Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.058%
Price spread now: Bybit against Lighter−0.168%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$930.927% of the position
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 4 days (all we have)−0.089%−$9 · spread now −0.168%, 7d avg −0.051%
=Together, before fees−0.158%+ Points / potential airdropLighter: Season 3 · farm board−$16 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 0.116% cheaper against Lighter than usual: you would sell low and buy high, −$12 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 | Lighter SYRUP | 0.2206 | 0.0096 | pay 0.0012% / 1h | 57m 37s | $205K | $213K | 5x |
| Short | Bybit SYRUPUSDT | 0.2202 | 0.0100 | get 0.0050% / 4h | 1h 57m | $2.2M | $2.6M | 25x |
Lighter SYRUP
Bybit SYRUPUSDTFunding 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: −0.168% → −0.051%
- −$11.64
- Slippage, 4 orders
- −$81.73
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$103.53
- Costs to cover
- 0.927%
- Break-even
- 869.8 days
Slippage from Lighter: live order book, 32 min ago; Bybit: live order book, 4 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, 32 min ago | 11.62 bp | 11.9 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.95 bp | 16.4 bp −$16 | 145.5 bp −$1,455 | 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 | −0.0002% | 1h | 0.2204 | −0.065% | $39K | $24K | 10x | as long as short |
| Lighter SYRUPlong | +0.0096% | 1h | 0.2206 | long leg | $205K | $213K | 5x | |
| Hyperliquid SYRUP | +0.0100% | 1h | 0.2206 | +0.007% | $5.4M | $1.9M | 3x | as long as short |
| Aster SYRUPUSDT | +0.0100% | 4h | 0.2199 | −0.311% | $14K | $69K | 10x | as long as short |
| Binance SYRUPUSDT | +0.0100% | 4h | 0.2200 | −0.254% | $8.9M | $7.6M | 25x | as long as short |
| Bybit SYRUPUSDTshort | +0.0100% | 4h | 0.2202 | −0.168% | $2.2M | $2.6M | 25x | |
| OKX SYRUP-USDT-SWAP | +0.0100% | 4h | 0.2200 | −0.258% | $1.0M | $1.2M | 20x | as long as short |
| Gate SYRUP_USDT | +0.0100% | 8h | 0.2199 | −0.295% | $405K | $62K | 25x | as long as short |
| MEXC SYRUP_USDT | +0.0100% | 4h | 0.2201 | −0.213% | $2.8M | $420K | 100x | as long as short |
| KuCoin SYRUPUSDTM | +0.0100% | 4h | 0.2210 | +0.199% | $1.9M | $157K | 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 | 0.2204 | −0.077% | $693K | $511K | 20x | as long as short |
| BingX SYRUP-USDT | +0.0100% | 4h | 0.2202 | −0.181% | — | $6.5M | — | as long as short |
| Variational Omni SYRUP | +0.0100% | 4h | 0.2200 | −0.268% | $157K | $27K | — | as long as short |
| BloFin SYRUP-USDT | +0.0134% | 4h | 0.2199 | −0.290% | $419K | $126K | 50x | as long as short |
| Reya SYRUPRUSDPERP | +0.0149% | 1h | 0.2205 | −0.050% | — | — | 5x | as long as short |
| GMX SYRUP/USD [ETH-USDC] | L +0.0314% / S −0.1301% | 1h | 0.2204 | −0.069% | $2K | — | 50x | as long as short |
Bitget SYRUPUSDT
BingX SYRUP-USDT
Variational Omni SYRUP
BloFin SYRUP-USDT
Reya SYRUPRUSDPERP
GMX SYRUP/USD [ETH-USDC]