Funding you earn now, next payment 08:00 UTC+0.0275%/8h= +30.1% APRpaid last 24h +0.148%
Price spread now: Binance against Gate+0.110%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$191as in the Price arb table
costs, in and out, $10k−$2032.032% of the position
Funding, last 7 days+0.592%+$59 on $10k
+Price spread, last 7 days−0.090%−$9 · spread now +0.110%, 7d avg −0.013%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Binance is 0.123% dearer against Gate than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate LIGHT_USDT | 0.1818 | 0.0100 | pay 0.0100% / 8h | 3h 34m | $2.3M | $563K | 10x |
| Short | Binance LIGHTUSDT | 0.1820 | 0.0375 | get 0.0187% / 4h | 3h 34m | $4.2M | $3.1M | 10x |
Gate LIGHT_USDT
Binance LIGHTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $57.69
- Price spread: +0.110% → −0.013%
- $12.29
- Slippage, 4 orders
- −$178.24
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$133.26
- Costs to cover
- 2.032%
- Break-even
- 23.2 days
Slippage from Gate: live order book, 3 min ago; Binance: 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 Gate live order book, 3 min ago | 5.49 bp | 67.0 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 2.75 bp | 37.5 bp −$38 | 207.5 bp −$2,075 | 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 | +0.055% | $900K | $1.3M | 10x | as long as short |
| Gate LIGHT_USDTlong | +0.0100% | 8h | 0.1818 | long leg | $2.3M | $563K | 10x | |
| SunX LIGHT-USDT | +0.0100% | 4h | 0.1817 | −0.055% | $1K | $1.4M | 20x | as long as short |
| KuCoin LIGHTUSDTM | +0.0218% | 4h | 0.1815 | −0.160% | $2.0M | $2.5M | 10x | as long as short |
| Aster LIGHTUSDT | +0.0271% | 4h | 0.1818 | +0.019% | $22K | $6K | 5x | as long as short |
| Binance LIGHTUSDTshort | +0.0375% | 4h | 0.1820 | +0.110% | $4.2M | $3.1M | 10x | |
| MEXC LIGHT_USDT | +0.0378% | 4h | 0.1819 | +0.055% | $1.4M | $290K | 50x | as long as short |
| BloFin LIGHT-USDT | +0.0391% | 4h | 0.1820 | +0.110% | $239K | $15K | 10x | as long as short |
| Bybit LIGHTUSDT | +0.1048% | 4h | 0.1818 | +0.017% | $2.2M | $608K | 13x | as long as short |
OKX LIGHT-USDT-SWAP
SunX LIGHT-USDT
KuCoin LIGHTUSDTM
Aster LIGHTUSDT
MEXC LIGHT_USDT
BloFin LIGHT-USDT
Bybit LIGHTUSDT