Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG885.41+0.0214pay 0.0027% / 1h42m 28s$643K$98K20xLong Kraken Futures
SHORT885.67+0.0376get 0.0047% / 1h42m 28s$1.6M$5.5M10xShort 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 forecast
Funding−$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 · history
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

/8h

MU on 46 exchanges

lowest funding first

Before you open

3 ok · 3 to watch
  • Watch: Thin at this size16.2 / 1.2 bp
    At $10k entering Kraken Futures costs 16.2 bp, fee and slippage, 13.3× Lighter RH’s.
  • Note: Margin at max leverage$500 + $1,000
    Kraken Futures 20x, Lighter RH 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both 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 OI
    Kraken Futures sets your exit cost. Check its book before closing.
  • OK: Points on a legLighter RH Points live
    Volume here counts toward the points program.
  • Watch: KYCKraken Futures Yes · Lighter RH No
    Full 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 out
Position, each leg
Hold for
Orders
Price spread
Funding 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 ago

Cost to enter

taker + slippage from mid, one side
BUY · 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.

Alert

MU news

posts that mention MU or Micron Technology, from every exchangeSearch all news →
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