Funding you earn now, next payment 00:00 UTC−0.1340%/8h= −146.7% APRpaid last 24h −0.180%
Price spread now: Bybit against Lighter−0.397%7-day average −0.222% · you buy dearer than you sell
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1051.048% of the position
Funding, last 7 days−0.528%−$53 on $10k
+Price spread, last 4 days (all we have)+0.133%+$13 · spread now −0.397%, 7d avg −0.222%
=Together, before fees−0.395%+ Points / potential airdropLighter: Season 3 · farm board−$40 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$40 a day on $10k at the current rate, and Bybit is 0.175% cheaper against Lighter than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.222%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.528% in total (about -27.6% 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 CC | 0.1183 | 0.1440 | pay 0.0180% / 1h | 50m 13s | $237K | $153K | 5x |
| Short | Bybit CCUSDT | 0.1178 | 0.0100 | get 0.0050% / 4h | 50m 13s | $10.6M | $3.7M | 25x |
Lighter CC
Bybit CCUSDTFunding 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
- −$281.4
- Price spread: −0.397% → −0.222%
- −$17.51
- Slippage, 4 orders
- −$93.78
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$403.69
- Costs to cover
- 1.048%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 10 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, 10 min ago | 8.13 bp | 35.3 bp −$35 | 361.2 bp −$3,612 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.82 bp | 28.9 bp −$29 | 290.6 bp −$2,906 | doesn't fit | doesn't fit |
CC on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CC/USDC PERP | −0.3320% | 1h | 0.1156 | −2.291% | $6K | $97 | 5.5x | as long as short |
| Paradex CC-USD-PERP | +0.0096% | 8h | 0.1178 | −0.408% | $1K | — | 5x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1178 | −0.420% | $35K | $39K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1178 | −0.400% | $11.1M | $11.1M | 75x | as long as short |
| Bybit CCUSDTshort | +0.0100% | 4h | 0.1178 | −0.397% | $10.6M | $3.7M | 25x | |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1179 | −0.313% | $2.6M | $3.5M | 20x | as long as short |
| Gate CC_USDT | +0.0100% | 4h | 0.1177 | −0.532% | $365K | $213K | 50x | as long as short |
| MEXC CC_USDT | +0.0100% | 4h | 0.1178 | −0.406% | $1.6M | $313K | 100x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1179 | −0.313% | $499K | $115K | 50x | as long as short |
| Bitget CCUSDT | +0.0100% | 4h | 0.1179 | −0.338% | $940K | $787K | 20x | as long as short |
Injective CC/USDC PERP
Paradex CC-USD-PERP
Aster CCUSDT
Binance CCUSDT
OKX CC-USDT-SWAP
Gate CC_USDT
MEXC CC_USDT
KuCoin CCUSDTM
Bitget CCUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CC-USDT | +0.0100% | 4h | 0.1179 | −0.321% | — | $6.6M | — | as long as short |
| Variational Omni CC | +0.0100% | 4h | 0.1177 | −0.524% | $587K | $43K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1176 | −0.575% | $86K | $2.3M | 10x | as long as short |
| Derive CC-PERP | +0.0100% | 1h | 0.1177 | −0.488% | $6K | $36K | 6.7x | as long as short |
| BloFin CC-USDT | +0.0340% | 4h | 0.1177 | −0.524% | $584K | $107K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0447% / S −0.0240% | 1h | 0.1179 | −0.379% | $44K | — | 50x | as long as short |
| Backpack CC_USDC_PERP | +0.0452% | 1h | 0.1179 | −0.355% | $15K | $22K | 10x | as long as short |
| Hyperliquid CC | +0.0857% | 1h | 0.1182 | −0.127% | $5.5M | $1.3M | 3x | as long as short |
| Lighter CClong | +0.1440% | 1h | 0.1183 | long leg | $237K | $153K | 5x |
BingX CC-USDT
Variational Omni CC
GRVT CC_USDT_Perp
Derive CC-PERP
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]
Backpack CC_USDC_PERP
Hyperliquid CC