NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0427%/8h= −46.7% APRnext payment −$0.53 per $10,000 · paid last 24h +0.853%

Price spread now: Kraken Futures against Lighter−0.049%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Kraken Futures

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

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Kraken Futures is 0.049% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter 1000NOT	0.0005128	0.0096	pay 0.0012% / 1h	8m 31s	$12K	$5K	3x
Short	Kraken Futures PF_NOTUSD	0.0005126	−0.0331	pay 0.0041% / 1h	8m 31s	$50K	$10K	10x

Funding 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 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 LighterbpFee Kraken FuturesbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$89.6
Price spread: −0.049% → 0.000%: −$4.94
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$104.54
Costs to cover: 0.100%
Break-even: never at this rate

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

Lighter and Kraken Futures: 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
Kraken Futures PF_NOTUSDshort	−0.0331%	1h	0.0005126	−0.049%	$50K	$10K	10x
Variational Omni NOT	−0.0124%	4h	0.0005117	−0.223%	$72K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−4.955%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0085%	4h	0.0005121	−0.138%	$112K	$17K	50x	as long as short
Lighter 1000NOTlong	+0.0096%	1h	0.0005128	long leg	$12K	$5K	3x
Hyperliquid NOT	+0.0100%	1h	0.0005130	+0.037%	$375K	$52K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005121	−0.129%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005123	−0.090%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005119	−0.177%	$2.2M	$829K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005121	−0.138%	$636K	$616K	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	0.0005120	−0.158%	$143K	$79K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005121	−0.138%	$1.4M	$466K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005120	−0.158%	$468K	$135K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005131	+0.057%	$674K	$396K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005120	−0.158%	—	$8.9M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005121	−0.145%	$4K	$491	5x	as long as short