Funding you earn now, next payment 23:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h −0.012%
Price spread now: Lighter against Bybit−0.133%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$410.411% of the position
Funding, last 7 days+0.087%+$9 on $10k
+Price spread, last 4 days (all we have)+0.160%+$16 · spread now −0.133%, 7d avg +0.013%
=Together, before fees+0.246%+ Points / potential airdropLighter: Season 3 · farm board+$25 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.146% cheaper against Bybit than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.013%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.087%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit FILUSDT | 0.9872 | 0.0002 | pay 0.0002% / 8h | 1h 35m | $15.5M | $18.0M | 25x |
| Short | Lighter FIL | 0.9859 | −0.0024 | pay 0.0003% / 1h | 35m 27s | $158K | $349K | 5x |
Bybit FILUSDT
Lighter FILFunding 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
- −$5.4
- Price spread: −0.133% → +0.013%
- −$14.6
- Slippage, 4 orders
- −$30.13
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$61.14
- Costs to cover
- 0.411%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 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, 3 min ago | 0.51 bp | 11.8 bp −$12 | 33.8 bp −$338 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 39 min ago | 5.13 bp | 8.8 bp −$9 | 23.6 bp −$236 | doesn't fit | doesn't fit |
FIL on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_FILUSD | −0.0696% | 1h | 0.9863 | −0.090% | $1.4M | $2.3M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0560% | 1h | 0.9869 | −0.030% | $170K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0376% | 1h | 0.9873 | +0.010% | $316K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0252% | 1h | 0.9855 | −0.172% | $2K | $240K | 12x | as long as short |
| Lighter FILshort | −0.0024% | 1h | 0.9859 | −0.133% | $158K | $349K | 5x | |
| Bitget FILUSDT | −0.0018% | 8h | 0.9869 | −0.030% | $11.0M | $21.4M | 75x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9872 | +0.004% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9871 | −0.011% | $58K | $2K | 10x | as long as short |
| Bybit FILUSDTlong | +0.0002% | 8h | 0.9872 | long leg | $15.5M | $18.0M | 25x | |
| KuCoin FILUSDTM | +0.0012% | 8h | 0.9866 | −0.061% | $7.4M | $7.0M | 50x | as long as short |
Kraken Futures PF_FILUSD
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
Bitget FILUSDT
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
KuCoin FILUSDTMShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX FIL-USDT-SWAP | +0.0030% | 8h | 0.9869 | −0.030% | $18.1M | $97.0M | 50x | as long as short |
| MEXC FIL_USDC | +0.0074% | 8h | 0.9862 | −0.101% | $251K | $104K | 50x | as long as short |
| Binance FILUSDT | +0.0078% | 8h | 0.9868 | −0.043% | $56.8M | $174.9M | 75x | as long as short |
| Extended FIL-USD | +0.0080% | 1h | 0.9858 | −0.139% | $689K | $2.3M | 10x | as long as short |
| BingX FIL-USDT | +0.0080% | 8h | 0.9872 | 0.000% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0099% | 8h | 0.9875 | +0.034% | $439K | $277K | — | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9870 | −0.024% | $8.6M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9868 | −0.038% | $488K | $525K | 20x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9866 | −0.061% | $7.8M | $16.2M | 50x | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9867 | −0.051% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9869 | −0.033% | $287K | $803K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9890 | +0.182% | $30K | $198K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9877 | +0.051% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9860 | −0.122% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9858 | −0.142% | $485 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9872 | 0.000% | $624K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9860 | −0.122% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0198% | 8h | 0.9871 | −0.010% | $2.7M | $655K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0617% / S −0.0742% | 1h | 0.9872 | −0.001% | $214K | — | 100x | as long as short |
OKX FIL-USDT-SWAP
MEXC FIL_USDC
Binance FILUSDT
Extended FIL-USD
BingX FIL-USDT
Variational Omni FIL
Hyperliquid FIL
Aster FILUSDT
Gate FIL_USDT
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]