Funding you earn now, next payment 23:00 UTC+0.0056%/8h= +6.2% APRpaid last 24h +0.067%
Price spread now: Lighter against Bybit+0.306%7-day average +0.232% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$152as in the Price arb table
costs, in and out, $10k−$1591.593% of the position
Funding, last 7 days+0.343%+$34 on $10k
+Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.306%, 7d avg +0.232%
=Together, before fees+0.263%+ Points / potential airdropLighter: Season 3 · farm board+$26 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.075% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.232%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit FFUSDT | 0.1273 | 0.0040 | pay 0.0020% / 4h | 1h 44m | $14.3M | $13.0M | 20x |
| Short | Lighter FF | 0.1277 | 0.0096 | get 0.0012% / 1h | 44m 03s | $135K | $65K | 3x |
Bybit FFUSDT
Lighter FFFunding 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
- $11.8
- Price spread: +0.306% → +0.232%
- $7.48
- Slippage, 4 orders
- −$148.32
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$140.04
- Costs to cover
- 1.593%
- Break-even
- 90.1 days
Slippage from Bybit: live order book, 4 min ago; Lighter: live order book, 29 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, 4 min ago | 2.75 bp | 44.5 bp −$45 | 323.4 bp −$3,234 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 29 min ago | 7.05 bp | 16.5 bp −$16 | 88.2 bp −$882 | doesn't fit | doesn't fit |
FF on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance FFUSDT | −0.0200% | 4h | 0.1273 | −0.024% | $43.0M | $51.3M | 20x | as long as short |
| MEXC FF_USDT | −0.0198% | 4h | 0.1273 | 0.000% | $10.0M | $3.6M | 50x | as long as short |
| BloFin FF-USDT | −0.0188% | 4h | 0.1272 | −0.063% | $2.3M | $442K | 20x | as long as short |
| Bybit FFUSDTlong | +0.0040% | 4h | 0.1273 | long leg | $14.3M | $13.0M | 20x | |
| Lighter FFshort | +0.0096% | 1h | 0.1277 | +0.306% | $135K | $65K | 3x | |
| Aster FFUSDT | +0.0100% | 4h | 0.1274 | +0.079% | $1.2M | $33K | 5x | as long as short |
| Gate FF_USDT | +0.0100% | 4h | 0.1275 | +0.157% | $26.9M | $3.5M | 50x | as long as short |
| KuCoin FFUSDTM | +0.0100% | 4h | 0.1276 | +0.236% | $8.6M | $6.7M | 20x | as long as short |
| Bitget FFUSDT | +0.0100% | 4h | 0.1275 | +0.134% | $18.5M | $4.8M | 5x | as long as short |
| BingX FF-USDT | +0.0100% | 4h | 0.1274 | +0.031% | — | $7.1M | — | as long as short |
Binance FFUSDT
MEXC FF_USDT
BloFin FF-USDT
Aster FFUSDT
Gate FF_USDT
KuCoin FFUSDTM
Bitget FFUSDT
BingX FF-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX FF-USDT | +0.0100% | 4h | 0.1273 | −0.047% | $2K | $2.8M | 20x | as long as short |
SunX FF-USDT