Funding you earn now, next payment 02:00 UTC+0.0932%/8h= +102.0% APRpaid last 24h −0.005%
Price spread now: Lighter against Bybit0.000%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1271.265% of the position
Funding, last 7 days−0.045%−$5 on $10k
+Price spread, last 4 days (all we have)+0.010%+$1 · spread now 0.000%, 7d avg +0.026%
=Together, before fees−0.036%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.026% cheaper against Bybit than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.026%). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$28 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.045% in total (about -2.4% 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 DATAUSDT | 0.2284 | −0.1132 | get 0.0566% / 4h | 2h 11m | $1.3M | $1.7M | 20x |
| Short | Lighter DATA | 0.2284 | −0.0200 | pay 0.0025% / 1h | 11m 12s | $75K | $229K | 10x |
Bybit DATAUSDT
Lighter DATAFunding 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
- $195.67
- Price spread: 0.000% → +0.026%
- −$2.58
- Slippage, 4 orders
- −$115.51
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $66.59
- Costs to cover
- 1.265%
- Break-even
- 4.6 days
Slippage from Bybit: live order book, 5 min ago; Lighter: live order book, 39 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 | 8.72 bp | 41.6 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 39 min ago | 9.01 bp | 13.3 bp −$13 | 47.2 bp −$472 | doesn't fit | doesn't fit |
DATA on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX DATA-USDT-SWAP | −0.3202% | 4h | 0.2272 | −0.525% | $1.3M | $7.1M | 20x | as long as short |
| MEXC DATA_USDT | −0.3142% | 4h | 0.2272 | −0.525% | $104K | $274K | 20x | as long as short |
| Gate DATA_USDT | −0.2452% | 4h | 0.2267 | −0.744% | $117K | $87K | 20x | as long as short |
| Extended DATA-USD | −0.1488% | 1h | 0.2268 | −0.682% | $942 | $60 | 5x | as long as short |
| Bybit DATAUSDTlong | −0.1132% | 4h | 0.2284 | long leg | $1.3M | $1.7M | 20x | |
| KuCoin DATAUSDTM | −0.1106% | 4h | 0.2272 | −0.525% | $206K | $1.0M | 30x | as long as short |
| Lighter DATAshort | −0.0200% | 1h | 0.2284 | 0.000% | $75K | $229K | 10x | |
| Bitget DATAUSDT | +0.0082% | 4h | 0.2274 | −0.438% | $689K | $475K | 50x | as long as short |
OKX DATA-USDT-SWAP
MEXC DATA_USDT
Gate DATA_USDT
Extended DATA-USD
KuCoin DATAUSDTM
Bitget DATAUSDT