Funding you earn now, next payment 01:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h +0.017%
Price spread now: Lighter against Bybit−0.047%7-day average +0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$750.751% of the position
Funding, last 7 days+0.050%+$5 on $10k
+Price spread, last 4 days (all we have)+0.181%+$18 · spread now −0.047%, 7d avg +0.096%
=Together, before fees+0.231%+ Points / potential airdropLighter: Season 3 · farm board+$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.143% cheaper against Bybit than usual: you would sell low and buy high (spread −0.047% now, against its 7-day average of +0.096%). If the spread goes back, that is −$14 on $10k: about 17 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PYTHUSDT | 0.06360 | 0.0069 | pay 0.0034% / 4h | 3h 43m | $7.6M | $4.8M | 50x |
| Short | Lighter PYTH | 0.06357 | 0.0096 | get 0.0012% / 1h | 43m 21s | $201K | $198K | 5x |
Bybit PYTHUSDT
Lighter PYTHFunding 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
- $5.77
- Price spread: −0.047% → +0.096%
- −$14.3
- Slippage, 4 orders
- −$64.05
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$83.58
- Costs to cover
- 0.751%
- Break-even
- 108.5 days
Slippage from Bybit: live order book, 5 min ago; Lighter: live order book, 12 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, 5 min ago | 1.57 bp | 29.0 bp −$29 | 409.2 bp −$4,092 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 12 min ago | 3.14 bp | 6.8 bp −$7 | 67.6 bp −$676 | doesn't fit | doesn't fit |
PYTH on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PYTH-USDT | −0.0201% | 4h | 0.06354 | −0.094% | $424K | $113K | 75x | as long as short |
| Binance PYTHUSDT | −0.0179% | 4h | 0.06358 | −0.031% | $9.2M | $17.6M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0178% | 4h | 0.06359 | −0.016% | $9.7M | $2.4M | 125x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0137% | 1h | 0.06347 | −0.198% | $389K | $289K | 25x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06368 | +0.126% | $40K | $18K | 25x | as long as short |
| Aster PYTHUSDT | −0.0012% | 4h | 0.06355 | −0.083% | $22K | $44K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06353 | −0.109% | $189K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.572% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0040% | 1h | 0.06365 | +0.079% | $23K | — | 3x | as long as short |
| Bybit PYTHUSDTlong | +0.0069% | 4h | 0.06360 | long leg | $7.6M | $4.8M | 50x |
BloFin PYTH-USDT
Binance PYTHUSDT
MEXC PYTH_USDT
Kraken Futures PF_PYTHUSD
Coinbase International PYTH-PERP-INTX
Aster PYTHUSDT
dYdX PYTH-USD
Injective PYTH/USDC PERP
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTHshort | +0.0096% | 1h | 0.06357 | −0.047% | $201K | $198K | 5x | |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06348 | −0.181% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06366 | +0.094% | $1.9M | $1.6M | 5x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06361 | +0.016% | $2.1M | $3.4M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06352 | −0.126% | $1.1M | $468K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06358 | −0.031% | $1.5M | $325K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06362 | +0.031% | $2.6M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06357 | −0.047% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06358 | −0.031% | $38K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06356 | −0.066% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06357 | −0.043% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0853% | 1h | 0.06348 | −0.186% | $35K | $92K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.1639% | 1h | 0.06363 | +0.047% | $10K | $10K | 10x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP
Deribit PYTH_USDC-PERPETUAL