Funding you earn now, next payment 06:00 UTC+0.0439%/8h= +48.1% APRnext payment +$0.55 per $10,000 · paid last 24h +0.063%
Price spread now: Kraken Futures against Lighter+0.054%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$560.556% of the position
Funding, last 7 days+0.217%+$22 on $10k
+Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.054%, 7d avg +0.025%
=Together, before fees+0.195%+ Points / potential airdropLighter: Season 3 · farm board+$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Kraken Futures is 0.030% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.025%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.217% in total (about 11.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.55 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 SEI | 0.06016 | 0.0096 | pay 0.0012% / 1h | 4m 22s | $272K | $1.1M | 10x |
| Short | Kraken Futures PF_SEIUSD | 0.06019 | 0.0535 | get 0.0067% / 1h | 4m 22s | $362K | $1.6M | 50x |
Lighter SEI
Kraken Futures PF_SEIUSDFunding 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
- $92.16
- Price spread: +0.054% → +0.025%
- $2.96
- Slippage, 4 orders
- −$45.61
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $39.51
- Costs to cover
- 0.556%
- Break-even
- 4.0 days
Slippage from Lighter: live order book, 1 min ago; Kraken Futures: live order book, 4 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, 1 min ago | 3.32 bp | 11.0 bp −$11 | 33.7 bp −$337 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 5.82 bp | 18.3 bp −$18 | 46.1 bp −$461 | doesn't fit | doesn't fit |
SEI on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SEI | −0.0132% | 8h | 0.06013 | −0.051% | $317K | $180K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.06014 | −0.026% | — | — | 150x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0018% / S +0.0009% | 1h | 0.06016 | −0.002% | $3K | — | 100x | as long as short |
| Deribit SEI_USDC-PERPETUAL | +0.0082% | 1h | 0.06019 | +0.050% | $380 | $72K | 25x | as long as short |
| Lighter SEIlong | +0.0096% | 1h | 0.06016 | long leg | $272K | $1.1M | 10x | |
| Hyperliquid SEI | +0.0100% | 1h | 0.06019 | +0.058% | $3.5M | $4.9M | 5x | as long as short |
| Aster SEIUSDT | +0.0100% | 8h | 0.06021 | +0.084% | $315K | $360K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.06019 | +0.048% | $14.5M | $126.4M | 75x | as long as short |
| Bybit SEIUSDT | +0.0100% | 8h | 0.06012 | −0.066% | $14.2M | $34.4M | 50x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.06012 | −0.066% | $3.4M | $36.9M | 50x | as long as short |
Variational Omni SEI
gTrade (Gains Network) SEI/USD
GMX SEI/USD [ETH-USDC]
Deribit SEI_USDC-PERPETUAL
Hyperliquid SEI
Aster SEIUSDT
Binance SEIUSDT
Bybit SEIUSDT
OKX SEI-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SEI_USDT | +0.0100% | 8h | 0.06016 | 0.000% | $1.1M | $3.1M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.06017 | +0.017% | $35.1M | $27.9M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.06019 | +0.050% | $6.6M | $14.5M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.06018 | +0.033% | $9.8M | $16.6M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.06015 | −0.017% | — | $31.4M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.06022 | +0.100% | $108K | $647K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.06013 | −0.055% | $205K | $2.4M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.06010 | −0.100% | $102K | $672K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.06017 | +0.017% | $2K | $129K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06026 | +0.166% | $23K | $3.9M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.06018 | +0.030% | $77K | $558K | 25x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0280% | 1h | 0.06024 | +0.133% | $43K | $231K | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.06017 | +0.024% | $115 | — | 20x | as long as short |
| BloFin SEI-USDT | +0.0368% | 8h | 0.06019 | +0.050% | $725K | $1.4M | 75x | as long as short |
| Injective SEI/USDC PERP | +0.0410% | 1h | 0.06042 | +0.432% | $9K | $43K | 12x | as long as short |
| Kraken Futures PF_SEIUSDshort | +0.0535% | 1h | 0.06019 | +0.054% | $362K | $1.6M | 50x | |
| dYdX SEI-USD | +0.1311% | 1h | 0.06012 | −0.060% | $103K | $2K | 5x | as long as short |
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
Backpack SEI_USDC_PERP
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
Orderly PERP_SEI_USDC
SunX SEI-USDT
Extended SEI-USD
Coinbase International SEI-PERP-INTX
Reya SEIRUSDPERP
BloFin SEI-USDT
Injective SEI/USDC PERP
dYdX SEI-USD