Funding you earn now, next payment 04:00 UTC−0.0544%/8h= −59.5% APRnext payment −$2.72 per $10,000 · paid last 24h −0.090%
Price spread now: OKX against Bybit+0.172%7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$367as in the Funding arb table
Net, price: spread back to 7d avg − costs−$343as in the Price arb table
costs, in and out, $10k−$3543.545% of the position
Funding, last 7 days−0.123%−$12 on $10k
+Price spread, last 7 days−0.225%−$22 · spread now +0.172%, 7d avg +0.057%
=The price spread pays, funding is against you. OKX is 0.115% dearer against Bybit than usual: you sell high and buy low (spread +0.172% now, against its 7-day average of +0.057%): +$12 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.123% in total) that is about 6.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.123% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.72 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 | Bybit LIGHTUSDT | 0.1799 | 0.0728 | pay 0.0364% / 4h | 1h 42m | $2.2M | $608K | 13x |
| Short | OKX LIGHT-USDT-SWAP | 0.1802 | 0.0185 | get 0.0092% / 4h | 1h 42m | $891K | $1.3M | 10x |
Bybit LIGHTUSDT
OKX LIGHT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$114.16
- Price spread: +0.172% → +0.057%
- $11.53
- Slippage, 4 orders
- −$333.47
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$457.1
- Costs to cover
- 3.545%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; OKX: live order book, 4 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 | 4.73 bp | 152.8 bp −$153 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 2.78 bp | 39.5 bp −$39 | 1738.1 bp −$17.4K | 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 | 0.1798 | −0.050% | $2.3M | $556K | 10x | as long as short |
| SunX LIGHT-USDT | +0.0100% | 4h | 0.1798 | −0.050% | $2K | $1.5M | 20x | as long as short |
| OKX LIGHT-USDT-SWAPshort | +0.0185% | 4h | 0.1802 | +0.172% | $891K | $1.3M | 10x | |
| KuCoin LIGHTUSDTM | +0.0328% | 4h | 0.1796 | −0.178% | $2.0M | $2.5M | 10x | as long as short |
| Aster LIGHTUSDT | +0.0435% | 4h | 0.1798 | −0.074% | $22K | $6K | 5x | as long as short |
| BloFin LIGHT-USDT | +0.0502% | 4h | 0.1800 | +0.061% | $238K | $18K | 10x | as long as short |
| Binance LIGHTUSDT | +0.0551% | 4h | 0.1801 | +0.117% | $4.1M | $3.1M | 10x | as long as short |
| MEXC LIGHT_USDT | +0.0556% | 4h | 0.1801 | +0.117% | $1.4M | $286K | 50x | as long as short |
| Bybit LIGHTUSDTlong | +0.0728% | 4h | 0.1799 | long leg | $2.2M | $608K | 13x |
Gate LIGHT_USDT
SunX LIGHT-USDT
KuCoin LIGHTUSDTM
Aster LIGHTUSDT
BloFin LIGHT-USDT
Binance LIGHTUSDT
MEXC LIGHT_USDT