Funding you earn now, next payment 00:00 UTC+0.0574%/8h= +62.8% APRpaid last 24h +0.132%
Price spread now: Bybit against Gate−0.055%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$361as in the Funding arb table
Net, price: spread back to 7d avg − costs−$407as in the Price arb table
costs, in and out, $10k−$4094.094% of the position
Funding, last 7 days+0.479%+$48 on $10k
+Price spread, last 7 days+0.030%+$3 · spread now −0.055%, 7d avg −0.077%
=Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Bybit is 0.022% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.077%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate LIGHT_USDT | 0.1813 | 0.0271 | pay 0.0271% / 8h | 1h 03m | $2.3M | $555K | 10x |
| Short | Bybit LIGHTUSDT | 0.1812 | 0.0845 | get 0.0422% / 4h | 1h 03m | $2.2M | $600K | 13x |
Gate LIGHT_USDT
Bybit LIGHTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $120.53
- Price spread: −0.055% → −0.077%
- $2.22
- Slippage, 4 orders
- −$383.37
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$286.62
- Costs to cover
- 4.094%
- Break-even
- 23.6 days
Slippage from Gate: live order book, 5 min ago; Bybit: live order book, 9 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, 5 min ago | 2.77 bp | 69.7 bp −$70 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 9 min ago | 3.60 bp | 136.5 bp −$136 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX LIGHT-USDT | +0.0100% | 4h | 0.1810 | −0.165% | $2K | $1.4M | 20x | as long as short |
| Gate LIGHT_USDTlong | +0.0271% | 8h | 0.1813 | long leg | $2.3M | $555K | 10x | |
| OKX LIGHT-USDT-SWAP | +0.0311% | 4h | 0.1813 | 0.000% | $910K | $1.4M | 10x | as long as short |
| KuCoin LIGHTUSDTM | +0.0380% | 4h | 0.1808 | −0.265% | $2.0M | $2.6M | 10x | as long as short |
| Aster LIGHTUSDT | +0.0497% | 4h | 0.1812 | −0.079% | $22K | $6K | 5x | as long as short |
| BloFin LIGHT-USDT | +0.0540% | 4h | 0.1813 | 0.000% | $236K | $12K | 10x | as long as short |
| MEXC LIGHT_USDT | +0.0548% | 4h | 0.1810 | −0.165% | $1.4M | $292K | 50x | as long as short |
| Binance LIGHTUSDT | +0.0564% | 4h | 0.1811 | −0.110% | $4.2M | $3.0M | 10x | as long as short |
| Bybit LIGHTUSDTshort | +0.0845% | 4h | 0.1812 | −0.055% | $2.2M | $600K | 13x |
SunX LIGHT-USDT
OKX LIGHT-USDT-SWAP
KuCoin LIGHTUSDTM
Aster LIGHTUSDT
BloFin LIGHT-USDT
MEXC LIGHT_USDT
Binance LIGHTUSDT