Funding you earn now, next payment 04:00 UTC−0.0310%/8h= −33.9% APRpaid last 24h −0.169%
Price spread now: Gate against Bybit−0.171%7-day average +0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$488as in the Funding arb table
Net, price: spread back to 7d avg − costs−$463as in the Price arb table
costs, in and out, $10k−$4394.385% of the position
Funding, last 7 days−0.493%−$49 on $10k
+Price spread, last 7 days+0.177%+$18 · spread now −0.171%, 7d avg +0.077%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Gate is 0.249% cheaper against Bybit than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.077%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit LIGHTUSDT | 0.1808 | 0.0410 | pay 0.0205% / 4h | 31m 55s | $2.2M | $608K | 13x |
| Short | Gate LIGHT_USDT | 0.1805 | 0.0100 | get 0.0100% / 8h | 4h 31m | $2.3M | $563K | 10x |
Bybit LIGHTUSDT
Gate LIGHT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$65
- Price spread: −0.171% → +0.077%
- −$24.87
- Slippage, 4 orders
- −$412.55
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$528.42
- Costs to cover
- 4.385%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 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 Bybit live order book, 5 min ago | 4.71 bp | 152.7 bp −$153 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 2.77 bp | 61.8 bp −$62 | 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 | 0.1810 | +0.105% | $898K | $1.3M | 10x | as long as short |
| Gate LIGHT_USDTshort | +0.0100% | 8h | 0.1805 | −0.171% | $2.3M | $563K | 10x | |
| SunX LIGHT-USDT | +0.0100% | 4h | 0.1806 | −0.116% | $1K | $1.4M | 20x | as long as short |
| KuCoin LIGHTUSDTM | +0.0246% | 4h | 0.1803 | −0.277% | $2.0M | $2.5M | 10x | as long as short |
| Aster LIGHTUSDT | +0.0265% | 4h | 0.1806 | −0.130% | $22K | $6K | 5x | as long as short |
| Binance LIGHTUSDT | +0.0384% | 4h | 0.1809 | +0.031% | $4.1M | $3.1M | 10x | as long as short |
| MEXC LIGHT_USDT | +0.0390% | 4h | 0.1808 | −0.006% | $1.4M | $290K | 50x | as long as short |
| BloFin LIGHT-USDT | +0.0404% | 4h | 0.1805 | −0.171% | $238K | $18K | 10x | as long as short |
| Bybit LIGHTUSDTlong | +0.0410% | 4h | 0.1808 | long leg | $2.2M | $608K | 13x |
OKX LIGHT-USDT-SWAP
SunX LIGHT-USDT
KuCoin LIGHTUSDTM
Aster LIGHTUSDT
Binance LIGHTUSDT
MEXC LIGHT_USDT
BloFin LIGHT-USDT