Funding you earn now, next payment 23:00 UTC−0.0149%/8h= −16.4% APRnext payment −$0.19 per $10,000 · paid last 24h −0.032%
Price spread now: Kraken Futures against Lighter+0.088%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$410.411% of the position
Funding, last 7 days−0.089%−$9 on $10k
+Price spread, last 3 days (all we have)−0.226%−$23 · spread now +0.088%, 7d avg +0.038%
=Together, before fees−0.315%+ Points / potential airdropLighter: Season 3 · farm board−$32 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.050% dearer against Lighter than usual: you sell high and buy low (spread +0.088% now, against its 7-day average of +0.038%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 7 days (−0.089% in total) that is about 3.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter DOT | 1.2014 | 0.0096 | pay 0.0012% / 1h | 37m 54s | $252K | $593K | 10x |
| Short | Kraken Futures PF_DOTUSD | 1.2024 | −0.0053 | pay 0.0007% / 1h | 37m 54s | $4.5M | $1.3M | 50x |
Lighter DOT
Kraken Futures PF_DOTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$31.36
- Price spread: +0.088% → +0.038%
- $5.01
- Slippage, 4 orders
- −$31.13
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$67.47
- Costs to cover
- 0.411%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 38 min ago; Kraken Futures: live order book, 1 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, 38 min ago | 2.80 bp | 6.4 bp −$6 | 20.4 bp −$204 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 2.91 bp | 13.0 bp −$13 | 22.3 bp −$223 | doesn't fit | doesn't fit |
DOT on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.2023 | +0.078% | $260 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0128% | 1h | 1.2020 | +0.052% | $185K | $1.8M | 50x | as long as short |
| Kraken Futures PF_DOTUSDshort | −0.0053% | 1h | 1.2024 | +0.088% | $4.5M | $1.3M | 50x | |
| Injective DOT/USDC PERP | −0.0040% | 1h | 1.2020 | +0.052% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | −0.0030% | 8h | 1.2004 | −0.081% | $9.5M | $23.6M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2025 | +0.095% | $145K | $6K | 10x | as long as short |
| Deribit DOT_USDC-PERPETUAL | 0.0000% | 1h | 1.2031 | +0.144% | $220K | $117K | 50x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2028 | +0.117% | $5K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0022% | 8h | 1.2012 | −0.014% | $6.8M | $8.6M | 75x | as long as short |
| MEXC DOT_USDT | +0.0076% | 8h | 1.2009 | −0.039% | $26.8M | $36.6M | 300x | as long as short |
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
dYdX DOT-USD
Deribit DOT_USDC-PERPETUAL
gTrade (Gains Network) DOT/USD
KuCoin DOTUSDTM
MEXC DOT_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOTUSDT | +0.0079% | 8h | 1.2006 | −0.063% | $44.2M | $80.7M | 75x | as long as short |
| Extended DOT-USD | +0.0080% | 1h | 1.2005 | −0.076% | $15K | $235K | 25x | as long as short |
| Lighter DOTlong | +0.0096% | 1h | 1.2014 | long leg | $252K | $593K | 10x | |
| Hyperliquid DOT | +0.0100% | 1h | 1.2014 | +0.002% | $5.3M | $3.2M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2013 | −0.009% | $892K | $649K | 50x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2005 | −0.072% | $24.5M | $17.9M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2010 | −0.031% | $6.8M | $11.4M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2010 | −0.031% | $23.1M | $14.0M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.2012 | −0.014% | — | $28.4M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2014 | +0.002% | $99K | $127K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2008 | −0.046% | $547K | $63K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2011 | −0.025% | $35K | $331K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2010 | −0.031% | $233K | $456K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2020 | +0.052% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2039 | +0.211% | $2K | $1.2M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2015 | +0.011% | $248K | $219K | 75x | as long as short |
| BloFin DOT-USDT | +0.0196% | 8h | 1.2027 | +0.111% | $2.2M | $765K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0304% / S −0.1025% | 1h | 1.2030 | +0.138% | $23K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0308% | 8h | 1.2020 | +0.052% | $2.2M | $2.1M | 50x | as long as short |
Binance DOTUSDT
Extended DOT-USD
Hyperliquid DOT
Aster DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
Bitget DOTUSDT
BingX DOT-USDT
Backpack DOT_USDC_PERP
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Phemex DOTUSDT