Funding you earn now, next payment 08:00 UTC−0.0006%/8h= −0.7% APRnext payment −$0.03 per $10,000 · paid last 24h +0.003%
Price spread now: Binance against MEXC−0.055%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1501.504% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 7 days+0.025%+$3 · spread now −0.055%, 7d avg +0.011%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.066% cheaper against MEXC than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC LIGHT_USDT | 0.1821 | 0.0320 | pay 0.0160% / 4h | 2h 41m | $1.4M | $294K | 50x |
| Short | Binance LIGHTUSDT | 0.1820 | 0.0314 | get 0.0157% / 4h | 2h 41m | $4.2M | $3.1M | 10x |
MEXC LIGHT_USDT
Binance LIGHTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against MEXC. 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
- −$1.31
- Price spread: −0.055% → +0.011%
- −$6.59
- Slippage, 4 orders
- −$140.35
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$158.25
- Costs to cover
- 1.504%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; Binance: live order book, 11 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 MEXC live order book, 4 min ago | 2.74 bp | 35.7 bp −$36 | 155.9 bp −$1,559 | 310.3 bp −$31.0K | 718.2 bp −$359.1K |
| Sell Binance live order book, 11 min ago | 2.73 bp | 36.1 bp −$36 | 187.2 bp −$1,872 | 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 | 0.1822 | +0.055% | $900K | $1.3M | 10x | as long as short |
| Gate LIGHT_USDT | +0.0100% | 8h | 0.1822 | +0.055% | $2.3M | $546K | 10x | as long as short |
| KuCoin LIGHTUSDTM | +0.0100% | 4h | 0.1823 | +0.099% | $2.0M | $2.5M | 10x | as long as short |
| SunX LIGHT-USDT | +0.0100% | 4h | 0.1821 | 0.000% | $1K | $1.4M | 20x | as long as short |
| Bybit LIGHTUSDT | +0.0170% | 4h | 0.1817 | −0.198% | $2.2M | $611K | 13x | as long as short |
| Aster LIGHTUSDT | +0.0195% | 4h | 0.1821 | −0.004% | $22K | $6K | 5x | as long as short |
| Binance LIGHTUSDTshort | +0.0314% | 4h | 0.1820 | −0.055% | $4.2M | $3.1M | 10x | |
| MEXC LIGHT_USDTlong | +0.0320% | 4h | 0.1821 | long leg | $1.4M | $294K | 50x | |
| BloFin LIGHT-USDT | +0.0326% | 4h | 0.1822 | +0.055% | $241K | $15K | 10x | as long as short |
OKX LIGHT-USDT-SWAP
Gate LIGHT_USDT
KuCoin LIGHTUSDTM
SunX LIGHT-USDT
Bybit LIGHTUSDT
Aster LIGHTUSDT
BloFin LIGHT-USDT