Funding you earn now, next payment 03:00 UTC+0.0073%/8h= +8.0% APRnext payment +$0.09 per $10,000 · paid last 24h +0.049%
Price spread now: Lighter against Kraken Futures+0.126%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.126% dearer against Kraken Futures than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_EURUSD | 1.1467 | 0.0119 | pay 0.0015% / 1h | 23m 59s | $3K | — | 50x |
| Short | Lighter EURUSD | 1.1482 | 0.0192 | get 0.0024% / 1h | 23m 59s | $2.1M | $444K | 50x |
Kraken Futures PF_EURUSD
Lighter EURUSDFunding 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
- $15.42
- Price spread: +0.126% → 0.000%
- $12.56
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $17.98
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; Lighter: live order book, 3 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 3 min ago | 1.39 bp | 2.1 bp −$2 | 4.6 bp −$46 | 40.9 bp −$4,086 | doesn't fit |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
EUR on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC EUR_USDT | −0.0152% | 4h | 1.1473 | +0.049% | $6.8M | $137K | 100x | as long as short |
| Nado EURUSD-PERP | −0.0003% | 1h | 1.1473 | +0.046% | $467K | $154K | 40x | as long as short |
| Bybit EURUSDUSDT | 0.0000% | 8h | 1.1473 | +0.045% | $584K | $281K | 100x | as long as short |
| Gate EURUSD_USDT | 0.0000% | 8h | 1.1473 | +0.049% | $144K | $5K | 100x | as long as short |
| Bitget EURUSDUSDT | 0.0000% | 8h | 1.1472 | +0.040% | $253K | $20K | 100x | as long as short |
| Orderly PERP_EURUSD_USDC | 0.0000% | 8h | 1.1471 | +0.031% | $198K | $111K | 50x | as long as short |
| SunX EURUSD-USDT | 0.0000% | 1h | 1.1476 | +0.075% | — | $2.4M | 10x | as long as short |
| HTX EURUSD-USDT | 0.0000% | 1h | 1.1476 | +0.075% | $12K | $259K | 20x | as long as short |
| Extended EUR-USD | +0.0032% | 1h | 1.1471 | +0.030% | $6.7M | $1.2M | 100x | as long as short |
| Injective EURUSD/USDC PERP | +0.0033% | 1h | 1.1466 | −0.009% | $9K | $78K | 101x | as long as short |
MEXC EUR_USDT
Nado EURUSD-PERP
Bybit EURUSDUSDT
Gate EURUSD_USDT
Bitget EURUSDUSDT
Orderly PERP_EURUSD_USDC
SunX EURUSD-USDT
HTX EURUSD-USDT
Extended EUR-USD
Injective EURUSD/USDC PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest EUR-USD-PERP | +0.0046% | 1h | 1.1502 | +0.306% | — | $264K | 100x | as long as short |
| Pacifica EURUSD | +0.0100% | 1h | 1.1472 | +0.040% | $190K | $61K | 50x | as long as short |
| Aevo EURUSD-PERP | +0.0104% | 1h | 1.1477 | +0.087% | $12K | — | 10x | as long as short |
| Kraken Futures PF_EURUSDlong | +0.0119% | 1h | 1.1467 | long leg | $3K | — | 50x | |
| Lighter EURUSDshort | +0.0192% | 1h | 1.1482 | +0.126% | $2.1M | $444K | 50x | |
| Hotstuff EURUSD-PERP | +0.0192% | 1h | 1.1478 | +0.092% | $33K | — | 50x | as long as short |
| Hibachi EUR/USDT-P | +0.0200% | 1h | 1.1469 | +0.017% | $161K | $8.2M | 30x | as long as short |
| tradeXYZ xyz:EUR | +0.0213% | 1h | 1.1477 | +0.084% | $23.3M | $1.8M | 50x | as long as short |
Vest EUR-USD-PERP
Pacifica EURUSD
Aevo EURUSD-PERP
Hotstuff EURUSD-PERP
Hibachi EUR/USDT-P
tradeXYZ xyz:EUR