Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.065%
Price spread now: Bybit against Lighter−0.104%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$152as in the Price arb table
costs, in and out, $10k−$1471.468% of the position
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 4 days (all we have)−0.153%−$15 · spread now −0.104%, 7d avg −0.049%
=Together, before fees−0.222%+ Points / potential airdropLighter: Season 3 · farm board−$22 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.056% cheaper against Lighter than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.049%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SYRUP | 0.2306 | 0.0096 | pay 0.0012% / 1h | 28m 16s | $210K | $220K | 5x |
| Short | Bybit SYRUPUSDT | 0.2303 | 0.0100 | get 0.0050% / 4h | 28m 16s | $2.3M | $1.9M | 25x |
Lighter SYRUP
Bybit SYRUPUSDTFunding 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
- $0.84
- Price spread: −0.104% → −0.049%
- −$5.56
- Slippage, 4 orders
- −$135.76
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$151.47
- Costs to cover
- 1.468%
- Break-even
- 1269.3 days
Slippage from Lighter: live order book, 32 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, 32 min ago | 13.89 bp | 19.4 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.83 bp | 41.9 bp −$42 | 166.3 bp −$1,663 | doesn't fit | doesn't fit |
SYRUP on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter SYRUPlong | +0.0096% | 1h | 0.2306 | long leg | $210K | $220K | 5x | |
| Aster SYRUPUSDT | +0.0100% | 4h | 0.2300 | −0.264% | $13K | $62K | 10x | as long as short |
| Binance SYRUPUSDT | +0.0100% | 4h | 0.2301 | −0.182% | $9.6M | $6.6M | 25x | as long as short |
| Bybit SYRUPUSDTshort | +0.0100% | 4h | 0.2303 | −0.104% | $2.3M | $1.9M | 25x | |
| OKX SYRUP-USDT-SWAP | +0.0100% | 4h | 0.2302 | −0.156% | $1.2M | $1.0M | 20x | as long as short |
| Gate SYRUP_USDT | +0.0100% | 8h | 0.2297 | −0.360% | $427K | $69K | 25x | as long as short |
| MEXC SYRUP_USDT | +0.0100% | 4h | 0.2301 | −0.200% | $3.0M | $582K | 100x | as long as short |
| KuCoin SYRUPUSDTM | +0.0100% | 4h | 0.2307 | +0.043% | $2.0M | $108K | 25x | as long as short |
| Bitget SYRUPUSDT | +0.0100% | 4h | 0.2302 | −0.156% | $678K | $450K | 20x | as long as short |
| BingX SYRUP-USDT | +0.0100% | 4h | 0.2302 | −0.169% | — | $6.5M | — | as long as short |
Aster SYRUPUSDT
Binance SYRUPUSDT
OKX SYRUP-USDT-SWAP
Gate SYRUP_USDT
MEXC SYRUP_USDT
KuCoin SYRUPUSDTM
Bitget SYRUPUSDT
BingX SYRUP-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SYRUP | +0.0100% | 4h | 0.2295 | −0.473% | $165K | $46K | — | as long as short |
| BloFin SYRUP-USDT | +0.0147% | 4h | 0.2293 | −0.538% | $459K | $133K | 50x | as long as short |
| Reya SYRUPRUSDPERP | +0.0149% | 1h | 0.2303 | −0.109% | — | — | 5x | as long as short |
| GMX SYRUP/USD [ETH-USDC] | L +0.0331% / S −0.1447% | 1h | 0.2300 | −0.238% | $3K | — | 50x | as long as short |
| Kraken Futures PF_SYRUPUSD | +0.0683% | 1h | 0.2306 | +0.032% | $41K | $23K | 10x | as long as short |
| Hyperliquid SYRUP | +0.1513% | 1h | 0.2306 | +0.004% | $5.9M | $1.5M | 3x | as long as short |
Variational Omni SYRUP
BloFin SYRUP-USDT
Reya SYRUPRUSDPERP
GMX SYRUP/USD [ETH-USDC]
Kraken Futures PF_SYRUPUSD
Hyperliquid SYRUP