Funding arb · Price arb /

FARTCOIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0184%/8h= −20.1% APRpaid last 24h +0.022%

Price spread now: Bybit against Lighter−0.097%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on Lighter Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.120%−$12 on $10k

Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.097%, 7d avg −0.052%

Together, before fees−0.026%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.046% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.052%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.120% in total (about -6.3% 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 FARTCOIN	0.1951	0.0488	pay 0.0061% / 1h	0m 52s	$640K	$929K	10x
Short	Bybit FARTCOINUSDT	0.1950	0.0304	get 0.0152% / 4h	0m 52s	$30.1M	$50.5M	50x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee BybitbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$38.55
Price spread: −0.097% → −0.052%: −$4.57
Slippage, 4 orders: −$23.26
Fee Lighter: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$77.38
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from Lighter: live order book, 9 min ago; Bybit: live order book, 8 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, 9 min ago	0.77 bp	5.7 bp −$6	34.4 bp −$344	doesn't fit	doesn't fit
Sell Bybit live order book, 8 min ago	0.26 bp	9.2 bp −$9	34.7 bp −$347	doesn't fit	doesn't fit

FARTCOIN on 36 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
gTrade (Gains Network) FARTCOIN/USD	L +0.0005% / S −0.0002%	1h	0.1947	−0.256%	$34K	—	150x	as long as short
Injective FARTCOIN/USDC PERP	+0.0033%	1h	0.1984	+1.665%	$1K	$4K	5.5x	as long as short
OKX FARTCOIN-USDT-SWAP	+0.0100%	4h	0.1951	−0.026%	$4.6M	$13.8M	20x	as long as short
SunX FARTCOIN-USDT	+0.0100%	4h	0.1951	−0.036%	$2K	$1.7M	20x	as long as short
SoDEX FARTCOIN-USD	+0.0100%	1h	0.1951	−0.026%	$156K	$7K	10x	as long as short
HTX FARTCOIN-USDT	+0.0100%	4h	0.1950	−0.102%	$67K	$171K	20x	as long as short
Aster FARTCOINUSDT	+0.0122%	4h	0.1952	+0.026%	$79K	$197K	5x	as long as short
Bulk FARTCOIN-USD	+0.0125%	1h	0.1935	−0.845%	$76K	$11K	10x	as long as short
Polymarket Perps FARTCOIN-USD	+0.0128%	1h	0.1948	−0.200%	$107K	$872K	10x	as long as short
Aevo FARTCOIN-PERP	+0.0136%	1h	0.1950	−0.083%	$31K	—	3x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget FARTCOINUSDT	+0.0234%	4h	0.1950	−0.077%	$13.6M	$15.9M	50x	as long as short
Binance FARTCOINUSDT	+0.0242%	4h	0.1952	+0.049%	$18.6M	$74.2M	75x	as long as short
GRVT FARTCOIN_USDT_Perp	+0.0242%	4h	0.1942	−0.487%	$254K	$4.2M	10x	as long as short
KuCoin FARTCOINUSDTM	+0.0272%	4h	0.1950	−0.077%	$10.3M	$15.6M	50x	as long as short
MEXC FARTCOIN_USDT	+0.0304%	4h	0.1950	−0.072%	$32.2M	$14.1M	100x	as long as short
Bybit FARTCOINUSDTshort	+0.0304%	4h	0.1950	−0.097%	$30.1M	$50.5M	50x
BingX FARTCOIN-USDC	+0.0312%	4h	0.1949	−0.128%	—	$6.5M	—	as long as short
Backpack FARTCOIN_USDC_PERP	+0.0316%	1h	0.1949	−0.133%	$82K	$267K	10x	as long as short
Gate FARTCOIN_USDT	+0.0332%	4h	0.1949	−0.123%	$11.0M	$8.1M	75x	as long as short
GMX FARTCOIN/USD [WBTC.b-USDC]	L +0.0352% / S −0.0338%	1h	0.1946	−0.281%	$63K	—	100x	as long as short
Reya FARTCOINRUSDPERP	+0.0411%	1h	0.1948	−0.168%	$0	—	5x	as long as short
Pacifica FARTCOIN	+0.0429%	1h	0.1948	−0.176%	$185K	$406K	10x	as long as short
Variational Omni FARTCOIN	+0.0447%	4h	0.1948	−0.201%	$777K	$2.6M	—	as long as short
BloFin FARTCOIN-USDT	+0.0482%	4h	0.1949	−0.128%	$953K	$1.9M	75x	as long as short
Lighter FARTCOINlong	+0.0488%	1h	0.1951	long leg	$640K	$929K	10x
ApeX Omni FARTCOINUSDT	+0.0546%	1h	0.1949	−0.128%	$29K	$219K	50x	as long as short
Phoenix FARTCOIN	+0.0577%	1h	0.1950	−0.102%	$154K	$211K	10x	as long as short
Extended FARTCOIN-USD	+0.0600%	1h	0.1950	−0.071%	$215K	$2.1M	25x	as long as short
Deribit FARTCOIN_USDC-PERPETUAL	+0.0623%	1h	0.1950	−0.097%	$124K	$95K	25x	as long as short
Orderly PERP_FARTCOIN_USDC	+0.0645%	4h	0.1950	−0.077%	$24K	$3K	20x	as long as short
Arcus FARTCOIN-USD	+0.0665%	1h	0.1949	−0.128%	$14K	$110K	10x	as long as short
Nado FARTCOIN-PERP	+0.0690%	1h	0.1948	−0.205%	$798K	$716K	10x	as long as short
Hyperliquid FARTCOIN	+0.0920%	1h	0.1951	−0.020%	$43.3M	$26.8M	10x	as long as short
01 Exchange FARTCOINUSD	+0.1016%	1h	0.1953	+0.097%	$396	$381	10x	as long as short
Kraken Futures PF_FARTCOINUSD	+0.1047%	1h	0.1951	−0.023%	$762K	$1.8M	50x	as long as short
Coinbase International FARTCOIN-PERP-INTX	+0.1072%	1h	0.1953	+0.077%	$958K	$7.5M	50x	as long as short