Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,401 | +0.0050 | pay 0.0006% / 1h | 44m 47s | $70K | $13K | 5x | Long Kraken Futures | |
| SHORT | 1,474.3 | +0.0016 | get 0.0002% / 1h | 44m 47s | $5.3M | $20.2M | 5x | Short Lighter RH+10% pts |
Price gap+5.234%
Funding gap−0.0034% /8h
The gap pays +$523 on $10k if it goes back to zero (no 7-day history yet), but funding costs $1 a day and eats that in about 17 months.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$8−0.0034% /8h now · paid −0.080% over the last 7D
Price—spread +5.234% now · no price history on both exchanges yet
Costsno datano order book for Kraken Futures
Result, before costs—+ Points / potential airdropLighter RH: Points live · farm boardneeds both price histories
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+5.234%
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
/8hOPENAI on 26 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Note: Order book unknown—No order-book sample for Kraken Futures: its slippage is not counted.
- Note: Margin at max leverage$2,000 + $2,000Kraken Futures 5x, Lighter RH 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$1.02Long Kraken Futures: 24 payments, −$1.50; short Lighter RH: 24 payments, +$0.48.
- Note: No 7-day spread history+5.234%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner$70K vs $5.3M OIKraken Futures sets your exit cost. Check its book before closing.
- OK: Points on a legLighter RH Points liveVolume here counts toward the points program.
- Watch: KYCKraken Futures Yes · Lighter RH NoFull 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 outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0038%/8h × 21 periods−$8.05
Price spread+5.234% → 0+$523.37
Slippage, 4 ordersno data for Kraken Futures—
Fee Kraken Futures bp × 2 orders−$10.00
Fee Lighter RH bp × 2 orders$0.00
Net, fees only · 7 days · $10k+$505.33
Costs to cover0.100%Break-evenfrom the start
Slippage: Kraken Futures: no order-book sample; Lighter RH: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures—————
SELL · SHORTLighter RH1.252.4 bp−$2304.3 bp−$3,043doesn’t fitdoesn’t fit
Closing costs about the same again.
Kraken Futures: no data.
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