Funding you earn now, next payment 07:00 UTC−0.0035%/8h= −3.9% APRnext payment −$0.04 per $10,000 · paid last 24h −0.022%
Price spread now: Lighter against Kraken Futures+0.041%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$920.918% of the position
Funding, last 7 days−0.482%−$48 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.041%, 7d avg −0.030%
=Together, before fees−0.508%+ Points / potential airdropLighter: Season 3 · farm board−$51 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.071% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of −0.030%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.7 days. At the pace of the last 7 days (−0.482% in total) that is about 25 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PYTHUSD | 0.06310 | 0.0131 | pay 0.0016% / 1h | 2m 47s | $382K | $318K | 25x |
| Short | Lighter PYTH | 0.06313 | 0.0096 | get 0.0012% / 1h | 2m 47s | $193K | $218K | 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
- −$7.44
- Price spread: +0.041% → −0.030%
- $7.11
- Slippage, 4 orders
- −$81.84
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$92.17
- Costs to cover
- 0.918%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 40 min ago; Lighter: live order book, 22 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, 40 min ago | 15.01 bp | 23.0 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 22 min ago | 3.94 bp | 6.2 bp −$6 | 75.8 bp −$758 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06310 | −0.007% | $10K | $10K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | 0.0000% | 1h | 0.06308 | −0.032% | $35K | $67K | 10x | as long as short |
| BloFin PYTH-USDT | +0.0016% | 4h | 0.06307 | −0.054% | $423K | $72K | 75x | as long as short |
| dYdX PYTH-USD | +0.0020% | 1h | 0.06317 | +0.100% | $188K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.799% | $553 | $220K | 5.5x | as long as short |
| MEXC PYTH_USDT | +0.0054% | 4h | 0.06299 | −0.181% | $10.4M | $2.7M | 125x | as long as short |
| Binance PYTHUSDT | +0.0056% | 4h | 0.06296 | −0.228% | $8.9M | $19.5M | 75x | as long as short |
| Lighter PYTHshort | +0.0096% | 1h | 0.06313 | +0.041% | $193K | $218K | 5x | |
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06305 | −0.086% | $23K | — | 3x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06303 | −0.124% | $3K | — | 10x | as long as short |
Deribit PYTH_USDC-PERPETUAL
Backpack PYTH_USDC_PERP
BloFin PYTH-USDT
dYdX PYTH-USD
Injective PYTH/USDC PERP
MEXC PYTH_USDT
Binance PYTHUSDT
Aevo PYTH-PERP
Paradex PYTH-USD-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PYTH | +0.0100% | 1h | 0.06305 | −0.083% | $2.2M | $2.0M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06298 | −0.196% | $21K | $46K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06301 | −0.149% | $7.5M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06300 | −0.165% | $2.1M | $3.6M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06307 | −0.054% | $1.0M | $537K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06305 | −0.086% | $1.5M | $370K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06298 | −0.197% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06300 | −0.165% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06317 | +0.111% | $40K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06304 | −0.102% | $2K | $2K | 10x | as long as short |
| Kraken Futures PF_PYTHUSDlong | +0.0131% | 1h | 0.06310 | long leg | $382K | $318K | 25x | |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06302 | −0.138% | — | — | 20x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0368% | 1h | 0.06427 | +1.847% | $40K | $19K | 25x | as long as short |
Hyperliquid PYTH
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Coinbase International PYTH-PERP-INTX