Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.018%
Price spread now: Lighter against Bybit+0.015%7-day average +0.103% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1181.181% of the position
Funding, last 7 days+0.156%+$16 on $10k
+Price spread, last 7 days−0.016%−$2 · spread now +0.015%, 7d avg +0.103%
=Together, before fees+0.140%+ Points / potential airdropLighter: Season 3 · farm board+$14 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.087% cheaper against Bybit than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.103%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ETHFIUSDT | 0.7124 | 0.0100 | pay 0.0050% / 4h | 2h 08m | $18.2M | $12.8M | 25x |
| Short | Lighter ETHFI | 0.7125 | 0.0096 | get 0.0012% / 1h | 8m 10s | $1.1M | $909K | 5x |
Bybit ETHFIUSDT
Lighter ETHFIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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
- −$0.84
- Price spread: +0.015% → +0.103%
- −$8.74
- Slippage, 4 orders
- −$107.14
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$127.72
- Costs to cover
- 1.181%
- Break-even
- never at this rate
Slippage from Bybit: live order book, just now; Lighter: live order book, 8 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 Bybit live order book, just now | 1.40 bp | 21.3 bp −$21 | 65.3 bp −$653 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 min ago | 6.91 bp | 41.6 bp −$42 | 120.6 bp −$1,206 | doesn't fit | doesn't fit |
ETHFI on 24 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 ETHFI_USDC-PERPETUAL | −0.0872% | 1h | 0.7124 | 0.000% | $42K | $18K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0263% | 4h | 0.7118 | −0.084% | $83K | $165K | 20x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0214% | 1h | 0.7122 | −0.028% | $280K | $145K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0172% | 4h | 0.7120 | −0.056% | $16K | $1K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.628% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0037% | 8h | 0.7120 | −0.059% | $6K | — | 5x | as long as short |
| Bitget ETHFIUSDT | +0.0040% | 4h | 0.7122 | −0.028% | $6.1M | $5.6M | 75x | as long as short |
| Extended ETHFI-USD | +0.0080% | 1h | 0.7117 | −0.096% | $92K | $495K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0083% | 4h | 0.7118 | −0.090% | $24.7M | $37.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0086% | 4h | 0.7119 | −0.070% | $15.1M | $3.9M | 125x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Bitget ETHFIUSDT
Extended ETHFI-USD
Binance ETHFIUSDT
MEXC ETHFI_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFIshort | +0.0096% | 1h | 0.7125 | +0.015% | $1.1M | $909K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7129 | +0.073% | $18.1M | $8.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7130 | +0.084% | $182K | $256K | 10x | as long as short |
| Bybit ETHFIUSDTlong | +0.0100% | 4h | 0.7124 | long leg | $18.2M | $12.8M | 25x | |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7124 | 0.000% | $4.9M | $12.4M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7121 | −0.042% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7129 | +0.070% | $1.2M | $270K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7125 | +0.014% | — | $25.9M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7143 | +0.271% | $1.0M | $729K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7126 | +0.034% | $60K | $85K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7126 | +0.028% | $2K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7120 | −0.056% | $8K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0152% | 1h | 0.7165 | +0.576% | $31K | $9K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0326% | 4h | 0.7128 | +0.056% | $1.3M | $293K | 75x | as long as short |
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT