Funding you earn now, next payment 21:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.005%
Price spread now: Lighter against Bybit+0.131%7-day average +0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$500.503% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.131%, 7d avg +0.096%
=Together, before fees−0.083%+ Points / potential airdropLighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.034% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.096%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TIAUSDT | 0.4355 | 0.0100 | pay 0.0050% / 4h | 3h 30m | $9.5M | $12.8M | 50x |
| Short | Lighter TIA | 0.4361 | 0.0096 | get 0.0012% / 1h | 30m 56s | $123K | $351K | 10x |
Bybit TIAUSDT
Lighter TIAFunding 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
- −$0.84
- Price spread: +0.131% → +0.096%
- $3.45
- Slippage, 4 orders
- −$39.29
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$47.68
- Costs to cover
- 0.503%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Lighter: live order book, 13 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 Bybit live order book, 3 min ago | 1.15 bp | 9.9 bp −$10 | 25.3 bp −$253 | 152.9 bp −$15.3K | doesn't fit |
| Sell Lighter live order book, 13 min ago | 1.63 bp | 9.3 bp −$9 | 58.0 bp −$580 | 322.7 bp −$32.3K | doesn't fit |
TIA on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TIAUSD | −0.0390% | 1h | 0.4356 | +0.025% | $364K | $233K | 50x | as long as short |
| Backpack TIA_USDC_PERP | −0.0200% | 1h | 0.4356 | +0.025% | $100K | $158K | 10x | as long as short |
| Gate TIA_USDT | −0.0102% | 4h | 0.4353 | −0.046% | $987K | $1.8M | 75x | as long as short |
| ApeX Omni TIAUSDT | −0.0064% | 1h | 0.4338 | −0.390% | $49K | $235K | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4357 | +0.046% | $36K | $22K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4355 | 0.000% | $1K | — | 150x | as long as short |
| KuCoin TIAUSDTM | +0.0004% | 4h | 0.4353 | −0.046% | $4.2M | $8.8M | 50x | as long as short |
| OKX TIA-USDT-SWAP | +0.0058% | 4h | 0.4353 | −0.046% | $2.7M | $5.8M | 50x | as long as short |
| Lighter TIAshort | +0.0096% | 1h | 0.4361 | +0.131% | $123K | $351K | 10x | |
| Orderly PERP_TIA_USDC | +0.0099% | 4h | 0.4353 | −0.046% | $5K | $357K | 10x | as long as short |
Kraken Futures PF_TIAUSD
Backpack TIA_USDC_PERP
Gate TIA_USDT
ApeX Omni TIAUSDT
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
KuCoin TIAUSDTM
OKX TIA-USDT-SWAP
Orderly PERP_TIA_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TIA | +0.0100% | 1h | 0.4358 | +0.078% | $4.3M | $1.5M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4357 | +0.052% | $30K | $267K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4355 | +0.003% | $14.3M | $41.1M | 75x | as long as short |
| Bybit TIAUSDTlong | +0.0100% | 4h | 0.4355 | long leg | $9.5M | $12.8M | 50x | |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4356 | +0.023% | $9.3M | $5.6M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4355 | 0.000% | $4.5M | $3.6M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4352 | −0.069% | — | $6.5M | — | as long as short |
| Variational Omni TIA | +0.0100% | 4h | 0.4339 | −0.377% | $100K | $78K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4349 | −0.138% | $74K | $15K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4354 | −0.030% | $74K | $154K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4358 | +0.060% | $7K | — | 3x | as long as short |
| Injective TIA/USDC PERP | +0.0144% | 1h | 0.4357 | +0.046% | $27K | $10K | 12x | as long as short |
| Reya TIARUSDPERP | +0.0178% | 1h | 0.4351 | −0.091% | $6K | — | 15x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0256% | 1h | 0.4359 | +0.092% | $49K | $71K | 50x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4351 | −0.092% | $969K | $495K | 75x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0395% / S −0.2692% | 1h | 0.4355 | −0.007% | $28K | — | 100x | as long as short |
| dYdX TIA-USD | +0.0562% | 1h | 0.4354 | −0.027% | $52K | $59 | 10x | as long as short |
Hyperliquid TIA
Aster TIAUSDT
Binance TIAUSDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDC
Variational Omni TIA
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Injective TIA/USDC PERP
Reya TIARUSDPERP
Coinbase International TIA-PERP-INTX
BloFin TIA-USDT
GMX TIA/USD [ETH-USDC]
dYdX TIA-USD