# Kraken vs Lighter Funding Rates: 92 Coins Compared

As of 2026-10-03 11:59 UTC, Kraken and Lighter share 92 liquid perpetual markets. Kraken has the higher funding rate on 47 of them (51%), and the average gap is 0.0316% per 8 hours (34.65% APR). The widest gap is PONS at 0.2900% per 8 hours (317.54% APR): short on Kraken and long on Lighter.

| Coin | Kraken per 8h | Lighter per 8h | Gap per 8h | Funding arbitrage |
| --- | --- | --- | --- | --- |
| [PONS](https://arbtide.com/funding-rates/pons) | 0.2388% | -0.0512% | 0.2900% | Short Kraken, long Lighter |
| [US100](https://arbtide.com/funding-rates/us100) | 0.2281% | 0.0032% | 0.2249% | Short Kraken, long Lighter |
| [MNT](https://arbtide.com/funding-rates/mnt) | 0.1432% | 0.0096% | 0.1336% | Short Kraken, long Lighter |
| [APT](https://arbtide.com/funding-rates/apt) | 0.1021% | 0.0064% | 0.0957% | Short Kraken, long Lighter |
| [POPCAT](https://arbtide.com/funding-rates/popcat) | 0.0871% | 0.0096% | 0.0775% | Short Kraken, long Lighter |
| [PENDLE](https://arbtide.com/funding-rates/pendle) | -0.0671% | 0.0096% | 0.0767% | Short Lighter, long Kraken |
| [RIVER](https://arbtide.com/funding-rates/river) | 0.0810% | 0.0096% | 0.0714% | Short Kraken, long Lighter |
| [NBIS](https://arbtide.com/funding-rates/nbis) | 0.0732% | 0.0032% | 0.0700% | Short Kraken, long Lighter |
| [NATGAS](https://arbtide.com/funding-rates/natgas) | 0.0704% | 0.0032% | 0.0672% | Short Kraken, long Lighter |
| [WLD](https://arbtide.com/funding-rates/wld) | 0.0050% | 0.0712% | 0.0662% | Short Lighter, long Kraken |
| [WLFI](https://arbtide.com/funding-rates/wlfi) | -0.0556% | 0.0096% | 0.0652% | Short Lighter, long Kraken |
| [RAY](https://arbtide.com/funding-rates/ray) | -0.0542% | 0.0096% | 0.0638% | Short Lighter, long Kraken |
| [ZRO](https://arbtide.com/funding-rates/zro) | 0.0156% | 0.0752% | 0.0596% | Short Lighter, long Kraken |
| [SYRUP](https://arbtide.com/funding-rates/syrup) | 0.0631% | 0.0096% | 0.0535% | Short Kraken, long Lighter |
| [TIA](https://arbtide.com/funding-rates/tia) | 0.0614% | 0.0096% | 0.0518% | Short Kraken, long Lighter |
| [JUP](https://arbtide.com/funding-rates/jup) | -0.0406% | 0.0096% | 0.0502% | Short Lighter, long Kraken |
| [ETHFI](https://arbtide.com/funding-rates/ethfi) | -0.0251% | 0.0248% | 0.0499% | Short Lighter, long Kraken |
| [TRUMP](https://arbtide.com/funding-rates/trump) | -0.0381% | 0.0096% | 0.0477% | Short Lighter, long Kraken |
| [BRENTOIL](https://arbtide.com/funding-rates/brentoil) | -0.0442% | 0.0032% | 0.0474% | Short Lighter, long Kraken |
| [ENA](https://arbtide.com/funding-rates/ena) | 0.0549% | 0.0096% | 0.0453% | Short Kraken, long Lighter |
| [CRO](https://arbtide.com/funding-rates/cro) | 0.0542% | 0.0096% | 0.0446% | Short Kraken, long Lighter |
| [BNB](https://arbtide.com/funding-rates/bnb) | -0.0352% | 0.0080% | 0.0432% | Short Lighter, long Kraken |
| [MORPHO](https://arbtide.com/funding-rates/morpho) | -0.0097% | 0.0320% | 0.0417% | Short Lighter, long Kraken |
| [ZK](https://arbtide.com/funding-rates/zk) | 0.0499% | 0.0096% | 0.0403% | Short Kraken, long Lighter |
| [SHIB](https://arbtide.com/funding-rates/shib) | -0.0276% | 0.0096% | 0.0372% | Short Lighter, long Kraken |
| [JTO](https://arbtide.com/funding-rates/jto) | -0.0270% | 0.0096% | 0.0366% | Short Lighter, long Kraken |
| [NOT](https://arbtide.com/funding-rates/not) | 0.0452% | 0.0096% | 0.0356% | Short Kraken, long Lighter |
| [MON](https://arbtide.com/funding-rates/mon) | 0.0448% | 0.0096% | 0.0352% | Short Kraken, long Lighter |
| [DYDX](https://arbtide.com/funding-rates/dydx) | -0.0256% | 0.0088% | 0.0344% | Short Lighter, long Kraken |
| [SEI](https://arbtide.com/funding-rates/sei) | 0.0427% | 0.0096% | 0.0331% | Short Kraken, long Lighter |
