Funding you earn now, next payment 00:00 UTC−0.0298%/8h= −32.6% APRpaid last 24h −0.176%
Price spread now: Gate against Binance−0.024%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$297as in the Funding arb table
Net, price: spread back to 7d avg − costs−$242as in the Price arb table
costs, in and out, $10k−$2382.379% of the position
Funding, last 7 days−0.590%−$59 on $10k
+Price spread, last 7 days+0.143%+$14 · spread now −0.024%, 7d avg +0.019%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Gate is 0.043% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.019%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance LIGHTUSDT | 0.1805 | 0.0525 | pay 0.0262% / 4h | 36m 42s | $4.1M | $3.0M | 10x |
| Short | Gate LIGHT_USDT | 0.1805 | 0.0227 | get 0.0227% / 8h | 36m 42s | $2.3M | $551K | 10x |
Binance LIGHTUSDT
Gate LIGHT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$62.49
- Price spread: −0.024% → +0.019%
- −$4.31
- Slippage, 4 orders
- −$212.93
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$304.73
- Costs to cover
- 2.379%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; Gate: 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 Binance live order book, 15 min ago | 2.76 bp | 33.1 bp −$33 | 306.9 bp −$3,069 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 5.54 bp | 115.0 bp −$115 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX LIGHT-USDT | +0.0100% | 4h | 0.1802 | −0.190% | $1K | $1.4M | 20x | as long as short |
| OKX LIGHT-USDT-SWAP | +0.0210% | 4h | 0.1806 | +0.031% | $907K | $1.4M | 10x | as long as short |
| Gate LIGHT_USDTshort | +0.0227% | 8h | 0.1805 | −0.024% | $2.3M | $551K | 10x | |
| KuCoin LIGHTUSDTM | +0.0384% | 4h | 0.1803 | −0.135% | $2.0M | $2.6M | 10x | as long as short |
| Aster LIGHTUSDT | +0.0442% | 4h | 0.1804 | −0.070% | $22K | $6K | 5x | as long as short |
| Binance LIGHTUSDTlong | +0.0525% | 4h | 0.1805 | long leg | $4.1M | $3.0M | 10x | |
| BloFin LIGHT-USDT | +0.0535% | 4h | 0.1805 | −0.024% | $237K | $12K | 10x | as long as short |
| MEXC LIGHT_USDT | +0.0536% | 4h | 0.1805 | −0.024% | $1.4M | $288K | 50x | as long as short |
| Bybit LIGHTUSDT | +0.0742% | 4h | 0.1805 | +0.003% | $2.2M | $602K | 13x | as long as short |
SunX LIGHT-USDT
OKX LIGHT-USDT-SWAP
KuCoin LIGHTUSDTM
Aster LIGHTUSDT
BloFin LIGHT-USDT
MEXC LIGHT_USDT
Bybit LIGHTUSDT