Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 885.41 | +0.0214 | pay 0.0027% / 1h | 42m 28s | $643K | $98K | 20x | Long Kraken Futures | |
| SHORT | 885.67 | +0.0376 | get 0.0047% / 1h | 42m 28s | $1.6M | $5.5M | 10x | Short Lighter RH+10% pts |
Price gap+0.029%
Funding gap+0.0162% /8h
Both sides work: funding pays +$5 a day on $10k, and the gap is 0.021% above its 7d average: +$2 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$65+0.0162% /8h now · paid −0.645% over the last 7D
Price+$2spread +0.029% now, avg +0.008% → +0.021% if it goes back
Costs−$350.353% of $10k · taker + slippage, in and out
Result−$98−0.98%+ Points / potential airdropLighter RH: Points live · farm boardWhat the last 7D really paid, hour by hour → backtest
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+0.029%
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
3 ok · 3 to watch- Watch: Thin at this size16.2 / 1.2 bpAt $10k entering Kraken Futures costs 16.2 bp, fee and slippage, 13.3× Lighter RH’s.
- Note: Margin at max leverage$500 + $1,000Kraken Futures 20x, Lighter RH 10x. 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: +$4.85Long Kraken Futures: 24 payments, −$6.43; short Lighter RH: 24 payments, +$11.28.
- OK: Entry gap works for you+0.029% vs +0.008%You short the dearer leg. If the gap goes back to average, the short gains.
- 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 RH Points liveVolume here counts toward the points program.
- Watch: KYCKraken Futures Yes · Lighter RH 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−0.0307%/8h × 21 periods−$64.55
Price spread+0.029% → +0.008% (7d avg)+$2.14
Slippage, 4 orderslive order books−$25.26
Fee Kraken Futures bp × 2 orders−$10.00
Fee Lighter RH bp × 2 orders$0.00
Net · 7 days · $10k−$97.67
Costs to cover0.353%Break-evennever at this rate
Slippage: Kraken Futures: live order book, 46 min ago; Lighter RH: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures4.6416.2 bp−$1619.7 bp−$197doesn’t fitdoesn’t fit
SELL · SHORTLighter RH1.191.2 bp−$12.7 bp−$27doesn’t fitdoesn’t fit
Closing costs about the same again.
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