Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.016%
Price spread now: Kraken Futures against Lighter+0.042%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. Kraken Futures is 0.042% dearer against Lighter than usual: you sell high and buy low (spread +0.042% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NBIS | 232.04 | 0.0272 | pay 0.0034% / 1h | 4m 46s | $938K | $4.0M | 10x |
| Short | Kraken Futures PF_NBISUSD | 232.14 | 0.0222 | get 0.0028% / 1h | 4m 46s | $23K | $15K | 20x |
Lighter NBIS
Kraken Futures PF_NBISUSDFunding 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
- −$10.54
- Price spread: +0.042% → 0.000%
- $4.17
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$16.37
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 3 min ago; Kraken Futures: no order-book sample. 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 Lighter live order book, 3 min ago | 0.43 bp | 0.7 bp −$1 | 7.7 bp −$77 | 86.8 bp −$8,683 | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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 | −0.0417% | 8h | 232.02 | −0.009% | $2.3M | $4.6M | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 231.88 | −0.069% | $85K | $311K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 231.95 | −0.037% | $146K | $753K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 231.99 | −0.022% | $18.6M | $87.0M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 232.00 | −0.017% | $4.9M | $6.5M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 231.90 | −0.060% | $3.3M | $16.2M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 232.08 | +0.017% | $2.7M | $5.1M | 50x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 232.29 | +0.110% | $2.8M | $602K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 232.27 | +0.098% | $5K | $117K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 232.29 | +0.108% | $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 | 232.23 | +0.082% | $15K | $61K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 232.14 | +0.043% | $1.6M | $958K | 10x | as long as short |
| BloFin NBIS-USDT | +0.0027% | 8h | 232.16 | +0.052% | $202K | $206K | 20x | as long as short |
| QFEX NBIS-USD | +0.0029% | 1h | 232.17 | +0.056% | $1.5M | $3.9M | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 232.11 | +0.030% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 232.24 | +0.086% | — | $220K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 232.16 | +0.052% | $138K | $473K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 232.29 | +0.108% | $151K | $548K | 10x | as long as short |
| Nado NBIS-PERP | +0.0051% | 1h | 232.02 | −0.009% | $38K | $115K | 3x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 231.91 | −0.056% | $478K | $20K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 232.22 | +0.078% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 232.13 | +0.041% | — | — | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0115% | 1h | 231.92 | −0.052% | $54.5M | $21.1M | 10x | as long as short |
| SoDEX NBIS-USD | +0.0148% | 1h | 232.09 | +0.022% | $84 | $20K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0168% | 1h | 232.18 | +0.060% | $352K | $816K | 10x | as long as short |
| Kraken Futures PF_NBISUSDshort | +0.0222% | 1h | 232.14 | +0.042% | $23K | $15K | 20x | |
| Phoenix NBIS | +0.0242% | 1h | 232.20 | +0.069% | $7K | $150K | 10x | as long as short |
| Lighter NBISlong | +0.0272% | 1h | 232.04 | long leg | $938K | $4.0M | 10x | |
| Entropy io:NBIS | +0.0399% | 1h | 231.98 | −0.026% | $10.1M | $3.2M | 10x | as long as short |
| edgeX NBISUSDC | +0.0630% | 4h | 232.29 | +0.108% | $37K | $226K | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0785% | 1h | 232.21 | +0.073% | $34K | $49K | 10x | as long as short |
HTX NBIS-USDT
Phemex NBISUSDT
BloFin NBIS-USDT
QFEX NBIS-USD
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
Ondo Perps NBIS-USD.P
Nado NBIS-PERP
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
tradeXYZ xyz:NBIS
SoDEX NBIS-USD
Coinbase International NBIS-PERP-INTX
Phoenix NBIS
Entropy io:NBIS
edgeX NBISUSDC
Deribit NBIS_USDC-PERPETUAL