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+0.227%7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Bybit is 0.227% dearer against Lighter than usual: you sell high and buy low (spread +0.227% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 24 days. 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 | Lighter SMIC | 8.2513 | 0.0032 | pay 0.0004% / 1h | 57m 53s | $32K | $419 | 10x |
| Short | Bybit SMICUSDT | 8.2700 | 0 | get 0.0000% / 8h | 6h 57m | $137K | $45K | 20x |
Lighter SMIC
Bybit SMICUSDTFunding 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: +0.227% → 0.000%
- $22.66
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $4.94
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Lighter: no order-book sample; Bybit: live order book, 17 min ago. 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 Lighter no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 17 min ago | 12.12 bp | 249.5 bp −$249 | doesn't fit | doesn't fit | doesn't fit |
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 SMICUSDTshort | 0.0000% | 8h | 8.2700 | +0.227% | $137K | $45K | 20x | |
| Gate SMIC_USDT | 0.0000% | 8h | 8.3290 | +0.942% | $172K | $25K | 20x | as long as short |
| Bitget SMICUSDT | 0.0000% | 8h | 8.2200 | −0.379% | $387K | $144K | 5x | as long as short |
| HTX SMIC-USDT | 0.0000% | 8h | 8.2630 | +0.142% | $12K | $340K | 20x | as long as short |
| Lighter SMIClong | +0.0032% | 1h | 8.2513 | long leg | $32K | $419 | 10x |
Gate SMIC_USDT
Bitget SMICUSDT
HTX SMIC-USDT