Funding you earn now, next payment 08:00 UTC−0.0798%/8h= −87.4% APRnext payment −$3.99 per $10,000 · paid last 24h −0.044%
Price spread now: Gate against Bybit−0.024%7-day average −0.140% · you buy dearer than you sell
Net, funding: paid 7d − costs−$587as in the Funding arb table
Net, price: spread back to 7d avg − costs−$579as in the Price arb table
costs, in and out, $10k−$5915.911% of the position
Funding, last 7 days+0.037%+$4 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now −0.024%, 7d avg −0.140%
=The price spread pays, funding is against you. Gate is 0.116% dearer against Bybit than usual: you sell high and buy low (spread −0.024% now, against its 7-day average of −0.140%): +$12 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 12 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.037% in total (about 1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.99 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 | 0.08412 | 0.0898 | pay 0.0449% / 4h | 41m 19s | $724K | $297K | 25x |
| Short | Gate LUMIA_USDT | 0.08410 | 0.0100 | get 0.0050% / 4h | 41m 19s | $305K | $38K | 20x |
Bybit LUMIAUSDT
Gate LUMIA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$167.61
- Price spread: −0.024% → −0.140%
- $11.63
- Slippage, 4 orders
- −$565.09
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$747.06
- Costs to cover
- 5.911%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 58 min ago; Gate: live order book, 59 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, 58 min ago | 5.93 bp | 112.6 bp −$113 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 59 min ago | 7.72 bp | 201.7 bp −$202 | 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 | 0.08406 | −0.071% | $4.8M | $1.9M | 10x | as long as short |
| Gate LUMIA_USDTshort | +0.0100% | 4h | 0.08410 | −0.024% | $305K | $38K | 20x | |
| MEXC LUMIA_USDT | +0.0100% | 4h | 0.08408 | −0.048% | $184K | $123K | 100x | as long as short |
| Aster LUMIAUSDT | +0.0379% | 4h | 0.08408 | −0.050% | $986K | $2K | 5x | as long as short |
| Variational Omni LUMIA | +0.0632% | 4h | 0.08450 | +0.456% | $6K | $5K | — | as long as short |
| Bitget LUMIAUSDT | +0.0732% | 4h | 0.08407 | −0.059% | $2.7M | $343K | 10x | as long as short |
| BingX LUMIA-USDT | +0.0834% | 4h | 0.08412 | 0.000% | — | $1.3M | — | as long as short |
| Bybit LUMIAUSDTlong | +0.0898% | 4h | 0.08412 | long leg | $724K | $297K | 25x |
Binance LUMIAUSDT
MEXC LUMIA_USDT
Aster LUMIAUSDT
Variational Omni LUMIA
Bitget LUMIAUSDT
BingX LUMIA-USDT