Funding you earn now, next payment 08:00 UTC−0.0288%/8h= −31.5% APRpaid last 24h −0.047%
Price spread now: Bybit against Lighter−0.191%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−0.489%−$49 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
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.191% cheaper against Lighter than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TENCENT | 57.560 | 0.0288 | pay 0.0036% / 1h | 22m 35s | $61K | $9K | 10x |
| Short | Bybit TENCENTUSDT | 57.450 | 0 | get 0.0000% / 8h | 22m 35s | $251K | $235K | 25x |
Lighter TENCENT
Bybit TENCENTUSDTFunding 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
- −$60.48
- Price spread: −0.191% → 0.000%
- −$19.11
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$90.59
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; Bybit: live order book, 7 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, 7 min ago | 6.97 bp | 55.6 bp −$56 | 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.
TENCENT on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TENCENTUSDC | −0.0159% | 4h | 57.494 | −0.114% | $118K | $213K | 10x | as long as short |
| Aster TENCENTUSDT | 0.0000% | 8h | 57.500 | −0.105% | $44K | $12K | 20x | as long as short |
| Bybit TENCENTUSDTshort | 0.0000% | 8h | 57.450 | −0.191% | $251K | $235K | 25x | |
| Gate TENCENT_USDT | 0.0000% | 8h | 57.510 | −0.087% | $1.7M | $651K | 25x | as long as short |
| Bitget TENCENTUSDT | 0.0000% | 8h | 57.470 | −0.156% | $1.2M | $1.9M | 20x | as long as short |
| HTX TENCENT-USDT | 0.0000% | 4h | 57.670 | +0.191% | $10K | $45K | 10x | as long as short |
| Binance TENCENTUSDT | +0.0019% | 4h | 57.537 | −0.040% | $2.9M | $5.2M | 25x | as long as short |
| KuCoin TENCENTUSDTM | +0.0100% | 4h | 57.430 | −0.226% | $121K | $682K | 20x | as long as short |
| Lighter TENCENTlong | +0.0288% | 1h | 57.560 | long leg | $61K | $9K | 10x |
edgeX TENCENTUSDC
Aster TENCENTUSDT
Gate TENCENT_USDT
Bitget TENCENTUSDT
HTX TENCENT-USDT
Binance TENCENTUSDT
KuCoin TENCENTUSDTM