Funding you earn now, next payment 00:00 UTC−0.1716%/8h= −187.9% APRpaid last 24h −0.185%
Price spread now: Bybit against Lighter−0.137%7-day average −0.192% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$450.450% of the position
Funding, last 7 days−0.836%−$84 on $10k
+Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.137%, 7d avg −0.192%
=Together, before fees−0.772%+ Points / potential airdropLighter: Season 3 · farm board−$77 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.055% dearer against Lighter than usual: you sell high and buy low (spread −0.137% now, against its 7-day average of −0.192%): +$6 on $10k if it goes back. Holding the pair costs −$51 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.836% in total) that is about 11 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.836% in total (about -43.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AERO | 0.7030 | 0.1816 | pay 0.0227% / 1h | 22m 33s | $1.3M | $461K | 3x |
| Short | Bybit AEROUSDT | 0.7020 | 0.0100 | get 0.0050% / 4h | 22m 33s | $22.7M | $21.8M | 25x |
Lighter AERO
Bybit AEROUSDTFunding 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
- −$360.36
- Price spread: −0.137% → −0.192%
- $5.53
- Slippage, 4 orders
- −$34.03
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$399.86
- Costs to cover
- 0.450%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; Bybit: live order book, 1 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, 4 min ago | 4.56 bp | 11.5 bp −$11 | 120.2 bp −$1,202 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.43 bp | 12.2 bp −$12 | 28.9 bp −$289 | 215.1 bp −$21.5K | doesn't fit |
AERO on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit AERO_USDC-PERPETUAL | 0.0000% | 1h | 0.7007 | −0.321% | $56K | $11K | 10x | as long as short |
| Injective AERO/USDC PERP | +0.0033% | 1h | 0.6902 | −1.815% | $4 | $209K | 5.5x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.7015 | −0.211% | $41K | $114K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.7016 | −0.197% | $26.4M | $26.6M | 75x | as long as short |
| Bybit AEROUSDTshort | +0.0100% | 4h | 0.7020 | −0.137% | $22.7M | $21.8M | 25x | |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.7022 | −0.108% | $2.3M | $7.1M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.7005 | −0.350% | $1.6M | $537K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.7010 | −0.279% | $8.4M | $1.7M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.7008 | −0.307% | $2.2M | $940K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.7012 | −0.250% | $4.1M | $2.2M | 75x | as long as short |
Deribit AERO_USDC-PERPETUAL
Injective AERO/USDC PERP
Aster AEROUSDT
Binance AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTM
Bitget AEROUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX AERO-USDT | +0.0100% | 4h | 0.7010 | −0.279% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.7019 | −0.155% | $2.1M | $1.8M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.7016 | −0.192% | $217K | $1.3M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.7006 | −0.332% | $47K | — | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.7013 | −0.234% | $20K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6989 | −0.578% | $941K | $726K | 25x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0512% / S −0.0250% | 1h | 0.7005 | −0.354% | $90K | — | 100x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.0520% | 1h | 0.6700 | −4.689% | $89K | $32K | 25x | as long as short |
| RISEx AERO/USDC | +0.0563% | 1h | 0.7023 | −0.090% | $213K | $405K | 3x | as long as short |
| Hyperliquid AERO | +0.0609% | 1h | 0.7019 | −0.149% | $23.6M | $5.4M | 3x | as long as short |
| 01 Exchange AEROUSD | +0.0648% | 1h | 0.7027 | −0.033% | $190 | $111 | 3x | as long as short |
| Backpack AERO_USDC_PERP | +0.0951% | 1h | 0.7016 | −0.193% | $104K | $317K | 15x | as long as short |
| Lighter AEROlong | +0.1816% | 1h | 0.7030 | long leg | $1.3M | $461K | 3x |
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Reya AERORUSDPERP
BloFin AERO-USDT
GMX AERO/USD [ETH-USDC]
Coinbase International AERO-PERP-INTX
RISEx AERO/USDC
Hyperliquid AERO
01 Exchange AEROUSD
Backpack AERO_USDC_PERP