Funding you earn now, next payment 03:00 UTC+0.0200%/8h= +21.9% APRnext payment +$0.25 per $10,000 · paid last 24h −0.196%
Price spread now: Kraken Futures against Lighter+0.048%7-day average −0.187% · you sell dearer than you buy
Net, funding: paid 7d − costs−$292as in the Funding arb table
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$1971.972% of the position
Funding, last 7 days−0.944%−$94 on $10k
+Price spread, last 3 days (all we have)−0.837%−$84 · spread now +0.048%, 7d avg −0.187%
=Together, before fees−1.781%+ Points / potential airdropLighter: Season 3 · farm board−$178 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 0.234% dearer against Lighter than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.187%. Mind the row above: over the last 7 days funding on this pair cost −0.944%, 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 POPCAT | 0.05588 | 0.0096 | pay 0.0012% / 1h | 51m 26s | $100K | $51K | 10x |
| Short | Kraken Futures PF_POPCATUSD | 0.05591 | 0.0296 | get 0.0037% / 1h | 51m 26s | $150K | $146K | 20x |
Lighter POPCAT
Kraken Futures PF_POPCATUSDFunding 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
- $42.02
- Price spread: +0.048% → −0.187%
- $23.41
- Slippage, 4 orders
- −$187.22
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$131.79
- Costs to cover
- 1.972%
- Break-even
- 29.0 days
Slippage from Lighter: live order book, 49 min ago; Kraken Futures: 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 Lighter live order book, 49 min ago | 19.74 bp | 21.4 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 11 min ago | 22.33 bp | 51.7 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
POPCAT on 17 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 | −0.4257% | 1h | 0.05519 | −1.235% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05591 | +0.052% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0031% | 4h | 0.05600 | +0.216% | $504K | $161K | — | as long as short |
| Lighter POPCATlong | +0.0096% | 1h | 0.05588 | long leg | $100K | $51K | 10x | |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05595 | +0.127% | $2.3M | $6.8M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05579 | −0.161% | $8.8M | $6.3M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05591 | +0.054% | $690K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05587 | −0.018% | $446K | $635K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05595 | +0.125% | $1.8M | $951K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05589 | +0.018% | $1.1M | $986K | 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 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05593 | +0.089% | $1.2M | $931K | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05584 | −0.072% | — | $1.6M | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05598 | +0.173% | $245K | $485K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05590 | +0.036% | $22K | $655K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05589 | +0.023% | $96K | $524K | 10x | as long as short |
| Kraken Futures PF_POPCATUSDshort | +0.0296% | 1h | 0.05591 | +0.048% | $150K | $146K | 20x | |
| Hyperliquid POPCAT | +0.1113% | 1h | 0.05606 | +0.319% | $2.6M | $997K | 3x | as long as short |
Bitget POPCATUSDT
BingX POPCAT-USDC
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
Hyperliquid POPCAT