Funding you earn now, next payment 07:00 UTC+0.0150%/8h= +16.5% APRnext payment +$0.19 per $10,000 · paid last 24h −0.009%
Price spread now: Kraken Futures against Lighter+0.084%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$540.539% of the position
Funding, last 7 days−0.131%−$13 on $10k
+Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.084%, 7d avg +0.054%
=Together, before fees−0.158%+ Points / potential airdropLighter: Season 3 · farm board−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.030% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.054%. Mind the row above: over the last 7 days funding on this pair cost −0.131%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter FIL | 0.9906 | 0.0096 | pay 0.0012% / 1h | 52m 14s | $147K | $355K | 5x |
| Short | Kraken Futures PF_FILUSD | 0.9915 | 0.0246 | get 0.0031% / 1h | 52m 14s | $1.3M | $2.2M | 50x |
Lighter FIL
Kraken Futures PF_FILUSDFunding 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
- $31.55
- Price spread: +0.084% → +0.054%
- $2.97
- Slippage, 4 orders
- −$43.93
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$19.4
- Costs to cover
- 0.539%
- Break-even
- 11.3 days
Slippage from Lighter: live order book, 47 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, 47 min ago | 5.98 bp | 9.2 bp −$9 | 29.6 bp −$296 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 4.54 bp | 16.0 bp −$16 | 32.7 bp −$327 | 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 | −0.0556% | 1h | 0.9916 | +0.098% | $171K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0248% | 1h | 0.9920 | +0.138% | $355K | $2.3M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9912 | +0.054% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9913 | +0.066% | $58K | $1K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.518% | $2K | $240K | 12x | as long as short |
| OKX FIL-USDT-SWAP | +0.0045% | 8h | 0.9906 | −0.003% | $18.0M | $109.5M | 50x | as long as short |
| KuCoin FILUSDTM | +0.0062% | 8h | 0.9908 | +0.017% | $7.3M | $7.9M | 50x | as long as short |
| Lighter FILlong | +0.0096% | 1h | 0.9906 | long leg | $147K | $355K | 5x | |
| Hyperliquid FIL | +0.0100% | 1h | 0.9912 | +0.058% | $8.3M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9914 | +0.074% | $506K | $606K | 20x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
Hyperliquid FIL
Aster FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0100% | 8h | 0.9908 | +0.017% | $56.0M | $188.0M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9908 | +0.017% | $15.6M | $20.6M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9909 | +0.027% | $8.2M | $16.6M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9905 | −0.013% | $234K | $103K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9906 | −0.003% | $11.3M | $20.1M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9907 | +0.007% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9941 | +0.348% | $450K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9931 | +0.250% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9926 | +0.203% | $299K | $1.3M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9950 | +0.441% | $29K | $183K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9919 | +0.131% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9900 | −0.064% | $3K | $1.2M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9908 | +0.017% | $484 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9921 | +0.148% | $615K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9900 | −0.064% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9905 | −0.011% | $697K | $1.4M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9916 | +0.098% | $2.7M | $701K | 75x | as long as short |
| Kraken Futures PF_FILUSDshort | +0.0246% | 1h | 0.9915 | +0.084% | $1.3M | $2.2M | 50x | |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0602% / S −0.0280% | 1h | 0.9911 | +0.051% | $265K | — | 100x | as long as short |
Binance FILUSDT
Bybit FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
BingX FIL-USDT
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]