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: Kraken Futures against Lighter−0.040%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as 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)+0.292%+$29 · spread now −0.040%, 7d avg −0.011%
=Together, before fees+0.640%+ Points / potential airdropLighter: Season 3 · farm board+$64 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.029% cheaper against Lighter than usual: you would sell low and buy high (spread −0.040% now, against its 7-day average of −0.011%). If the spread goes back, that is −$3 on $10k: about 24 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TIA | 0.4305 | 0.0096 | pay 0.0012% / 1h | 26m 23s | $149K | $428K | 10x |
| Short | Kraken Futures PF_TIAUSD | 0.4303 | 0.0195 | get 0.0024% / 1h | 26m 23s | $341K | $205K | 50x |
Lighter TIA
Kraken Futures PF_TIAUSDFunding 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
- $20.72
- Price spread: −0.040% → −0.011%
- −$2.94
- Slippage, 4 orders
- −$86.68
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$78.91
- Costs to cover
- 0.967%
- Break-even
- 33.7 days
Slippage from Lighter: live order book, 13 min ago; Kraken Futures: live order book, 21 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, 13 min ago | 2.20 bp | 29.3 bp −$29 | 94.1 bp −$941 | 351.8 bp −$35.2K | doesn't fit |
| Sell Kraken Futures live order book, 21 min ago | 19.47 bp | 27.4 bp −$27 | 77.8 bp −$778 | doesn't fit | 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 | +0.332% | $49K | $227K | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4302 | −0.063% | $30K | $25K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4303 | −0.043% | $1K | — | 150x | as long as short |
| Lighter TIAlong | +0.0096% | 1h | 0.4305 | long leg | $149K | $428K | 10x | |
| Orderly PERP_TIA_USDC | +0.0099% | 4h | 0.4301 | −0.086% | $6K | $268K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4305 | +0.007% | $4.6M | $1.4M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4299 | −0.131% | $33K | $247K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4302 | −0.060% | $13.5M | $44.2M | 75x | as long as short |
| Bybit TIAUSDT | +0.0100% | 4h | 0.4300 | −0.109% | $9.6M | $13.8M | 50x | as long as short |
| OKX TIA-USDT-SWAP | +0.0100% | 4h | 0.4298 | −0.156% | $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 | −0.016% | $965K | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4302 | −0.063% | $10.1M | $6.5M | 300x | as long as short |
| KuCoin TIAUSDTM | +0.0100% | 4h | 0.4299 | −0.132% | $4.1M | $9.5M | 50x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4300 | −0.109% | $4.4M | $3.7M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4299 | −0.132% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4296 | −0.204% | $99K | $174K | 10x | as long as short |
| Variational Omni TIA | +0.0100% | 4h | 0.4306 | +0.038% | $100K | $51K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4300 | −0.109% | $57K | $73K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4299 | −0.143% | $54K | $212K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4299 | −0.121% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0181% | 1h | 0.4300 | −0.111% | $6K | — | 15x | as long as short |
| Kraken Futures PF_TIAUSDshort | +0.0195% | 1h | 0.4303 | −0.040% | $341K | $205K | 50x | |
| GMX TIA/USD [ETH-USDC] | L +0.0197% / S +0.0051% | 1h | 0.4303 | −0.039% | $6K | — | 100x | as long as short |
| Injective TIA/USDC PERP | +0.0237% | 1h | 0.4300 | −0.109% | $25K | $11K | 12x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4304 | −0.016% | $1.6M | $694K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0400% | 1h | 0.4378 | +1.703% | $47K | $84K | 50x | as long as short |
| dYdX TIA-USD | +0.0486% | 1h | 0.4303 | −0.032% | $51K | $139 | 10x | as long as short |
Gate TIA_USDT
MEXC TIA_USDT
KuCoin TIAUSDTM
Bitget TIAUSDT
BingX TIA-USDC
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