Funding you earn now, next payment 03:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.020%
Price spread now: KuCoin against Lighter+0.089%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$260as in the Funding arb table
Net, price: spread back to 7d avg − costs−$265as in the Price arb table
costs, in and out, $10k−$2722.725% of the position
Funding, last 7 days+0.128%+$13 on $10k
+Price spread, last 4 days (all we have)−0.151%−$15 · spread now +0.089%, 7d avg +0.014%
=Together, before fees−0.023%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.075% dearer against Lighter than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter EWY | 189.96 | 0.0032 | pay 0.0004% / 1h | 24m 45s | $385K | $39K | 20x |
| Short | KuCoin EWYUSDTM | 190.13 | 0.0100 | get 0.0100% / 8h | 5h 24m | $979K | $628K | 20x |
Lighter EWY
KuCoin EWYUSDTMFunding 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
- $14.28
- Price spread: +0.089% → +0.014%
- $7.53
- Slippage, 4 orders
- −$260.49
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$250.68
- Costs to cover
- 2.725%
- Break-even
- 129.9 days
Slippage from Lighter: live order book, 30 min ago; KuCoin: live order book, 30 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, 30 min ago | 1.84 bp | 4.0 bp −$4 | 16.4 bp −$164 | 50.2 bp −$5,025 | doesn't fit |
| Sell KuCoin live order book, 30 min ago | 3.68 bp | 145.7 bp −$146 | doesn't fit | doesn't fit | doesn't fit |
EWY on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit EWYUSDT | 0.0000% | 8h | 190.19 | +0.121% | $5.1M | $4.3M | 100x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 190.14 | +0.095% | $4.1M | $3.7M | 50x | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 190.11 | +0.079% | $751K | $391K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 190.17 | +0.111% | — | $2.5M | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | 0.0000% | 1h | 190.09 | +0.068% | $530K | $310K | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 190.35 | +0.205% | $22K | $36K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 190.10 | +0.074% | $1.7M | $38K | 10x | as long as short |
| Deribit EWY_USDC-PERPETUAL | +0.0013% | 1h | 190.04 | +0.042% | $2K | $13K | 20x | as long as short |
| Lighter EWYlong | +0.0032% | 1h | 189.96 | long leg | $385K | $39K | 20x | |
| Vest EWY-USD-PERP | +0.0046% | 1h | 190.29 | +0.174% | — | $220K | 25x | as long as short |
Bybit EWYUSDT
Gate EWY_USDT
GRVT EWY_USDT_Perp
SunX EWY-USDT
Coinbase International EWY-PERP-INTX
HTX EWY-USDT
Phemex EWYUSDT
Deribit EWY_USDC-PERPETUAL
Vest EWY-USD-PERPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex EWYUSDT | +0.0048% | 1h | 190.11 | +0.079% | $197K | $146K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 190.05 | +0.047% | $6.1M | $13.9M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 190.09 | +0.068% | $51K | $57K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.95 | −0.005% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 190.09 | +0.068% | $747 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 190.14 | +0.095% | $198K | $265K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0056% | 8h | 190.13 | +0.091% | $23 | — | 5x | as long as short |
| Bitget EWYUSDT | +0.0064% | 8h | 190.16 | +0.105% | $2.7M | $2.0M | 20x | as long as short |
| KuCoin EWYUSDTMshort | +0.0100% | 8h | 190.13 | +0.089% | $979K | $628K | 20x | |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 190.13 | +0.089% | $13K | $264K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 190.13 | +0.089% | $2K | $1K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0106% | 8h | 190.13 | +0.089% | $4.1M | $3.5M | 50x | as long as short |
| Hotstuff EWY-PERP | +0.0120% | 1h | 190.07 | +0.058% | $28K | $12K | 20x | as long as short |
| Aster EWYUSDT | +0.0193% | 8h | 190.16 | +0.105% | $295K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0237% | 8h | 190.09 | +0.066% | $1.2M | $1.1M | — | as long as short |
| Binance EWYUSDT | +0.0266% | 8h | 190.17 | +0.111% | $28.4M | $77.0M | 50x | as long as short |
| Extended EWY_24_5-USD | +0.0272% | 1h | 190.06 | +0.053% | $302K | $665K | 10x | as long as short |
| MEXC EWY_USDT | +0.0274% | 8h | 190.12 | +0.084% | $6.5M | $4.2M | 100x | as long as short |
| BloFin EWY-USDT | +0.0289% | 8h | 190.08 | +0.063% | $48K | $214K | 50x | as long as short |
| edgeX EWYUSDC | +0.0815% | 4h | 190.08 | +0.062% | $426K | $282K | 20x | as long as short |
Popdex EWYUSDT
tradeXYZ xyz:EWY
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
Bitget EWYUSDT
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
OKX EWY-USDT-SWAP
Hotstuff EWY-PERP
Aster EWYUSDT
Variational Omni EWY
Binance EWYUSDT
Extended EWY_24_5-USD
MEXC EWY_USDT
BloFin EWY-USDT
edgeX EWYUSDC