Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%
Price spread now: Bybit against Lighter−0.025%7-day average −0.009% · 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−$13as in the Price arb table
costs, in and out, $10k−$120.116% of the position
Funding, last 7 days−0.041%−$4 on $10k
+Price spread, last 7 days+0.017%+$2 · spread now −0.025%, 7d avg −0.009%
=Together, before fees−0.023%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BTC | 86,234.4 | 0.0096 | pay 0.0012% / 1h | 17m 34s | $169.9M | $989.9M | 50x |
| Short | Bybit BTCUSDT | 86,212.8 | 0.0100 | get 0.0100% / 8h | 7h 17m | $5.25B | $9.67B | 150x |
Lighter BTC
Bybit BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0.84
- Price spread: −0.025% → −0.009%
- −$1.56
- Slippage, 4 orders
- −$0.56
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$12.28
- Costs to cover
- 0.116%
- Break-even
- 109.3 days
Slippage from Lighter: live order book, 7 min ago; Bybit: live order book, 2 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, 7 min ago | 0.23 bp | 0.2 bp $0 | 0.3 bp −$3 | 1.2 bp −$120 | 4.0 bp −$1,980 |
| Sell Bybit live order book, 2 min ago | 0.01 bp | 5.5 bp −$6 | 5.6 bp −$56 | 6.3 bp −$625 | 8.1 bp −$4,074 |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0129% | 1h | 86,359 | +0.144% | $2.2M | $11.2M | 40x | as long as short |
| Bluefin BTC-PERP | −0.0101% | 1h | 86,256.7 | +0.026% | $144K | $667K | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,248 | +0.016% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 86,225.1 | −0.011% | $363K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,188.4 | −0.053% | $544K | $21.3M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,223.7 | −0.012% | $36.8M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0022% | 1h | 86,243.1 | +0.010% | $16.9M | $20.5M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,358 | +0.143% | $343K | $26.9M | 52x | as long as short |
| Aster BTCUSDT | +0.0028% | 8h | 86,209 | −0.029% | $499.9M | $1.13B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0042% | 8h | 86,218.3 | −0.019% | $830.9M | $718.6M | 125x | as long as short |
Phoenix BTC
Bluefin BTC-PERP
Hotstuff BTC-PERP
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
dYdX BTC-USD
Injective BTC/USDC PERP
Aster BTCUSDT
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0047% | 1h | 86,171.7 | −0.073% | $6.7M | $145.8M | 40x | as long as short |
| BingX BTC-USDT | +0.0051% | 8h | 86,214.6 | −0.023% | — | $1.58B | — | as long as short |
| RISEx BTC/USDC | +0.0052% | 1h | 86,233.1 | −0.002% | $8.3M | $42.4M | 25x | as long as short |
| Bitget BTCUSDT | +0.0065% | 8h | 86,209.4 | −0.029% | $2.97B | $5.05B | 150x | as long as short |
| SoDEX BTC-USD | +0.0077% | 1h | 86,212 | −0.026% | $60.4M | $338.2M | 40x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 86,214.2 | −0.023% | $2.5M | $1.8M | 20x | as long as short |
| MEXC BTC_USDT | +0.0082% | 8h | 86,208.8 | −0.030% | $5.09B | $5.74B | 500x | as long as short |
| Binance BTCUSDT | +0.0083% | 8h | 86,212.8 | −0.025% | $9.39B | $24.33B | 150x | as long as short |
| Gate BTC_USDT | +0.0091% | 8h | 86,212.9 | −0.025% | $5.76B | $10.59B | 200x | as long as short |
| Lighter BTClong | +0.0096% | 1h | 86,234.4 | long leg | $169.9M | $989.9M | 50x | |
| Lighter RH BTC | +0.0096% | 1h | 86,250.9 | +0.019% | $23.6M | $151.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,220 | −0.017% | $8.4M | $52.0M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,201 | −0.039% | $196K | $7.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,241 | +0.008% | $4.2M | $8.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,149.6 | −0.098% | $22.0M | $227.0M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,308 | +0.085% | $3.78B | $4.98B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,248.8 | +0.017% | $40.6M | $558.6M | 50x | as long as short |
| Bybit BTCUSDTshort | +0.0100% | 8h | 86,212.8 | −0.025% | $5.25B | $9.67B | 150x | |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,219.5 | −0.017% | $2.56B | $12.45B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,218 | −0.019% | $3.9M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,248.6 | +0.016% | $7.2M | $95.0M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,145.7 | −0.103% | $580.3M | $59.0M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,232.7 | −0.002% | $35.6M | $160.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,271.9 | +0.044% | $157.9M | $558.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,274.4 | +0.046% | $278.7M | $950.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,277 | +0.049% | $216.6M | $165.7M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,283.5 | +0.057% | $141.3M | $321.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,247 | +0.015% | $30.6M | $208.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,217.7 | −0.019% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,176 | −0.068% | $11.1M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,194.8 | −0.046% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,212.5 | −0.025% | $2.4M | $8.9M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,238.1 | +0.004% | $30.3M | $56.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,215.4 | −0.022% | $3.3M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,206.8 | −0.032% | $2.29B | $958.6M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 86,247.6 | +0.015% | $155.3M | $473.2M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,192.5 | −0.049% | $46.0M | $222.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,212.7 | −0.025% | — | $98.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,271.2 | +0.043% | $132.3M | $5.33B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,266 | +0.037% | $192.0M | $945.4M | 100x | as long as short |
| Deribit BTC-PERPETUAL | +0.0151% | 1h | 86,267.6 | +0.039% | $902.1M | $1.51B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0168% | 1h | 86,323 | +0.103% | $714K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0170% | 1h | 86,331.8 | +0.113% | $77K | $217K | 20x | as long as short |
| BloFin BTC-USDT | +0.0203% | 8h | 86,139.1 | −0.111% | $415.1M | $640.9M | 150x | as long as short |
| Kalshi KXBTCPERP | +0.0204% | 8h | 86,186 | −0.056% | $10.6M | $765.7M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0207% / S −0.0221% | 1h | 86,206.3 | −0.033% | $14.5M | — | 200x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDT
RISEx BTC/USDC
Bitget BTCUSDT
SoDEX BTC-USD
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Gate BTC_USDT
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
BloFin BTC-USDT
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]