Funding you earn now, next payment 06:00 UTC−0.0099%/8h= −10.8% APRnext payment −$0.12 per $10,000 · paid last 24h +0.053%
Price spread now: Lighter against Kraken Futures+0.126%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$970.967% of the position
Funding, last 7 days−0.348%−$35 on $10k
+Price spread, last 4 days (all we have)−0.378%−$38 · spread now +0.126%, 7d avg +0.011%
=Together, before fees−0.726%+ Points / potential airdropLighter: Season 3 · farm board−$73 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.115% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.126% now, against its 7-day average of +0.011%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_TIAUSD | 0.4303 | 0.0195 | pay 0.0024% / 1h | 25m 44s | $341K | $205K | 50x |
| Short | Lighter TIA | 0.4308 | 0.0096 | get 0.0012% / 1h | 25m 44s | $149K | $428K | 10x |
Kraken Futures PF_TIAUSD
Lighter TIAFunding 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
- −$20.72
- Price spread: +0.126% → +0.011%
- $11.54
- Slippage, 4 orders
- −$86.68
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$105.85
- Costs to cover
- 0.967%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 22 min ago; Lighter: live order book, 14 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, 22 min ago | 19.47 bp | 26.6 bp −$27 | 67.3 bp −$673 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 14 min ago | 2.20 bp | 13.4 bp −$13 | 78.8 bp −$788 | 327.3 bp −$32.7K | doesn't fit |
TIA 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni TIAUSDT | −0.0004% | 1h | 0.4319 | +0.373% | $49K | $227K | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4302 | −0.023% | $30K | $25K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4303 | −0.003% | $1K | — | 150x | as long as short |
| Lighter TIAshort | +0.0096% | 1h | 0.4308 | +0.126% | $149K | $428K | 10x | |
| Orderly PERP_TIA_USDC | +0.0099% | 4h | 0.4301 | −0.046% | $6K | $268K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4309 | +0.138% | $4.6M | $1.4M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4303 | +0.010% | $33K | $247K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4307 | +0.099% | $13.5M | $44.2M | 75x | as long as short |
| Bybit TIAUSDT | +0.0100% | 4h | 0.4311 | +0.187% | $9.6M | $13.8M | 50x | as long as short |
| OKX TIA-USDT-SWAP | +0.0100% | 4h | 0.4310 | +0.163% | $2.7M | $6.3M | 50x | as long as short |
ApeX Omni TIAUSDT
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
Orderly PERP_TIA_USDC
Hyperliquid TIA
Aster TIAUSDT
Binance TIAUSDT
Bybit TIAUSDT
OKX TIA-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TIA_USDT | +0.0100% | 4h | 0.4304 | +0.024% | $965K | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4301 | −0.046% | $10.1M | $6.5M | 300x | as long as short |
| KuCoin TIAUSDTM | +0.0100% | 4h | 0.4297 | −0.139% | $4.1M | $9.5M | 50x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4303 | +0.001% | $4.4M | $3.7M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4303 | +0.001% | — | $103.1M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4302 | −0.020% | $99K | $174K | 10x | as long as short |
| Variational Omni TIA | +0.0100% | 4h | 0.4300 | −0.074% | $100K | $51K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4300 | −0.069% | $57K | $73K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4299 | −0.091% | $54K | $212K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4299 | −0.081% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0181% | 1h | 0.4300 | −0.071% | $6K | — | 15x | as long as short |
| Kraken Futures PF_TIAUSDlong | +0.0195% | 1h | 0.4303 | long leg | $341K | $205K | 50x | |
| GMX TIA/USD [ETH-USDC] | L +0.0197% / S +0.0051% | 1h | 0.4303 | +0.001% | $6K | — | 100x | as long as short |
| Injective TIA/USDC PERP | +0.0237% | 1h | 0.4300 | −0.069% | $25K | $11K | 12x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4304 | +0.024% | $1.6M | $694K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0400% | 1h | 0.4378 | +1.744% | $47K | $84K | 50x | as long as short |
| dYdX TIA-USD | +0.0471% | 1h | 0.4308 | +0.120% | $51K | $139 | 10x | as long as short |
Gate TIA_USDT
MEXC TIA_USDT
KuCoin TIAUSDTM
Bitget TIAUSDT
BingX TIA-USDT
Backpack TIA_USDC_PERP
Variational Omni TIA
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
GMX TIA/USD [ETH-USDC]
Injective TIA/USDC PERP
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX
dYdX TIA-USD