Funding you earn now, next payment 08:00 UTC−0.0185%/8h= −20.3% APRnext payment −$0.93 per $10,000 · paid last 24h +0.052%
Price spread now: Bybit against BloFin−0.181%62s7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$356as 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−$3473.473% of the position
Funding, last 7 days−0.087%−$9 on $10k
+Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.181%, 7d avg −0.064%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.117% cheaper against BloFin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.064%). Swap the legs. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.087% in total (about -4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.93 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 | BloFin LIGHT-USDT | 0.1822 | 0.0326 | pay 0.0163% / 4h | 2h 40m | $241K | $15K | 10x |
| Short | Bybit LIGHTUSDT | 0.1819 | 0.0140 | get 0.0070% / 4h | 2h 40m | $2.2M | $611K | 13x |
BloFin LIGHT-USDT
Bybit LIGHTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$38.87
- Price spread: −0.181% → −0.064%
- −$11.66
- Slippage, 4 orders
- −$324.26
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$397.8
- Costs to cover
- 3.473%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 41 min ago; Bybit: live order book, 2 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, 41 min ago | 10.90 bp | 24.4 bp −$24 | 109.1 bp −$1,091 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 5.76 bp | 165.7 bp −$166 | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX LIGHT-USDT-SWAP | +0.0100% | 4h | 0.1819 | −0.165% | $897K | $1.3M | 10x | as long as short |
| Gate LIGHT_USDT | +0.0100% | 8h | 0.1818 | −0.220% | $2.3M | $547K | 10x | as long as short |
| KuCoin LIGHTUSDTM | +0.0100% | 4h | 0.1820 | −0.099% | $2.0M | $2.5M | 10x | as long as short |
| SunX LIGHT-USDT | +0.0100% | 4h | 0.1815 | −0.384% | $1K | $1.4M | 20x | as long as short |
| Bybit LIGHTUSDTshort | +0.0140% | 4h | 0.1819 | −0.181% | $2.2M | $611K | 13x | |
| Aster LIGHTUSDT | +0.0188% | 4h | 0.1817 | −0.271% | $22K | $6K | 5x | as long as short |
| MEXC LIGHT_USDT | +0.0312% | 4h | 0.1820 | −0.110% | $1.4M | $295K | 50x | as long as short |
| Binance LIGHTUSDT | +0.0314% | 4h | 0.1818 | −0.213% | $4.2M | $3.1M | 10x | as long as short |
| BloFin LIGHT-USDTlong | +0.0326% | 4h | 0.1822 | long leg | $241K | $15K | 10x |
OKX LIGHT-USDT-SWAP
Gate LIGHT_USDT
KuCoin LIGHTUSDTM
SunX LIGHT-USDT
Aster LIGHTUSDT
MEXC LIGHT_USDT
Binance LIGHTUSDT