| [PENGU](https://arbtide.com/funding-rates/pengu) | 0.0411% | 0.0096% | 0.0315% | Short Kraken, long Lighter |
| [FLOKI](https://arbtide.com/funding-rates/floki) | 0.0401% | 0.0096% | 0.0305% | Short Kraken, long Lighter |
| [OP](https://arbtide.com/funding-rates/op) | 0.0377% | 0.0096% | 0.0281% | Short Kraken, long Lighter |
| [WIF](https://arbtide.com/funding-rates/wif) | -0.0179% | 0.0096% | 0.0275% | Short Lighter, long Kraken |
| [POL](https://arbtide.com/funding-rates/pol) | 0.0360% | 0.0096% | 0.0264% | Short Kraken, long Lighter |
| [PAXG](https://arbtide.com/funding-rates/paxg) | 0.0133% | -0.0128% | 0.0261% | Short Kraken, long Lighter |
| [TAO](https://arbtide.com/funding-rates/tao) | 0.0356% | 0.0096% | 0.0260% | Short Kraken, long Lighter |
| [MU](https://arbtide.com/funding-rates/mu) | -0.0226% | 0.0024% | 0.0250% | Short Lighter, long Kraken |
| [ASTER](https://arbtide.com/funding-rates/aster) | 0.0346% | 0.0096% | 0.0250% | Short Kraken, long Lighter |
| [XPL](https://arbtide.com/funding-rates/xpl) | -0.0147% | 0.0096% | 0.0243% | Short Lighter, long Kraken |
| [HBAR](https://arbtide.com/funding-rates/hbar) | 0.0001% | -0.0240% | 0.0241% | Short Kraken, long Lighter |
| [AAVE](https://arbtide.com/funding-rates/aave) | -0.0142% | 0.0096% | 0.0238% | Short Lighter, long Kraken |
| [SPX](https://arbtide.com/funding-rates/spx) | -0.0131% | 0.0096% | 0.0227% | Short Lighter, long Kraken |
| [BB](https://arbtide.com/funding-rates/bb) | 0.0257% | 0.0032% | 0.0225% | Short Kraken, long Lighter |
| [LDO](https://arbtide.com/funding-rates/ldo) | 0.0364% | 0.0160% | 0.0204% | Short Kraken, long Lighter |
| [BTC](https://arbtide.com/funding-rates/btc) | -0.0127% | 0.0072% | 0.0199% | Short Lighter, long Kraken |
| [DOGE](https://arbtide.com/funding-rates/doge) | -0.0095% | 0.0096% | 0.0191% | Short Lighter, long Kraken |
| [SOL](https://arbtide.com/funding-rates/sol) | 0.0198% | 0.0016% | 0.0182% | Short Kraken, long Lighter |
| [STRK](https://arbtide.com/funding-rates/strk) | 0.0271% | 0.0096% | 0.0175% | Short Kraken, long Lighter |
| [CRV](https://arbtide.com/funding-rates/crv) | 0.0266% | 0.0096% | 0.0170% | Short Kraken, long Lighter |
| [ONDO](https://arbtide.com/funding-rates/ondo) | -0.0073% | 0.0096% | 0.0169% | Short Lighter, long Kraken |
| [PYTH](https://arbtide.com/funding-rates/pyth) | -0.0071% | 0.0096% | 0.0167% | Short Lighter, long Kraken |
| [XLM](https://arbtide.com/funding-rates/xlm) | -0.0068% | 0.0096% | 0.0164% | Short Lighter, long Kraken |
| [BCH](https://arbtide.com/funding-rates/bch) | -0.0066% | 0.0096% | 0.0162% | Short Lighter, long Kraken |
| [XAG](https://arbtide.com/funding-rates/xag) | 0.0189% | 0.0032% | 0.0157% | Short Kraken, long Lighter |
| [XCU](https://arbtide.com/funding-rates/xcu) | 0.0182% | 0.0032% | 0.0150% | Short Kraken, long Lighter |
| [LTC](https://arbtide.com/funding-rates/ltc) | 0.0233% | 0.0096% | 0.0137% | Short Kraken, long Lighter |
| [DASH](https://arbtide.com/funding-rates/dash) | -0.0038% | 0.0096% | 0.0134% | Short Lighter, long Kraken |
| [VIRTUAL](https://arbtide.com/funding-rates/virtual) | 0.0228% | 0.0096% | 0.0132% | Short Kraken, long Lighter |
| [SOXS](https://arbtide.com/funding-rates/soxs) | -0.0100% | 0.0032% | 0.0132% | Short Lighter, long Kraken |
| [SNDK](https://arbtide.com/funding-rates/sndk) | 0.0162% | 0.0032% | 0.0130% | Short Kraken, long Lighter |
| [NEAR](https://arbtide.com/funding-rates/near) | 0.0223% | 0.0096% | 0.0127% | Short Kraken, long Lighter |
| [HYPE](https://arbtide.com/funding-rates/hype) | -0.0029% | 0.0096% | 0.0125% | Short Lighter, long Kraken |
