Funding you earn now, next payment 21:00 UTC+0.1435%/8h= +157.2% APRnext payment +$1.79 per $10,000 · paid last 24h −0.123%
Price spread now: Lighter against Kraken Futures+0.107%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$214as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1461.463% of the position
Funding, last 7 days−0.682%−$68 on $10k
+Price spread, last 3 days (all we have)+0.733%+$73 · spread now +0.107%, 7d avg −0.018%
=Together, before fees+0.051%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$43 a day on $10k at the current rate, and Lighter is 0.125% dearer against Kraken Futures than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.018%. Mind the row above: over the last 7 days funding on this pair cost −0.682%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.682% in total (about -35.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.79 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 | Kraken Futures PF_SPXUSD | 0.5138 | −0.1339 | get 0.0167% / 1h | 45m 27s | $239K | $550K | 20x |
| Short | Lighter SPX | 0.5144 | 0.0096 | get 0.0012% / 1h | 45m 27s | $121K | $317K | 5x |
Kraken Futures PF_SPXUSD
Lighter SPXFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $301.44
- Price spread: +0.107% → −0.018%
- $12.52
- Slippage, 4 orders
- −$136.29
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $167.67
- Costs to cover
- 1.463%
- Break-even
- 3.1 days
Slippage from Kraken Futures: live order book, 3 min ago; Lighter: live order book, 42 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 Kraken Futures live order book, 3 min ago | 8.74 bp | 35.5 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 42 min ago | 29.36 bp | 29.4 bp −$29 | 67.7 bp −$677 | doesn't fit | doesn't fit |
SPX on 19 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_SPXUSDlong | −0.1339% | 1h | 0.5138 | long leg | $239K | $550K | 20x | |
| Variational Omni SPX | −0.0071% | 4h | 0.5126 | −0.241% | $904K | $1.2M | — | as long as short |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −3.104% | $9 | $4K | 5.5x | as long as short |
| Lighter SPXshort | +0.0096% | 1h | 0.5144 | +0.107% | $121K | $317K | 5x | |
| Aster SPXUSDT | +0.0100% | 4h | 0.5146 | +0.145% | $125K | $92K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5160 | +0.411% | $5.2M | $19.1M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5156 | +0.341% | $11.9M | $15.1M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5159 | +0.399% | $1.0M | $2.6M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5155 | +0.322% | $1.1M | $469K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5159 | +0.399% | $12.4M | $4.3M | 100x | as long as short |
Variational Omni SPX
Injective SPX/USDC PERP
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5155 | +0.322% | $3.9M | $5.2M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5161 | +0.438% | $2.7M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5159 | +0.399% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5139 | +0.010% | $46K | $248K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5154 | +0.302% | $8K | $1.6M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5159 | +0.392% | $35K | $231K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0109% | 4h | 0.5164 | +0.497% | $20K | $200 | 10x | as long as short |
| Hyperliquid SPX | +0.0207% | 1h | 0.5169 | +0.584% | $10.5M | $6.7M | 5x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5146 | +0.146% | $266K | $925K | 75x | as long as short |
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
Orderly PERP_SPX_USDC
Hyperliquid SPX
BloFin SPX-USDT