Funding you earn now, next payment 21:00 UTC+0.0812%/8h= +88.9% APRpaid last 24h +0.088%
Price spread now: Lighter against Bybit+0.280%7-day average +0.126% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$490.488% of the position
Funding, last 7 days+0.147%+$15 on $10k
+Price spread, last 4 days (all we have)−0.176%−$18 · spread now +0.280%, 7d avg +0.126%
=Together, before fees−0.029%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Lighter is 0.154% dearer against Bybit than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.126%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.147% in total (about 7.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XLMUSDT | 0.2142 | 0.0100 | pay 0.0100% / 8h | 3h 31m | $43.6M | $39.6M | 75x |
| Short | Lighter XLM | 0.2149 | 0.0912 | get 0.0114% / 1h | 31m 48s | $427K | $781K | 5x |
Bybit XLMUSDT
Lighter XLMFunding 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
- $170.52
- Price spread: +0.280% → +0.126%
- $15.39
- Slippage, 4 orders
- −$37.79
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $137.11
- Costs to cover
- 0.488%
- Break-even
- 1.4 days
Slippage from Bybit: live order book, 3 min ago; Lighter: live order book, 13 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, 3 min ago | 2.34 bp | 7.8 bp −$8 | 13.2 bp −$132 | 58.5 bp −$5,852 | doesn't fit |
| Sell Lighter live order book, 13 min ago | 2.79 bp | 6.3 bp −$6 | 58.7 bp −$587 | doesn't fit | doesn't fit |
XLM on 31 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XLM-USD | 0.0000% | 1h | 0.2144 | +0.069% | $23K | $3K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2143 | +0.004% | $10K | — | 150x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2143 | +0.029% | $55.4M | $144.1M | 75x | as long as short |
| Bybit XLMUSDTlong | +0.0100% | 8h | 0.2142 | long leg | $43.6M | $39.6M | 75x | |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2141 | −0.065% | $13.0M | $40.2M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2144 | +0.047% | $3.9M | $5.8M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2143 | +0.042% | $25.8M | $24.8M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2144 | +0.056% | $14.4M | $9.9M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2144 | +0.056% | $25.4M | $17.2M | 75x | as long as short |
| BingX XLM-USDC | +0.0100% | 8h | 0.2144 | +0.051% | — | $6.7M | — | as long as short |
dYdX XLM-USD
gTrade (Gains Network) XLM/USD
Binance XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDT
BingX XLM-USDCShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XLM | +0.0100% | 8h | 0.2144 | +0.048% | $216K | $946K | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2141 | −0.065% | $12K | $298K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2140 | −0.099% | $596K | $570K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2147 | +0.210% | $172K | $255K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2145 | +0.117% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2141 | −0.075% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2144 | +0.070% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2145 | +0.117% | $200K | $271K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2145 | +0.117% | $8.9M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2143 | +0.014% | $196K | $1.6M | 10x | as long as short |
| Aster XLMUSDT | +0.0110% | 8h | 0.2144 | +0.053% | $590K | $786K | 75x | as long as short |
| Phoenix XLM | +0.0188% | 1h | 0.2143 | +0.023% | $5K | $40K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2142 | −0.005% | $2.3M | $6.3M | 75x | as long as short |
| Backpack XLM_USDC_PERP | +0.0236% | 1h | 0.2144 | +0.047% | $94K | $212K | 20x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0310% / S −0.0164% | 1h | 0.2142 | −0.008% | $44K | — | 100x | as long as short |
| Injective XLM/USDC PERP | +0.0346% | 1h | 0.2123 | −0.910% | $476 | $85K | 12x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0376% | 1h | 0.2147 | +0.215% | $236K | $1.5M | 50x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0401% | 1h | 0.2145 | +0.112% | $2.6M | $2.5M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0543% | 1h | 0.2147 | +0.187% | $533K | $166K | 25x | as long as short |
| Hyperliquid XLM | +0.0563% | 1h | 0.2147 | +0.215% | $11.9M | $5.8M | 5x | as long as short |
| Lighter XLMshort | +0.0912% | 1h | 0.2149 | +0.280% | $427K | $781K | 5x |
Variational Omni XLM
edgeX XLMUSDC
GRVT XLM_USDT_Perp
ApeX Omni XLMUSDT
Orderly PERP_XLM_USDC_mythos
SunX XLM-USDT
SoDEX XLM-USD
HTX XLM-USDT
Phemex XLMUSDT
Extended XLM-USD
Aster XLMUSDT
Phoenix XLM
BloFin XLM-USDT
Backpack XLM_USDC_PERP
GMX XLM/USD [WBTC.b-USDC]
Injective XLM/USDC PERP
Coinbase International XLM-PERP-INTX
Kraken Futures PF_XLMUSD
Deribit XLM_USDC-PERPETUAL
Hyperliquid XLM