Funding you earn now, next payment 08:00 UTC−0.0400%/8h= −43.8% APRnext payment −$2.00 per $10,000 · paid last 24h −0.005%
Price spread now: Gate against Bitget−0.071%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$490as in the Funding arb table
Net, price: spread back to 7d avg − costs−$493as in the Price arb table
costs, in and out, $10k−$4964.959% of the position
Funding, last 7 days+0.060%+$6 on $10k
+Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.071%, 7d avg −0.096%
=The price spread pays, funding is against you. Gate is 0.024% dearer against Bitget than usual: you sell high and buy low (spread −0.071% now, against its 7-day average of −0.096%): +$2 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 5 hours. Mind the row above: over the last 7 days funding on this pair paid +0.060%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.060% in total (about 3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.00 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 | 0.08438 | 0.0500 | pay 0.0250% / 4h | 1h 44m | $2.7M | $341K | 10x |
| Short | Gate LUMIA_USDT | 0.08432 | 0.0100 | get 0.0050% / 4h | 1h 44m | $306K | $39K | 20x |
Bitget LUMIAUSDT
Gate LUMIA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$84
- Price spread: −0.071% → −0.096%
- $2.45
- Slippage, 4 orders
- −$468.89
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$577.44
- Costs to cover
- 4.959%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Gate: live order book, 60 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, 3 min ago | 5.33 bp | 33.2 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 60 min ago | 7.08 bp | 191.2 bp −$191 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance LUMIAUSDT | +0.0100% | 4h | 0.08430 | −0.096% | $4.8M | $2.0M | 10x | as long as short |
| Gate LUMIA_USDTshort | +0.0100% | 4h | 0.08432 | −0.071% | $306K | $39K | 20x | |
| MEXC LUMIA_USDT | +0.0100% | 4h | 0.08431 | −0.083% | $184K | $124K | 100x | as long as short |
| Aster LUMIAUSDT | +0.0146% | 4h | 0.08438 | 0.000% | $989K | $2K | 5x | as long as short |
| Bitget LUMIAUSDTlong | +0.0500% | 4h | 0.08438 | long leg | $2.7M | $341K | 10x | |
| Variational Omni LUMIA | +0.0526% | 4h | 0.08424 | −0.172% | $6K | $5K | — | as long as short |
| BingX LUMIA-USDT | +0.0722% | 4h | 0.08441 | +0.036% | — | $1.3M | — | as long as short |
| Bybit LUMIAUSDT | +0.0827% | 4h | 0.08457 | +0.225% | $727K | $308K | 25x | as long as short |
Binance LUMIAUSDT
MEXC LUMIA_USDT
Aster LUMIAUSDT
Variational Omni LUMIA
BingX LUMIA-USDT
Bybit LUMIAUSDT