Funding you earn now, next payment 05:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.04 per $10,000 · paid last 24h +0.007%
Price spread now: Lighter against Kraken Futures−0.066%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$620.618% of the position
Funding, last 7 days+0.141%+$14 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.066%, 7d avg −0.059%
=Together, before fees+0.151%+ Points / potential airdropLighter: Season 3 · farm board+$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.059%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_FILUSD | 1.0062 | 0.0066 | pay 0.0008% / 1h | 44m 13s | $1.4M | $2.2M | 50x |
| Short | Lighter FIL | 1.0056 | 0.0096 | get 0.0012% / 1h | 44m 13s | $155K | $357K | 5x |
Kraken Futures PF_FILUSD
Lighter FILFunding 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
- $6.3
- Price spread: −0.066% → −0.059%
- −$0.72
- Slippage, 4 orders
- −$51.76
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$56.18
- Costs to cover
- 0.618%
- Break-even
- 69.5 days
Slippage from Kraken Futures: live order book, 4 min ago; Lighter: live order book, just now.
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 live order book, 4 min ago | 4.98 bp | 23.0 bp −$23 | 37.4 bp −$374 | doesn't fit | doesn't fit |
| Sell Lighter live order book, just now | 7.86 bp | 9.3 bp −$9 | 23.9 bp −$239 | doesn't fit | doesn't fit |
FIL on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FIL_USDC-PERPETUAL | −0.0445% | 1h | 1.0062 | −0.004% | $173K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0240% | 1h | 1.0037 | −0.252% | $366K | $2.2M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0012% | 8h | 1.0062 | −0.004% | $18.6M | $106.4M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 1.0058 | −0.040% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0055 | −0.077% | $59K | $2K | 10x | as long as short |
| KuCoin FILUSDTM | +0.0021% | 8h | 1.0057 | −0.054% | $7.3M | $7.6M | 50x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −2.061% | $2K | $240K | 12x | as long as short |
| Kraken Futures PF_FILUSDlong | +0.0066% | 1h | 1.0062 | long leg | $1.4M | $2.2M | 50x | |
| Lighter FILshort | +0.0096% | 1h | 1.0056 | −0.066% | $155K | $357K | 5x | |
| Hyperliquid FIL | +0.0100% | 1h | 1.0059 | −0.034% | $8.5M | $9.4M | 5x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
OKX FIL-USDT-SWAP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
KuCoin FILUSDTM
Injective FIL/USDC PERP
Hyperliquid FILShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster FILUSDT | +0.0100% | 8h | 1.0061 | −0.018% | $516K | $608K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 1.0057 | −0.058% | $58.0M | $183.8M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 1.0054 | −0.083% | $15.9M | $20.3M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 1.0056 | −0.063% | $8.5M | $16.7M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 1.0054 | −0.083% | $244K | $103K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 1.0052 | −0.103% | $11.2M | $20.2M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 1.0051 | −0.113% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0045 | −0.175% | $453K | $264K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0034 | −0.283% | $46K | $297K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 1.0035 | −0.268% | $303K | $1.0M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0040 | −0.222% | $30K | $181K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0064 | +0.018% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0060 | −0.024% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0053 | −0.093% | $483 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0065 | +0.026% | $628K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 1.0050 | −0.123% | $1.2M | $2.5M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 1.0052 | −0.102% | $708K | $3.3M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 1.0058 | −0.044% | $2.7M | $675K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0576% / S −0.0237% | 1h | 1.0058 | −0.041% | $268K | — | 100x | as long as short |
Aster FILUSDT
Binance FILUSDT
Bybit FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
BingX FIL-USDC
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
Extended FIL-USD
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]