Funding you earn now, next payment 22:00 UTC+0.0361%/8h= +39.5% APRpaid last 24h +0.008%
Price spread now: Bybit against Lighter+0.083%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$520.521% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.083%, 7d avg −0.015%
=Together, before fees−0.193%+ Points / potential airdropLighter: Season 3 · farm board−$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Bybit is 0.097% dearer against Lighter than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.015%. Mind the row above: over the last 7 days funding on this pair cost −0.092%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.092% in total (about -4.8% 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 FIL | 0.9800 | −0.0432 | get 0.0054% / 1h | 34m 36s | $156K | $332K | 5x |
| Short | Bybit FILUSDT | 0.9808 | −0.0071 | pay 0.0071% / 8h | 2h 34m | $15.4M | $18.0M | 25x |
Lighter FIL
Bybit FILUSDTFunding 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
- $75.83
- Price spread: +0.083% → −0.015%
- $9.74
- Slippage, 4 orders
- −$41.06
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $33.52
- Costs to cover
- 0.521%
- Break-even
- 3.9 days
Slippage from Lighter: live order book, 49 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, 49 min ago | 10.61 bp | 12.4 bp −$12 | 29.2 bp −$292 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.51 bp | 15.1 bp −$15 | 40.6 bp −$406 | 172.7 bp −$17.3K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FIL_USDC-PERPETUAL | −0.0666% | 1h | 0.9821 | +0.215% | $169K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0624% | 1h | 0.9819 | +0.197% | $1.4M | $2.3M | 50x | as long as short |
| Lighter FILlong | −0.0432% | 1h | 0.9800 | long leg | $156K | $332K | 5x | |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9815 | +0.154% | $314K | $1.9M | 50x | as long as short |
| Bybit FILUSDTshort | −0.0071% | 8h | 0.9808 | +0.083% | $15.4M | $18.0M | 25x | |
| Bitget FILUSDT | −0.0034% | 8h | 0.9803 | +0.032% | $10.8M | $21.9M | 75x | as long as short |
| Hyperliquid FIL | −0.0017% | 1h | 0.9803 | +0.035% | $8.6M | $9.4M | 5x | as long as short |
| Variational Omni FIL | −0.0014% | 8h | 0.9812 | +0.125% | $435K | $276K | — | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9819 | +0.194% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9811 | +0.113% | $57K | $2K | 10x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Bitget FILUSDT
Hyperliquid FIL
Variational Omni FIL
gTrade (Gains Network) FIL/USD
dYdX FIL-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX FIL-USDT-SWAP | +0.0013% | 8h | 0.9805 | +0.052% | $18.0M | $96.3M | 50x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9751 | −0.499% | $2K | $148K | 12x | as long as short |
| KuCoin FILUSDTM | +0.0036% | 8h | 0.9811 | +0.113% | $7.3M | $7.1M | 50x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9808 | +0.081% | $486K | $514K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9804 | +0.046% | $56.1M | $175.7M | 75x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9806 | +0.062% | $7.8M | $16.3M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9798 | −0.019% | $249K | $104K | 50x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9807 | +0.072% | — | $11.8M | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9788 | −0.124% | $45K | $292K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9815 | +0.158% | $287K | $813K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9810 | +0.103% | $42K | $193K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9824 | +0.245% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9810 | +0.103% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9812 | +0.123% | $479 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9815 | +0.154% | $619K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9810 | +0.103% | $1.1M | $2.2M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9802 | +0.024% | $685K | $2.3M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9813 | +0.134% | $2.6M | $635K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0614% / S −0.0849% | 1h | 0.9820 | +0.204% | $208K | — | 100x | as long as short |
OKX FIL-USDT-SWAP
Injective FIL/USDC PERP
KuCoin FILUSDTM
Aster FILUSDT
Binance FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
BingX 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
Extended FIL-USD
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]