Funding you earn now, next payment 04:00 UTC+0.0310%/8h= +33.9% APRnext payment +$0.39 per $10,000 · paid last 24h +0.016%
Price spread now: Kraken Futures against Lighter−0.066%7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1371.371% of the position
Funding, last 7 days+0.471%+$47 on $10k
+Price spread, last 4 days (all we have)−0.052%−$5 · spread now −0.066%, 7d avg +0.040%
=Together, before fees+0.420%+ Points / potential airdropLighter: Season 3 · farm board+$42 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.106% cheaper against Lighter than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of +0.040%). If the spread goes back, that is −$11 on $10k: about 27 hours of funding at the current rate (+$9 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PYTH | 0.06459 | 0.0096 | pay 0.0012% / 1h | 0m 46s | $193K | $210K | 5x |
| Short | Kraken Futures PF_PYTHUSD | 0.06455 | 0.0406 | get 0.0051% / 1h | 0m 46s | $397K | $295K | 25x |
Lighter PYTH
Kraken Futures PF_PYTHUSDFunding 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
- $65.03
- Price spread: −0.066% → +0.040%
- −$10.61
- Slippage, 4 orders
- −$127.09
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$82.68
- Costs to cover
- 1.371%
- Break-even
- 15.9 days
Slippage from Lighter: live order book, 39 min ago; Kraken Futures: live order book, 57 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, 39 min ago | 3.96 bp | 14.0 bp −$14 | 92.5 bp −$925 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 57 min ago | 21.36 bp | 44.1 bp −$44 | 288.0 bp −$2,880 | doesn't fit | doesn't fit |
PYTH on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate PYTH_USDT | −0.0086% | 4h | 0.06442 | −0.263% | $1.1M | $520K | 75x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0060% | 1h | 0.06459 | 0.000% | $10K | $10K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06456 | −0.051% | $192K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −3.081% | $553 | $220K | 5.5x | as long as short |
| MEXC PYTH_USDT | +0.0054% | 4h | 0.06449 | −0.155% | $10.5M | $2.7M | 125x | as long as short |
| Binance PYTHUSDT | +0.0063% | 4h | 0.06449 | −0.155% | $9.3M | $18.3M | 75x | as long as short |
| Aster PYTHUSDT | +0.0074% | 4h | 0.06457 | −0.038% | $20K | $45K | 10x | as long as short |
| BloFin PYTH-USDT | +0.0090% | 4h | 0.06456 | −0.046% | $433K | $81K | 75x | as long as short |
| Lighter PYTHlong | +0.0096% | 1h | 0.06459 | long leg | $193K | $210K | 5x | |
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06455 | −0.062% | $23K | — | 3x | as long as short |
Gate PYTH_USDT
Deribit PYTH_USDC-PERPETUAL
dYdX PYTH-USD
Injective PYTH/USDC PERP
MEXC PYTH_USDT
Binance PYTHUSDT
Aster PYTHUSDT
BloFin PYTH-USDT
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06457 | −0.027% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06459 | −0.006% | $2.3M | $1.8M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06449 | −0.155% | $7.6M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06449 | −0.155% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06458 | −0.015% | $1.5M | $351K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06449 | −0.155% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06448 | −0.170% | — | $2.7M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06459 | +0.008% | $37K | $60K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06456 | −0.048% | $39K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06455 | −0.056% | $2K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0104% | 1h | 0.06493 | +0.526% | $40K | $19K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06452 | −0.101% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSDshort | +0.0406% | 1h | 0.06455 | −0.066% | $397K | $295K | 25x |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP