Funding you earn now, next payment 04:00 UTC+0.0394%/8h= +43.2% APRnext payment +$1.97 per $10,000 · paid last 24h +0.007%
Price spread now: Bybit against Gate+0.235%7-day average +0.141% · you sell dearer than you buy
Net, funding: paid 7d − costs−$744as in the Funding arb table
Net, price: spread back to 7d avg − costs−$729as in the Price arb table
costs, in and out, $10k−$7397.387% of the position
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 4 days (all we have)−0.222%−$22 · spread now +0.235%, 7d avg +0.141%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Bybit is 0.095% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.141%. Mind the row above: over the last 7 days funding on this pair cost −0.057%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.057% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.97 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 | Gate LUMIA_USDT | 0.08502 | 0.0110 | pay 0.0055% / 4h | 1m 22s | $307K | $37K | 20x |
| Short | Bybit LUMIAUSDT | 0.08522 | 0.0504 | get 0.0252% / 4h | 1m 22s | $739K | $300K | 25x |
Gate LUMIA_USDT
Bybit LUMIAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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
- $82.83
- Price spread: +0.235% → +0.141%
- $9.46
- Slippage, 4 orders
- −$712.74
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$646.44
- Costs to cover
- 7.387%
- Break-even
- 61.6 days
Slippage from Gate: live order book, 54 min ago; Bybit: live order book, 53 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 Gate live order book, 54 min ago | 9.40 bp | 235.1 bp −$235 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 53 min ago | 5.87 bp | 105.6 bp −$106 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster LUMIAUSDT | +0.0100% | 4h | 0.08501 | −0.016% | $996K | $2K | 5x | as long as short |
| Binance LUMIAUSDT | +0.0100% | 4h | 0.08505 | +0.035% | $4.9M | $1.9M | 10x | as long as short |
| MEXC LUMIA_USDT | +0.0100% | 4h | 0.08502 | 0.000% | $193K | $125K | 100x | as long as short |
| Gate LUMIA_USDTlong | +0.0110% | 4h | 0.08502 | long leg | $307K | $37K | 20x | |
| Bitget LUMIAUSDT | +0.0246% | 4h | 0.08520 | +0.212% | $2.7M | $338K | 10x | as long as short |
| Variational Omni LUMIA | +0.0387% | 4h | 0.08517 | +0.171% | $6K | $5K | — | as long as short |
| BingX LUMIA-USDT | +0.0490% | 4h | 0.08509 | +0.082% | — | $1.3M | — | as long as short |
| Bybit LUMIAUSDTshort | +0.0504% | 4h | 0.08522 | +0.235% | $739K | $300K | 25x |
Aster LUMIAUSDT
Binance LUMIAUSDT
MEXC LUMIA_USDT
Bitget LUMIAUSDT
Variational Omni LUMIA
BingX LUMIA-USDT