Null effective potential in Schwarzschild spacetime ($V_{\mathrm{eff}}=\frac{h^2}{2r^2}(1-2\mu /r),\mu =GM/c^2$)

For an equatorial null geodesic in Schwarzschild spacetime, let $k=(1-2\mu /r)dt/d\lambda$ and $h=r^{2}d\varphi /d\lambda$ be the conserved quantities for an affine parameter $\lambda$. The null metric condition gives ${\dot{r}}^2/2+V_{\mathrm{eff}}=c^2{k}^2/2$. For $h\ne 0$, the effective potential is zero at the Schwarzschild event horizon, positive outside, and tends to zero at infinity. Its unique exterior maximum is at $r=3\mu$, with value $h^2/(54{\mu }^2)$ and second derivative $-h^2/(81{\mu }^4)$. This maximum gives the unstable photon sphere.

The impact parameter of an incoming ray is $b=|h|/(ck)$ for $k>0$. Capture requires its radial energy to exceed the maximum, namely $b<3\sqrt{3}\mu$. At equality the incoming ray approaches the circular orbit asymptotically; it does not cross the horizon. For $h=0$, the potential is identically zero and the ingoing radial ray is captured.