Funding you earn now, next payment 00:00 UTC−0.0399%/8h= −43.7% APRnext payment −$3.99 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance+0.006%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$490.491% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 2 days (all we have)−0.080%−$8 · spread now +0.006%, 7d avg −0.033%
=The price spread pays, funding is against you. Bybit is 0.039% dearer against Binance than usual: you sell high and buy low (spread +0.006% now, against its 7-day average of −0.033%): +$4 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.054% in total) that is about 5.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.054% in total (about -2.8% 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 | Binance LITEUSDT | 961.22 | 0.0399 | pay 0.0399% / 8h | 5m 06s | $13.8M | $45.1M | 25x |
| Short | Bybit LITEUSDT | 961.28 | 0 | get 0.0000% / 8h | 5m 06s | $1.9M | $1.8M | 25x |
Binance LITEUSDT
Bybit LITEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- −$83.77
- Price spread: +0.006% → −0.033%
- $3.94
- Slippage, 4 orders
- −$28.05
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$128.88
- Costs to cover
- 0.491%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; Bybit: live order book, 1 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 Binance live order book, 7 min ago | 0.73 bp | 11.4 bp −$11 | 24.5 bp −$245 | 82.6 bp −$8,257 | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.17 bp | 15.3 bp −$15 | 83.2 bp −$832 | doesn't fit | doesn't fit |
LITE on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LITE-PERP-INTX | −0.0064% | 1h | 960.78 | −0.046% | $111K | $224K | 10x | as long as short |
| BloFin LITE-USDT | −0.0014% | 8h | 961.21 | −0.001% | $223K | $236K | 20x | as long as short |
| Aster LITEUSDT | 0.0000% | 8h | 961.15 | −0.007% | $108K | $17K | 20x | as long as short |
| Bybit LITEUSDTshort | 0.0000% | 8h | 961.28 | +0.006% | $1.9M | $1.8M | 25x | |
| OKX LITE-USDT-SWAP | 0.0000% | 8h | 961.42 | +0.021% | $3.8M | $18.1M | 25x | as long as short |
| Gate LITE_USDT | 0.0000% | 8h | 961.90 | +0.071% | $8.0M | $6.2M | 50x | as long as short |
| Bitget LITEUSDT | 0.0000% | 8h | 960.78 | −0.046% | $2.8M | $3.0M | 20x | as long as short |
| SunX LITE-USDT | 0.0000% | 8h | 961.20 | −0.002% | $675 | $4.2M | 10x | as long as short |
| HTX LITE-USDT | 0.0000% | 8h | 961.38 | +0.017% | $7K | $31K | 20x | as long as short |
| Phemex LITEUSDT | 0.0000% | 8h | 961.79 | +0.059% | $1.5M | $683K | 10x | as long as short |
Coinbase International LITE-PERP-INTX
BloFin LITE-USDT
Aster LITEUSDT
OKX LITE-USDT-SWAP
Gate LITE_USDT
Bitget LITEUSDT
SunX LITE-USDT
HTX LITE-USDT
Phemex LITEUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX LITE-USD | +0.0033% | 1h | 960.92 | −0.031% | $1.1M | $5.3M | 10x | as long as short |
| Vest LITE-USD-PERP | +0.0046% | 1h | 960.78 | −0.046% | — | $3K | 10x | as long as short |
| Polymarket Perps LITE-USD | +0.0050% | 1h | 961.16 | −0.006% | $30K | $490K | 10x | as long as short |
| Ondo Perps LITE-USD.P | +0.0050% | 1h | 961.37 | +0.016% | $174K | $162K | 10x | as long as short |
| Lighter LITE | +0.0072% | 1h | 961.03 | −0.020% | $27K | $102K | 10x | as long as short |
| KuCoin LITEUSDTM | +0.0100% | 8h | 960.79 | −0.045% | $517K | $38K | 20x | as long as short |
| Orderly PERP_LITE_USDC_mythos | +0.0100% | 8h | 961.03 | −0.020% | $934 | $3K | 10x | as long as short |
| Aevo LITE-PERP | +0.0104% | 1h | 961.40 | +0.019% | — | — | 10x | as long as short |
| SoDEX LITE-USD | +0.0127% | 1h | 961.11 | −0.011% | $23K | $10K | 10x | as long as short |
| Deribit LITE_USDC-PERPETUAL | +0.0198% | 1h | 961.04 | −0.019% | $19K | $37K | 10x | as long as short |
| Variational Omni LITE | +0.0288% | 8h | 961.01 | −0.022% | $241K | $142K | — | as long as short |
| ApeX Omni LITEUSDT | +0.0381% | 1h | 960.30 | −0.096% | $16K | $265K | 50x | as long as short |
| tradeXYZ xyz:LITE | +0.0399% | 1h | 961.66 | +0.046% | $7.2M | $5.1M | 10x | as long as short |
| Binance LITEUSDTlong | +0.0399% | 8h | 961.22 | long leg | $13.8M | $45.1M | 25x | |
| Extended LITE-USD | +0.0400% | 1h | 961.02 | −0.021% | $9K | $209K | 10x | as long as short |
| GRVT LITE_USDT_Perp | +0.0460% | 8h | 961.29 | +0.007% | $654 | $225K | 10x | as long as short |
| edgeX LITEUSDC | +0.0741% | 4h | 961.14 | −0.008% | $71K | $460K | 10x | as long as short |
QFEX LITE-USD
Vest LITE-USD-PERP
Polymarket Perps LITE-USD
Ondo Perps LITE-USD.P
Lighter LITE
KuCoin LITEUSDTM
Orderly PERP_LITE_USDC_mythos
Aevo LITE-PERP
SoDEX LITE-USD
Deribit LITE_USDC-PERPETUAL
Variational Omni LITE
ApeX Omni LITEUSDT
tradeXYZ xyz:LITE
Extended LITE-USD
GRVT LITE_USDT_Perp
edgeX LITEUSDC