Funding you earn now, next payment 04:00 UTC−0.0147%/8h= −16.1% APRnext payment −$0.74 per $10,000 · paid last 24h −0.002%
Price spread now: Binance against Bybit−0.182%7-day average +0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$310as in the Funding arb table
Net, price: spread back to 7d avg − costs−$343as in the Price arb table
costs, in and out, $10k−$3193.190% of the position
Funding, last 7 days+0.094%+$9 on $10k
+Price spread, last 7 days+0.130%+$13 · spread now −0.182%, 7d avg +0.062%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.244% cheaper against Bybit than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.062%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.094%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit LIGHTUSDT | 0.1813 | 0.0694 | pay 0.0347% / 4h | 1h 22m | $2.2M | $609K | 13x |
| Short | Binance LIGHTUSDT | 0.1810 | 0.0547 | get 0.0273% / 4h | 1h 22m | $4.1M | $3.1M | 10x |
Bybit LIGHTUSDT
Binance LIGHTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- −$30.92
- Price spread: −0.182% → +0.062%
- −$24.42
- Slippage, 4 orders
- −$297.97
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$374.3
- Costs to cover
- 3.190%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 15 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 Bybit live order book, 5 min ago | 4.43 bp | 111.3 bp −$111 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 2.78 bp | 31.3 bp −$31 | 160.1 bp −$1,601 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate LIGHT_USDT | +0.0100% | 8h | 0.1812 | −0.072% | $2.3M | $560K | 10x | as long as short |
| SunX LIGHT-USDT | +0.0100% | 4h | 0.1808 | −0.292% | $1K | $1.5M | 20x | as long as short |
| OKX LIGHT-USDT-SWAP | +0.0189% | 4h | 0.1812 | −0.072% | $895K | $1.3M | 10x | as long as short |
| KuCoin LIGHTUSDTM | +0.0302% | 4h | 0.1809 | −0.210% | $2.0M | $2.5M | 10x | as long as short |
| Aster LIGHTUSDT | +0.0420% | 4h | 0.1810 | −0.175% | $22K | $6K | 5x | as long as short |
| BloFin LIGHT-USDT | +0.0515% | 4h | 0.1810 | −0.182% | $237K | $18K | 10x | as long as short |
| MEXC LIGHT_USDT | +0.0536% | 4h | 0.1811 | −0.127% | $1.4M | $288K | 50x | as long as short |
| Binance LIGHTUSDTshort | +0.0547% | 4h | 0.1810 | −0.182% | $4.1M | $3.1M | 10x | |
| Bybit LIGHTUSDTlong | +0.0694% | 4h | 0.1813 | long leg | $2.2M | $609K | 13x |
Gate LIGHT_USDT
SunX LIGHT-USDT
OKX LIGHT-USDT-SWAP
KuCoin LIGHTUSDTM
Aster LIGHTUSDT
BloFin LIGHT-USDT
MEXC LIGHT_USDT