Funding you earn now, next payment 07:00 UTC+0.0126%/8h= +13.7% APRnext payment +$0.16 per $10,000 · paid last 24h +0.001%
Price spread now: Kraken Futures against Lighter+0.001%7-day average −0.044% · 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−$26as in the Price arb table
costs, in and out, $10k−$310.306% of the position
Funding, last 7 days−0.945%−$94 on $10k
+Price spread, last 4 days (all we have)−0.135%−$14 · spread now +0.001%, 7d avg −0.044%
=Together, before fees−1.080%+ Points / potential airdropLighter: Season 3 · farm board−$108 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.045% dearer against Lighter than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.044%. Mind the row above: over the last 7 days funding on this pair cost −0.945%, 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 BRENTOIL | 97.770 | 0.0032 | pay 0.0004% / 1h | 28m 19s | $3.3M | $4.1M | 20x |
| Short | Kraken Futures PF_BRENTOILUSD | 97.771 | 0.0158 | get 0.0020% / 1h | 28m 19s | $82K | $206K | 20x |
Lighter BRENTOIL
Kraken Futures PF_BRENTOILUSDFunding 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
- $26.36
- Price spread: +0.001% → −0.044%
- $4.52
- Slippage, 4 orders
- −$20.61
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $0.27
- Costs to cover
- 0.306%
- Break-even
- 6.9 days
Slippage from Lighter: live order book, 9 min ago; Kraken Futures: live order book, 14 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, 9 min ago | 0.51 bp | 0.5 bp −$1 | 1.4 bp −$14 | 6.8 bp −$680 | doesn't fit |
| Sell Kraken Futures live order book, 14 min ago | 4.66 bp | 14.5 bp −$14 | 29.4 bp −$294 | doesn't fit | doesn't fit |
BZ on 31 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 BRENT/USDC PERP | −0.0220% | 1h | 97.018 | −0.769% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0088% | 1h | 97.810 | +0.041% | $236K | $417K | 15x | as long as short |
| BloFin BZ-USDT | −0.0048% | 4h | 97.720 | −0.051% | $1.5M | $97K | 50x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.758 | −0.012% | $340K | $930K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.770 | 0.000% | $147.8M | $349.3M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.750 | −0.020% | $10.4M | $13.1M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.760 | −0.010% | $16.1M | $19.7M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.703 | −0.069% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.690 | −0.082% | $9.3M | $11.0M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.750 | −0.020% | $27.9M | $17.4M | 100x | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
BloFin BZ-USDT
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDT
Bitget BZUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BZ | 0.0000% | 4h | 97.768 | −0.002% | $9.4M | $6.9M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.782 | +0.012% | $24K | $305K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.740 | −0.031% | $4K | $2.4M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.740 | −0.031% | $100K | $252K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.690 | −0.082% | $280K | $253K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.760 | −0.010% | $1.2M | $86K | 100x | as long as short |
| edgeX BZUSDC | 0.0000% | 4h | 97.765 | −0.005% | $225K | $229K | 20x | as long as short |
| Vest BZ-PERP | +0.0010% | 1h | 101.87 | +4.194% | — | $735K | 10x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.300 | +0.542% | — | — | — | as long as short |
| Lighter BRENTOILlong | +0.0032% | 1h | 97.770 | long leg | $3.3M | $4.1M | 20x | |
| Extended XBR-USD | +0.0032% | 1h | 97.748 | −0.023% | $682K | $3.3M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.727 | −0.044% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.751 | −0.019% | $155.1M | $116.1M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.780 | +0.010% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.670 | −0.102% | $3.1M | $1.0M | 15x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0064% | 1h | 97.740 | −0.031% | $34K | — | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0083% | 1h | 97.776 | +0.007% | $7K | $41K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.760 | −0.010% | $3.8M | $809K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.830 | +0.061% | $26K | $273K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSDshort | +0.0158% | 1h | 97.771 | +0.001% | $82K | $206K | 20x | |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0329% / S −0.2771% | 1h | 97.775 | +0.005% | $116K | — | 111x | as long as short |
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
edgeX BZUSDC
Vest BZ-PERP
gTrade (Gains Network) BRENT/USD
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
Hotstuff BRENTOIL-PERP
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
GMX BRENTOIL/USD [ETH-USDC]