Settings8H · net · $10k
Funding arb · Price arb /

NOT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.002%
Price spread now: Bybit against Lighter−0.311%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.311% cheaper against Lighter than usual: you would sell low and buy high, −$31 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter 1000NOT0.00050850.0096pay 0.0012% / 1h29m 02s$11K$4K3x
ShortBybit NOTUSDT0.00050690.0100get 0.0050% / 4h3h 29m$2.1M$857K25x

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

Funding earned
$0.84
Price spread: −0.311% → 0.000%
−$31.07
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$41.23
Costs to cover
0.110%
Break-even
350.6 days
Slippage unknown: Lighter: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter no order-book sample
Sell Bybit live order book, 3 min ago0.99 bp41.7 bp −$42333.5 bp −$3,335doesn't fitdoesn't fit
Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NOT on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni NOT−0.0310%4h0.0005075−0.200%$72K$38Kas long as short
KuCoin NOTUSDTM−0.0266%4h0.0005064−0.409%$473K$128K50xas long as short
Injective NOT/USDC PERP+0.0033%1h0.0004874−4.146%$1K$13K5.5xas long as short
BloFin NOT-USDT+0.0088%4h0.0005080−0.094%$111K$18K50xas long as short
Lighter 1000NOTlong+0.0096%1h0.0005085long leg$11K$4K3x
Hyperliquid NOT+0.0100%1h0.0005080−0.094%$360K$54K3xas long as short
Aster NOTUSDT+0.0100%4h0.0005079−0.118%$14K$9K5xas long as short
Binance NOTUSDT+0.0100%4h0.0005076−0.173%$2.1M$3.0M50xas long as short
Bybit NOTUSDTshort+0.0100%4h0.0005069−0.311%$2.1M$857K25x
OKX NOT-USDT-SWAP+0.0100%4h0.0005074−0.212%$642K$677K20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NOT_USDT+0.0100%4h0.0005075−0.193%$140K$70K50xas long as short
MEXC NOT_USDT+0.0100%4h0.0005074−0.212%$1.4M$441K200xas long as short
Bitget NOTUSDT+0.0100%4h0.0005079−0.114%$674K$415K50xas long as short
BingX NOT-USDT+0.0100%4h0.0005075−0.193%$8.7Mas long as short
Extended kNOT-USD+0.0104%1h0.0005074−0.203%$4K5xas long as short
Kraken Futures PF_NOTUSD+0.1127%1h0.0005072−0.252%$49K$7K10xas long as short