Funding you earn now, next payment 07:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.011%
Price spread now: Lighter against Bybit+0.003%7-day average −0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$260.263% of the position
Funding, last 7 days−0.048%−$5 on $10k
+Price spread, last 7 days−0.072%−$7 · spread now +0.003%, 7d avg −0.077%
=Together, before fees−0.120%+ Points / potential airdropLighter: Season 3 · farm board−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.081% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.077%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit COINUSDT | 195.23 | 0 | get 0.0000% / 8h | 1h 38m | $4.7M | $6.2M | 50x |
| Short | Lighter COIN | 195.24 | 0.0120 | get 0.0015% / 1h | 38m 27s | $361K | $2.3M | 10x |
Bybit COINUSDT
Lighter COINFunding 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
- $25.2
- Price spread: +0.003% → −0.077%
- $8.05
- Slippage, 4 orders
- −$15.32
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $6.93
- Costs to cover
- 0.263%
- Break-even
- 5.1 days
Slippage from Bybit: live order book, 4 min ago; Lighter: live order book, 3 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 | 4.09 bp | 13.6 bp −$14 | 38.0 bp −$380 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 0.64 bp | 0.7 bp −$1 | 1.7 bp −$17 | doesn't fit | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0700% | 8h | 195.51 | +0.143% | $6.3M | $10.7M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.45 | +0.113% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0103% | 1h | 194.71 | −0.266% | — | $289K | 25x | as long as short |
| Gate COIN_USDT | −0.0009% | 8h | 195.30 | +0.036% | $1.2M | $7.4M | 50x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.43 | +0.104% | $341K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.22 | −0.004% | $112K | $803K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 195.28 | +0.023% | $15.0M | $82.3M | 20x | as long as short |
| Bybit COINUSDTlong | 0.0000% | 8h | 195.23 | long leg | $4.7M | $6.2M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.23 | 0.000% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.45 | +0.113% | $708K | $959K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Gate COIN_USDT
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.58 | +0.179% | $16K | $2.7M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.20 | −0.015% | $459K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.52 | +0.149% | $15K | $54K | 5x | as long as short |
| QFEX COIN-USD | +0.0045% | 1h | 195.28 | +0.026% | $1.3M | $3.0M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.18 | −0.026% | $129K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.27 | +0.020% | $76 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.06 | −0.087% | $447K | $2.8M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0075% | 1h | 195.20 | −0.015% | $15.1M | $13.2M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.17 | −0.031% | $984K | $137K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.32 | +0.046% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.24 | +0.005% | $565 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.28 | +0.025% | $115 | — | 10x | as long as short |
| Lighter COINshort | +0.0120% | 1h | 195.24 | +0.003% | $361K | $2.3M | 10x | |
| BloFin COIN-USDT | +0.0120% | 8h | 195.33 | +0.051% | $187K | $423K | 20x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.44 | +0.108% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0209% | 4h | 195.50 | +0.141% | $50K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
Arcus COIN-USD
QFEX COIN-USD
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
tradeXYZ xyz:COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC