Funding you earn now, next payment 04:00 UTC−0.0786%/8h= −86.1% APRpaid last 24h +0.009%
Price spread now: Bybit against Lighter+0.226%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1321.315% of the position
Funding, last 7 days+0.050%+$5 on $10k
+Price spread, last 4 days (all we have)−0.252%−$25 · spread now +0.226%, 7d avg −0.024%
=Together, before fees−0.202%+ Points / potential airdropLighter: Season 3 · farm board−$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.250% dearer against Lighter than usual: you sell high and buy low (spread +0.226% now, against its 7-day average of −0.024%): +$25 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 25 hours. Mind the row above: over the last 7 days funding on this pair paid +0.050%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.050% in total (about 2.6% 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 | Lighter DATA | 0.2214 | 0.0096 | pay 0.0012% / 1h | 57m 35s | $57K | $242K | 10x |
| Short | Bybit DATAUSDT | 0.2219 | −0.0690 | pay 0.0345% / 4h | 57m 35s | $1.4M | $2.0M | 20x |
Lighter DATA
Bybit DATAUSDTFunding 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
- −$165.09
- Price spread: +0.226% → −0.024%
- $24.97
- Slippage, 4 orders
- −$120.54
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$271.66
- Costs to cover
- 1.315%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 48 min ago; Bybit: live order book, 4 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, 48 min ago | 11.13 bp | 28.2 bp −$28 | 70.7 bp −$707 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 4.54 bp | 39.8 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
DATA on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin DATA-USDT | −0.4001% | 4h | 0.2204 | −0.452% | $121K | $7K | 20x | as long as short |
| MEXC DATA_USDT | −0.3948% | 4h | 0.2213 | −0.045% | $125K | $269K | 20x | as long as short |
| OKX DATA-USDT-SWAP | −0.3917% | 4h | 0.2218 | +0.181% | $1.3M | $8.3M | 20x | as long as short |
| Extended DATA-USD | −0.2496% | 1h | 0.2212 | −0.091% | $922 | $60 | 5x | as long as short |
| Gate DATA_USDT | −0.2100% | 4h | 0.2215 | +0.045% | $119K | $103K | 20x | as long as short |
| KuCoin DATAUSDTM | −0.1862% | 4h | 0.2216 | +0.090% | $208K | $1.0M | 30x | as long as short |
| Bybit DATAUSDTshort | −0.0690% | 4h | 0.2219 | +0.226% | $1.4M | $2.0M | 20x | |
| Bitget DATAUSDT | +0.0042% | 4h | 0.2218 | +0.181% | $684K | $552K | 50x | as long as short |
| Lighter DATAlong | +0.0096% | 1h | 0.2214 | long leg | $57K | $242K | 10x |
BloFin DATA-USDT
MEXC DATA_USDT
OKX DATA-USDT-SWAP
Extended DATA-USD
Gate DATA_USDT
KuCoin DATAUSDTM
Bitget DATAUSDT