EUR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0070%/8h= +7.6% APRnext payment +$0.09 per $10,000 · paid last 24h +0.038%

Price spread now: Lighter against Kraken Futures+0.097%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.097% dearer against Kraken Futures than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_EURUSD	1.1473	−0.0062	get 0.0008% / 1h	12m 50s	$3K	—	50x
Short	Lighter EURUSD	1.1484	0.0008	get 0.0001% / 1h	12m 50s	$2.1M	$435K	50x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee LighterbpOrdersPrice spread, now +0.097%Rate

Funding earned: $14.64
Price spread: +0.097% → 0.000%: $9.69
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $14.33
Costs to cover: 0.100%
Break-even: 0.1 days

Slippage unknown: Kraken Futures: no order-book sample; Lighter: live order book, 4 min ago. Net counts fees only.

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 no order-book sample	—	—	—	—	—
Sell Lighter live order book, 4 min ago	1.39 bp	2.8 bp −$3	6.1 bp −$61	41.9 bp −$4,191	doesn't fit

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

EUR 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
MEXC EUR_USDT	−0.0152%	4h	1.1477	+0.036%	$6.8M	$135K	100x	as long as short
Hibachi EUR/USDT-P	−0.0104%	1h	1.1472	−0.009%	$166K	$8.2M	30x	as long as short
Kraken Futures PF_EURUSDlong	−0.0062%	1h	1.1473	long leg	$3K	—	50x
Nado EURUSD-PERP	−0.0009%	1h	1.1477	+0.035%	$467K	$153K	40x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1480	+0.061%	$585K	$223K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1478	+0.045%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1476	+0.027%	$253K	$21K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1474	+0.010%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1481	+0.071%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1480	+0.062%	$13K	$263K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter EURUSDshort	+0.0008%	1h	1.1484	+0.097%	$2.1M	$435K	50x
Extended EUR-USD	+0.0032%	1h	1.1474	+0.009%	$6.7M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0039%	1h	1.1466	−0.057%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1506	+0.288%	—	$264K	100x	as long as short
Hotstuff EURUSD-PERP	+0.0056%	1h	1.1480	+0.062%	$33K	—	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1478	+0.045%	$190K	$61K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1481	+0.071%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0123%	1h	1.1481	+0.071%	$23.3M	$1.8M	50x	as long as short