Funding you earn now, next payment 06:00 UTC−0.0392%/8h= −42.9% APRpaid last 24h −0.075%
Price spread now: Bybit against Lighter−0.009%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$310.311% of the position
Funding, last 7 days−0.381%−$38 on $10k
+Price spread, last 7 days−0.003%$0 · spread now −0.009%, 7d avg −0.023%
=Together, before fees−0.384%+ Points / potential airdropLighter: Season 3 · farm board−$38 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NBIS | 232.82 | 0.0392 | pay 0.0049% / 1h | 51m 04s | $931K | $3.9M | 10x |
| Short | Bybit NBISUSDT | 232.80 | 0 | get 0.0000% / 8h | 2h 51m | $5.0M | $6.4M | 50x |
Lighter NBIS
Bybit NBISUSDTFunding 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
- −$82.32
- Price spread: −0.009% → −0.023%
- $1.42
- Slippage, 4 orders
- −$20.14
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$112.04
- Costs to cover
- 0.311%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 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 live order book, 6 min ago | 1.51 bp | 2.2 bp −$2 | 4.7 bp −$47 | 94.0 bp −$9,402 | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.15 bp | 14.7 bp −$15 | 75.4 bp −$754 | doesn't fit | doesn't fit |
NBIS on 31 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 NBISUSDT | −0.0068% | 8h | 232.84 | +0.009% | $2.3M | $4.5M | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 232.68 | −0.062% | $83K | $309K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 232.74 | −0.036% | $145K | $756K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 232.74 | −0.034% | $18.9M | $85.7M | 25x | as long as short |
| Bybit NBISUSDTshort | 0.0000% | 8h | 232.80 | −0.009% | $5.0M | $6.4M | 50x | |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 232.78 | −0.017% | $3.4M | $16.1M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 232.90 | +0.034% | $2.7M | $5.0M | 50x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 232.58 | −0.103% | $2.9M | $552K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 232.72 | −0.041% | $5K | $118K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 232.58 | −0.103% | $1K | $1.6M | 10x | as long as short |
Bitget NBISUSDT
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Variational Omni NBIS
GRVT NBIS_USDT_Perp
SunX NBIS-USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX NBIS-USDT | 0.0000% | 8h | 232.96 | +0.060% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 232.78 | −0.017% | $1.6M | $956K | 10x | as long as short |
| BloFin NBIS-USDT | +0.0015% | 8h | 232.69 | −0.056% | $205K | $205K | 20x | as long as short |
| QFEX NBIS-USD | +0.0029% | 1h | 232.66 | −0.069% | $1.5M | $3.9M | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 232.46 | −0.155% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 232.68 | −0.060% | — | $217K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 232.63 | −0.082% | $143K | $459K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 232.76 | −0.026% | $161K | $507K | 10x | as long as short |
| Nado NBIS-PERP | +0.0084% | 1h | 232.72 | −0.043% | $38K | $115K | 3x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0094% | 1h | 232.76 | −0.026% | $35K | $49K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 232.65 | −0.073% | $479K | $20K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 232.80 | −0.009% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 232.77 | −0.021% | — | — | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0130% | 1h | 232.64 | −0.077% | $54.2M | $20.2M | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0168% | 1h | 232.30 | −0.223% | $361K | $771K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0192% | 1h | 232.76 | −0.026% | $102 | $20K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0221% | 1h | 232.73 | −0.039% | $23K | $15K | 20x | as long as short |
| Phoenix NBIS | +0.0242% | 1h | 232.60 | −0.094% | $7K | $150K | 10x | as long as short |
| Lighter NBISlong | +0.0392% | 1h | 232.82 | long leg | $931K | $3.9M | 10x | |
| Entropy io:NBIS | +0.0568% | 1h | 232.62 | −0.086% | $10.1M | $3.2M | 10x | as long as short |
| edgeX NBISUSDC | +0.0915% | 4h | 232.68 | −0.058% | $37K | $226K | 10x | as long as short |
HTX NBIS-USDT
Phemex NBISUSDT
BloFin NBIS-USDT
QFEX NBIS-USD
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
Ondo Perps NBIS-USD.P
Nado NBIS-PERP
Deribit NBIS_USDC-PERPETUAL
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
tradeXYZ xyz:NBIS
Coinbase International NBIS-PERP-INTX
SoDEX NBIS-USD
Kraken Futures PF_NBISUSD
Phoenix NBIS
Entropy io:NBIS
edgeX NBISUSDC