Funding you earn now, next payment 11:00 UTC−0.0377%/8h= −41.3% APRpaid last 24h −0.021%
Price spread now: Bybit against Lighter−0.237%7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1241.239% of the position
Funding, last 7 days−0.082%−$8 on $10k
+Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.237%, 7d avg −0.089%
=Together, before fees+0.030%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bybit is 0.147% cheaper against Lighter than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.089%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.082% in total (about -4.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SKY | 0.06754 | 0.0096 | pay 0.0012% / 1h | 53m 36s | $178K | $101K | 10x |
| Short | Bybit SKYUSDT | 0.06738 | −0.0281 | pay 0.0140% / 4h | 1h 53m | $7.0M | $3.2M | 25x |
Lighter SKY
Bybit SKYUSDTFunding 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
- −$79.14
- Price spread: −0.237% → −0.089%
- −$14.75
- Slippage, 4 orders
- −$112.91
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$217.8
- Costs to cover
- 1.239%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 52 min ago; Bybit: live order book, 2 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, 52 min ago | 11.28 bp | 14.3 bp −$14 | 108.7 bp −$1,087 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.22 bp | 37.0 bp −$37 | 327.2 bp −$3,272 | doesn't fit | doesn't fit |
SKY on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKY | −0.0369% | 4h | 0.06744 | −0.144% | $180K | $83K | — | as long as short |
| Bybit SKYUSDTshort | −0.0281% | 4h | 0.06738 | −0.237% | $7.0M | $3.2M | 25x | |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.06893 | +2.058% | $376 | $303K | 12x | as long as short |
| BloFin SKY-USDT | +0.0048% | 4h | 0.06750 | −0.059% | $573K | $32K | 75x | as long as short |
| Lighter SKYlong | +0.0096% | 1h | 0.06754 | long leg | $178K | $101K | 10x | |
| Nado SKY-PERP | +0.0100% | 1h | 0.06751 | −0.044% | $68K | $35K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06758 | +0.058% | $42K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06754 | −0.004% | $15.0M | $10.6M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06751 | −0.044% | $788K | $1.0M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06755 | +0.015% | $572K | $259K | 50x | as long as short |
Variational Omni SKY
Injective SKY/USDC PERP
BloFin SKY-USDT
Nado SKY-PERP
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDTShow all 18 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKY_USDT | +0.0100% | 4h | 0.06754 | 0.000% | $992K | $248K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06758 | +0.059% | $399K | $274K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06753 | −0.015% | $2.8M | $1.3M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06748 | −0.089% | — | $2.5M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06757 | +0.044% | $34K | $648K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06751 | −0.040% | $1K | $4K | 10x | as long as short |
| Hyperliquid SKY | +0.0194% | 1h | 0.06764 | +0.151% | $2.8M | $785K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0516% / S −0.0249% | 1h | 0.06750 | −0.065% | $80K | — | 50x | as long as short |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]