Funding you earn now, next payment 08:00 UTC+0.0395%/8h= +43.2% APRnext payment +$3.95 per $10,000 · paid last 24h +0.042%
Price spread now: Binance against Bybit−0.013%7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$520.516% of the position
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 2 days (all we have)+0.082%+$8 · spread now −0.013%, 7d avg +0.033%
=Funding pays, the price is against you. Binance is 0.045% cheaper against Bybit than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.033%). If the spread goes back, that is −$5 on $10k: about 9 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.092% in total) that is about 3.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.092% in total (about 4.8% 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 LITEUSDT | 965.65 | 0 | get 0.0000% / 8h | 7h 25m | $1.9M | $1.7M | 25x |
| Short | Binance LITEUSDT | 965.53 | 0.0395 | get 0.0395% / 8h | 7h 25m | $13.9M | $44.2M | 25x |
Bybit LITEUSDT
Binance LITEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $82.87
- Price spread: −0.013% → +0.033%
- −$4.53
- Slippage, 4 orders
- −$30.56
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $26.79
- Costs to cover
- 0.516%
- Break-even
- 4.7 days
Slippage from Bybit: live order book, 1 min ago; Binance: 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 Bybit live order book, 1 min ago | 2.95 bp | 12.3 bp −$12 | 81.6 bp −$816 | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 1.03 bp | 12.3 bp −$12 | 23.1 bp −$231 | 84.9 bp −$8,491 | 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 | −0.0096% | 1h | 960.78 | −0.504% | $111K | $212K | 10x | as long as short |
| Aster LITEUSDT | 0.0000% | 8h | 965.94 | +0.030% | $108K | $17K | 20x | as long as short |
| Bybit LITEUSDTlong | 0.0000% | 8h | 965.65 | long leg | $1.9M | $1.7M | 25x | |
| OKX LITE-USDT-SWAP | 0.0000% | 8h | 965.40 | −0.026% | $3.8M | $18.0M | 25x | as long as short |
| Gate LITE_USDT | 0.0000% | 8h | 965.93 | +0.029% | $8.1M | $5.9M | 50x | as long as short |
| Bitget LITEUSDT | 0.0000% | 8h | 964.99 | −0.068% | $2.8M | $2.8M | 20x | as long as short |
| GRVT LITE_USDT_Perp | 0.0000% | 8h | 966.77 | +0.116% | $706 | $207K | 10x | as long as short |
| SunX LITE-USDT | 0.0000% | 8h | 966.60 | +0.098% | $793 | $4.0M | 10x | as long as short |
| HTX LITE-USDT | 0.0000% | 8h | 966.93 | +0.133% | $7K | $31K | 20x | as long as short |
| Phemex LITEUSDT | 0.0000% | 8h | 966.72 | +0.111% | $1.5M | $682K | 10x | as long as short |
Coinbase International LITE-PERP-INTX
Aster LITEUSDT
OKX LITE-USDT-SWAP
Gate LITE_USDT
Bitget LITEUSDT
GRVT LITE_USDT_Perp
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 | +0.0014% | 1h | 965.08 | −0.059% | $1.1M | $5.2M | 10x | as long as short |
| Deribit LITE_USDC-PERPETUAL | +0.0019% | 1h | 965.93 | +0.029% | $19K | $37K | 10x | as long as short |
| BloFin LITE-USDT | +0.0023% | 8h | 966.71 | +0.110% | $224K | $237K | 20x | as long as short |
| Lighter LITE | +0.0032% | 1h | 965.56 | −0.009% | $27K | $101K | 10x | as long as short |
| Vest LITE-USD-PERP | +0.0046% | 1h | 965.26 | −0.040% | — | $3K | 10x | as long as short |
| Polymarket Perps LITE-USD | +0.0050% | 1h | 965.16 | −0.051% | $75K | $227K | 10x | as long as short |
| Ondo Perps LITE-USD.P | +0.0050% | 1h | 965.57 | −0.008% | $176K | $155K | 10x | as long as short |
| KuCoin LITEUSDTM | +0.0100% | 8h | 965.18 | −0.049% | $521K | $38K | 20x | as long as short |
| ApeX Omni LITEUSDT | +0.0100% | 1h | 966.96 | +0.136% | $16K | $265K | 50x | as long as short |
| Orderly PERP_LITE_USDC_mythos | +0.0100% | 8h | 966.05 | +0.041% | $939 | $3K | 10x | as long as short |
| Aevo LITE-PERP | +0.0104% | 1h | 966.23 | +0.060% | — | — | 10x | as long as short |
| SoDEX LITE-USD | +0.0277% | 1h | 966.28 | +0.065% | $23K | $10K | 10x | as long as short |
| Variational Omni LITE | +0.0286% | 8h | 965.82 | +0.018% | $243K | $141K | — | as long as short |
| tradeXYZ xyz:LITE | +0.0319% | 1h | 965.19 | −0.048% | $7.3M | $5.0M | 10x | as long as short |
| Extended LITE-USD | +0.0392% | 1h | 965.46 | −0.020% | $9K | $209K | 10x | as long as short |
| Binance LITEUSDTshort | +0.0395% | 8h | 965.53 | −0.013% | $13.9M | $44.2M | 25x | |
| edgeX LITEUSDC | +0.0534% | 4h | 966.57 | +0.095% | $73K | $462K | 10x | as long as short |
QFEX LITE-USD
Deribit LITE_USDC-PERPETUAL
BloFin LITE-USDT
Lighter LITE
Vest LITE-USD-PERP
Polymarket Perps LITE-USD
Ondo Perps LITE-USD.P
KuCoin LITEUSDTM
ApeX Omni LITEUSDT
Orderly PERP_LITE_USDC_mythos
Aevo LITE-PERP
SoDEX LITE-USD
Variational Omni LITE
tradeXYZ xyz:LITE
Extended LITE-USD
edgeX LITEUSDC