Settings8H · net · $10k
Funding arb · Price arb /

BOT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.051%
Price spread now: Bybit against Lighter−0.553%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.244%−$24 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.553% cheaper against Lighter than usual: you would sell low and buy high (−$55 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BOT29.6540.0032pay 0.0004% / 1h49m 30s$68K$2K3x
ShortBybit BOTUSDT29.4900get 0.0000% / 8h6h 49m$469K$436K25x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$6.72
Price spread: −0.553% → 0.000%
−$55.3
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$73.02
Costs to cover
0.110%
Break-even
never at this rate
Slippage unknown: Lighter: no order-book sample; Bybit: live order book, 10 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter no order-book sample
Sell Bybit live order book, 10 min ago3.39 bp80.0 bp −$80215.6 bp −$2,156doesn't fitdoesn't fit
Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BOT on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin BOTUSDTM−0.1885%8h29.500−0.519%$96K$313K20xas long as short
Binance BOTUSDT−0.1429%8h29.517−0.461%$454K$1.2M10xas long as short
Variational Omni BOT−0.1357%8h29.510−0.484%$31K$21Kas long as short
OKX BOT-USDT-SWAP−0.1239%8h29.530−0.418%$235K$233K20xas long as short
QFEX BOT-USD−0.0320%1h29.500−0.519%$1.2M$524K10xas long as short
Bybit BOTUSDTshort0.0000%8h29.490−0.553%$469K$436K25x
Gate BOT_USDT0.0000%8h29.570−0.283%$256K$240K20xas long as short
Bitget BOTUSDT0.0000%8h29.570−0.283%$250K$132K5xas long as short
Lighter BOTlong+0.0032%1h29.654long leg$68K$2K3x
Arcus BOT-USD+0.0040%1h29.470−0.620%$3K$9K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:BOT+0.0050%1h29.476−0.600%$3.1M$831K10xas long as short
HTX BOT-USDT+0.0100%8h29.540−0.384%$3K$34K10xas long as short