Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Lighter+0.001%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$380.383% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 4 days (all we have)−0.212%−$21 · spread now +0.001%, 7d avg +0.014%
=Together, before fees−0.227%+ Points / potential airdropLighter: Season 3 · farm board−$23 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter GBPUSD | 1.3352 | 0 | get 0.0000% / 1h | 57m 40s | $221K | $1.0M | 50x |
| Short | Bybit GBPUSDUSDT | 1.3352 | 0 | get 0.0000% / 8h | 6h 57m | $241K | $99K | 100x |
Lighter GBPUSD
Bybit GBPUSDUSDTFunding 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
- $0
- Price spread: +0.001% → +0.014%
- −$1.21
- Slippage, 4 orders
- −$27.32
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$39.53
- Costs to cover
- 0.383%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; Bybit: live order book, 17 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, 3 min ago | 0.04 bp | 0.5 bp −$1 | 11.1 bp −$111 | 52.7 bp −$5,274 | doesn't fit |
| Sell Bybit live order book, 17 min ago | 0.04 bp | 8.0 bp −$8 | 42.7 bp −$427 | doesn't fit | doesn't fit |
GBP on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi GBP/USDT-P | −0.0080% | 1h | 1.3356 | +0.032% | $22K | $42K | 20x | as long as short |
| tradeXYZ xyz:GBP | 0.0000% | 1h | 1.3359 | +0.052% | $257K | $360K | 50x | as long as short |
| Lighter GBPUSDlong | 0.0000% | 1h | 1.3352 | long leg | $221K | $1.0M | 50x | |
| Bybit GBPUSDUSDTshort | 0.0000% | 8h | 1.3352 | +0.001% | $241K | $99K | 100x | |
| Gate GBPUSD_USDT | 0.0000% | 8h | 1.3365 | +0.097% | $221K | $14K | 100x | as long as short |
| Bitget GBPUSDUSDT | 0.0000% | 8h | 1.3354 | +0.015% | $12K | $8K | 100x | as long as short |
| SunX GBPUSD-USDT | 0.0000% | 1h | 1.3357 | +0.037% | — | $2.1M | 10x | as long as short |
| Kraken Futures PF_GBPUSD | 0.0000% | 1h | 1.3350 | −0.012% | $989 | — | 20x | as long as short |
| HTX GBPUSD-USDT | 0.0000% | 1h | 1.3378 | +0.195% | $5K | $336K | 20x | as long as short |
| Nado GBPUSD-PERP | +0.0014% | 1h | 1.3359 | +0.054% | $16K | $1K | 40x | as long as short |
Hibachi GBP/USDT-P
tradeXYZ xyz:GBP
Gate GBPUSD_USDT
Bitget GBPUSDUSDT
SunX GBPUSD-USDT
Kraken Futures PF_GBPUSD
HTX GBPUSD-USDT
Nado GBPUSD-PERPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest GBP-USD-PERP | +0.0038% | 1h | 1.3347 | −0.037% | — | $5K | 100x | as long as short |
| MEXC GBP_USDT | +0.0216% | 4h | 1.3359 | +0.052% | $26.3M | $335K | 100x | as long as short |
| Injective GBPUSD/USDC PERP | +0.0220% | 1h | 1.3504 | +1.135% | $11K | $72K | 101x | as long as short |
Vest GBP-USD-PERP
MEXC GBP_USDT
Injective GBPUSD/USDC PERP