Funding you earn now, next payment 05:00 UTC−0.2648%/8h= −290.0% APRnext payment −$3.31 per $10,000 · paid last 24h −0.695%
Price spread now: Lighter against Kraken Futures−0.122%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$360as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$580.580% of the position
Funding, last 7 days−3.017%−$302 on $10k
+Price spread, last 4 days (all we have)+0.989%+$99 · spread now −0.122%, 7d avg −0.053%
=Together, before fees−2.029%+ Points / potential airdropLighter: Season 3 · farm board−$203 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$79 a day on $10k at the current rate, and Lighter is 0.069% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.053%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_US100USD | 30,569.2 | 0.2680 | pay 0.0335% / 1h | 16m 45s | $137K | $137K | 20x |
| Short | Lighter US100 | 30,532 | 0.0032 | get 0.0004% / 1h | 16m 45s | $3.9M | $98.9M | 30x |
Kraken Futures PF_US100USD
Lighter US100Funding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$556.18
- Price spread: −0.122% → −0.053%
- −$6.91
- Slippage, 4 orders
- −$47.99
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$621.08
- Costs to cover
- 0.580%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 36 min ago; Lighter: live order book, 7 min ago.
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 live order book, 36 min ago | 22.89 bp | 29.2 bp −$29 | 48.7 bp −$487 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 0.33 bp | 0.3 bp $0 | 0.6 bp −$6 | 4.2 bp −$420 | 218.3 bp −$109.2K |
NAS100 on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NAS100_USDC | −0.0212% | 8h | 30,522.4 | −0.153% | $102K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,513.5 | −0.182% | $1.9M | $3.7M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0070% | 8h | 30,536 | −0.109% | $26.3M | $20.0M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,488 | −0.266% | $262K | $375K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,541 | −0.092% | $3.5M | $634K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,532 | −0.122% | $4K | $90K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,513.5 | −0.182% | $1.4M | $188K | 10x | as long as short |
| QFEX US100-USD | +0.0002% | 1h | 30,528 | −0.135% | $1.3M | $1.3M | 30x | as long as short |
| Lighter US100short | +0.0032% | 1h | 30,532 | −0.122% | $3.9M | $98.9M | 30x | |
| Extended TECH100m-USD | +0.0032% | 1h | 30,536.4 | −0.107% | $2.0M | $5.8M | 20x | as long as short |
Orderly PERP_NAS100_USDC
Gate NAS100_USDT
MEXC NAS100_USDT
OKX US100-USDT-SWAP
Bitget NDX100USDT
Bullet US100-USD
Phemex NAS100USDT
QFEX US100-USD
Extended TECH100m-USDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NDX-USD-PERP | +0.0046% | 1h | 30,824.5 | +0.835% | — | $202.9M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,530.9 | −0.126% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,533 | −0.119% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0116% | 1h | 30,538.5 | −0.100% | $6.0M | $8.4M | 25x | as long as short |
| Kraken Futures PF_US100USDlong | +0.2680% | 1h | 30,569.2 | long leg | $137K | $137K | 20x |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Ondo Perps US100-USD.P