Funding you earn now, next payment 09:00 UTC−0.0572%/8h= −62.6% APRpaid last 24h −0.102%
Price spread now: Bybit against Lighter−0.265%7-day average −0.237% · you buy dearer than you sell
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1191.195% of the position
Funding, last 7 days−0.412%−$41 on $10k
+Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.265%, 7d avg −0.237%
=Together, before fees−0.346%+ Points / potential airdropLighter: Season 3 · farm board−$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Bybit is 0.028% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.237%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter FF | 0.1283 | 0.0672 | pay 0.0084% / 1h | 5m 08s | $136K | $25K | 3x |
| Short | Bybit FFUSDT | 0.1279 | 0.0100 | get 0.0050% / 4h | 3h 05m | $14.5M | $4.0M | 20x |
Lighter FF
Bybit FFUSDTFunding 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
- −$120.12
- Price spread: −0.265% → −0.237%
- −$2.81
- Slippage, 4 orders
- −$108.45
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$242.38
- Costs to cover
- 1.195%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 9 min ago; Bybit: live order book, 3 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 | 16.75 bp | 24.4 bp −$24 | 104.6 bp −$1,046 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.39 bp | 32.1 bp −$32 | 190.6 bp −$1,906 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster FFUSDT | +0.0100% | 4h | 0.1279 | −0.258% | $1.2M | $29K | 5x | as long as short |
| Binance FFUSDT | +0.0100% | 4h | 0.1278 | −0.351% | $43.2M | $14.6M | 20x | as long as short |
| Bybit FFUSDTshort | +0.0100% | 4h | 0.1279 | −0.265% | $14.5M | $4.0M | 20x | |
| MEXC FF_USDT | +0.0100% | 4h | 0.1278 | −0.351% | $10.2M | $647K | 50x | as long as short |
| Bitget FFUSDT | +0.0100% | 4h | 0.1279 | −0.250% | $18.6M | $828K | 5x | as long as short |
| BingX FF-USDT | +0.0100% | 4h | 0.1278 | −0.335% | — | $6.6M | — | as long as short |
| SunX FF-USDT | +0.0100% | 4h | 0.1275 | −0.546% | $2K | $958K | 20x | as long as short |
| BloFin FF-USDT | +0.0123% | 4h | 0.1278 | −0.335% | $2.3M | $140K | 20x | as long as short |
| Gate FF_USDT | +0.0286% | 4h | 0.1280 | −0.179% | $27.0M | $1.2M | 50x | as long as short |
| KuCoin FFUSDTM | +0.0400% | 4h | 0.1282 | −0.008% | $8.6M | $3.6M | 20x | as long as short |
Aster FFUSDT
Binance FFUSDT
MEXC FF_USDT
Bitget FFUSDT
BingX FF-USDT
SunX FF-USDT
BloFin FF-USDT
Gate FF_USDT
KuCoin FFUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter FFlong | +0.0672% | 1h | 0.1283 | long leg | $136K | $25K | 3x |