Funding you earn now, next payment 08:00 UTC−0.0210%/8h= −23.0% APRnext payment −$1.05 per $10,000 · paid last 24h −0.011%
Price spread now: MEXC against Bitget−0.284%7-day average −0.137% · you buy dearer than you sell
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1331.330% of the position
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 4 days (all we have)+0.303%+$30 · spread now −0.284%, 7d avg −0.137%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and MEXC is 0.147% cheaper against Bitget than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.137%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.100% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.05 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 | 0.08458 | 0.0310 | pay 0.0155% / 4h | 2h 14m | $2.7M | $341K | 10x |
| Short | MEXC LUMIA_USDT | 0.08434 | 0.0100 | get 0.0050% / 4h | 2h 14m | $185K | $126K | 100x |
Bitget LUMIAUSDT
MEXC LUMIA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$44.1
- Price spread: −0.284% → −0.137%
- −$14.72
- Slippage, 4 orders
- −$116.99
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$191.81
- Costs to cover
- 1.330%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; MEXC: live order book, 6 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 | 5.32 bp | 34.7 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 6 min ago | 2.37 bp | 40.9 bp −$41 | 76.1 bp −$761 | 202.1 bp −$20.2K | 498.2 bp −$249.1K |
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 | 0.08435 | −0.273% | $989K | $2K | 5x | as long as short |
| Binance LUMIAUSDT | +0.0100% | 4h | 0.08434 | −0.284% | $4.8M | $2.0M | 10x | as long as short |
| Gate LUMIA_USDT | +0.0100% | 4h | 0.08426 | −0.378% | $304K | $38K | 20x | as long as short |
| MEXC LUMIA_USDTshort | +0.0100% | 4h | 0.08434 | −0.284% | $185K | $126K | 100x | |
| Bitget LUMIAUSDTlong | +0.0310% | 4h | 0.08458 | long leg | $2.7M | $341K | 10x | |
| Variational Omni LUMIA | +0.0317% | 4h | 0.08452 | −0.076% | $6K | $5K | — | as long as short |
| BingX LUMIA-USDT | +0.0594% | 4h | 0.08444 | −0.166% | — | $1.3M | — | as long as short |
| Bybit LUMIAUSDT | +0.0630% | 4h | 0.08452 | −0.071% | $726K | $306K | 25x | as long as short |
Aster LUMIAUSDT
Binance LUMIAUSDT
Gate LUMIA_USDT
Variational Omni LUMIA
BingX LUMIA-USDT
Bybit LUMIAUSDT