Funding you earn now, next payment 05:00 UTC−0.1140%/8h= −124.8% APRpaid last 24h −0.185%
Price spread now: Bybit against Lighter−0.128%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$153as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1341.338% of the position
Funding, last 7 days−0.191%−$19 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and Bybit is 0.128% cheaper against Lighter than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.191% in total (about -10.0% 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 KAITO | 0.3527 | 0.1240 | pay 0.0155% / 1h | 21m 46s | $87K | $101K | 5x |
| Short | Bybit KAITOUSDT | 0.3522 | 0.0100 | get 0.0050% / 4h | 3h 21m | $4.4M | $7.7M | 75x |
Lighter KAITO
Bybit KAITOUSDTFunding 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
- −$239.4
- Price spread: −0.128% → 0.000%
- −$12.76
- Slippage, 4 orders
- −$122.79
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$385.95
- Costs to cover
- 1.338%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 12 min ago; Bybit: live order book, 1 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, 12 min ago | 28.19 bp | 51.3 bp −$51 | 85.6 bp −$856 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.42 bp | 27.6 bp −$28 | 108.2 bp −$1,082 | doesn't fit | doesn't fit |
KAITO on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack KAITO_USDC_PERP | −0.0384% | 1h | 0.3513 | −0.380% | $19K | $179K | 10x | as long as short |
| Reya KAITORUSDPERP | 0.0000% | 1h | 0.3370 | −4.427% | — | — | — | as long as short |
| Injective KAITO/USDC PERP | +0.0009% | 1h | 0.3511 | −0.440% | $7K | $52K | 12x | as long as short |
| Kraken Futures PF_KAITOUSD | +0.0030% | 1h | 0.3510 | −0.457% | $247K | $156K | 10x | as long as short |
| BloFin KAITO-USDT | +0.0045% | 4h | 0.3514 | −0.354% | $564K | $67K | 75x | as long as short |
| Aster KAITOUSDT | +0.0100% | 4h | 0.3519 | −0.203% | $119K | $50K | 10x | as long as short |
| Pacifica KAITO | +0.0100% | 1h | 0.3510 | −0.464% | $18K | $14K | 5x | as long as short |
| Binance KAITOUSDT | +0.0100% | 4h | 0.3520 | −0.177% | $10.7M | $16.8M | 75x | as long as short |
| Bybit KAITOUSDTshort | +0.0100% | 4h | 0.3522 | −0.128% | $4.4M | $7.7M | 75x | |
| OKX KAITO-USDT-SWAP | +0.0100% | 4h | 0.3518 | −0.241% | $4.3M | $10.7M | 50x | as long as short |
Backpack KAITO_USDC_PERP
Reya KAITORUSDPERP
Injective KAITO/USDC PERP
Kraken Futures PF_KAITOUSD
BloFin KAITO-USDT
Aster KAITOUSDT
Pacifica KAITO
Binance KAITOUSDT
OKX KAITO-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate KAITO_USDT | +0.0100% | 4h | 0.3512 | −0.411% | $664K | $1.7M | 75x | as long as short |
| MEXC KAITO_USDT | +0.0100% | 4h | 0.3513 | −0.383% | $3.2M | $1.1M | 50x | as long as short |
| KuCoin KAITOUSDTM | +0.0100% | 4h | 0.3518 | −0.241% | $1.4M | $167K | 30x | as long as short |
| Bitget KAITOUSDT | +0.0100% | 4h | 0.3523 | −0.099% | $4.4M | $3.4M | 75x | as long as short |
| BingX KAITO-USDC | +0.0100% | 4h | 0.3516 | −0.298% | — | $6.5M | — | as long as short |
| Variational Omni KAITO | +0.0100% | 4h | 0.3514 | −0.345% | $44K | $211K | — | as long as short |
| GRVT KAITO_USDT_Perp | +0.0100% | 4h | 0.3514 | −0.359% | $242K | $2.5M | 10x | as long as short |
| ApeX Omni KAITOUSDT | +0.0100% | 1h | 0.3507 | −0.553% | $29K | $260K | 50x | as long as short |
| Polymarket Perps KAITO-USD | +0.0100% | 1h | 0.3513 | −0.397% | $21K | $4.5M | 5x | as long as short |
| Orderly PERP_KAITO_USDC_mythos | +0.0100% | 4h | 0.3511 | −0.445% | $3K | $2K | 10x | as long as short |
| Paradex KAITO-USD-PERP | +0.0101% | 8h | 0.3510 | −0.470% | $4K | $604 | 10x | as long as short |
| Extended KAITO-USD | +0.0104% | 1h | 0.3514 | −0.354% | $79K | $62K | 10x | as long as short |
| Aevo KAITO-PERP | +0.0104% | 1h | 0.3513 | −0.397% | $244K | — | 3x | as long as short |
| edgeX KAITOUSDC | +0.0110% | 4h | 0.3508 | −0.524% | $17K | $324K | 5x | as long as short |
| Hyperliquid KAITO | +0.0674% | 1h | 0.3520 | −0.196% | $2.1M | $829K | 5x | as long as short |
| Lighter KAITOlong | +0.1240% | 1h | 0.3527 | long leg | $87K | $101K | 5x | |
| 01 Exchange KAITOUSD | +0.5824% | 1h | 0.3600 | +2.084% | $6K | $2K | 3x | as long as short |
Gate KAITO_USDT
MEXC KAITO_USDT
KuCoin KAITOUSDTM
Bitget KAITOUSDT
BingX KAITO-USDC
Variational Omni KAITO
GRVT KAITO_USDT_Perp
ApeX Omni KAITOUSDT
Polymarket Perps KAITO-USD
Orderly PERP_KAITO_USDC_mythos
Paradex KAITO-USD-PERP
Extended KAITO-USD
Aevo KAITO-PERP
edgeX KAITOUSDC
Hyperliquid KAITO
01 Exchange KAITOUSD