Funding you earn now, next payment 11:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter against Bybit−0.066%7-day average −0.185% · you buy dearer than you sell
Net, funding: paid 7d − costs−$273as in the Funding arb table
Net, price: spread back to 7d avg − costs−$268as in the Price arb table
costs, in and out, $10k−$2802.799% of the position
Funding, last 7 days+0.069%+$7 on $10k
+Price spread, last 4 days (all we have)−0.337%−$34 · spread now −0.066%, 7d avg −0.185%
=Together, before fees−0.268%+ Points / potential airdropLighter: Season 3 · farm board−$27 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 is 0.119% dearer against Bybit than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.185%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SHEINUSDT | 4.8600 | 0 | get 0.0000% / 8h | 5h 25m | $394K | $106K | 25x |
| Short | Lighter SHEIN | 4.8568 | 0.0032 | get 0.0004% / 1h | 25m 29s | $65K | $1.0M | 5x |
Bybit SHEINUSDT
Lighter SHEINFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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: −0.066% → −0.185%
- $11.92
- Slippage, 4 orders
- −$268.92
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$261.28
- Costs to cover
- 2.799%
- Break-even
- 279.2 days
Slippage from Bybit: live order book, 12 min ago; Lighter: live order book, 3 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 Bybit live order book, 12 min ago | 20.53 bp | 62.6 bp −$63 | 1478.2 bp −$14.8K | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 21.33 bp | 50.4 bp −$50 | 351.2 bp −$3,512 | doesn't fit | doesn't fit |
SHEIN on 8 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SHEINUSDTlong | 0.0000% | 8h | 4.8600 | long leg | $394K | $106K | 25x | |
| Gate SHEIN_USDT | 0.0000% | 8h | 4.8520 | −0.165% | $48K | $43K | 50x | as long as short |
| Bitget SHEINUSDT | 0.0000% | 8h | 4.8620 | +0.041% | $248K | $276K | 20x | as long as short |
| HTX SHEIN-USDT | 0.0000% | 1h | 4.8659 | +0.121% | $7K | $382K | 20x | as long as short |
| Lighter SHEINshort | +0.0032% | 1h | 4.8568 | −0.066% | $65K | $1.0M | 5x | |
| Lighter RH SHEIN | +0.0032% | 1h | 4.8580 | −0.041% | $32K | $60K | 5x | as long as short |
| OKX SHEIN-USDT-SWAP | +0.0312% | 8h | 4.8610 | +0.021% | $141K | $236K | 10x | as long as short |
| tradeXYZ xyz:SHEIN | +0.1277% | 1h | 4.8519 | −0.167% | $735K | $263K | 10x | as long as short |
Gate SHEIN_USDT
Bitget SHEINUSDT
HTX SHEIN-USDT
Lighter RH SHEIN
OKX SHEIN-USDT-SWAP
tradeXYZ xyz:SHEIN