Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.017%
Price spread now: Bybit against Lighter−0.154%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$780.776% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.154%, 7d avg −0.096%
=Together, before fees−0.030%+ Points / potential airdropLighter: Season 3 · farm board−$3 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: Bybit is 0.058% cheaper against Lighter than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.096%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PYTH | 0.06483 | 0.0096 | pay 0.0012% / 1h | 10m 45s | $203K | $199K | 5x |
| Short | Bybit PYTHUSDT | 0.06473 | 0.0100 | get 0.0050% / 4h | 3h 10m | $7.7M | $4.8M | 50x |
Lighter PYTH
Bybit PYTHUSDTFunding 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
- $0.84
- Price spread: −0.154% → −0.096%
- −$5.85
- Slippage, 4 orders
- −$66.63
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$82.64
- Costs to cover
- 0.776%
- Break-even
- 695.6 days
Slippage from Lighter: live order book, 45 min ago; Bybit: live order book, 2 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, 45 min ago | 3.14 bp | 8.6 bp −$9 | 76.9 bp −$769 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.31 bp | 30.6 bp −$31 | 88.8 bp −$888 | doesn't fit | doesn't fit |
PYTH on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PYTH-USDT | −0.0149% | 4h | 0.06458 | −0.386% | $432K | $111K | 75x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0134% | 1h | 0.06465 | −0.275% | $397K | $291K | 25x | as long as short |
| Binance PYTHUSDT | −0.0118% | 4h | 0.06470 | −0.201% | $9.3M | $17.7M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0116% | 4h | 0.06469 | −0.216% | $9.8M | $2.4M | 125x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06505 | +0.339% | $40K | $18K | 25x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06476 | −0.108% | $192K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06472 | −0.170% | $10K | $10K | 10x | as long as short |
| Aster PYTHUSDT | +0.0019% | 4h | 0.06469 | −0.218% | $22K | $45K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −3.440% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0048% | 1h | 0.06460 | −0.355% | $23K | — | 3x | as long as short |
BloFin PYTH-USDT
Kraken Futures PF_PYTHUSD
Binance PYTHUSDT
MEXC PYTH_USDT
Coinbase International PYTH-PERP-INTX
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Aster PYTHUSDT
Injective PYTH/USDC PERP
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTHlong | +0.0096% | 1h | 0.06483 | long leg | $203K | $199K | 5x | |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06466 | −0.256% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06479 | −0.068% | $2.1M | $1.6M | 5x | as long as short |
| Bybit PYTHUSDTshort | +0.0100% | 4h | 0.06473 | −0.154% | $7.7M | $4.8M | 50x | |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06471 | −0.185% | $2.1M | $3.5M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06471 | −0.185% | $1.1M | $481K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06476 | −0.108% | $1.5M | $326K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06470 | −0.201% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06470 | −0.201% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06461 | −0.333% | $39K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06473 | −0.156% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06463 | −0.316% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0951% | 1h | 0.06466 | −0.262% | $36K | $91K | 10x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP