Funding you earn now, next payment 23:00 UTC−0.1460%/8h= −159.9% APRpaid last 24h −0.271%
Price spread now: Bybit against Lighter−0.421%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−0.946%−$95 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 −$44 a day on $10k at the current rate, and Bybit is 0.421% cheaper against Lighter than usual: you would sell low and buy high (−$42 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.946% in total (about -49.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter APEX | 0.2568 | 0.1560 | pay 0.0195% / 1h | 14m 02s | $54K | $21K | 5x |
| Short | Bybit APEXUSDT | 0.2557 | 0.0100 | get 0.0050% / 4h | 1h 14m | $3.6M | $1.3M | 25x |
Lighter APEX
Bybit APEXUSDTFunding 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
- −$306.6
- Price spread: −0.421% → 0.000%
- −$42.06
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$359.66
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; Bybit: live order book, 3 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, 3 min ago | 5.86 bp | 58.5 bp −$58 | 459.3 bp −$4,593 | 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.
APEX on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin APEX-USDT | +0.0062% | 4h | 0.2555 | −0.498% | $93K | $2K | 25x | as long as short |
| Bybit APEXUSDTshort | +0.0100% | 4h | 0.2557 | −0.421% | $3.6M | $1.3M | 25x | |
| MEXC APEX_USDT | +0.0100% | 4h | 0.2557 | −0.421% | $602K | $252K | 50x | as long as short |
| BingX APEX-USDT | +0.0100% | 4h | 0.2556 | −0.460% | — | $1.3M | — | as long as short |
| Variational Omni APEX | +0.0100% | 4h | 0.2557 | −0.433% | $19K | $6K | — | as long as short |
| ApeX Omni APEXUSDT | +0.0100% | 1h | 0.2557 | −0.421% | $136K | $470K | 50x | as long as short |
| Lighter APEXlong | +0.1560% | 1h | 0.2568 | long leg | $54K | $21K | 5x | |
| Hyperliquid APEX | +0.1909% | 1h | 0.2567 | −0.047% | $2.9M | $118K | 3x | as long as short |
BloFin APEX-USDT
MEXC APEX_USDT
BingX APEX-USDT
Variational Omni APEX
ApeX Omni APEXUSDT
Hyperliquid APEX