long leg | $992K | $143K | 20x | |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.98 | +0.142% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.65 | −0.025% | $569 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.67 | −0.015% | $116 | — | 10x | as long as short |
| Lighter COINshort | +0.0120% | 1h | 196.66 | −0.021% | $340K | $2.0M | 10x | |
| BloFin COIN-USDT | +0.0120% | 8h | 196.73 | +0.015% | $188K | $392K | 20x | as long as short |
| Phoenix COIN | +0.0122% | 1h | 196.84 | +0.071% | $4K | $283K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
edgeX COINUSDC
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN