DASH

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0815%/8h= −89.2% APRnext payment −$1.02 per $10,000 · paid last 24h +0.014%

Price spread now: Lighter against Kraken Futures−0.120%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$680.681% of the position

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.476%+$48 on $10k

Price spread, last 3 days (all we have)+0.165%+$16 · spread now −0.120%, 7d avg −0.065%

Together, before fees+0.641%+ Points / potential airdropLighter: Season 3 · farm board+$64 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Lighter is 0.055% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.065%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.476%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.476% in total (about 24.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.02 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_DASHUSD	59.251	0.0911	pay 0.0114% / 1h	49m 58s	$724K	$2.8M	25x
Short	Lighter DASH	59.180	0.0096	get 0.0012% / 1h	49m 58s	$122K	$107K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee LighterbpOrdersPrice spread, now −0.120%Rate

Funding earned: −$171.08
Price spread: −0.120% → −0.065%: −$5.5
Slippage, 4 orders: −$58.05
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$244.63
Costs to cover: 0.681%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Lighter: live order book, 65 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 Kraken Futures live order book, 4 min ago	9.34 bp	15.2 bp −$15	27.2 bp −$272	doesn't fit	doesn't fit
Sell Lighter live order book, 65 min ago	9.94 bp	19.8 bp −$20	27.7 bp −$277	doesn't fit	doesn't fit

DASH on 22 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
Injective DASH/USDC PERP	+0.0033%	1h	58.850	−0.677%	$7	$134K	5.5x	as long as short
Deribit DASH_USDC-PERPETUAL	+0.0088%	1h	59.170	−0.137%	$237	$2K	50x	as long as short
Lighter DASHshort	+0.0096%	1h	59.180	−0.120%	$122K	$107K	10x
Aster DASHUSDT	+0.0100%	8h	59.116	−0.229%	$137K	$337K	20x	as long as short
Binance DASHUSDT	+0.0100%	8h	59.170	−0.137%	$28.2M	$83.8M	75x	as long as short
Bybit DASHUSDT	+0.0100%	8h	59.180	−0.120%	$10.4M	$18.1M	75x	as long as short
OKX DASH-USDT-SWAP	+0.0100%	4h	59.140	−0.188%	$5.4M	$26.3M	50x	as long as short
Gate DASH_USDT	+0.0100%	8h	59.150	−0.171%	$1.8M	$2.5M	50x	as long as short
MEXC DASH_USDT	+0.0100%	8h	59.170	−0.137%	$21.7M	$10.4M	100x	as long as short
KuCoin DASHUSDTM	+0.0100%	8h	59.160	−0.154%	$8.2M	$3.7M	30x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget DASHUSDT	+0.0100%	8h	59.170	−0.137%	$6.4M	$2.7M	50x	as long as short
BingX DASH-USDT	+0.0100%	8h	59.170	−0.137%	—	$7.0M	—	as long as short
Variational Omni DASH	+0.0100%	8h	58.976	−0.465%	$310K	$271K	—	as long as short
SunX DASH-USDT	+0.0100%	8h	59.150	−0.171%	$25K	$1.2M	20x	as long as short
SoDEX DASH-USD	+0.0100%	1h	59.175	−0.129%	$271K	$4K	5x	as long as short
HTX DASH-USDT	+0.0100%	8h	59.050	−0.340%	$123K	$190K	30x	as long as short
Extended DASH-USD	+0.0104%	1h	59.176	−0.127%	$11K	$216K	10x	as long as short
BloFin DASH-USDT	+0.0220%	8h	59.000	−0.424%	$2.8M	$1.2M	75x	as long as short
Coinbase International DASH-PERP-INTX	+0.0352%	1h	59.030	−0.373%	$100K	$216K	25x	as long as short
Hyperliquid DASH	+0.0474%	1h	59.223	−0.048%	$4.5M	$2.3M	5x	as long as short
GMX DASH/USD [WBTC.b-USDC]	L +0.0541% / S −0.0499%	1h	59.100	−0.255%	$143K	—	50x	as long as short
Kraken Futures PF_DASHUSDlong	+0.0911%	1h	59.251	long leg	$724K	$2.8M	25x