Funding you earn now, next payment 22:00 UTC+0.0281%/8h= +30.7% APRpaid last 24h +0.008%
Price spread now: Bybit against Lighter+0.078%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$450.447% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.078%, 7d avg −0.015%
=Together, before fees−0.188%+ Points / potential airdropLighter: Season 3 · farm board−$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bybit is 0.093% dearer against Lighter than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.015%. Mind the row above: over the last 7 days funding on this pair cost −0.092%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.092% in total (about -4.8% 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 FIL | 0.9769 | −0.0312 | get 0.0039% / 1h | 4m 39s | $156K | $337K | 5x |
| Short | Bybit FILUSDT | 0.9777 | −0.0031 | pay 0.0031% / 8h | 2h 04m | $15.4M | $17.9M | 25x |
Lighter FIL
Bybit FILUSDTFunding 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
- $58.97
- Price spread: +0.078% → −0.015%
- $9.25
- Slippage, 4 orders
- −$33.72
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $23.5
- Costs to cover
- 0.447%
- Break-even
- 4.2 days
Slippage from Lighter: live order book, 10 min ago; Bybit: live order book, 4 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 | 5.13 bp | 6.3 bp −$6 | 22.4 bp −$224 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.51 bp | 15.9 bp −$16 | 40.9 bp −$409 | 117.7 bp −$11.8K | 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 | −0.1485% | 1h | 0.9783 | +0.139% | $168K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0626% | 1h | 0.9780 | +0.110% | $1.4M | $2.2M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9856 | +0.886% | $315K | $1.9M | 50x | as long as short |
| Lighter FILlong | −0.0312% | 1h | 0.9769 | long leg | $156K | $337K | 5x | |
| Bybit FILUSDTshort | −0.0031% | 8h | 0.9777 | +0.078% | $15.4M | $17.9M | 25x | |
| Bitget FILUSDT | −0.0030% | 8h | 0.9773 | +0.037% | $10.7M | $21.4M | 75x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9781 | +0.118% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9784 | +0.149% | $57K | $2K | 10x | as long as short |
| OKX FIL-USDT-SWAP | +0.0018% | 8h | 0.9774 | +0.047% | $18.0M | $95.4M | 50x | as long as short |
| KuCoin FILUSDTM | +0.0022% | 8h | 0.9777 | +0.078% | $7.3M | $7.0M | 50x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Bitget FILUSDT
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
OKX FIL-USDT-SWAP
KuCoin FILUSDTMShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9850 | +0.825% | $2K | $182K | 12x | as long as short |
| Variational Omni FIL | +0.0049% | 8h | 0.9790 | +0.211% | $435K | $276K | — | as long as short |
| MEXC FIL_USDC | +0.0083% | 8h | 0.9770 | +0.006% | $248K | $106K | 50x | as long as short |
| Binance FILUSDT | +0.0086% | 8h | 0.9775 | +0.053% | $56.2M | $174.7M | 75x | as long as short |
| Extended FIL-USD | +0.0088% | 1h | 0.9774 | +0.045% | $685K | $2.3M | 10x | as long as short |
| BingX FIL-USDT | +0.0088% | 8h | 0.9775 | +0.057% | — | $11.9M | — | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9777 | +0.082% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9783 | +0.137% | $484K | $514K | 20x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9778 | +0.088% | $7.7M | $16.4M | 50x | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9798 | +0.295% | $45K | $292K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9798 | +0.288% | $287K | $801K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9810 | +0.416% | $30K | $198K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9787 | +0.184% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9780 | +0.109% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9774 | +0.047% | $473 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9784 | +0.149% | $619K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9780 | +0.109% | $1.0M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0208% | 8h | 0.9781 | +0.119% | $2.6M | $643K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0612% / S −0.0742% | 1h | 0.9782 | +0.129% | $212K | — | 100x | as long as short |
Injective FIL/USDC PERP
Variational Omni FIL
MEXC FIL_USDC
Binance FILUSDT
Extended FIL-USD
BingX FIL-USDT
Hyperliquid FIL
Aster FILUSDT
Gate FIL_USDT
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
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]