Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.064%
Price spread now: Lighter against Bybit+0.131%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1301.298% of the position
Funding, last 7 days+0.069%+$7 on $10k
+Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.131%, 7d avg +0.051%
=Together, before fees+0.009%+ Points / potential airdropLighter: Season 3 · farm board+$1 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: Lighter is 0.080% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.051%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SYRUPUSDT | 0.2214 | 0.0100 | pay 0.0050% / 4h | 17m 26s | $2.1M | $2.1M | 25x |
| Short | Lighter SYRUP | 0.2217 | 0.0096 | get 0.0012% / 1h | 17m 26s | $205K | $219K | 5x |
Bybit SYRUPUSDT
Lighter SYRUPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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: +0.131% → +0.051%
- $8.02
- Slippage, 4 orders
- −$118.85
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$122.67
- Costs to cover
- 1.298%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Lighter: live order book, 23 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 Bybit live order book, 4 min ago | 2.93 bp | 42.0 bp −$42 | 173.5 bp −$1,735 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 23 min ago | 13.28 bp | 31.6 bp −$32 | 496.2 bp −$4,962 | doesn't fit | doesn't fit |
SYRUP on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SYRUPUSD | −0.0804% | 1h | 0.2214 | +0.038% | $40K | $24K | 10x | as long as short |
| Lighter SYRUPshort | +0.0096% | 1h | 0.2217 | +0.131% | $205K | $219K | 5x | |
| Hyperliquid SYRUP | +0.0100% | 1h | 0.2219 | +0.235% | $5.5M | $1.9M | 3x | as long as short |
| Aster SYRUPUSDT | +0.0100% | 4h | 0.2214 | −0.002% | $14K | $69K | 10x | as long as short |
| Binance SYRUPUSDT | +0.0100% | 4h | 0.2213 | −0.009% | $9.0M | $7.3M | 25x | as long as short |
| Bybit SYRUPUSDTlong | +0.0100% | 4h | 0.2214 | long leg | $2.1M | $2.1M | 25x | |
| OKX SYRUP-USDT-SWAP | +0.0100% | 4h | 0.2212 | −0.072% | $1.1M | $1.1M | 20x | as long as short |
| Gate SYRUP_USDT | +0.0100% | 8h | 0.2213 | −0.050% | $408K | $70K | 25x | as long as short |
| MEXC SYRUP_USDT | +0.0100% | 4h | 0.2213 | −0.027% | $2.8M | $425K | 100x | as long as short |
| KuCoin SYRUPUSDTM | +0.0100% | 4h | 0.2221 | +0.325% | $1.9M | $152K | 25x | as long as short |
Kraken Futures PF_SYRUPUSD
Hyperliquid SYRUP
Aster SYRUPUSDT
Binance SYRUPUSDT
OKX SYRUP-USDT-SWAP
Gate SYRUP_USDT
MEXC SYRUP_USDT
KuCoin SYRUPUSDTMShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SYRUPUSDT | +0.0100% | 4h | 0.2215 | +0.063% | $699K | $508K | 20x | as long as short |
| BingX SYRUP-USDT | +0.0100% | 4h | 0.2214 | +0.018% | — | $6.5M | — | as long as short |
| Variational Omni SYRUP | +0.0100% | 4h | 0.2218 | +0.192% | $158K | $31K | — | as long as short |
| BloFin SYRUP-USDT | +0.0105% | 4h | 0.2216 | +0.090% | $428K | $128K | 50x | as long as short |
| Reya SYRUPRUSDPERP | +0.0149% | 1h | 0.2213 | −0.023% | — | — | 5x | as long as short |
| GMX SYRUP/USD [ETH-USDC] | L +0.0328% / S −0.1447% | 1h | 0.2213 | −0.012% | $3K | — | 50x | as long as short |
Bitget SYRUPUSDT
BingX SYRUP-USDT
Variational Omni SYRUP
BloFin SYRUP-USDT
Reya SYRUPRUSDPERP
GMX SYRUP/USD [ETH-USDC]