Funding you earn now, next payment 02:00 UTC−0.0280%/8h= −30.7% APRnext payment −$0.35 per $10,000 · paid last 24h −0.019%
Price spread now: Lighter against Kraken Futures+0.085%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$167as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1211.206% of the position
Funding, last 7 days−0.465%−$46 on $10k
+Price spread, last 3 days (all we have)−0.063%−$6 · spread now +0.085%, 7d avg −0.042%
=Together, before fees−0.528%+ Points / potential airdropLighter: Season 3 · farm board−$53 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.126% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of −0.042%): +$13 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 36 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PYTHUSD | 0.06373 | 0.0376 | pay 0.0047% / 1h | 41m 54s | $390K | $292K | 25x |
| Short | Lighter PYTH | 0.06378 | 0.0096 | get 0.0012% / 1h | 41m 54s | $190K | $205K | 5x |
Kraken Futures PF_PYTHUSD
Lighter PYTHFunding 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
- −$58.81
- Price spread: +0.085% → −0.042%
- $12.62
- Slippage, 4 orders
- −$110.63
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$166.82
- Costs to cover
- 1.206%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 26 min ago; Lighter: live order book, 8 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, 26 min ago | 20.08 bp | 48.1 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 min ago | 3.90 bp | 7.4 bp −$7 | 89.6 bp −$896 | doesn't fit | doesn't fit |
PYTH on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PYTH-USDT | −0.0143% | 4h | 0.06394 | +0.336% | $428K | $113K | 75x | as long as short |
| Binance PYTHUSDT | −0.0100% | 4h | 0.06368 | −0.077% | $9.2M | $17.8M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0100% | 4h | 0.06369 | −0.057% | $9.6M | $2.4M | 125x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06418 | +0.712% | $40K | $18K | 25x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06381 | +0.131% | $189K | $19 | 5x | as long as short |
| Aster PYTHUSDT | +0.0004% | 4h | 0.06366 | −0.098% | $20K | $46K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.767% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0056% | 1h | 0.06370 | −0.041% | $23K | — | 3x | as long as short |
| Gate PYTH_USDT | +0.0060% | 4h | 0.06362 | −0.166% | $1.0M | $494K | 75x | as long as short |
| Lighter PYTHshort | +0.0096% | 1h | 0.06378 | +0.085% | $190K | $205K | 5x |
BloFin PYTH-USDT
Binance PYTHUSDT
MEXC PYTH_USDT
Coinbase International PYTH-PERP-INTX
dYdX PYTH-USD
Aster PYTHUSDT
Injective PYTH/USDC PERP
Aevo PYTH-PERP
Gate PYTH_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06363 | −0.143% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06377 | +0.063% | $2.0M | $1.7M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06369 | −0.057% | $7.6M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06363 | −0.151% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06376 | +0.053% | $1.5M | $336K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06369 | −0.057% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06369 | −0.057% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06395 | +0.352% | $39K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06367 | −0.086% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06371 | −0.025% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSDlong | +0.0376% | 1h | 0.06373 | long leg | $390K | $292K | 25x | |
| Deribit PYTH_USDC-PERPETUAL | +0.0535% | 1h | 0.06376 | +0.053% | $10K | $10K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0686% | 1h | 0.06379 | +0.102% | $38K | $93K | 10x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Deribit PYTH_USDC-PERPETUAL
Backpack PYTH_USDC_PERP