Funding you earn now, next payment 06:00 UTC+0.0314%/8h= +34.3% APRnext payment +$0.39 per $10,000 · paid last 24h −0.186%
Price spread now: Kraken Futures against Lighter−0.021%7-day average −0.186% · you buy dearer than you sell
Net, funding: paid 7d − costs−$221as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1291.290% of the position
Funding, last 7 days−0.921%−$92 on $10k
+Price spread, last 4 days (all we have)−1.163%−$116 · spread now −0.021%, 7d avg −0.186%
=Together, before fees−2.083%+ Points / potential airdropLighter: Season 3 · farm board−$208 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Kraken Futures is 0.164% dearer against Lighter than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.186%. Mind the row above: over the last 7 days funding on this pair cost −0.921%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter POPCAT | 0.05636 | 0.0096 | pay 0.0012% / 1h | 50m 25s | $101K | $56K | 10x |
| Short | Kraken Futures PF_POPCATUSD | 0.05635 | 0.0410 | get 0.0051% / 1h | 50m 25s | $150K | $146K | 20x |
Lighter POPCAT
Kraken Futures PF_POPCATUSDFunding 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
- $65.84
- Price spread: −0.021% → −0.186%
- $16.43
- Slippage, 4 orders
- −$119.03
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$46.76
- Costs to cover
- 1.290%
- Break-even
- 12.0 days
Slippage from Lighter: live order book, 35 min ago; Kraken Futures: live order book, 62 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, 35 min ago | 12.32 bp | 12.3 bp −$12 | 84.6 bp −$846 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 62 min ago | 26.50 bp | 53.2 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
POPCAT on 18 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 POPCAT/USDC PERP | −0.4088% | 1h | 0.05563 | −1.295% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05628 | −0.149% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0094% | 4h | 0.05622 | −0.248% | $506K | $148K | — | as long as short |
| Lighter POPCATlong | +0.0096% | 1h | 0.05636 | long leg | $101K | $56K | 10x | |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05631 | −0.086% | $2.5M | $7.3M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05621 | −0.266% | $8.8M | $6.7M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05622 | −0.248% | $689K | $1.6M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05634 | −0.035% | $446K | $634K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05637 | +0.018% | $1.8M | $995K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05637 | +0.018% | $1.1M | $988K | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Variational Omni POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05632 | −0.071% | $1.2M | $948K | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05622 | −0.248% | — | $1.6M | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05634 | −0.028% | $250K | $502K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05630 | −0.106% | $22K | $653K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05633 | −0.044% | $97K | $405K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05637 | +0.018% | $129K | $328K | 50x | as long as short |
| Kraken Futures PF_POPCATUSDshort | +0.0410% | 1h | 0.05635 | −0.021% | $150K | $146K | 20x | |
| Hyperliquid POPCAT | +0.0446% | 1h | 0.05636 | 0.000% | $2.6M | $1.1M | 3x | as long as short |
Bitget POPCATUSDT
BingX POPCAT-USDC
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
BloFin POPCAT-USDT
Hyperliquid POPCAT