Funding you earn now, next payment 00:00 UTC+0.0900%/8h= +98.5% APRpaid last 24h +0.180%
Price spread now: Lighter against Bybit+0.415%7-day average +0.222% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$1141.142% of the position
Funding, last 7 days+0.528%+$53 on $10k
+Price spread, last 4 days (all we have)−0.151%−$15 · spread now +0.415%, 7d avg +0.222%
=Together, before fees+0.378%+ Points / potential airdropLighter: Season 3 · farm board+$38 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Lighter is 0.193% dearer against Bybit than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.222%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.528% in total (about 27.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CCUSDT | 0.1181 | 0.0100 | pay 0.0050% / 4h | 8m 39s | $10.7M | $3.8M | 25x |
| Short | Lighter CC | 0.1186 | 0.1000 | get 0.0125% / 1h | 8m 39s | $236K | $154K | 5x |
Bybit CCUSDT
Lighter CCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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
- $189
- Price spread: +0.415% → +0.222%
- $19.28
- Slippage, 4 orders
- −$103.17
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $94.11
- Costs to cover
- 1.142%
- Break-even
- 3.5 days
Slippage from Bybit: live order book, 5 min ago; Lighter: live order book, 52 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 Bybit live order book, 5 min ago | 3.81 bp | 35.1 bp −$35 | 347.4 bp −$3,474 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 52 min ago | 8.13 bp | 9.8 bp −$10 | 253.3 bp −$2,533 | doesn't fit | doesn't fit |
CC on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CC/USDC PERP | −0.3320% | 1h | 0.1169 | −1.016% | $6K | $100 | 5.5x | as long as short |
| Paradex CC-USD-PERP | +0.0098% | 8h | 0.1182 | +0.045% | $1K | — | 5x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1181 | −0.008% | $35K | $38K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1182 | +0.051% | $11.1M | $11.2M | 75x | as long as short |
| Bybit CCUSDTlong | +0.0100% | 4h | 0.1181 | long leg | $10.7M | $3.8M | 25x | |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1183 | +0.169% | $2.6M | $3.5M | 20x | as long as short |
| Gate CC_USDT | +0.0100% | 4h | 0.1181 | −0.034% | $365K | $214K | 50x | as long as short |
| MEXC CC_USDT | +0.0100% | 4h | 0.1181 | −0.008% | $1.6M | $316K | 100x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1183 | +0.161% | $501K | $116K | 50x | as long as short |
| Bitget CCUSDT | +0.0100% | 4h | 0.1182 | +0.127% | $944K | $791K | 20x | as long as short |
Injective CC/USDC PERP
Paradex CC-USD-PERP
Aster CCUSDT
Binance CCUSDT
OKX CC-USDT-SWAP
Gate CC_USDT
MEXC CC_USDT
KuCoin CCUSDTM
Bitget CCUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CC-USDT | +0.0100% | 4h | 0.1182 | +0.059% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERP | +0.0100% | 1h | 0.1182 | +0.119% | $15K | $22K | 10x | as long as short |
| Variational Omni CC | +0.0100% | 4h | 0.1180 | −0.057% | $589K | $43K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1182 | +0.051% | $82K | $2.3M | 10x | as long as short |
| Derive CC-PERP | +0.0100% | 1h | 0.1180 | −0.046% | $6K | $36K | 6.7x | as long as short |
| BloFin CC-USDT | +0.0340% | 4h | 0.1180 | −0.059% | $589K | $107K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0448% / S −0.0241% | 1h | 0.1182 | +0.113% | $44K | — | 50x | as long as short |
| Hyperliquid CC | +0.0508% | 1h | 0.1184 | +0.246% | $5.5M | $1.3M | 3x | as long as short |
| Lighter CCshort | +0.1000% | 1h | 0.1186 | +0.415% | $236K | $154K | 5x |
BingX CC-USDT
Backpack CC_USDC_PERP
Variational Omni CC
GRVT CC_USDT_Perp
Derive CC-PERP
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]
Hyperliquid CC