Funding you earn now, next payment 08:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.52 per $10,000 · paid last 24h −0.052%
Price spread now: BloFin against Bybit−0.038%7-day average +0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$342as in the Funding arb table
Net, price: spread back to 7d avg − costs−$362as in the Price arb table
costs, in and out, $10k−$3513.511% of the position
Funding, last 7 days+0.087%+$9 on $10k
+Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.038%, 7d avg +0.067%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BloFin is 0.105% cheaper against Bybit than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.067%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.087%, 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 | 0.1845 | 0.0441 | pay 0.0220% / 4h | 1h 42m | $2.2M | $633K | 13x |
| Short | BloFin LIGHT-USDT | 0.1844 | 0.0337 | get 0.0168% / 4h | 1h 42m | $243K | $15K | 10x |
Bybit LIGHTUSDT
BloFin LIGHT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$21.82
- Price spread: −0.038% → +0.067%
- −$10.53
- Slippage, 4 orders
- −$328.11
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$383.46
- Costs to cover
- 3.511%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 34 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, 4 min ago | 5.70 bp | 159.1 bp −$159 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 34 min ago | 2.74 bp | 25.9 bp −$26 | 105.0 bp −$1,050 | 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 | 0.1842 | −0.146% | $918K | $1.4M | 10x | as long as short |
| Gate LIGHT_USDT | +0.0100% | 8h | 0.1845 | +0.016% | $2.3M | $559K | 10x | as long as short |
| KuCoin LIGHTUSDTM | +0.0100% | 4h | 0.1843 | −0.114% | $2.0M | $2.5M | 10x | as long as short |
| SunX LIGHT-USDT | +0.0100% | 4h | 0.1845 | +0.016% | $2K | $1.5M | 20x | as long as short |
| Aster LIGHTUSDT | +0.0210% | 4h | 0.1845 | −0.010% | $22K | $6K | 5x | as long as short |
| MEXC LIGHT_USDT | +0.0290% | 4h | 0.1841 | −0.201% | $1.6M | $325K | 50x | as long as short |
| Binance LIGHTUSDT | +0.0301% | 4h | 0.1842 | −0.146% | $4.2M | $3.2M | 10x | as long as short |
| BloFin LIGHT-USDTshort | +0.0337% | 4h | 0.1844 | −0.038% | $243K | $15K | 10x | |
| Bybit LIGHTUSDTlong | +0.0441% | 4h | 0.1845 | long leg | $2.2M | $633K | 13x |
OKX LIGHT-USDT-SWAP
Gate LIGHT_USDT
KuCoin LIGHTUSDTM
SunX LIGHT-USDT
Aster LIGHTUSDT
MEXC LIGHT_USDT
Binance LIGHTUSDT