Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.008%
Price spread now: Bybit against Lighter+0.085%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$290.286% of the position
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 4 days (all we have)+0.039%+$4 · spread now +0.085%, 7d avg +0.080%
=Together, before fees+0.069%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.080%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter EWY | 188.84 | 0.0032 | pay 0.0004% / 1h | 45m 06s | $383K | $40K | 20x |
| Short | Bybit EWYUSDT | 189.00 | 0 | get 0.0000% / 8h | 2h 45m | $5.1M | $4.4M | 100x |
Lighter EWY
Bybit EWYUSDTFunding 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
- −$6.72
- Price spread: +0.085% → +0.080%
- $0.48
- Slippage, 4 orders
- −$17.57
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$34.81
- Costs to cover
- 0.286%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 60 min ago; Bybit: live order book, 3 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, 60 min ago | 2.64 bp | 4.8 bp −$5 | 16.3 bp −$163 | 48.1 bp −$4,814 | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.79 bp | 7.8 bp −$8 | 13.8 bp −$138 | doesn't fit | doesn't fit |
EWY on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff EWY-PERP | −0.0064% | 1h | 188.91 | +0.037% | $28K | $12K | 20x | as long as short |
| Aster EWYUSDT | 0.0000% | 8h | 188.95 | +0.061% | $293K | $12K | 20x | as long as short |
| Extended EWY_24_5-USD | 0.0000% | 1h | 188.96 | +0.063% | $299K | $425K | 10x | as long as short |
| Binance EWYUSDT | 0.0000% | 8h | 188.93 | +0.048% | $27.5M | $78.1M | 50x | as long as short |
| Bybit EWYUSDTshort | 0.0000% | 8h | 189.00 | +0.085% | $5.1M | $4.4M | 100x | |
| OKX EWY-USDT-SWAP | 0.0000% | 8h | 188.90 | +0.032% | $4.2M | $4.1M | 50x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 189.01 | +0.090% | $4.1M | $4.0M | 50x | as long as short |
| MEXC EWY_USDT | 0.0000% | 8h | 188.95 | +0.058% | $6.2M | $3.8M | 100x | as long as short |
| Bitget EWYUSDT | 0.0000% | 8h | 188.95 | +0.058% | $2.7M | $2.3M | 20x | as long as short |
| Variational Omni EWY | 0.0000% | 8h | 188.94 | +0.054% | $1.2M | $1.1M | — | as long as short |
Hotstuff EWY-PERP
Aster EWYUSDT
Extended EWY_24_5-USD
Binance EWYUSDT
OKX EWY-USDT-SWAP
Gate EWY_USDT
MEXC EWY_USDT
Bitget EWYUSDT
Variational Omni EWYShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT EWY_USDT_Perp | 0.0000% | 8h | 188.86 | +0.013% | $747K | $412K | 10x | as long as short |
| SunX EWY-USDT | 0.0000% | 8h | 188.90 | +0.032% | — | $2.5M | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | 0.0000% | 1h | 188.96 | +0.064% | $2K | $14K | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 189.14 | +0.159% | $22K | $35K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 188.95 | +0.058% | $1.7M | $37K | 10x | as long as short |
| BloFin EWY-USDT | +0.0016% | 8h | 188.96 | +0.064% | $48K | $215K | 50x | as long as short |
| Lighter EWYlong | +0.0032% | 1h | 188.84 | long leg | $383K | $40K | 20x | |
| Coinbase International EWY-PERP-INTX | +0.0040% | 1h | 188.40 | −0.233% | $524K | $285K | 20x | as long as short |
| Vest EWY-USD-PERP | +0.0046% | 1h | 188.90 | +0.032% | — | $220K | 25x | as long as short |
| Popdex EWYUSDT | +0.0048% | 1h | 189.04 | +0.106% | $197K | $148K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 188.81 | −0.016% | $6.2M | $14.3M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 188.88 | +0.021% | $65K | $81K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 188.80 | −0.021% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 188.91 | +0.037% | $733 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 188.75 | −0.048% | $204K | $306K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0052% | 8h | 189.03 | +0.101% | $23 | — | 5x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 188.85 | +0.005% | $973K | $609K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 188.81 | −0.016% | $13K | $265K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 188.98 | +0.074% | $2K | $1K | 20x | as long as short |
| edgeX EWYUSDC | +0.0717% | 4h | 188.90 | +0.029% | $423K | $285K | 20x | as long as short |
GRVT EWY_USDT_Perp
SunX EWY-USDT
Deribit EWY_USDC-PERPETUAL
HTX EWY-USDT
Phemex EWYUSDT
BloFin EWY-USDT
Coinbase International EWY-PERP-INTX
Vest EWY-USD-PERP
Popdex EWYUSDT
tradeXYZ xyz:EWY
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
edgeX EWYUSDC