Funding arb · Price arb /

FARTCOIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0469%/8h= −51.3% APRpaid last 24h +0.019%

Price spread now: Bybit against Lighter−0.217%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$480.485% of the position

Long on Lighter Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$11 on $10k

Price spread, last 4 days (all we have)+0.171%+$17 · spread now −0.217%, 7d avg −0.052%

Together, before fees+0.056%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Bybit is 0.164% cheaper against Lighter than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.052%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.115% in total (about -6.0% 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 FARTCOIN	0.1985	0.1040	pay 0.0130% / 1h	3m 31s	$804K	$1.1M	10x
Short	Bybit FARTCOINUSDT	0.1981	0.0571	get 0.0286% / 4h	3h 03m	$30.8M	$51.6M	50x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee BybitbpOrdersPrice spread, now −0.217%Rate

Funding earned: −$98.46
Price spread: −0.217% → −0.052%: −$16.42
Slippage, 4 orders: −$37.46
Fee Lighter: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$163.34
Costs to cover: 0.485%
Break-even: never at this rate

Slippage from Lighter: live order book, 2 min ago; Bybit: live order book, 5 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, 2 min ago	3.77 bp	10.2 bp −$10	35.9 bp −$359	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.50 bp	12.4 bp −$12	31.4 bp −$314	doesn't fit	doesn't fit

FARTCOIN on 36 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
gTrade (Gains Network) FARTCOIN/USD	L +0.0005% / S 0.0000%	1h	0.1989	+0.176%	$14K	—	150x	as long as short
Injective FARTCOIN/USDC PERP	+0.0033%	1h	0.1984	−0.055%	$1K	$2K	5.5x	as long as short
Gate FARTCOIN_USDT	+0.0100%	4h	0.1979	−0.307%	$11.2M	$8.2M	75x	as long as short
SunX FARTCOIN-USDT	+0.0100%	4h	0.1993	+0.383%	$2K	$1.7M	20x	as long as short
SoDEX FARTCOIN-USD	+0.0100%	1h	0.1990	+0.247%	$159K	$7K	10x	as long as short
HTX FARTCOIN-USDT	+0.0100%	4h	0.1993	+0.413%	$69K	$151K	20x	as long as short
OKX FARTCOIN-USDT-SWAP	+0.0127%	4h	0.1982	−0.156%	$4.7M	$14.3M	20x	as long as short
Bulk FARTCOIN-USD	+0.0148%	1h	0.2000	+0.725%	$79K	$2K	10x	as long as short
Aevo FARTCOIN-PERP	+0.0152%	1h	0.1990	+0.247%	$32K	—	3x	as long as short
Aster FARTCOINUSDT	+0.0238%	4h	0.1986	+0.069%	$84K	$199K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps FARTCOIN-USD	+0.0241%	1h	0.1992	+0.327%	$113K	$881K	10x	as long as short
KuCoin FARTCOINUSDTM	+0.0258%	4h	0.1981	−0.207%	$10.3M	$15.6M	50x	as long as short
Pacifica FARTCOIN	+0.0281%	1h	0.1983	−0.110%	$195K	$422K	10x	as long as short
Binance FARTCOINUSDT	+0.0299%	4h	0.1980	−0.242%	$19.1M	$75.8M	75x	as long as short
GRVT FARTCOIN_USDT_Perp	+0.0342%	4h	0.1988	+0.159%	$257K	$4.2M	10x	as long as short
Bitget FARTCOINUSDT	+0.0388%	4h	0.1980	−0.257%	$14.2M	$16.9M	50x	as long as short
Reya FARTCOINRUSDPERP	+0.0411%	1h	0.1992	+0.370%	$0	—	5x	as long as short
Backpack FARTCOIN_USDC_PERP	+0.0461%	1h	0.1987	+0.116%	$84K	$264K	10x	as long as short
GMX FARTCOIN/USD [WBTC.b-USDC]	L +0.0480% / S −0.1118%	1h	0.1990	+0.222%	$73K	—	100x	as long as short
Deribit FARTCOIN_USDC-PERPETUAL	+0.0504%	1h	0.1990	+0.257%	$126K	$95K	25x	as long as short
ApeX Omni FARTCOINUSDT	+0.0508%	1h	0.1987	+0.096%	$27K	$214K	50x	as long as short
BloFin FARTCOIN-USDT	+0.0545%	4h	0.1985	−0.005%	$975K	$1.9M	75x	as long as short
Variational Omni FARTCOIN	+0.0564%	4h	0.1990	+0.271%	$889K	$2.6M	—	as long as short
Bybit FARTCOINUSDTshort	+0.0571%	4h	0.1981	−0.217%	$30.8M	$51.6M	50x
Extended FARTCOIN-USD	+0.0608%	1h	0.1980	−0.254%	$222K	$2.2M	25x	as long as short
Phoenix FARTCOIN	+0.0614%	1h	0.2007	+1.113%	$158K	$220K	10x	as long as short
MEXC FARTCOIN_USDT	+0.0628%	4h	0.1980	−0.257%	$33.1M	$14.5M	100x	as long as short
BingX FARTCOIN-USDT	+0.0648%	4h	0.1981	−0.207%	—	$14.3M	—	as long as short
Nado FARTCOIN-PERP	+0.0677%	1h	0.1983	−0.106%	$802K	$705K	10x	as long as short
Orderly PERP_FARTCOIN_USDC	+0.0719%	4h	0.1992	+0.348%	$25K	$3K	20x	as long as short
01 Exchange FARTCOINUSD	+0.0744%	1h	0.1983	−0.126%	$402	$381	10x	as long as short
Arcus FARTCOIN-USD	+0.0763%	1h	0.1983	−0.106%	$14K	$111K	10x	as long as short
Kraken Futures PF_FARTCOINUSD	+0.0823%	1h	0.1989	+0.201%	$794K	$1.9M	50x	as long as short
Hyperliquid FARTCOIN	+0.0850%	1h	0.1984	−0.055%	$44.4M	$26.4M	10x	as long as short
Lighter FARTCOINlong	+0.1040%	1h	0.1985	long leg	$804K	$1.1M	10x
Coinbase International FARTCOIN-PERP-INTX	+0.1048%	1h	0.1995	+0.514%	$992K	$7.5M	50x	as long as short