Funding you earn now, next payment 08:00 UTC+0.0397%/8h= +43.4% APRnext payment +$1.98 per $10,000 · paid last 24h +0.047%
Price spread now: Bybit against Binance−0.173%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$358as in the Funding arb table
Net, price: spread back to 7d avg − costs−$359as in the Price arb table
costs, in and out, $10k−$3483.479% of the position
Funding, last 7 days−0.102%−$10 on $10k
+Price spread, last 7 days+0.166%+$17 · spread now −0.173%, 7d avg −0.066%
=Funding pays, the price is against you. Bybit is 0.108% cheaper against Binance than usual: you would sell low and buy high (spread −0.173% now, against its 7-day average of −0.066%). If the spread goes back, that is −$11 on $10k: about 22 hours of funding at the current rate (+$12 a day). Mind the row above: over the last 7 days funding on this pair cost −0.102%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.102% in total (about -5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.98 per $10,000. 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 | Binance LIGHTUSDT | 0.1829 | 0.0325 | pay 0.0163% / 4h | 24m 21s | $4.2M | $3.2M | 10x |
| Short | Bybit LIGHTUSDT | 0.1826 | 0.0722 | get 0.0361% / 4h | 24m 21s | $2.2M | $653K | 13x |
Binance LIGHTUSDT
Bybit LIGHTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- $83.33
- Price spread: −0.173% → −0.066%
- −$10.75
- Slippage, 4 orders
- −$326.94
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$275.37
- Costs to cover
- 3.479%
- Break-even
- 30.1 days
Slippage from Binance: live order book, 12 min ago; Bybit: live order book, 7 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 Binance live order book, 12 min ago | 2.72 bp | 37.0 bp −$37 | 412.4 bp −$4,124 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 7 min ago | 5.72 bp | 135.2 bp −$135 | 1761.6 bp −$17.6K | doesn't fit | doesn't fit |
LIGHT on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX LIGHT-USDT-SWAP | +0.0100% | 4h | 0.1826 | −0.162% | $902K | $1.4M | 10x | as long as short |
| Gate LIGHT_USDT | +0.0100% | 8h | 0.1826 | −0.162% | $2.3M | $587K | 10x | as long as short |
| KuCoin LIGHTUSDTM | +0.0100% | 4h | 0.1826 | −0.168% | $2.0M | $2.5M | 10x | as long as short |
| SunX LIGHT-USDT | +0.0100% | 4h | 0.1827 | −0.108% | $1K | $1.5M | 20x | as long as short |
| Aster LIGHTUSDT | +0.0158% | 4h | 0.1827 | −0.115% | $22K | $6K | 5x | as long as short |
| BloFin LIGHT-USDT | +0.0304% | 4h | 0.1826 | −0.162% | $243K | $15K | 10x | as long as short |
| MEXC LIGHT_USDT | +0.0324% | 4h | 0.1828 | −0.053% | $1.6M | $330K | 50x | as long as short |
| Binance LIGHTUSDTlong | +0.0325% | 4h | 0.1829 | long leg | $4.2M | $3.2M | 10x | |
| Bybit LIGHTUSDTshort | +0.0722% | 4h | 0.1826 | −0.173% | $2.2M | $653K | 13x |
OKX LIGHT-USDT-SWAP
Gate LIGHT_USDT
KuCoin LIGHTUSDTM
SunX LIGHT-USDT
Aster LIGHTUSDT
BloFin LIGHT-USDT
MEXC LIGHT_USDT