Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +11.0% APRpaid last 24h +0.008%
Price spread now: Bybit against Lighter+0.129%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$310.310% of the position
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.129%, 7d avg +0.082%
=Together, before fees+0.029%+ Points / potential airdropLighter: Season 3 · farm board+$3 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 Bybit is 0.048% dearer against Lighter than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.082%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter EWY | 185.51 | 0.0032 | pay 0.0004% / 1h | 38m 34s | $376K | $40K | 20x |
| Short | Bybit EWYUSDT | 185.75 | 0.0132 | get 0.0132% / 8h | 7h 38m | $4.9M | $4.8M | 100x |
Lighter EWY
Bybit EWYUSDTFunding 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
- $21.01
- Price spread: +0.129% → +0.082%
- $4.78
- Slippage, 4 orders
- −$19.99
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$5.2
- Costs to cover
- 0.310%
- Break-even
- 8.7 days
Slippage from Lighter: live order book, 51 min ago; Bybit: live order book, 4 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, 51 min ago | 2.41 bp | 4.9 bp −$5 | 15.6 bp −$156 | 47.6 bp −$4,764 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.27 bp | 8.3 bp −$8 | 14.0 bp −$140 | doesn't fit | doesn't fit |
EWY on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget EWYUSDT | −0.0535% | 8h | 185.77 | +0.140% | $3.1M | $2.6M | 20x | as long as short |
| Vest EWY-USD-PERP | −0.0020% | 1h | 185.40 | −0.059% | — | $235K | 25x | as long as short |
| Aster EWYUSDT | 0.0000% | 8h | 185.90 | +0.209% | $288K | $13K | 20x | as long as short |
| Extended EWY_24_5-USD | 0.0000% | 1h | 185.70 | +0.104% | $239K | $916K | 10x | as long as short |
| Binance EWYUSDT | 0.0000% | 8h | 185.75 | +0.129% | $26.9M | $82.1M | 50x | as long as short |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 185.70 | +0.102% | $4.1M | $4.6M | 50x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 185.74 | +0.124% | $4.1M | $4.4M | 50x | as long as short |
| MEXC EWY_USDT | 0.0000% | 8h | 185.67 | +0.086% | $7.6M | $4.4M | 100x | as long as short |
| Variational Omni EWY | 0.0000% | 8h | 185.76 | +0.137% | $1.1M | $1.1M | — | as long as short |
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 185.93 | +0.228% | $728K | $421K | 10x | as long as short |
Bitget EWYUSDT
Vest EWY-USD-PERP
Aster EWYUSDT
Extended EWY_24_5-USD
Binance EWYUSDT
OKX EWY-USDT-SWAP
Gate EWY_USDT
MEXC EWY_USDT
Variational Omni EWY
GRVT EWY_USDT_PerpShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX EWY-USDT | 0.0000% | 8h | 185.87 | +0.194% | — | $2.4M | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 186.06 | +0.296% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 185.73 | +0.119% | $1.6M | $37K | 10x | as long as short |
| Hotstuff EWY-PERP | +0.0024% | 1h | 185.60 | +0.049% | $27K | $16K | 20x | as long as short |
| BloFin EWY-USDT | +0.0029% | 8h | 185.74 | +0.124% | $48K | $218K | 50x | as long as short |
| Lighter EWYlong | +0.0032% | 1h | 185.51 | long leg | $376K | $40K | 20x | |
| Popdex EWYUSDT | +0.0048% | 1h | 185.75 | +0.129% | $197K | $154K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 185.53 | +0.011% | $6.2M | $14.9M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 185.65 | +0.075% | $141K | $119K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 185.60 | +0.049% | $4K | $141 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 185.72 | +0.113% | $745 | $3K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 185.58 | +0.038% | $234K | $334K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0058% | 8h | 185.64 | +0.070% | $22 | — | 5x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 185.70 | +0.102% | $956K | $621K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 185.78 | +0.146% | $13K | $264K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 185.81 | +0.162% | $2K | $1K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0112% | 1h | 185.80 | +0.156% | $515K | $250K | 20x | as long as short |
| Bybit EWYUSDTshort | +0.0132% | 8h | 185.75 | +0.129% | $4.9M | $4.8M | 100x | |
| Deribit EWY_USDC-PERPETUAL | +0.0181% | 1h | 185.72 | +0.113% | $3K | $15K | 20x | as long as short |
| edgeX EWYUSDC | +0.0344% | 4h | 185.79 | +0.152% | $417K | $285K | 20x | as long as short |
SunX EWY-USDT
HTX EWY-USDT
Phemex EWYUSDT
Hotstuff EWY-PERP
BloFin EWY-USDT
Popdex EWYUSDT
tradeXYZ xyz:EWY
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
Coinbase International EWY-PERP-INTX
Deribit EWY_USDC-PERPETUAL
edgeX EWYUSDC