Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.002%
Price spread now: Lighter against Bybit−0.024%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$520.516% of the position
Funding, last 7 days+0.078%+$8 on $10k
+Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.024%, 7d avg +0.010%
=Together, before fees+0.120%+ Points / potential airdropLighter: Season 3 · farm board+$12 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 0.034% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit FILUSDT | 0.9988 | 0.0100 | pay 0.0100% / 8h | 4h 14m | $15.7M | $20.0M | 25x |
| Short | Lighter FIL | 0.9986 | 0.0096 | get 0.0012% / 1h | 14m 54s | $155K | $362K | 5x |
Bybit FILUSDT
Lighter FILFunding 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: −0.024% → +0.010%
- −$3.37
- Slippage, 4 orders
- −$40.64
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$55.85
- Costs to cover
- 0.516%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Lighter: live order book, 34 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, 4 min ago | 0.50 bp | 12.4 bp −$12 | 33.1 bp −$331 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 34 min ago | 6.79 bp | 11.7 bp −$12 | 23.9 bp −$239 | doesn't fit | doesn't fit |
FIL on 29 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 FIL_USDC-PERPETUAL | −0.0250% | 1h | 0.9996 | +0.080% | $172K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0208% | 1h | 0.9990 | +0.020% | $368K | $2.1M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0047% | 8h | 0.9988 | 0.000% | $18.5M | $104.9M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0006% | 8h | 0.9989 | +0.010% | $7.3M | $7.6M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9991 | +0.034% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9993 | +0.051% | $58K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.332% | $2K | $240K | 12x | as long as short |
| Kraken Futures PF_FILUSD | +0.0043% | 1h | 0.9997 | +0.086% | $1.4M | $2.3M | 50x | as long as short |
| Lighter FILshort | +0.0096% | 1h | 0.9986 | −0.024% | $155K | $362K | 5x | |
| Hyperliquid FIL | +0.0100% | 1h | 0.9993 | +0.048% | $8.5M | $9.5M | 5x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
Kraken Futures PF_FILUSD
Hyperliquid FILShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster FILUSDT | +0.0100% | 8h | 0.9992 | +0.037% | $513K | $606K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9987 | −0.009% | $57.4M | $183.3M | 75x | as long as short |
| Bybit FILUSDTlong | +0.0100% | 8h | 0.9988 | long leg | $15.7M | $20.0M | 25x | |
| Gate FIL_USDT | +0.0100% | 8h | 0.9987 | −0.010% | $8.4M | $16.7M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9985 | −0.030% | $242K | $104K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9986 | −0.020% | $11.2M | $20.3M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9988 | 0.000% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9986 | −0.023% | $450K | $264K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9975 | −0.126% | $45K | $297K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9979 | −0.087% | $291K | $984K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9980 | −0.080% | $30K | $181K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0001 | +0.133% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9990 | +0.020% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9988 | 0.000% | $481 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0002 | +0.140% | $626K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9980 | −0.080% | $1.2M | $2.5M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9985 | −0.026% | $708K | $3.3M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9986 | −0.020% | $2.7M | $666K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0574% / S −0.0237% | 1h | 0.9993 | +0.051% | $267K | — | 100x | as long as short |
Aster FILUSDT
Binance FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
BingX FIL-USDC
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
Extended FIL-USD
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]