Funding you earn now, next payment 10:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: Bybit against Lighter+0.297%7-day average +0.184% · you sell dearer than you buy
Net, funding: paid 7d − costs−$256as in the Funding arb table
Net, price: spread back to 7d avg − costs−$238as in the Price arb table
costs, in and out, $10k−$2492.490% of the position
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 4 days (all we have)+0.155%+$15 · spread now +0.297%, 7d avg +0.184%
=Together, before fees+0.086%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.112% dearer against Lighter than usual: you sell high and buy low (spread +0.297% now, against its 7-day average of +0.184%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SHEIN | 4.8556 | 0.0032 | pay 0.0004% / 1h | 9m 52s | $65K | $1.0M | 5x |
| Short | Bybit SHEINUSDT | 4.8700 | 0 | get 0.0000% / 8h | 6h 09m | $394K | $106K | 25x |
Lighter SHEIN
Bybit SHEINUSDTFunding 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
- −$6.72
- Price spread: +0.297% → +0.184%
- $11.25
- Slippage, 4 orders
- −$238
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$244.47
- Costs to cover
- 2.490%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; Bybit: live order book, 37 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, 4 min ago | 28.87 bp | 86.3 bp −$86 | 415.8 bp −$4,158 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 37 min ago | 20.49 bp | 76.0 bp −$76 | doesn't fit | 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 SHEINUSDTshort | 0.0000% | 8h | 4.8700 | +0.297% | $394K | $106K | 25x | |
| Gate SHEIN_USDT | 0.0000% | 8h | 4.8510 | −0.095% | $48K | $43K | 50x | as long as short |
| Bitget SHEINUSDT | 0.0000% | 8h | 4.8620 | +0.132% | $247K | $276K | 20x | as long as short |
| HTX SHEIN-USDT | 0.0000% | 1h | 4.8763 | +0.426% | $7K | $384K | 20x | as long as short |
| Lighter SHEINlong | +0.0032% | 1h | 4.8556 | long leg | $65K | $1.0M | 5x | |
| Lighter RH SHEIN | +0.0032% | 1h | 4.8534 | −0.045% | $33K | $65K | 5x | as long as short |
| OKX SHEIN-USDT-SWAP | +0.0186% | 8h | 4.8540 | −0.033% | $143K | $232K | 20x | as long as short |
| tradeXYZ xyz:SHEIN | +0.0968% | 1h | 4.8450 | −0.218% | $734K | $262K | 10x | as long as short |
Gate SHEIN_USDT
Bitget SHEINUSDT
HTX SHEIN-USDT
Lighter RH SHEIN
OKX SHEIN-USDT-SWAP
tradeXYZ xyz:SHEIN