Funding you earn now, next payment 08:00 UTC+0.0751%/8h= +82.3% APRnext payment +$0.94 per $10,000 · paid last 24h +0.142%
Price spread now: Kraken Futures against Lighter+0.044%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.511%+$51 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Kraken Futures is 0.044% dearer against Lighter than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.511% in total (about 26.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.94 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 | Lighter DYDX | 0.1356 | 0.0096 | pay 0.0012% / 1h | 40m 33s | $60K | $50K | 5x |
| Short | Kraken Futures PF_DYDXUSD | 0.1357 | 0.0847 | get 0.0106% / 1h | 40m 33s | $307K | $321K | 20x |
Lighter DYDX
Kraken Futures PF_DYDXUSDFunding 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
- $157.75
- Price spread: +0.044% → 0.000%
- $4.43
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $152.18
- Costs to cover
- 0.100%
- Break-even
- 0.2 days
Slippage unknown: Lighter: no order-book sample; Kraken Futures: live order book, 62 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 62 min ago | 12.21 bp | 45.6 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
DYDX on 21 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 DYDX/USDC PERP | −0.0058% | 1h | 0.1357 | +0.059% | $6K | $48K | 12x | as long as short |
| Lighter DYDXlong | +0.0096% | 1h | 0.1356 | long leg | $60K | $50K | 5x | |
| Hyperliquid DYDX | +0.0100% | 1h | 0.1356 | 0.000% | $2.0M | $719K | 5x | as long as short |
| Aster DYDXUSDT | +0.0100% | 8h | 0.1354 | −0.161% | $6K | $10K | 5x | as long as short |
| Binance DYDXUSDT | +0.0100% | 8h | 0.1355 | −0.108% | $5.2M | $7.9M | 75x | as long as short |
| Bybit DYDXUSDT | +0.0100% | 8h | 0.1355 | −0.103% | $4.6M | $2.4M | 75x | as long as short |
| OKX DYDX-USDT-SWAP | +0.0100% | 8h | 0.1355 | −0.103% | $2.1M | $3.0M | 20x | as long as short |
| Arcus DYDX-USD | +0.0100% | 1h | 0.1357 | +0.059% | $52K | $20K | 5x | as long as short |
| Gate DYDX_USDT | +0.0100% | 8h | 0.1355 | −0.088% | $377K | $427K | 75x | as long as short |
| MEXC DYDX_USDT | +0.0100% | 8h | 0.1355 | −0.088% | $2.9M | $780K | 125x | as long as short |
Injective DYDX/USDC PERP
Hyperliquid DYDX
Aster DYDXUSDT
Binance DYDXUSDT
Bybit DYDXUSDT
OKX DYDX-USDT-SWAP
Arcus DYDX-USD
Gate DYDX_USDT
MEXC DYDX_USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin DYDXUSDTM | +0.0100% | 8h | 0.1357 | +0.059% | $2.3M | $3.5M | 50x | as long as short |
| Bitget DYDXUSDT | +0.0100% | 8h | 0.1355 | −0.088% | $1.4M | $895K | 10x | as long as short |
| BingX DYDX-USDT | +0.0100% | 8h | 0.1356 | −0.015% | — | $3.0M | — | as long as short |
| Extended DYDX-USD | +0.0104% | 1h | 0.1355 | −0.069% | $1K | $404K | 10x | as long as short |
| Aevo DYDX-PERP | +0.0104% | 1h | 0.1358 | +0.116% | $49K | — | 3x | as long as short |
| BloFin DYDX-USDT | +0.0117% | 8h | 0.1360 | +0.280% | $293K | $30K | 75x | as long as short |
| GMX DYDX/USD [WBTC.b-USDC] | L +0.0187% / S −0.0526% | 1h | 0.1356 | −0.049% | $919 | — | 100x | as long as short |
| Deribit DYDX_USDC-PERPETUAL | +0.0487% | 1h | 0.1357 | +0.059% | — | — | 25x | as long as short |
| Kraken Futures PF_DYDXUSDshort | +0.0847% | 1h | 0.1357 | +0.044% | $307K | $321K | 20x | |
| Coinbase International DYDX-PERP-INTX | +0.1000% | 1h | 0.1363 | +0.501% | $17K | $27K | 50x | as long as short |
| dYdX DYDX-USD | +0.7035% | 1h | 0.1355 | −0.094% | $77K | $2K | 5x | as long as short |
KuCoin DYDXUSDTM
Bitget DYDXUSDT
BingX DYDX-USDT
Extended DYDX-USD
Aevo DYDX-PERP
BloFin DYDX-USDT
GMX DYDX/USD [WBTC.b-USDC]
Deribit DYDX_USDC-PERPETUAL
Coinbase International DYDX-PERP-INTX
dYdX DYDX-USD