Funding you earn now, next payment 22:00 UTC−0.0315%/8h= −34.5% APRnext payment −$0.39 per $10,000 · paid last 24h +0.057%
Price spread now: Kraken Futures against Lighter−0.087%7-day average +0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$770.766% of the position
Funding, last 7 days+0.462%+$46 on $10k
+Price spread, last 3 days (all we have)−0.031%−$3 · spread now −0.087%, 7d avg +0.042%
=Together, before fees+0.431%+ Points / potential airdropLighter: Season 3 · farm board+$43 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Kraken Futures is 0.129% cheaper against Lighter than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.042%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.462%, 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 | Lighter PYTH | 0.06254 | 0.0096 | pay 0.0012% / 1h | 59m 37s | $196K | $208K | 5x |
| Short | Kraken Futures PF_PYTHUSD | 0.06249 | −0.0219 | pay 0.0027% / 1h | 59m 37s | $380K | $253K | 25x |
Lighter PYTH
Kraken Futures PF_PYTHUSDFunding 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
- −$66.17
- Price spread: −0.087% → +0.042%
- −$12.93
- Slippage, 4 orders
- −$66.58
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$155.68
- Costs to cover
- 0.766%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 14 min ago; Kraken Futures: live order book, 23 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, 14 min ago | 3.95 bp | 11.6 bp −$12 | 98.4 bp −$984 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 23 min ago | 22.07 bp | 29.5 bp −$29 | 161.5 bp −$1,615 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PYTH/USDC PERP | −0.0586% | 1h | 0.06260 | +0.096% | $553 | $220K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSDshort | −0.0219% | 1h | 0.06249 | −0.087% | $380K | $253K | 25x | |
| Deribit PYTH_USDC-PERPETUAL | −0.0069% | 1h | 0.06260 | +0.096% | $10K | $10K | 10x | as long as short |
| Gate PYTH_USDT | −0.0066% | 4h | 0.06249 | −0.080% | $1.1M | $473K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06259 | +0.075% | $186K | $19 | 5x | as long as short |
| BloFin PYTH-USDT | +0.0004% | 4h | 0.06258 | +0.064% | $421K | $115K | 75x | as long as short |
| Bybit PYTHUSDT | +0.0027% | 4h | 0.06255 | +0.016% | $7.4M | $5.1M | 50x | as long as short |
| MEXC PYTH_USDT | +0.0030% | 4h | 0.06240 | −0.224% | $9.1M | $2.3M | 125x | as long as short |
| Binance PYTHUSDT | +0.0032% | 4h | 0.06252 | −0.032% | $8.9M | $16.7M | 75x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0048% | 1h | 0.06431 | +2.830% | $40K | $6K | 25x | as long as short |
Injective PYTH/USDC PERP
Deribit PYTH_USDC-PERPETUAL
Gate PYTH_USDT
dYdX PYTH-USD
BloFin PYTH-USDT
Bybit PYTHUSDT
MEXC PYTH_USDT
Binance PYTHUSDT
Coinbase International PYTH-PERP-INTXShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06250 | −0.064% | $22K | — | 3x | as long as short |
| Lighter PYTHlong | +0.0096% | 1h | 0.06254 | long leg | $196K | $208K | 5x | |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06243 | −0.176% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06248 | −0.090% | $1.6M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06253 | −0.016% | $19K | $30K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06249 | −0.080% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06250 | −0.064% | $1.5M | $313K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06256 | +0.032% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06254 | 0.000% | — | $2.8M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06253 | −0.010% | $38K | $88K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06249 | −0.076% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06252 | −0.030% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06251 | −0.052% | — | — | 20x | as long as short |
Aevo PYTH-PERP
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP