Funding you earn now, next payment 01:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.009%
Price spread now: Lighter against Bybit−0.011%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$260.259% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 7 days−0.010%−$1 · spread now −0.011%, 7d avg −0.078%
=Together, before fees−0.060%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.066% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.078%. Mind the row above: over the last 7 days funding on this pair cost −0.050%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit COINUSDT | 201.73 | 0 | get 0.0000% / 8h | 7h 29m | $5.0M | $5.9M | 50x |
| Short | Lighter COIN | 201.71 | 0.0104 | get 0.0013% / 1h | 29m 58s | $375K | $1.8M | 10x |
Bybit COINUSDT
Lighter COINFunding 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
- $21.84
- Price spread: −0.011% → −0.078%
- $6.61
- Slippage, 4 orders
- −$14.89
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $2.57
- Costs to cover
- 0.259%
- Break-even
- 6.2 days
Slippage from Bybit: live order book, 3 min ago; Lighter: live order book, 2 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, 3 min ago | 2.98 bp | 11.8 bp −$12 | 38.1 bp −$381 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 2 min ago | 0.40 bp | 0.4 bp $0 | 2.2 bp −$22 | doesn't fit | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 201.69 | −0.020% | $44K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.65 | −0.038% | $369K | $840K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.74 | +0.007% | $120K | $814K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.78 | +0.027% | $15.8M | $75.2M | 20x | as long as short |
| Bybit COINUSDTlong | 0.0000% | 8h | 201.73 | long leg | $5.0M | $5.9M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.74 | +0.005% | $3.3M | $4.5M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.74 | +0.005% | $1.3M | $6.8M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 201.82 | +0.045% | $6.9M | $9.1M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.69 | −0.018% | $839K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.54 | −0.094% | $14K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0021% | 1h | 201.70 | −0.015% | $1.4M | $3.8M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 201.65 | −0.040% | $434K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 201.71 | −0.010% | $16K | $53K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.52 | −0.104% | — | $286K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 201.64 | −0.045% | $16.6M | $12.3M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.58 | −0.074% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 201.68 | −0.025% | $100 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.58 | −0.074% | $357K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.80 | +0.035% | $1.0M | $125K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.44 | −0.144% | $91K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.66 | −0.035% | $583 | $4K | 10x | as long as short |
| Lighter COINshort | +0.0104% | 1h | 201.71 | −0.011% | $375K | $1.8M | 10x | |
| Aevo COIN-PERP | +0.0104% | 1h | 201.67 | −0.032% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.74 | +0.005% | $199K | $339K | 20x | as long as short |
| Phoenix COIN | +0.0237% | 1h | 201.53 | −0.099% | $5K | $279K | 10x | as long as short |
| edgeX COINUSDC | +0.0611% | 4h | 201.54 | −0.094% | $52K | $294K | 10x | as long as short |
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC