data as of
Settings8H · net · $10k
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Price arb /

S

all S markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$96
spread now−0.207%7d average−0.084%fees + slippage, in and out−$84spread needed0.841%
Long on LighterShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter S0.038700.0096pay 0.0012% / 1h41m 55s$162K$304K5x
ShortBybit SUSDT0.038620.0024get 0.0012% / 4h1h 41m$5.5M$9.0M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$20.67
Funding while held
−$2.14
Slippage, 4 orders
−$73.09
Fee Lighter: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$106.9
Spread needed to break even
0.841%
Slippage from Lighter: live order book, 49 min ago; Bybit: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0071%
Per $10,000 a day
−$2.14
Average in range /8h
—

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 live order book, 49 min ago7.77 bp23.1 bp −$2390.1 bp −$901doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago1.29 bp26.4 bp −$2689.1 bp −$891doesn't fitdoesn't fit

S price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International0.03826cheapest01 Exchange0.03860+0.889%Gate0.03861+0.915%
Bybit0.03862+0.941%
Variational Omni0.03863+0.970%Reya0.03864+0.995%OKX0.03865+1.019%KuCoin0.03865+1.019%Aster0.03865+1.020%Extended0.03866+1.039%BingX0.03866+1.045%BloFin0.03866+1.045%Kraken Futures0.03866+1.047%Orderly0.03867+1.072%MEXC0.03869+1.124%Hyperliquid0.03869+1.132%Binance0.03869+1.135%
Lighter0.03870+1.150%
Bitget0.03870+1.150%ApeX Omni0.03870+1.150%gTrade (Gains Network)0.03870+1.150%GMX0.03871+1.176%Deribit0.03871+1.176%Backpack0.03880+1.411%
Injective0.04100+7.162%

S on 25 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International S-PERP-INTX−1.137%−0.1824%1h$47K$10K25xas long as short
01 Exchange SUSD−0.258%−0.0136%1h$23K$3K5xas long as short
Gate S_USDT−0.233%+0.0100%4h$316K$368K50xas long as short
Bybit SUSDTshort−0.207%+0.0024%4h$5.5M$9.0M50x
Variational Omni S−0.178%−0.1307%4h$601K$117K—as long as short
Reya SRUSDPERP−0.153%−0.0101%1h$4—15xas long as short
OKX S-USDT-SWAP−0.129%+0.0019%4h$965K$11.8M20xas long as short
KuCoin SUSDTM−0.129%+0.0100%4h$1.8M$3.7M50xas long as short
Aster SUSDT−0.128%−0.0257%4h$42K$258K10xas long as short
Extended S-USD−0.110%+0.0104%1h$217K$944K10xas long as short
Show all 25 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX S-USDT−0.103%+0.0100%4h—$6.9M—as long as short
BloFin S-USDT−0.103%+0.0340%4h$271K$260K75xas long as short
Kraken Futures PF_SUSD−0.102%−0.2324%1h$33K$41K10xas long as short
Orderly PERP_S_USDC−0.078%−0.0103%4h$102K$323K10xas long as short
MEXC S_USDT−0.026%+0.0100%4h$3.5M$3.4M200xas long as short
Hyperliquid S−0.018%−0.0099%1h$989K$1.3M5xas long as short
Binance SUSDT−0.015%+0.0100%4h$5.2M$38.1M75xas long as short
Lighter Slong0.000%+0.0096%1h$162K$304K5x
Bitget SUSDT0.000%+0.0100%4h$1.2M$4.5M50xas long as short
ApeX Omni SUSDT0.000%+0.0100%1h$25K$494K50xas long as short
gTrade (Gains Network) S/USD0.000%L +0.0001% / S +0.0006%1h$596—150xas long as short
GMX S/USD [WBTC.b-USDC]+0.026%L −0.0225% / S +0.0214%1h$1K—100xas long as short
Deribit S_USDC-PERPETUAL+0.026%+0.0008%1h$65K$10K10xas long as short
Backpack S_USDC_PERP+0.258%+0.0678%1h$117K$242K5xas long as short
Injective S/USDC PERP+5.943%+0.0033%1h$2K$88K12xas long as short