NOT

Alert

Funding spread now, next payment 17:00 UTC+0.7834%/8h

next payment, per $10,000+$9.79paid, last 24h+0.216%paid, last 4 days+0.082%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 4 days it paid 0.082% in total (about 8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.79 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 1000NOT	0.0005063	0.0096	pay 0.0012% / 1h	55m 02s	$11K	$7K	3x
Short	Kraken Futures PF_NOTUSD	0.0005092	0.7930	get 0.0991% / 1h	55m 02s	$49K	$8K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee Kraken FuturesbpOrdersRate

Funding earned: $1,645.23
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $1,635.23
Break-even: 0.0 days

Slippage unknown: Lighter: no order-book sample; Kraken Futures: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.564%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Lighter and Kraken Futures: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni NOT	−0.0099%	4h	$62K	$48K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	$1K	$28K	5.5x	as long as short
BloFin NOT-USDT	+0.0094%	4h	$116K	$20K	50x	as long as short
Lighter 1000NOTlong	+0.0096%	1h	$11K	$7K	3x
Hyperliquid NOT	+0.0100%	1h	$371K	$64K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	$14K	$23K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	$2.1M	$3.5M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	$2.1M	$1.1M	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	$605K	$729K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	$142K	$115K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	$1.5M	$463K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	$486K	$166K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	$649K	$483K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	—	$3.8M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	$4K	$2K	5x	as long as short
Kraken Futures PF_NOTUSDshort	+0.7930%	1h	$49K	$8K	10x