| [INTC](https://arbtide.com/funding-rates/intc) | -0.0086% | 0.0032% | 0.0118% | Short Lighter, long Kraken |
| [BIO](https://arbtide.com/funding-rates/bio) | -0.0016% | 0.0096% | 0.0112% | Short Lighter, long Kraken |
| [GRASS](https://arbtide.com/funding-rates/grass) | 0.0460% | 0.0568% | 0.0108% | Short Lighter, long Kraken |
| [XRP](https://arbtide.com/funding-rates/xrp) | -0.0067% | 0.0040% | 0.0107% | Short Lighter, long Kraken |
| [ETH](https://arbtide.com/funding-rates/eth) | -0.0054% | 0.0040% | 0.0094% | Short Lighter, long Kraken |
| [SUI](https://arbtide.com/funding-rates/sui) | 0.0186% | 0.0096% | 0.0090% | Short Kraken, long Lighter |
| [ARC](https://arbtide.com/funding-rates/arc) | 0.0179% | 0.0096% | 0.0083% | Short Kraken, long Lighter |
| [UNI](https://arbtide.com/funding-rates/uni) | 0.0016% | 0.0096% | 0.0080% | Short Lighter, long Kraken |
| [XAU](https://arbtide.com/funding-rates/xau) | -0.0046% | 0.0032% | 0.0078% | Short Lighter, long Kraken |
| [AXS](https://arbtide.com/funding-rates/axs) | 0.0020% | 0.0096% | 0.0076% | Short Lighter, long Kraken |
| [PUMP](https://arbtide.com/funding-rates/pump) | 0.0171% | 0.0096% | 0.0075% | Short Kraken, long Lighter |
| [BONK](https://arbtide.com/funding-rates/bonk) | 0.0023% | 0.0096% | 0.0073% | Short Lighter, long Kraken |
| [ARB](https://arbtide.com/funding-rates/arb) | 0.0168% | 0.0096% | 0.0072% | Short Kraken, long Lighter |
| [EIGEN](https://arbtide.com/funding-rates/eigen) | 0.0035% | 0.0096% | 0.0061% | Short Lighter, long Kraken |
| [TRX](https://arbtide.com/funding-rates/trx) | 0.0150% | 0.0096% | 0.0054% | Short Kraken, long Lighter |
| [QNT](https://arbtide.com/funding-rates/qnt) | -0.0633% | -0.0680% | 0.0047% | Short Kraken, long Lighter |
| [ADA](https://arbtide.com/funding-rates/ada) | -0.0027% | -0.0072% | 0.0045% | Short Kraken, long Lighter |
| [AVAX](https://arbtide.com/funding-rates/avax) | 0.0131% | 0.0096% | 0.0035% | Short Kraken, long Lighter |
| [DOT](https://arbtide.com/funding-rates/dot) | 0.0069% | 0.0096% | 0.0027% | Short Lighter, long Kraken |
| [KAITO](https://arbtide.com/funding-rates/kaito) | 0.0086% | 0.0112% | 0.0026% | Short Lighter, long Kraken |
| [LINK](https://arbtide.com/funding-rates/link) | 0.0117% | 0.0096% | 0.0021% | Short Kraken, long Lighter |
| [PEPE](https://arbtide.com/funding-rates/pepe) | 0.0116% | 0.0096% | 0.0020% | Short Kraken, long Lighter |
| [ZEC](https://arbtide.com/funding-rates/zec) | 0.0307% | 0.0288% | 0.0019% | Short Kraken, long Lighter |
| [FIL](https://arbtide.com/funding-rates/fil) | 0.0078% | 0.0096% | 0.0018% | Short Lighter, long Kraken |
| [SKHY](https://arbtide.com/funding-rates/skhy) | 0.0048% | 0.0032% | 0.0016% | Short Kraken, long Lighter |
| [XMR](https://arbtide.com/funding-rates/xmr) | 0.0085% | 0.0096% | 0.0011% | Short Lighter, long Kraken |
| [ICP](https://arbtide.com/funding-rates/icp) | 0.0090% | 0.0096% | 0.0006% | Short Lighter, long Kraken |
| [FARTCOIN](https://arbtide.com/funding-rates/fartcoin) | 0.0093% | 0.0096% | 0.0003% | Short Lighter, long Kraken |
| [SOXL](https://arbtide.com/funding-rates/soxl) | -0.0168% | -0.0168% | 0.0000% | Short Lighter, long Kraken |

## Frequently asked questions

### Which has higher funding rates, Kraken or Lighter?

Right now Kraken has the higher funding rate on 47 of 92 shared coins.

### How often do Kraken and Lighter pay funding?

On shared markets, Kraken pays every 1 hours and Lighter every 8 hours, depending on the contract. Rates on this page are annualized so they compare directly.

### Can I arbitrage funding between Kraken and Lighter?

Yes, by going long where funding is lower and short where it is higher. The largest gap right now is PONS at 0.2900% per 8 hours (317.54% APR) before fees.