Funding you earn now, next payment 04:00 UTC+0.0250%/8h= +27.3% APRnext payment +$1.25 per $10,000 · paid last 24h +0.025%
Price spread now: Bybit against Bitget−0.012%7-day average +0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$288as in the Funding arb table
Net, price: spread back to 7d avg − costs−$294as in the Price arb table
costs, in and out, $10k−$2892.887% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 4 days (all we have)+0.103%+$10 · spread now −0.012%, 7d avg +0.045%
=Funding pays, the price is against you. Bybit is 0.057% cheaper against Bitget than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.045%). If the spread goes back, that is −$6 on $10k: about 18 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.010% in total) that is about 39 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.010% in total (about 0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.25 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 | 0.08516 | 0.0250 | pay 0.0125% / 4h | 2m 45s | $2.7M | $338K | 10x |
| Short | Bybit LUMIAUSDT | 0.08515 | 0.0500 | get 0.0250% / 4h | 2m 45s | $740K | $298K | 25x |
Bitget LUMIAUSDT
Bybit LUMIAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $52.4
- Price spread: −0.012% → +0.045%
- −$5.66
- Slippage, 4 orders
- −$265.75
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$242
- Costs to cover
- 2.887%
- Break-even
- 39.3 days
Slippage from Bitget: live order book, 5 min ago; Bybit: live order book, 52 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, 5 min ago | 4.69 bp | 48.1 bp −$48 | 701.8 bp −$7,018 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 52 min ago | 5.87 bp | 105.6 bp −$106 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster LUMIAUSDT | +0.0100% | 4h | 0.08501 | −0.182% | $996K | $2K | 5x | as long as short |
| Binance LUMIAUSDT | +0.0100% | 4h | 0.08498 | −0.215% | $4.9M | $1.9M | 10x | as long as short |
| MEXC LUMIA_USDT | +0.0100% | 4h | 0.08502 | −0.164% | $193K | $124K | 100x | as long as short |
| Gate LUMIA_USDT | +0.0120% | 4h | 0.08501 | −0.176% | $307K | $37K | 20x | as long as short |
| Bitget LUMIAUSDTlong | +0.0250% | 4h | 0.08516 | long leg | $2.7M | $338K | 10x | |
| Variational Omni LUMIA | +0.0387% | 4h | 0.08517 | +0.006% | $6K | $5K | — | as long as short |
| Bybit LUMIAUSDTshort | +0.0500% | 4h | 0.08515 | −0.012% | $740K | $298K | 25x | |
| BingX LUMIA-USDT | +0.0528% | 4h | 0.08510 | −0.070% | — | $1.3M | — | as long as short |
Aster LUMIAUSDT
Binance LUMIAUSDT
MEXC LUMIA_USDT
Gate LUMIA_USDT
Variational Omni LUMIA
BingX LUMIA-USDT