Funding you earn now, next payment 04:00 UTC−0.0220%/8h= −24.1% APRnext payment −$1.10 per $10,000 · paid last 24h −0.005%
Price spread now: Binance against Bitget−0.237%7-day average −0.132% · you buy dearer than you sell
Net, funding: paid 7d − costs−$194as in the Funding arb table
Net, price: spread back to 7d avg − costs−$195as in the Price arb table
costs, in and out, $10k−$1851.849% of the position
Funding, last 7 days−0.093%−$9 on $10k
+Price spread, last 7 days+0.105%+$11 · spread now −0.237%, 7d avg −0.132%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Binance is 0.104% cheaper against Bitget than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.132%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.093% in total (about -4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.10 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 | Bitget LUMIAUSDT | 0.08543 | 0.0320 | pay 0.0160% / 4h | 51m 19s | $2.7M | $334K | 10x |
| Short | Binance LUMIAUSDT | 0.08523 | 0.0100 | get 0.0050% / 4h | 51m 19s | $4.9M | $1.8M | 10x |
Bitget LUMIAUSDT
Binance LUMIAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- −$46.2
- Price spread: −0.237% → −0.132%
- −$10.42
- Slippage, 4 orders
- −$162.89
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$241.52
- Costs to cover
- 1.849%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; Binance: live order book, 16 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 Bitget live order book, 1 min ago | 5.85 bp | 56.1 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 3.53 bp | 33.8 bp −$34 | 396.2 bp −$3,962 | doesn't fit | doesn't fit |
LUMIA on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance LUMIAUSDTshort | +0.0100% | 4h | 0.08523 | −0.237% | $4.9M | $1.8M | 10x | |
| MEXC LUMIA_USDT | +0.0100% | 4h | 0.08526 | −0.199% | $194K | $122K | 100x | as long as short |
| Aster LUMIAUSDT | +0.0149% | 4h | 0.08527 | −0.184% | $1.0M | $2K | 5x | as long as short |
| Bitget LUMIAUSDTlong | +0.0320% | 4h | 0.08543 | long leg | $2.7M | $334K | 10x | |
| Variational Omni LUMIA | +0.0408% | 4h | 0.08559 | +0.188% | $6K | $5K | — | as long as short |
| Bybit LUMIAUSDT | +0.0437% | 4h | 0.08550 | +0.082% | $743K | $292K | 25x | as long as short |
| Gate LUMIA_USDT | +0.0438% | 4h | 0.08518 | −0.293% | $308K | $36K | 20x | as long as short |
| BingX LUMIA-USDT | +0.0440% | 4h | 0.08530 | −0.152% | — | $1.3M | — | as long as short |
MEXC LUMIA_USDT
Aster LUMIAUSDT
Variational Omni LUMIA
Bybit LUMIAUSDT
Gate LUMIA_USDT
BingX LUMIA-USDT