Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.100%
Price spread now: Bybit against Lighter−0.165%7-day average −0.131% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$550.551% of the position
Funding, last 7 days−0.170%−$17 on $10k
+Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.165%, 7d avg −0.131%
=Together, before fees−0.117%+ Points / potential airdropLighter: Season 3 · farm board−$12 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 0.034% cheaper against Lighter than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.131%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XLM | 0.2125 | 0.0096 | pay 0.0012% / 1h | 12m 28s | $367K | $944K | 5x |
| Short | Bybit XLMUSDT | 0.2122 | 0.0100 | get 0.0100% / 8h | 12m 28s | $43.1M | $46.2M | 75x |
Lighter XLM
Bybit XLMUSDTFunding 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: −0.165% → −0.131%
- −$3.37
- Slippage, 4 orders
- −$44.07
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$57.6
- Costs to cover
- 0.551%
- Break-even
- 487.0 days
Slippage from Lighter: live order book, 23 min ago; Bybit: live order book, 1 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, 23 min ago | 5.43 bp | 22.3 bp −$22 | 55.8 bp −$558 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.36 bp | 8.4 bp −$8 | 17.1 bp −$171 | 69.3 bp −$6,931 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2122 | −0.180% | $4K | — | 150x | as long as short |
| Injective XLM/USDC PERP | +0.0033% | 1h | 0.2125 | −0.019% | $683 | $241K | 12x | as long as short |
| Lighter XLMlong | +0.0096% | 1h | 0.2125 | long leg | $367K | $944K | 5x | |
| Aster XLMUSDT | +0.0100% | 8h | 0.2122 | −0.167% | $562K | $596K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2124 | −0.089% | $54.4M | $158.7M | 75x | as long as short |
| Bybit XLMUSDTshort | +0.0100% | 8h | 0.2122 | −0.165% | $43.1M | $46.2M | 75x | |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2123 | −0.113% | $12.1M | $44.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2122 | −0.165% | $3.9M | $7.7M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2124 | −0.085% | $24.7M | $29.3M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2122 | −0.136% | $14.0M | $9.2M | 75x | as long as short |
gTrade (Gains Network) XLM/USD
Injective XLM/USDC PERP
Aster XLMUSDT
Binance XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTMShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2122 | −0.160% | $25.6M | $22.6M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2122 | −0.155% | — | $7.3M | — | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2119 | −0.293% | $252K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2120 | −0.248% | $12K | $310K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2121 | −0.188% | $586K | $562K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2120 | −0.273% | $170K | $264K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2123 | −0.113% | $3K | $247 | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2120 | −0.249% | $2K | $1.6M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2123 | −0.122% | $578 | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2117 | −0.414% | $195K | $220K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2123 | −0.127% | $8.7M | $8.9M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2122 | −0.150% | $190K | $1.2M | 10x | as long as short |
| Backpack XLM_USDC_PERP | +0.0124% | 1h | 0.2123 | −0.122% | $130K | $342K | 20x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2123 | −0.108% | $2.3M | $5.5M | 75x | as long as short |
| Phoenix XLM | +0.0264% | 1h | 0.2121 | −0.221% | $4K | $50K | 5x | as long as short |
| dYdX XLM-USD | +0.0268% | 1h | 0.2121 | −0.221% | $23K | $2K | 10x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0376% | 1h | 0.2114 | −0.541% | $219K | $1.6M | 50x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0518% / S −0.0247% | 1h | 0.2119 | −0.314% | $39K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0549% | 1h | 0.2123 | −0.120% | $2.6M | $2.6M | 50x | as long as short |
| Hyperliquid XLM | +0.0596% | 1h | 0.2125 | −0.005% | $12.1M | $6.4M | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0928% | 1h | 0.2124 | −0.042% | $527K | $172K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDT
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
Backpack XLM_USDC_PERP
BloFin XLM-USDT
Phoenix XLM
dYdX XLM-USD
Coinbase International XLM-PERP-INTX
GMX XLM/USD [WBTC.b-USDC]
Kraken Futures PF_XLMUSD
Hyperliquid XLM
Deribit XLM_USDC-PERPETUAL