Funding you earn now, next payment 01:00 UTC−0.0232%/8h= −25.4% APRnext payment −$0.29 per $10,000 · paid last 24h +0.027%
Price spread now: Kraken Futures against Lighter−0.254%7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$620.621% of the position
Funding, last 7 days+0.462%+$46 on $10k
+Price spread, last 3 days (all we have)+0.240%+$24 · spread now −0.254%, 7d avg +0.043%
=Together, before fees+0.702%+ Points / potential airdropLighter: Season 3 · farm board+$70 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Kraken Futures is 0.298% cheaper against Lighter than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of +0.043%). 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 | 0.06412 | 0.0096 | pay 0.0012% / 1h | 31m 43s | $203K | $198K | 5x |
| Short | Kraken Futures PF_PYTHUSD | 0.06396 | −0.0136 | pay 0.0017% / 1h | 31m 43s | $393K | $289K | 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
- −$48.65
- Price spread: −0.254% → +0.043%
- −$29.75
- Slippage, 4 orders
- −$52.13
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$140.53
- Costs to cover
- 0.621%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 24 min ago; Kraken Futures: live order book, 41 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, 24 min ago | 3.14 bp | 8.6 bp −$9 | 76.9 bp −$769 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 41 min ago | 7.12 bp | 25.7 bp −$26 | 142.3 bp −$1,423 | 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 | −0.0164% | 4h | 0.06381 | −0.483% | $425K | $113K | 75x | as long as short |
| MEXC PYTH_USDT | −0.0144% | 4h | 0.06406 | −0.094% | $9.8M | $2.4M | 125x | as long as short |
| Binance PYTHUSDT | −0.0139% | 4h | 0.06403 | −0.146% | $9.2M | $17.5M | 75x | as long as short |
| Kraken Futures PF_PYTHUSDshort | −0.0136% | 1h | 0.06396 | −0.254% | $393K | $289K | 25x | |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06368 | −0.686% | $40K | $18K | 25x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06408 | −0.063% | $190K | $19 | 5x | as long as short |
| Aster PYTHUSDT | +0.0017% | 4h | 0.06406 | −0.100% | $22K | $44K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −2.371% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0048% | 1h | 0.06390 | −0.343% | $23K | — | 3x | as long as short |
| Lighter PYTHlong | +0.0096% | 1h | 0.06412 | long leg | $203K | $198K | 5x |
BloFin PYTH-USDT
MEXC PYTH_USDT
Binance PYTHUSDT
Coinbase International PYTH-PERP-INTX
dYdX PYTH-USD
Aster PYTHUSDT
Injective PYTH/USDC PERP
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06373 | −0.610% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06410 | −0.036% | $1.9M | $1.6M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06408 | −0.062% | $7.7M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06403 | −0.140% | $2.1M | $3.4M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06400 | −0.187% | $1.1M | $470K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06410 | −0.031% | $1.5M | $323K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06405 | −0.109% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06404 | −0.125% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06387 | −0.390% | $39K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06381 | −0.476% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06375 | −0.581% | — | — | 20x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0532% | 1h | 0.06396 | −0.250% | $10K | $10K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0931% | 1h | 0.06408 | −0.062% | $36K | $92K | 10x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
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
Deribit PYTH_USDC-PERPETUAL
Backpack PYTH_USDC_PERP