Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.009%
Price spread now: Bybit against Lighter RH+0.036%7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$390.395% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 7 days+0.056%+$6 · spread now +0.036%, 7d avg +0.065%
=Together, before fees+0.133%+ Points / potential airdropLighter RH: Points live · farm board+$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.029% cheaper against Lighter RH than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.065%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.077%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH COIN | 194.20 | 0.0032 | pay 0.0004% / 1h | 26m 04s | $471K | $1.3M | 10x |
| Short | Bybit COINUSDT | 194.27 | 0 | get 0.0000% / 8h | 7h 26m | $4.6M | $6.0M | 50x |
Lighter RH COIN
Bybit COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Lighter RH. 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: +0.036% → +0.065%
- −$2.87
- Slippage, 4 orders
- −$28.45
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$49.05
- Costs to cover
- 0.395%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 2 min ago; Bybit: 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 Lighter RH live order book, 2 min ago | 4.88 bp | 6.4 bp −$6 | 13.5 bp −$135 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.31 bp | 14.8 bp −$15 | 26.9 bp −$269 | 155.2 bp −$15.5K | 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 | 194.86 | +0.340% | $17K | $53K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0068% | 1h | 193.85 | −0.180% | — | $319K | 25x | as long as short |
| Bitget COINUSDT | −0.0055% | 8h | 194.39 | +0.098% | $6.3M | $10.2M | 20x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 194.32 | +0.063% | $339K | $879K | 20x | as long as short |
| Bybit COINUSDTshort | 0.0000% | 8h | 194.27 | +0.036% | $4.6M | $6.0M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 194.25 | +0.026% | $3.0M | $4.6M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 194.32 | +0.062% | $1.2M | $6.8M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 194.80 | +0.310% | $657K | $981K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 194.84 | +0.330% | $17K | $3.0M | 10x | as long as short |
| Extended COIN_24_5-USD | +0.0016% | 1h | 194.31 | +0.055% | $103K | $860K | 10x | as long as short |
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Bitget COINUSDT
Aster COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Extended COIN_24_5-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance COINUSDT | +0.0019% | 8h | 194.30 | +0.054% | $14.6M | $81.5M | 20x | as long as short |
| Lighter COIN | +0.0032% | 1h | 194.22 | +0.010% | $357K | $2.0M | 10x | as long as short |
| Lighter RH COINlong | +0.0032% | 1h | 194.20 | long leg | $471K | $1.3M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 194.55 | +0.180% | $17K | $49K | 5x | as long as short |
| edgeX COINUSDC | +0.0045% | 4h | 194.82 | +0.319% | $50K | $296K | 10x | as long as short |
| QFEX COIN-USD | +0.0047% | 1h | 194.32 | +0.062% | $1.3M | $2.8M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 194.15 | −0.026% | $15.4M | $13.0M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 194.16 | −0.021% | $134K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 194.25 | +0.026% | $77 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 194.28 | +0.041% | $422K | $2.5M | 10x | as long as short |
| BloFin COIN-USDT | +0.0079% | 8h | 194.45 | +0.129% | $187K | $481K | 20x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 194.32 | +0.062% | $978K | $194K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 194.72 | +0.268% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 194.36 | +0.082% | $562 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 194.27 | +0.035% | $115 | — | 10x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 194.74 | +0.278% | $4K | $283K | 10x | as long as short |
Binance COINUSDT
Lighter COIN
Arcus COIN-USD
edgeX COINUSDC
QFEX COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
BloFin COIN-USDT
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN