Funding you earn now, next payment 08:00 UTC+0.1128%/8h= +123.5% APRnext payment +$1.41 per $10,000 · paid last 24h +0.654%
Price spread now: Kraken Futures against Lighter+0.111%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs+$246as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$530.531% of the position
Funding, last 7 days+2.992%+$299 on $10k
+Price spread, last 4 days (all we have)−0.550%−$55 · spread now +0.111%, 7d avg +0.053%
=Together, before fees+2.442%+ Points / potential airdropLighter: Season 3 · farm board+$244 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$34 a day on $10k at the current rate, and Kraken Futures is 0.059% dearer against Lighter than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter US100 | 30,462 | 0.0032 | pay 0.0004% / 1h | 55m 37s | $3.9M | $93.6M | 30x |
| Short | Kraken Futures PF_US100USD | 30,495.9 | 0.1160 | get 0.0145% / 1h | 55m 37s | $141K | $141K | 20x |
Lighter US100
Kraken Futures PF_US100USDFunding 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
- $236.91
- Price spread: +0.111% → +0.053%
- $5.87
- Slippage, 4 orders
- −$43.12
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $189.66
- Costs to cover
- 0.531%
- Break-even
- 1.4 days
Slippage from Lighter: live order book, 8 min ago; Kraken Futures: live order book, 47 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 Lighter live order book, 8 min ago | 0.33 bp | 0.3 bp $0 | 0.7 bp −$7 | 5.2 bp −$522 | 221.6 bp −$110.8K |
| Sell Kraken Futures live order book, 47 min ago | 19.18 bp | 24.2 bp −$24 | 51.5 bp −$515 | doesn't fit | doesn't fit |
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 | −0.0281% | 8h | 30,460.8 | −0.004% | $101K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,415.3 | −0.153% | $2.0M | $3.3M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0068% | 8h | 30,465 | +0.010% | $24.1M | $20.6M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,438 | −0.079% | $268K | $380K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,487 | +0.082% | $3.5M | $631K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,471.8 | +0.032% | $4K | $91K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,427.5 | −0.113% | $1.4M | $194K | 10x | as long as short |
| QFEX US100-USD | 0.0000% | 1h | 30,466 | +0.013% | $1.3M | $1.3M | 30x | as long as short |
| Lighter US100long | +0.0032% | 1h | 30,462 | long leg | $3.9M | $93.6M | 30x | |
| Extended TECH100m-USD | +0.0032% | 1h | 30,470.3 | +0.027% | $2.0M | $5.9M | 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 | 30,768.1 | +1.005% | — | $203.2M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,460.3 | −0.005% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,472 | +0.033% | $7.2M | $2.0M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0050% | 1h | 30,465.8 | +0.013% | $6.0M | $8.9M | 25x | as long as short |
| Kraken Futures PF_US100USDshort | +0.1160% | 1h | 30,495.9 | +0.111% | $141K | $141K | 20x |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Ondo Perps US100-USD.P