Funding you earn now, next payment 22:00 UTC−0.0700%/8h= −76.6% APRpaid last 24h −0.097%
Price spread now: Bybit against Lighter−0.242%7-day average −0.127% · 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−$66as in the Price arb table
costs, in and out, $10k−$550.546% of the position
Funding, last 7 days−0.157%−$16 on $10k
+Price spread, last 4 days (all we have)+0.136%+$14 · spread now −0.242%, 7d avg −0.127%
=Together, before fees−0.021%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Bybit is 0.114% cheaper against Lighter than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.127%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.157% in total (about -8.2% 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 XLM | 0.2149 | 0.0800 | pay 0.0100% / 1h | 26m 06s | $429K | $788K | 5x |
| Short | Bybit XLMUSDT | 0.2144 | 0.0100 | get 0.0100% / 8h | 2h 26m | $43.6M | $41.1M | 75x |
Lighter XLM
Bybit XLMUSDTFunding 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
- −$147
- Price spread: −0.242% → −0.127%
- −$11.45
- Slippage, 4 orders
- −$43.6
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$213.05
- Costs to cover
- 0.546%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 59 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, 59 min ago | 4.93 bp | 23.2 bp −$23 | 62.2 bp −$622 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.34 bp | 12.3 bp −$12 | 18.5 bp −$185 | 62.5 bp −$6,255 | doesn't fit |
XLM on 31 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XLM-USD | 0.0000% | 1h | 0.2142 | −0.339% | $23K | $3K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2143 | −0.300% | $4K | — | 150x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2144 | −0.247% | $588K | $793K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2145 | −0.191% | $55.3M | $144.9M | 75x | as long as short |
| Bybit XLMUSDTshort | +0.0100% | 8h | 0.2144 | −0.242% | $43.6M | $41.1M | 75x | |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2144 | −0.251% | $13.0M | $40.5M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2144 | −0.247% | $3.9M | $5.9M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2145 | −0.191% | $25.1M | $25.2M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2144 | −0.242% | $14.3M | $10.3M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2145 | −0.219% | $25.7M | $17.9M | 75x | as long as short |
dYdX XLM-USD
gTrade (Gains Network) XLM/USD
Aster XLMUSDT
Binance XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XLM-USDT | +0.0100% | 8h | 0.2144 | −0.223% | — | $6.9M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2145 | −0.181% | $102K | $221K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2130 | −0.875% | $206K | $1.1M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2131 | −0.844% | $12K | $300K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2131 | −0.825% | $598K | $611K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2130 | −0.870% | $171K | $255K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2143 | −0.288% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2141 | −0.363% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2144 | −0.237% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2142 | −0.326% | $200K | $267K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2144 | −0.237% | $9.0M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2144 | −0.259% | $192K | $1.6M | 10x | as long as short |
| Phoenix XLM | +0.0187% | 1h | 0.2138 | −0.521% | $5K | $43K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2142 | −0.354% | $2.3M | $6.3M | 75x | as long as short |
| Injective XLM/USDC PERP | +0.0249% | 1h | 0.2127 | −1.033% | $476 | $154K | 12x | as long as short |
| Hyperliquid XLM | +0.0252% | 1h | 0.2146 | −0.135% | $12.0M | $5.8M | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0312% / S −0.0166% | 1h | 0.2143 | −0.282% | $45K | — | 100x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0408% | 1h | 0.2145 | −0.191% | $228K | $1.5M | 50x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0550% | 1h | 0.2144 | −0.221% | $2.6M | $2.6M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0730% | 1h | 0.2146 | −0.163% | $533K | $170K | 25x | as long as short |
| Lighter XLMlong | +0.0800% | 1h | 0.2149 | long leg | $429K | $788K | 5x |
BingX XLM-USDT
Backpack XLM_USDC_PERP
Variational Omni XLM
edgeX XLMUSDC
GRVT XLM_USDT_Perp
ApeX Omni XLMUSDT
Orderly PERP_XLM_USDC_mythos
SunX XLM-USDT
SoDEX XLM-USD
HTX XLM-USDT
Phemex XLMUSDT
Extended XLM-USD
Phoenix XLM
BloFin XLM-USDT
Injective XLM/USDC PERP
Hyperliquid XLM
GMX XLM/USD [WBTC.b-USDC]
Coinbase International XLM-PERP-INTX
Kraken Futures PF_XLMUSD
Deribit XLM_USDC-PERPETUAL