Funding you earn now, next payment 12:00 UTC−0.0791%/8h= −86.6% APRnext payment −$3.95 per $10,000 · paid last 24h −0.078%
Price spread now: MEXC against Bybit−0.283%7-day average −0.184% · you buy dearer than you sell
Net, funding: paid 7d − costs−$259as in the Funding arb table
Net, price: spread back to 7d avg − costs−$253as in the Price arb table
costs, in and out, $10k−$2432.435% of the position
Funding, last 7 days−0.152%−$15 on $10k
+Price spread, last 4 days (all we have)+0.361%+$36 · spread now −0.283%, 7d avg −0.184%
=Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and MEXC is 0.099% cheaper against Bybit than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.184%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.152% in total (about -7.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.95 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 | 0.08482 | 0.0891 | pay 0.0445% / 4h | 2h 58m | $730K | $285K | 25x |
| Short | MEXC LUMIA_USDT | 0.08458 | 0.0100 | get 0.0050% / 4h | 2h 58m | $189K | $121K | 100x |
Bybit LUMIAUSDT
MEXC LUMIA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$166.03
- Price spread: −0.283% → −0.184%
- −$9.92
- Slippage, 4 orders
- −$228.47
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$419.41
- Costs to cover
- 2.435%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 31 min ago; MEXC: live order book, 7 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, 31 min ago | 4.76 bp | 106.1 bp −$106 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 7 min ago | 4.13 bp | 19.2 bp −$19 | 61.4 bp −$614 | 195.4 bp −$19.5K | 492.8 bp −$246.4K |
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 | 0.08464 | −0.207% | $4.9M | $1.8M | 10x | as long as short |
| MEXC LUMIA_USDTshort | +0.0100% | 4h | 0.08458 | −0.283% | $189K | $121K | 100x | |
| Aster LUMIAUSDT | +0.0412% | 4h | 0.08479 | −0.033% | $994K | $2K | 5x | as long as short |
| Variational Omni LUMIA | +0.0684% | 4h | 0.08496 | +0.164% | $6K | $5K | — | as long as short |
| Gate LUMIA_USDT | +0.0796% | 4h | 0.08492 | +0.118% | $306K | $38K | 20x | as long as short |
| Bybit LUMIAUSDTlong | +0.0891% | 4h | 0.08482 | long leg | $730K | $285K | 25x | |
| Bitget LUMIAUSDT | +0.0892% | 4h | 0.08477 | −0.059% | $2.7M | $314K | 10x | as long as short |
| BingX LUMIA-USDT | +0.1038% | 4h | 0.08471 | −0.130% | — | $1.3M | — | as long as short |
Binance LUMIAUSDT
Aster LUMIAUSDT
Variational Omni LUMIA
Gate LUMIA_USDT
Bitget LUMIAUSDT
BingX LUMIA-USDT