Funding you earn now, next payment 07:00 UTC−0.0492%/8h= −53.9% APRnext payment −$0.62 per $10,000 · paid last 24h +0.024%
Price spread now: Lighter against Kraken Futures+0.022%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
The price spread pays, funding is against you. Lighter is 0.022% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.022% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 4 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_NBISUSD | 230.89 | 0.0684 | pay 0.0086% / 1h | 17m 49s | $23K | $15K | 20x |
| Short | Lighter NBIS | 230.94 | 0.0192 | get 0.0024% / 1h | 17m 49s | $954K | $4.0M | 10x |
Kraken Futures PF_NBISUSD
Lighter NBISFunding 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
- −$103.41
- Price spread: +0.022% → 0.000%
- $2.19
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$111.23
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Lighter: live order book, 10 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 10 min ago | 1.95 bp | 2.0 bp −$2 | 3.7 bp −$37 | 66.4 bp −$6,636 | doesn't fit |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
NBIS on 31 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget NBISUSDT | −0.0579% | 8h | 231.02 | +0.057% | $2.3M | $4.5M | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 230.89 | −0.001% | $84K | $311K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 230.95 | +0.027% | $149K | $635K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 231.01 | +0.052% | $18.5M | $87.3M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 231.06 | +0.074% | $4.9M | $6.7M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 230.90 | +0.005% | $3.3M | $16.2M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 231.05 | +0.069% | $2.7M | $5.2M | 50x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 230.92 | +0.013% | $2.8M | $601K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 230.97 | +0.034% | $5K | $116K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 230.96 | +0.031% | $1K | $1.6M | 10x | as long as short |
Bitget NBISUSDT
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Variational Omni NBIS
GRVT NBIS_USDT_Perp
SunX NBIS-USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX NBIS-USDT | 0.0000% | 8h | 230.93 | +0.018% | $15K | $57K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 230.97 | +0.035% | $1.6M | $964K | 10x | as long as short |
| BloFin NBIS-USDT | +0.0008% | 8h | 230.84 | −0.021% | $203K | $205K | 20x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 230.73 | −0.069% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 230.80 | −0.039% | — | $221K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 230.77 | −0.052% | $137K | $473K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 230.87 | −0.008% | $111 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 230.82 | −0.030% | $151K | $547K | 10x | as long as short |
| Nado NBIS-PERP | +0.0054% | 1h | 230.73 | −0.071% | $37K | $115K | 3x | as long as short |
| QFEX NBIS-USD | +0.0056% | 1h | 230.91 | +0.009% | $1.5M | $3.8M | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0076% | 1h | 230.85 | −0.017% | $54.3M | $21.0M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0097% | 1h | 230.87 | −0.008% | $34K | $49K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 230.89 | 0.000% | $476K | $20K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 230.96 | +0.031% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 230.90 | +0.006% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0120% | 1h | 230.39 | −0.216% | $351K | $812K | 10x | as long as short |
| Lighter NBISshort | +0.0192% | 1h | 230.94 | +0.022% | $954K | $4.0M | 10x | |
| Phoenix NBIS | +0.0311% | 1h | 230.98 | +0.039% | $7K | $150K | 10x | as long as short |
| Entropy io:NBIS | +0.0361% | 1h | 230.83 | −0.026% | $10.0M | $3.1M | 10x | as long as short |
| Kraken Futures PF_NBISUSDlong | +0.0684% | 1h | 230.89 | long leg | $23K | $15K | 20x | |
| edgeX NBISUSDC | +0.0789% | 4h | 230.95 | +0.028% | $37K | $227K | 10x | as long as short |
HTX NBIS-USDT
Phemex NBISUSDT
BloFin NBIS-USDT
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
Nado NBIS-PERP
QFEX NBIS-USD
tradeXYZ xyz:NBIS
Deribit NBIS_USDC-PERPETUAL
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
Phoenix NBIS
Entropy io:NBIS
edgeX NBISUSDC