Funding you earn now, next payment 07:00 UTC−0.1348%/8h= −147.6% APRpaid last 24h −0.218%
Price spread now: Bybit against Lighter−0.360%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1081.078% of the position
Funding, last 7 days−0.225%−$22 on $10k
+Price spread, last 4 days (all we have)+0.460%+$46 · spread now −0.360%, 7d avg −0.057%
=Together, before fees+0.235%+ Points / potential airdropLighter: Season 3 · farm board+$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$40 a day on $10k at the current rate, and Bybit is 0.302% cheaper against Lighter than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.057%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.225% in total (about -11.7% 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 KAITO | 0.3504 | 0.1448 | pay 0.0181% / 1h | 36m 13s | $86K | $102K | 5x |
| Short | Bybit KAITOUSDT | 0.3491 | 0.0100 | get 0.0050% / 4h | 1h 36m | $4.4M | $8.0M | 75x |
Lighter KAITO
Bybit KAITOUSDTFunding 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
- −$283.08
- Price spread: −0.360% → −0.057%
- −$30.24
- Slippage, 4 orders
- −$96.78
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$421.1
- Costs to cover
- 1.078%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 49 min ago; Bybit: live order book, 2 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 | 10.47 bp | 49.3 bp −$49 | 83.7 bp −$837 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.43 bp | 26.8 bp −$27 | 81.2 bp −$812 | doesn't fit | doesn't fit |
KAITO on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya KAITORUSDPERP | 0.0000% | 1h | 0.3370 | −3.805% | — | — | — | as long as short |
| Injective KAITO/USDC PERP | +0.0044% | 1h | 0.3495 | −0.245% | $7K | $52K | 12x | as long as short |
| Aster KAITOUSDT | +0.0100% | 4h | 0.3487 | −0.468% | $117K | $51K | 10x | as long as short |
| Pacifica KAITO | +0.0100% | 1h | 0.3490 | −0.384% | $18K | $14K | 5x | as long as short |
| Binance KAITOUSDT | +0.0100% | 4h | 0.3488 | −0.457% | $10.6M | $17.2M | 75x | as long as short |
| Bybit KAITOUSDTshort | +0.0100% | 4h | 0.3491 | −0.360% | $4.4M | $8.0M | 75x | |
| OKX KAITO-USDT-SWAP | +0.0100% | 4h | 0.3485 | −0.531% | $4.2M | $11.0M | 50x | as long as short |
| Gate KAITO_USDT | +0.0100% | 4h | 0.3489 | −0.417% | $657K | $1.7M | 75x | as long as short |
| MEXC KAITO_USDT | +0.0100% | 4h | 0.3488 | −0.445% | $3.0M | $1.1M | 50x | as long as short |
| KuCoin KAITOUSDTM | +0.0100% | 4h | 0.3490 | −0.388% | $1.4M | $164K | 30x | as long as short |
Reya KAITORUSDPERP
Injective KAITO/USDC PERP
Aster KAITOUSDT
Pacifica KAITO
Binance KAITOUSDT
OKX KAITO-USDT-SWAP
Gate KAITO_USDT
MEXC KAITO_USDT
KuCoin KAITOUSDTMShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget KAITOUSDT | +0.0100% | 4h | 0.3489 | −0.417% | $4.4M | $3.5M | 75x | as long as short |
| BingX KAITO-USDC | +0.0100% | 4h | 0.3488 | −0.445% | — | $6.5M | — | as long as short |
| Backpack KAITO_USDC_PERP | +0.0100% | 1h | 0.3490 | −0.397% | $19K | $187K | 10x | as long as short |
| Variational Omni KAITO | +0.0100% | 4h | 0.3500 | −0.106% | $44K | $211K | — | as long as short |
| GRVT KAITO_USDT_Perp | +0.0100% | 4h | 0.3498 | −0.173% | $238K | $2.5M | 10x | as long as short |
| ApeX Omni KAITOUSDT | +0.0100% | 1h | 0.3499 | −0.131% | $29K | $259K | 50x | as long as short |
| Polymarket Perps KAITO-USD | +0.0100% | 1h | 0.3489 | −0.425% | $15K | $4.7M | 5x | as long as short |
| Orderly PERP_KAITO_USDC_mythos | +0.0100% | 4h | 0.3487 | −0.474% | $3K | $2K | 10x | as long as short |
| Extended KAITO-USD | +0.0104% | 1h | 0.3488 | −0.448% | $80K | $63K | 10x | as long as short |
| Aevo KAITO-PERP | +0.0104% | 1h | 0.3488 | −0.431% | $242K | — | 3x | as long as short |
| edgeX KAITOUSDC | +0.0111% | 4h | 0.3490 | −0.376% | $17K | $325K | 5x | as long as short |
| BloFin KAITO-USDT | +0.0116% | 4h | 0.3493 | −0.303% | $550K | $68K | 75x | as long as short |
| Paradex KAITO-USD-PERP | +0.0121% | 8h | 0.3489 | −0.406% | $4K | $604 | 10x | as long as short |
| Hyperliquid KAITO | +0.0700% | 1h | 0.3491 | −0.360% | $2.0M | $866K | 5x | as long as short |
| Kraken Futures PF_KAITOUSD | +0.0813% | 1h | 0.3488 | −0.456% | $245K | $156K | 10x | as long as short |
| Lighter KAITOlong | +0.1448% | 1h | 0.3504 | long leg | $86K | $102K | 5x | |
| 01 Exchange KAITOUSD | +0.8272% | 1h | 0.3577 | +2.104% | $6K | $988 | 3x | as long as short |
Bitget KAITOUSDT
BingX KAITO-USDC
Backpack KAITO_USDC_PERP
Variational Omni KAITO
GRVT KAITO_USDT_Perp
ApeX Omni KAITOUSDT
Polymarket Perps KAITO-USD
Orderly PERP_KAITO_USDC_mythos
Extended KAITO-USD
Aevo KAITO-PERP
edgeX KAITOUSDC
BloFin KAITO-USDT
Paradex KAITO-USD-PERP
Hyperliquid KAITO
Kraken Futures PF_KAITOUSD
01 Exchange KAITOUSD