Funding you earn now, next payment 05:00 UTC−0.0411%/8h= −45.0% APRnext payment −$0.51 per $10,000 · paid last 24h +0.193%
Price spread now: Lighter against Kraken Futures+0.078%7-day average +0.186% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1291.290% of the position
Funding, last 7 days+0.929%+$93 on $10k
+Price spread, last 4 days (all we have)+1.106%+$111 · spread now +0.078%, 7d avg +0.186%
=Together, before fees+2.035%+ Points / potential airdropLighter: Season 3 · farm board+$203 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Lighter is 0.107% cheaper against Kraken Futures than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.186%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.929%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_POPCATUSD | 0.05679 | 0.0507 | pay 0.0063% / 1h | 15m 02s | $151K | $147K | 20x |
| Short | Lighter POPCAT | 0.05683 | 0.0096 | get 0.0012% / 1h | 15m 02s | $102K | $56K | 10x |
Kraken Futures PF_POPCATUSD
Lighter POPCATFunding 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
- −$86.24
- Price spread: +0.078% → +0.186%
- −$10.74
- Slippage, 4 orders
- −$119.03
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$226.01
- Costs to cover
- 1.290%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 37 min ago; Lighter: live order book, 11 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 Kraken Futures live order book, 37 min ago | 26.50 bp | 51.2 bp −$51 | 18462.9 bp −$184.6K | doesn't fit | doesn't fit |
| Sell Lighter live order book, 11 min ago | 12.32 bp | 12.3 bp −$12 | 503.1 bp −$5,031 | doesn't fit | doesn't fit |
POPCAT on 18 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 POPCAT/USDC PERP | −0.4864% | 1h | 0.05611 | −1.190% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05692 | +0.229% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0121% | 4h | 0.05681 | +0.034% | $511K | $164K | — | as long as short |
| Lighter POPCATshort | +0.0096% | 1h | 0.05683 | +0.078% | $102K | $56K | 10x | |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05686 | +0.131% | $2.5M | $7.2M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05675 | −0.063% | $9.0M | $6.7M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05682 | +0.061% | $698K | $1.6M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05683 | +0.078% | $446K | $636K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05685 | +0.113% | $1.8M | $997K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05684 | +0.096% | $1.1M | $987K | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Variational Omni POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05685 | +0.113% | $1.2M | $943K | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05680 | +0.025% | — | $1.6M | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05701 | +0.392% | $253K | $515K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05700 | +0.378% | $22K | $655K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05682 | +0.064% | $98K | $356K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05699 | +0.360% | $130K | $331K | 50x | as long as short |
| Kraken Futures PF_POPCATUSDlong | +0.0507% | 1h | 0.05679 | long leg | $151K | $147K | 20x | |
| Hyperliquid POPCAT | +0.0561% | 1h | 0.05689 | +0.177% | $2.7M | $1.1M | 3x | as long as short |
Bitget POPCATUSDT
BingX POPCAT-USDC
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
BloFin POPCAT-USDT
Hyperliquid POPCAT