Funding you earn now, next payment 10:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.025%
Price spread now: Lighter against Bybit−0.009%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$300.298% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 7 days−0.130%−$13 · spread now −0.009%, 7d avg −0.079%
=Together, before fees−0.176%+ Points / potential airdropLighter: Season 3 · farm board−$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.070% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.079%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit COINUSDT | 197.92 | 0 | get 0.0000% / 8h | 6h 08m | $4.7M | $5.5M | 50x |
| Short | Lighter COIN | 197.90 | 0.0032 | get 0.0004% / 1h | 8m 48s | $346K | $2.0M | 10x |
Bybit COINUSDT
Lighter COINFunding 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
- $6.72
- Price spread: −0.009% → −0.079%
- $7.05
- Slippage, 4 orders
- −$18.84
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$16.08
- Costs to cover
- 0.298%
- Break-even
- 23.7 days
Slippage from Bybit: live order book, 2 min ago; Lighter: live order book, 6 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, 2 min ago | 2.53 bp | 14.3 bp −$14 | 27.3 bp −$273 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 0.61 bp | 2.0 bp −$2 | 3.8 bp −$38 | doesn't fit | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.52 | −0.202% | $17K | $224K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.91 | −0.006% | $345K | $868K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.91 | −0.006% | $105K | $856K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.98 | +0.032% | $14.6M | $76.3M | 20x | as long as short |
| Bybit COINUSDTlong | 0.0000% | 8h | 197.92 | long leg | $4.7M | $5.5M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.99 | +0.035% | $3.1M | $4.4M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.05 | +0.066% | $1.2M | $6.6M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 198.08 | +0.081% | $6.4M | $9.8M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.95 | +0.015% | $768K | $921K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.97 | +0.026% | $18K | $3.2M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter COINshort | +0.0032% | 1h | 197.90 | −0.009% | $346K | $2.0M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 197.93 | +0.005% | $481K | $1.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0036% | 1h | 197.93 | +0.005% | $1.3M | $2.6M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.93 | +0.005% | $17K | $28K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 197.77 | −0.076% | — | $293K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.83 | −0.045% | $14.8M | $11.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.83 | −0.045% | $136K | $1.3M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.95 | +0.015% | $98 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.70 | −0.111% | $342K | $2.1M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.86 | −0.030% | $933K | $235K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.91 | −0.005% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.90 | −0.010% | $572 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.92 | −0.001% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 198.03 | +0.056% | $193K | $489K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 197.93 | +0.005% | $5K | $257K | 10x | as long as short |
| edgeX COINUSDC | +0.0975% | 4h | 197.95 | +0.016% | $51K | $293K | 10x | as long as short |
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC