Funding you earn now, next payment 04:00 UTC−0.0200%/8h= −21.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.025%
Price spread now: Bitget against Bybit−0.175%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$317as in the Funding arb table
Net, price: spread back to 7d avg − costs−$329as in the Price arb table
costs, in and out, $10k−$3163.162% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.175%, 7d avg −0.045%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.130% cheaper against Bybit than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.045%). Swap the legs.
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 −$1.00 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 | Bybit LUMIAUSDT | 0.08557 | 0.0516 | pay 0.0258% / 4h | 47m 36s | $744K | $292K | 25x |
| Short | Bitget LUMIAUSDT | 0.08542 | 0.0316 | get 0.0158% / 4h | 47m 36s | $2.7M | $335K | 10x |
Bybit LUMIAUSDT
Bitget LUMIAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. 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
- −$41.92
- Price spread: −0.175% → −0.045%
- −$13.05
- Slippage, 4 orders
- −$293.2
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$371.17
- Costs to cover
- 3.162%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 7 min ago; Bitget: live order book, 5 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 Bybit live order book, 7 min ago | 5.87 bp | 113.2 bp −$113 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 5.85 bp | 41.2 bp −$41 | 442.4 bp −$4,424 | 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 | 0.08528 | −0.339% | $4.9M | $1.8M | 10x | as long as short |
| MEXC LUMIA_USDT | +0.0100% | 4h | 0.08522 | −0.409% | $194K | $122K | 100x | as long as short |
| Aster LUMIAUSDT | +0.0133% | 4h | 0.08523 | −0.397% | $999K | $2K | 5x | as long as short |
| Bitget LUMIAUSDTshort | +0.0316% | 4h | 0.08542 | −0.175% | $2.7M | $335K | 10x | |
| Variational Omni LUMIA | +0.0375% | 4h | 0.08548 | −0.105% | $6K | $5K | — | as long as short |
| Gate LUMIA_USDT | +0.0400% | 4h | 0.08526 | −0.362% | $308K | $36K | 20x | as long as short |
| BingX LUMIA-USDT | +0.0458% | 4h | 0.08530 | −0.316% | — | $1.3M | — | as long as short |
| Bybit LUMIAUSDTlong | +0.0516% | 4h | 0.08557 | long leg | $744K | $292K | 25x |
Binance LUMIAUSDT
MEXC LUMIA_USDT
Aster LUMIAUSDT
Variational Omni LUMIA
Gate LUMIA_USDT
BingX LUMIA-USDT