Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter against Bybit−0.188%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.022%+$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding pays, the price is against you. Lighter is 0.188% cheaper against Bybit than usual: you would sell low and buy high (spread −0.188% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 20 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.022% in total) that is about 2 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SMICUSDT | 8.4000 | 0 | get 0.0000% / 8h | 3h 47m | $136K | $59K | 20x |
| Short | Lighter SMIC | 8.3842 | 0.0032 | get 0.0004% / 1h | 47m 08s | $33K | $5K | 10x |
Bybit SMICUSDT
Lighter SMICFunding 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: −0.188% → 0.000%
- −$18.81
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$23.09
- Costs to cover
- 0.110%
- Break-even
- 31.1 days
Slippage unknown: Bybit: live order book, 53 min ago; Lighter: no order-book sample. Net counts fees only.
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, 53 min ago | 17.85 bp | 212.9 bp −$213 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter no order-book sample | — | — | — | — | — |
Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
SMIC on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SMICUSDTlong | 0.0000% | 8h | 8.4000 | long leg | $136K | $59K | 20x | |
| Bitget SMICUSDT | 0.0000% | 8h | 8.3450 | −0.655% | $403K | $154K | 5x | as long as short |
| HTX SMIC-USDT | 0.0000% | 8h | 8.4000 | 0.000% | $13K | $341K | 20x | as long as short |
| Lighter SMICshort | +0.0032% | 1h | 8.3842 | −0.188% | $33K | $5K | 10x | |
| Gate SMIC_USDT | +0.0071% | 8h | 8.4430 | +0.512% | $175K | $26K | 20x | as long as short |
Bitget SMICUSDT
HTX SMIC-USDT
Gate SMIC_USDT