Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.009%
Price spread now: Lighter RH against Bybit−0.015%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$360.362% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 7 days−0.077%−$8 · spread now −0.015%, 7d avg −0.065%
=Together, before fees−0.154%+ Points / potential airdropLighter RH: Points live · farm board−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.049% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.065%. Mind the row above: over the last 7 days funding on this pair cost −0.077%, 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 | 195.47 | 0 | get 0.0000% / 8h | 7h 42m | $4.7M | $6.1M | 50x |
| Short | Lighter RH COIN | 195.44 | 0.0032 | get 0.0004% / 1h | 42m 11s | $468K | $1.3M | 10x |
Bybit COINUSDT
Lighter RH COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $6.72
- Price spread: −0.015% → −0.065%
- $4.94
- Slippage, 4 orders
- −$25.17
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$24.51
- Costs to cover
- 0.362%
- Break-even
- 32.5 days
Slippage from Bybit: live order book, 1 min ago; Lighter RH: live order book, just now.
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, 1 min ago | 0.26 bp | 13.6 bp −$14 | 25.4 bp −$254 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, just now | 1.02 bp | 6.5 bp −$7 | 11.6 bp −$116 | 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 | 195.19 | −0.143% | $43K | $40K | 30x | as long as short |
| Bitget COINUSDT | −0.0176% | 8h | 195.61 | +0.072% | $6.3M | $10.4M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0056% | 1h | 195.04 | −0.220% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.65 | +0.090% | $341K | $890K | 20x | as long as short |
| Bybit COINUSDTlong | 0.0000% | 8h | 195.47 | long leg | $4.7M | $6.1M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.45 | −0.010% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.54 | +0.036% | $1.2M | $6.8M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.75 | +0.145% | $660K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.70 | +0.119% | $14K | $2.9M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 195.41 | −0.031% | $360K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Lighter COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH COINshort | +0.0032% | 1h | 195.44 | −0.015% | $468K | $1.3M | 10x | |
| Extended COIN_24_5-USD | +0.0040% | 1h | 195.44 | −0.015% | $106K | $860K | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.69 | +0.113% | $17K | $57K | 5x | as long as short |
| Binance COINUSDT | +0.0043% | 8h | 195.49 | +0.012% | $14.9M | $81.7M | 20x | as long as short |
| QFEX COIN-USD | +0.0047% | 1h | 195.43 | −0.020% | $1.3M | $2.8M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.38 | −0.046% | $15.1M | $12.8M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.41 | −0.031% | $134K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.45 | −0.010% | $76 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.19 | −0.143% | $437K | $2.5M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.47 | 0.000% | $984K | $174K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.57 | +0.051% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.49 | +0.010% | $565 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.43 | −0.021% | $115 | — | 10x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 195.65 | +0.092% | $4K | $283K | 10x | as long as short |
| BloFin COIN-USDT | +0.0166% | 8h | 195.52 | +0.026% | $186K | $474K | 20x | as long as short |
| edgeX COINUSDC | +0.0281% | 4h | 195.72 | +0.126% | $50K | $296K | 10x | as long as short |
Extended COIN_24_5-USD
Arcus COIN-USD
Binance COINUSDT
QFEX COIN-USD
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
Phoenix COIN
BloFin COIN-USDT
edgeX COINUSDC