Funding you earn now, next payment 10:00 UTC+0.0263%/8h= +28.8% APRnext payment +$0.33 per $10,000 · paid last 24h +0.040%
Price spread now: Lighter against Kraken Futures+0.480%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$910.906% of the position
Funding, last 7 days−0.348%−$35 on $10k
+Price spread, last 4 days (all we have)−1.093%−$109 · spread now +0.480%, 7d avg +0.014%
=Together, before fees−1.441%+ Points / potential airdropLighter: Season 3 · farm board−$144 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Lighter is 0.466% dearer against Kraken Futures than usual: you sell high and buy low: +$47 more if the spread goes back to its 7-day average of +0.014%. Mind the row above: over the last 7 days funding on this pair cost −0.348%, 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 | Kraken Futures PF_TIAUSD | 0.4478 | −0.0167 | get 0.0021% / 1h | 59m 15s | $353K | $198K | 50x |
| Short | Lighter TIA | 0.4500 | 0.0096 | get 0.0012% / 1h | 59m 15s | $195K | $435K | 10x |
Kraken Futures PF_TIAUSD
Lighter TIAFunding 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
- $55.21
- Price spread: +0.480% → +0.014%
- $46.59
- Slippage, 4 orders
- −$80.57
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $11.23
- Costs to cover
- 0.906%
- Break-even
- 5.6 days
Slippage from Kraken Futures: live order book, 34 min ago; Lighter: live order book, 25 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, 34 min ago | 25.75 bp | 31.1 bp −$31 | 68.3 bp −$683 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 25 min ago | 7.77 bp | 19.9 bp −$20 | 72.0 bp −$720 | 317.5 bp −$31.7K | doesn't fit |
TIA on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX TIA/USD [ETH-USDC] | L −0.3914% / S +0.0179% | 1h | 0.4501 | +0.502% | $6K | — | 100x | as long as short |
| Kraken Futures PF_TIAUSDlong | −0.0167% | 1h | 0.4478 | long leg | $353K | $198K | 50x | |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4481 | +0.064% | $31K | $21K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4497 | +0.416% | $1K | — | 150x | as long as short |
| Injective TIA/USDC PERP | +0.0079% | 1h | 0.4518 | +0.891% | $81K | $157K | 12x | as long as short |
| OKX TIA-USDT-SWAP | +0.0086% | 4h | 0.4478 | −0.003% | $2.8M | $7.0M | 50x | as long as short |
| Lighter TIAshort | +0.0096% | 1h | 0.4500 | +0.480% | $195K | $435K | 10x | |
| Orderly PERP_TIA_USDC | +0.0099% | 4h | 0.4480 | +0.042% | $7K | $206K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4494 | +0.343% | $4.9M | $1.5M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4487 | +0.198% | $33K | $249K | 10x | as long as short |
GMX TIA/USD [ETH-USDC]
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
Injective TIA/USDC PERP
OKX TIA-USDT-SWAP
Orderly PERP_TIA_USDC
Hyperliquid TIA
Aster TIAUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TIAUSDT | +0.0100% | 4h | 0.4484 | +0.141% | $14.5M | $49.2M | 75x | as long as short |
| Bybit TIAUSDT | +0.0100% | 4h | 0.4478 | −0.003% | $10.1M | $14.5M | 50x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4485 | +0.154% | $1.0M | $1.7M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4484 | +0.131% | $11.0M | $14.3M | 300x | as long as short |
| KuCoin TIAUSDTM | +0.0100% | 4h | 0.4486 | +0.176% | $4.3M | $10.2M | 50x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4476 | −0.047% | $4.4M | $4.1M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4481 | +0.064% | — | $14.7M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4494 | +0.357% | $104K | $171K | 10x | as long as short |
| Variational Omni TIA | +0.0100% | 4h | 0.4493 | +0.325% | $138K | $78K | — | as long as short |
| ApeX Omni TIAUSDT | +0.0100% | 1h | 0.4497 | +0.422% | $52K | $224K | 50x | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4489 | +0.243% | $60K | $75K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4476 | −0.053% | $57K | $211K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4480 | +0.040% | $7K | — | 3x | as long as short |
| dYdX TIA-USD | +0.0148% | 1h | 0.4494 | +0.356% | $53K | $139 | 10x | as long as short |
| Reya TIARUSDPERP | +0.0182% | 1h | 0.4483 | +0.114% | $6K | — | 15x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4494 | +0.355% | $1.7M | $769K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0408% | 1h | 0.4521 | +0.957% | $54K | $99K | 50x | as long as short |
Binance TIAUSDT
Bybit TIAUSDT
Gate TIA_USDT
MEXC TIA_USDT
KuCoin TIAUSDTM
Bitget TIAUSDT
BingX TIA-USDT
Backpack TIA_USDC_PERP
Variational Omni TIA
ApeX Omni TIAUSDT
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
dYdX TIA-USD
Reya TIARUSDPERP
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX