Funding you earn now, next payment 07:00 UTC−0.1676%/8h= −183.5% APRpaid last 24h −0.350%
Price spread now: Bybit against Lighter−0.376%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.065%−$106 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$50 a day on $10k at the current rate, and Bybit is 0.376% cheaper against Lighter than usual: you would sell low and buy high (−$38 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.065% in total (about -55.5% 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 APEX | 0.2610 | 0.1776 | pay 0.0222% / 1h | 57m 14s | $59K | $24K | 5x |
| Short | Bybit APEXUSDT | 0.2600 | 0.0100 | get 0.0050% / 4h | 1h 57m | $3.6M | $1.3M | 25x |
Lighter APEX
Bybit APEXUSDTFunding 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
- −$351.96
- Price spread: −0.376% → 0.000%
- −$37.55
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$400.51
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; Bybit: live order book, 5 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 5 min ago | 9.61 bp | 54.0 bp −$54 | 379.2 bp −$3,792 | doesn't fit | doesn't fit |
Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
APEX on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit APEXUSDTshort | +0.0100% | 4h | 0.2600 | −0.376% | $3.6M | $1.3M | 25x | |
| MEXC APEX_USDT | +0.0100% | 4h | 0.2603 | −0.261% | $600K | $242K | 50x | as long as short |
| BingX APEX-USDT | +0.0100% | 4h | 0.2601 | −0.337% | — | $1.3M | — | as long as short |
| Variational Omni APEX | +0.0100% | 4h | 0.2602 | −0.317% | $19K | $5K | — | as long as short |
| ApeX Omni APEXUSDT | +0.0100% | 1h | 0.2593 | −0.644% | $138K | $373K | 50x | as long as short |
| BloFin APEX-USDT | +0.0104% | 4h | 0.2603 | −0.261% | $94K | $3K | 25x | as long as short |
| Hyperliquid APEX | +0.0503% | 1h | 0.2607 | −0.092% | $2.9M | $110K | 3x | as long as short |
| Lighter APEXlong | +0.1776% | 1h | 0.2610 | long leg | $59K | $24K | 5x |
MEXC APEX_USDT
BingX APEX-USDT
Variational Omni APEX
ApeX Omni APEXUSDT
BloFin APEX-USDT
Hyperliquid APEX