NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0349%/8h= −38.3% APRnext payment −$0.44 per $10,000 · paid last 24h −0.940%

Price spread now: Lighter against Kraken Futures+0.198%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

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. Lighter is 0.198% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.198% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_NOTUSD	0.0005028	0.0445	pay 0.0056% / 1h	5m 08s	$49K	$5K	10x
Short	Lighter 1000NOT	0.0005038	0.0096	get 0.0012% / 1h	5m 08s	$11K	$6K	3x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee LighterbpOrdersPrice spread, now +0.198%Rate

Funding earned: −$73.38
Price spread: +0.198% → 0.000%: $19.79
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$63.59
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kraken Futures: no order-book sample; Lighter: 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Lighter no order-book sample	—	—	—	—	—

Kraken Futures and Lighter: 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.

NOT on 16 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 NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.066%	$1K	$13K	5.5x	as long as short
Variational Omni NOT	+0.0083%	4h	0.0005020	−0.166%	$71K	$38K	—	as long as short
Lighter 1000NOTshort	+0.0096%	1h	0.0005038	+0.198%	$11K	$6K	3x
Hyperliquid NOT	+0.0100%	1h	0.0005030	+0.037%	$341K	$65K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005031	+0.063%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005028	+0.001%	$2.1M	$2.9M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005025	−0.063%	$2.1M	$821K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005030	+0.037%	$644K	$657K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005025	−0.063%	$140K	$57K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005028	−0.003%	$1.3M	$467K	200x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOTUSDTM	+0.0100%	4h	0.0005025	−0.063%	$487K	$131K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005036	+0.156%	$674K	$471K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005029	+0.017%	—	$8.5M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005026	−0.049%	$4K	—	5x	as long as short
BloFin NOT-USDT	+0.0107%	4h	0.0005026	−0.043%	$109K	$18K	50x	as long as short
Kraken Futures PF_NOTUSDlong	+0.0445%	1h	0.0005028	long leg	$49K	$5K	10x