Funding you earn now, next payment 00:00 UTC−0.5212%/8h= −570.7% APRpaid last 24h −0.371%
Price spread now: Bybit against Lighter−0.230%7-day average −0.278% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$406as in the Price arb table
costs, in and out, $10k−$4104.104% of the position
Funding, last 4 days (all we have)−0.270%−$27 on $10k
+Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.230%, 7d avg −0.278%
=Together, before fees−0.193%+ Points / potential airdropLighter: Season 3 · farm board−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.048% dearer against Lighter than usual: you sell high and buy low (spread −0.230% now, against its 7-day average of −0.278%): +$5 on $10k if it goes back. Holding the pair costs −$156 a day in funding at the current rate, which eats that in about under an hour. At the pace of the last 4 days (−0.270% in total) that is about 16 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.270% in total (about -25.7% 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 STONK | 0.3649 | 0.7104 | pay 0.0888% / 1h | 4m 55s | $428K | $608K | 5x |
| Short | Bybit STONKUSDT | 0.3641 | 0.1892 | get 0.0946% / 4h | 4m 55s | $1.6M | $7.0M | 5x |
Lighter STONK
Bybit STONKUSDTFunding 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
- −$1,094.56
- Price spread: −0.230% → −0.278%
- $4.75
- Slippage, 4 orders
- −$399.37
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,500.17
- Costs to cover
- 4.104%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 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, 5 min ago | 42.73 bp | 144.7 bp −$145 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 5.51 bp | 43.2 bp −$43 | 237.2 bp −$2,372 | doesn't fit | doesn't fit |
STONK on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget STONKUSDT | +0.0326% | 4h | 0.3633 | −0.447% | $340K | $2.8M | 10x | as long as short |
| Phoenix STONK | +0.1347% | 1h | 0.3616 | −0.923% | $197K | $238K | 3x | as long as short |
| Bybit STONKUSDTshort | +0.1892% | 4h | 0.3641 | −0.230% | $1.6M | $7.0M | 5x | |
| BloFin STONK-USDT | +0.2479% | 4h | 0.3638 | −0.312% | $90K | $239K | 5x | as long as short |
| Gate STONK_USDT | +0.2736% | 4h | 0.3659 | +0.266% | $910K | $1.8M | 10x | as long as short |
| BingX STONK-USDT | +0.2870% | 4h | 0.3645 | −0.121% | — | $949K | — | as long as short |
| MEXC STONK_USDT | +0.3310% | 4h | 0.3638 | −0.307% | $824K | $1.1M | 20x | as long as short |
| Lighter STONKlong | +0.7104% | 1h | 0.3649 | long leg | $428K | $608K | 5x | |
| Aster STONKUSDT | +0.7770% | 1h | 0.3660 | +0.290% | $492K | $1.1M | 10x | as long as short |
Bitget STONKUSDT
Phoenix STONK
BloFin STONK-USDT
Gate STONK_USDT
BingX STONK-USDT
MEXC STONK_USDT
Aster STONKUSDT