Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 885.61 | +0.0214 | pay 0.0027% / 1h | 42m 53s | $643K | $98K | 20x | Long Kraken Futures | |
| SHORT | 885.76 | +0.0440 | get 0.0055% / 1h | 42m 53s | $1.6M | $3.6M | 20x | Short Lighter7d free |
Price gap+0.017%57s
Funding gap+0.0226% /8h
Funding trade: +$7 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$61+0.0226% /8h now · paid −0.611% over the last 7D
Price—spread +0.017%57s now · prices read too far apart to compare
Costs−$320.325% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.017%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hMU on 46 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size16.2 / 0.3 bpAt $10k entering Kraken Futures costs 16.2 bp, fee and slippage, 48.0× Lighter’s.
- Note: Margin at max leverage$500 + $500Kraken Futures 20x, Lighter 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$6.77Long Kraken Futures: 24 payments, −$6.43; short Lighter: 24 payments, +$13.20.
- Watch: Prices read 57 s apart+0.017% vs +0.017%Part of this gap may be the market moving.
- Watch: Long leg is thinner$643K vs $1.6M OIKraken Futures sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- Watch: KYCKraken Futures Yes · Lighter NoFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0291%/8h × 21 periods−$61.07
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$22.49
Fee Kraken Futures bp × 2 orders−$10.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$93.55
price spread not counted: prices read too far apartCosts to cover0.325%Break-evennever at this rate
Slippage: Kraken Futures: live order book, 46 min ago; Lighter: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures4.6416.2 bp−$1619.7 bp−$197doesn’t fitdoesn’t fit
SELL · SHORTLighter0.170.3 bp$00.4 bp−$416.5 bp−$1,647doesn’t fit
Closing costs about the same again.
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