NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1858%/8h= −203.5% APRnext payment −$2.32 per $10,000 · paid last 24h −0.857%

Price spread now: Lighter against Kraken Futures+0.068%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.068% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.068% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$56 a day in funding at the current rate, which eats that in about 3 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_NOTUSD	0.0005063	0.1954	pay 0.0244% / 1h	37m 25s	$49K	$9K	10x
Short	Lighter 1000NOT	0.0005066	0.0096	get 0.0012% / 1h	37m 25s	$11K	$4K	3x

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 +0.068%Rate

Funding earned: −$390.22
Price spread: +0.068% → 0.000%: $6.81
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$393.4
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Lighter: no order-book sample. 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Lighter no order-book sample	—	—	—	—	—

Kraken Futures and 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.

NOT on 16 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
Variational Omni NOT	−0.0336%	4h	0.0005057	−0.113%	$71K	$39K	—	as long as short
KuCoin NOTUSDTM	−0.0194%	4h	0.0005051	−0.232%	$463K	$129K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.728%	$1K	$13K	5.5x	as long as short
Bybit NOTUSDT	+0.0066%	4h	0.0005056	−0.133%	$2.1M	$863K	25x	as long as short
BloFin NOT-USDT	+0.0069%	4h	0.0005072	+0.183%	$112K	$17K	50x	as long as short
Lighter 1000NOTshort	+0.0096%	1h	0.0005066	+0.068%	$11K	$4K	3x
Hyperliquid NOT	+0.0100%	1h	0.0005070	+0.143%	$370K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005061	−0.035%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005063	+0.007%	$2.1M	$3.1M	50x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005061	−0.035%	$633K	$651K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDT	+0.0100%	4h	0.0005053	−0.193%	$143K	$68K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005061	−0.035%	$1.3M	$439K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005062	−0.015%	$671K	$411K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005059	−0.074%	—	$8.8M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005062	−0.021%	$4K	$491	5x	as long as short
Kraken Futures PF_NOTUSDlong	+0.1954%	1h	0.0005063	long leg	$49K	$9K	10x