Funding you earn now, next payment 02:00 UTC+0.0215%/8h= +23.6% APRnext payment +$0.27 per $10,000 · paid last 24h −0.032%
Price spread now: Kraken Futures against Lighter+0.135%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$630.631% of the position
Funding, last 7 days−0.148%−$15 on $10k
+Price spread, last 3 days (all we have)+0.455%+$45 · spread now +0.135%, 7d avg +0.040%
=Together, before fees+0.307%+ Points / potential airdropLighter: Season 3 · farm board+$31 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 0.095% dearer against Lighter than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.040%. Mind the row above: over the last 7 days funding on this pair cost −0.148%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.148% in total (about -7.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.27 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ARB | 0.2216 | 0.0096 | pay 0.0012% / 1h | 17m 32s | $1.2M | $7.4M | 15x |
| Short | Kraken Futures PF_ARBUSD | 0.2219 | 0.0311 | get 0.0039% / 1h | 17m 32s | $1.1M | $4.7M | 50x |
Lighter ARB
Kraken Futures PF_ARBUSDFunding 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
- $45.22
- Price spread: +0.135% → +0.040%
- $9.47
- Slippage, 4 orders
- −$53.1
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$8.41
- Costs to cover
- 0.631%
- Break-even
- 8.3 days
Slippage from Lighter: live order book, 6 min ago; Kraken Futures: live order book, 1 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, 6 min ago | 2.92 bp | 10.5 bp −$10 | 20.3 bp −$203 | 102.0 bp −$10.2K | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 12.83 bp | 22.3 bp −$22 | 30.6 bp −$306 | 584.7 bp −$58.5K | doesn't fit |
ARB on 35 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ARB/USDC PERP | −0.1692% | 1h | 0.2206 | −0.469% | $40K | $372K | 12x | as long as short |
| SoDEX ARB-USD | −0.0227% | 1h | 0.2219 | +0.131% | $10K | $2.5M | 5x | as long as short |
| 01 Exchange ARBUSD | −0.0224% | 1h | 0.2214 | −0.122% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0167% | 8h | 0.2218 | +0.060% | $1.9M | $2.9M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0126% | 8h | 0.2212 | −0.180% | $22.4M | $156.3M | 50x | as long as short |
| MEXC ARB_USDT | −0.0125% | 8h | 0.2213 | −0.131% | $39.2M | $60.2M | 200x | as long as short |
| Gate ARB_USDT | −0.0068% | 8h | 0.2215 | −0.077% | $5.4M | $19.9M | 60x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0065% | 1h | 0.2219 | +0.131% | $24K | $34K | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0063% | 8h | 0.2219 | +0.117% | $12K | $383K | 10x | as long as short |
| Bybit ARBUSDT | −0.0042% | 8h | 0.2213 | −0.162% | $56.6M | $128.6M | 50x | as long as short |
Injective ARB/USDC PERP
SoDEX ARB-USD
01 Exchange ARBUSD
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Gate ARB_USDT
Deribit ARB_USDC-PERPETUAL
Orderly PERP_ARB_USDC
Bybit ARBUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2218 | +0.052% | $66K | $5K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2212 | −0.182% | $355K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0002% | 8h | 0.2213 | −0.151% | $64.5M | $317.0M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0011% | 1h | 0.2215 | −0.045% | $10K | — | 150x | as long as short |
| ApeX Omni ARBUSDT | +0.0031% | 1h | 0.2214 | −0.108% | $119K | $285K | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2220 | +0.185% | $141K | $7K | 3x | as long as short |
| Lighter ARBlong | +0.0096% | 1h | 0.2216 | long leg | $1.2M | $7.4M | 15x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2215 | −0.068% | $38.6M | $51.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2217 | +0.016% | $660K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2216 | 0.000% | $42K | $184K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2214 | −0.122% | $19.6M | $15.7M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2213 | −0.153% | $21.2M | $36.4M | 50x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2213 | −0.140% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2214 | −0.091% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2215 | −0.068% | $472K | $3.7M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2214 | −0.104% | $92K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2219 | +0.117% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2218 | +0.054% | $298K | $996K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2217 | +0.027% | $5.0M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2222 | +0.253% | $508K | $2.1M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0273% / S −0.0155% | 1h | 0.2221 | +0.198% | $829K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2213 | −0.160% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSDshort | +0.0311% | 1h | 0.2219 | +0.135% | $1.1M | $4.7M | 50x | |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2215 | −0.045% | $477K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0536% | 1h | 0.2221 | +0.208% | $1.0M | $2.9M | 20x | as long as short |
dYdX ARB-USD
Extended ARB-USD
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
ApeX Omni ARBUSDT
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDC
edgeX ARBUSDC
GRVT ARB_USDT_Perp
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP