Funding you earn now, next payment 00:00 UTC−0.0119%/8h= −13.0% APRnext payment −$0.15 per $10,000 · paid last 24h −0.054%
Price spread now: Kraken Futures against Lighter−0.106%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 against this trade now: funding costs −$4 a day on $10k at the current rate, and Kraken Futures is 0.106% cheaper against Lighter than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter EURUSD | 1.1476 | 0.0024 | pay 0.0003% / 1h | 14m 46s | $2.1M | $534K | 50x |
| Short | Kraken Futures PF_EURUSD | 1.1463 | −0.0095 | pay 0.0012% / 1h | 14m 46s | $3K | — | 50x |
Lighter EURUSD
Kraken Futures PF_EURUSDFunding 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
- −$24.89
- Price spread: −0.106% → 0.000%
- −$10.63
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$45.52
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 2 min ago; Kraken Futures: no order-book sample. 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 Lighter live order book, 2 min ago | 1.35 bp | 1.4 bp −$1 | 4.4 bp −$44 | 65.6 bp −$6,563 | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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 | −0.0158% | 4h | 1.1466 | −0.084% | $6.8M | $153K | 100x | as long as short |
| Kraken Futures PF_EURUSDshort | −0.0095% | 1h | 1.1463 | −0.106% | $3K | — | 50x | |
| Bybit EURUSDUSDT | 0.0000% | 8h | 1.1471 | −0.037% | $584K | $279K | 100x | as long as short |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1482 | +0.056% | $142K | $4K | 100x | as long as short |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1472 | −0.031% | $250K | $26K | 100x | as long as short |
| Orderly PERP_EURUSD_USDC | 0.0000% | 8h | 1.1464 | −0.101% | $198K | $111K | 50x | as long as short |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1471 | −0.040% | — | $2.6M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1473 | −0.023% | $12K | $258K | 20x | as long as short |
| Nado EURUSD-PERP | +0.0010% | 1h | 1.1466 | −0.084% | $466K | $265K | 40x | as long as short |
| Lighter EURUSDlong | +0.0024% | 1h | 1.1476 | long leg | $2.1M | $534K | 50x |
MEXC EUR_USDT
Bybit EURUSDUSDT
Gate EURUSD_USDT
Bitget EURUSDUSDT
Orderly PERP_EURUSD_USDC
SunX EURUSD-USDT
HTX EURUSD-USDT
Nado EURUSD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended EUR-USD | +0.0032% | 1h | 1.1464 | −0.102% | $6.7M | $1.7M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1470 | −0.045% | $9K | $78K | 101x | as long as short |
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1495 | +0.172% | — | $287K | 100x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1464 | −0.098% | $190K | $146K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1475 | −0.009% | $12K | — | 10x | as long as short |
| Hotstuff EURUSD-PERP | +0.0112% | 1h | 1.1473 | −0.023% | $33K | — | 50x | as long as short |
| tradeXYZ xyz:EUR | +0.0187% | 1h | 1.1471 | −0.040% | $23.2M | $2.4M | 50x | as long as short |
| Hibachi EUR/USDT-P | +0.0208% | 1h | 1.1467 | −0.077% | $166K | $8.4M | 30x | as long as short |
Extended EUR-USD
Injective EURUSD/USDC PERP
Vest EUR-USD-PERP
Pacifica EURUSD
Aevo EURUSD-PERP
Hotstuff EURUSD-PERP
tradeXYZ xyz:EUR
Hibachi EUR/USDT-P