Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.034%
Price spread now: Bybit against Lighter−0.004%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$350.345% of the position
Funding, last 7 days−0.411%−$41 on $10k
+Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.004%, 7d avg −0.035%
=Together, before fees−0.471%+ Points / potential airdropLighter: Season 3 · farm board−$47 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.030% dearer against Lighter than usual: you sell high and buy low (spread −0.004% now, against its 7-day average of −0.035%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.2 days. At the pace of the last 7 days (−0.411% in total) that is about 12 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter LITE | 960.21 | 0.0032 | pay 0.0004% / 1h | 18m 39s | $27K | $101K | 10x |
| Short | Bybit LITEUSDT | 960.17 | 0 | get 0.0000% / 8h | 6h 18m | $1.9M | $1.6M | 25x |
Lighter LITE
Bybit LITEUSDTFunding 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: −0.004% → −0.035%
- $3.04
- Slippage, 4 orders
- −$23.52
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$38.19
- Costs to cover
- 0.345%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 31 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, 31 min ago | 1.09 bp | 2.1 bp −$2 | 5.1 bp −$51 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.97 bp | 14.7 bp −$15 | 84.8 bp −$848 | doesn't fit | doesn't fit |
LITE on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LITE-PERP-INTX | −0.0232% | 1h | 965.50 | +0.551% | $111K | $195K | 10x | as long as short |
| Aster LITEUSDT | 0.0000% | 8h | 960.60 | +0.041% | $108K | $17K | 20x | as long as short |
| Bybit LITEUSDTshort | 0.0000% | 8h | 960.17 | −0.004% | $1.9M | $1.6M | 25x | |
| OKX LITE-USDT-SWAP | 0.0000% | 8h | 960.30 | +0.009% | $3.8M | $17.7M | 25x | as long as short |
| Gate LITE_USDT | 0.0000% | 8h | 960.09 | −0.012% | $8.0M | $6.0M | 50x | as long as short |
| Bitget LITEUSDT | 0.0000% | 8h | 960.15 | −0.006% | $2.8M | $2.8M | 20x | as long as short |
| GRVT LITE_USDT_Perp | 0.0000% | 8h | 960.28 | +0.007% | $893 | $192K | 10x | as long as short |
| SunX LITE-USDT | 0.0000% | 8h | 959.80 | −0.043% | $734 | $3.9M | 10x | as long as short |
| Deribit LITE_USDC-PERPETUAL | 0.0000% | 1h | 959.18 | −0.107% | $19K | $37K | 10x | as long as short |
| HTX LITE-USDT | 0.0000% | 8h | 959.57 | −0.067% | $7K | $32K | 20x | as long as short |
Coinbase International LITE-PERP-INTX
Aster LITEUSDT
OKX LITE-USDT-SWAP
Gate LITE_USDT
Bitget LITEUSDT
GRVT LITE_USDT_Perp
SunX LITE-USDT
Deribit LITE_USDC-PERPETUAL
HTX LITE-USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex LITEUSDT | 0.0000% | 8h | 959.81 | −0.042% | $1.5M | $683K | 10x | as long as short |
| QFEX LITE-USD | +0.0028% | 1h | 959.24 | −0.101% | $1.1M | $5.0M | 10x | as long as short |
| Lighter LITElong | +0.0032% | 1h | 960.21 | long leg | $27K | $101K | 10x | |
| Vest LITE-USD-PERP | +0.0046% | 1h | 959.19 | −0.106% | — | $3K | 10x | as long as short |
| Polymarket Perps LITE-USD | +0.0050% | 1h | 959.43 | −0.081% | $75K | $228K | 10x | as long as short |
| Ondo Perps LITE-USD.P | +0.0050% | 1h | 959.39 | −0.085% | $168K | $165K | 10x | as long as short |
| SoDEX LITE-USD | +0.0067% | 1h | 959.21 | −0.104% | $23K | $10K | 10x | as long as short |
| KuCoin LITEUSDTM | +0.0100% | 8h | 960.11 | −0.010% | $519K | $39K | 20x | as long as short |
| ApeX Omni LITEUSDT | +0.0100% | 1h | 959.95 | −0.027% | $16K | $265K | 50x | as long as short |
| Orderly PERP_LITE_USDC_mythos | +0.0100% | 8h | 959.42 | −0.082% | $933 | $3K | 10x | as long as short |
| Aevo LITE-PERP | +0.0104% | 1h | 959.13 | −0.113% | — | — | 10x | as long as short |
| Variational Omni LITE | +0.0164% | 8h | 960.26 | +0.005% | $266K | $147K | — | as long as short |
| tradeXYZ xyz:LITE | +0.0175% | 1h | 960.43 | +0.023% | $7.2M | $5.2M | 10x | as long as short |
| Binance LITEUSDT | +0.0278% | 8h | 960.22 | +0.001% | $13.7M | $44.0M | 25x | as long as short |
| Extended LITE-USD | +0.0280% | 1h | 959.25 | −0.100% | $10K | $201K | 10x | as long as short |
| edgeX LITEUSDC | +0.0332% | 4h | 960.36 | +0.015% | $70K | $455K | 10x | as long as short |
Phemex LITEUSDT
QFEX LITE-USD
Vest LITE-USD-PERP
Polymarket Perps LITE-USD
Ondo Perps LITE-USD.P
SoDEX LITE-USD
KuCoin LITEUSDTM
ApeX Omni LITEUSDT
Orderly PERP_LITE_USDC_mythos
Aevo LITE-PERP
Variational Omni LITE
tradeXYZ xyz:LITE
Binance LITEUSDT
Extended LITE-USD
edgeX LITEUSDC