Funding you earn now, next payment 08:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.36 per $10,000 · paid last 24h +0.006%
Price spread now: Binance against BloFin−0.033%91s7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1281.277% of the position
Funding, last 7 days+0.015%+$2 on $10k
+Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.033%, 7d avg +0.002%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.034% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.002%). Swap the legs. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin LIGHT-USDT | 0.1825 | 0.0385 | pay 0.0193% / 4h | 2h 41m | $240K | $15K | 10x |
| Short | Binance LIGHTUSDT | 0.1824 | 0.0314 | get 0.0157% / 4h | 2h 41m | $4.2M | $3.1M | 10x |
BloFin LIGHT-USDT
Binance LIGHTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$15.06
- Price spread: −0.033% → +0.002%
- −$3.43
- Slippage, 4 orders
- −$105.72
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$146.21
- Costs to cover
- 1.277%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 40 min ago; Binance: live order book, 10 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 BloFin live order book, 40 min ago | 10.90 bp | 24.4 bp −$24 | 109.1 bp −$1,091 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 2.73 bp | 36.1 bp −$36 | 187.2 bp −$1,872 | 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 | 0.1824 | −0.055% | $901K | $1.3M | 10x | as long as short |
| Gate LIGHT_USDT | +0.0100% | 8h | 0.1822 | −0.164% | $2.3M | $546K | 10x | as long as short |
| KuCoin LIGHTUSDTM | +0.0100% | 4h | 0.1823 | −0.110% | $2.0M | $2.5M | 10x | as long as short |
| SunX LIGHT-USDT | +0.0100% | 4h | 0.1819 | −0.329% | $1K | $1.4M | 20x | as long as short |
| Bybit LIGHTUSDT | +0.0170% | 4h | 0.1824 | −0.066% | $2.2M | $611K | 13x | as long as short |
| Aster LIGHTUSDT | +0.0195% | 4h | 0.1822 | −0.166% | $22K | $6K | 5x | as long as short |
| Binance LIGHTUSDTshort | +0.0314% | 4h | 0.1824 | −0.033% | $4.2M | $3.1M | 10x | |
| MEXC LIGHT_USDT | +0.0320% | 4h | 0.1823 | −0.110% | $1.4M | $294K | 50x | as long as short |
| BloFin LIGHT-USDTlong | +0.0385% | 4h | 0.1825 | long leg | $240K | $15K | 10x |
OKX LIGHT-USDT-SWAP
Gate LIGHT_USDT
KuCoin LIGHTUSDTM
SunX LIGHT-USDT
Bybit LIGHTUSDT
Aster LIGHTUSDT
MEXC LIGHT_USDT