Settings8H · net · $10k
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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h +0.007%
Price spread now: Lighter RH against Aevo+0.047%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$230.231% of the position
Long on AevoShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 7 days+0.042%+$4 on $10k
Price spread, last 3 days (all we have)−0.014%−$1 · spread now +0.047%, 7d avg +0.037%
Together, before fees+0.028%+ Points / potential airdropLighter RH: Points live · farm board+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.037%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo BTC-PERP86,5430.0072pay 0.0009% / 1h1m 39s$2.5M$1.4M20x
ShortLighter RH BTC86,583.80.0096get 0.0012% / 1h1m 39s$23.8M$153.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against Aevo. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$5.04
Price spread: +0.047% → +0.037%
$1.06
Slippage, 4 orders
−$7.07
Fee Aevo: 8 bp × 2 orders
−$16
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$16.97
Costs to cover
0.231%
Break-even
30.6 days
Slippage from Aevo: live order book, 3 min ago; Lighter RH: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 3 min ago1.48 bp9.6 bp −$1010.9 bp −$109doesn't fitdoesn't fit
Sell Lighter RH live order book, 3 min ago0.05 bp1.4 bp −$11.7 bp −$173.5 bp −$35126.8 bp −$13.4K

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix BTC−0.0118%1h86,570+0.031%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,550+0.008%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,605+0.072%$333K$26.9M52xas long as short
RISEx BTC/USDC−0.0024%1h86,579.5+0.042%$8.3M$42.8M25xas long as short
01 Exchange BTCUSD−0.0016%1h86,560.6+0.020%$360K$2.4M50xas long as short
Perpl BTC0.0000%43m86,575.8+0.038%$411K$22.4M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,565.4+0.026%$37.0M—200xas long as short
Aster BTCUSDT+0.0014%8h86,564.5+0.025%$502.1M$1.15B200xas long as short
KuCoin XBTUSDTM+0.0026%8h86,568.1+0.029%$834.9M$728.5M125xas long as short
Reya BTCRUSDPERP+0.0038%1h86,551.8+0.010%$6.7M$145.6M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTC-USDT+0.0045%8h86,569.6+0.031%—$1.59B—as long as short
Phemex BTCUSDT+0.0055%8h86,556.8+0.016%$152.0M$478.8M150xas long as short
Bitget BTCUSDT+0.0057%8h86,566.1+0.027%$2.97B$5.12B150xas long as short
dYdX BTC-USD+0.0062%1h86,559.6+0.019%$17.0M$21.2M50xas long as short
Aevo BTC-PERPlong+0.0072%1h86,543long leg$2.5M$1.4M20x
MEXC BTC_USDT+0.0076%8h86,564.8+0.025%$5.16B$5.70B500xas long as short
Binance BTCUSDT+0.0076%8h86,566.2+0.027%$9.45B$24.55B150xas long as short
Gate BTC_USDT+0.0082%8h86,566.1+0.027%$5.85B$10.82B200xas long as short
Lighter BTC+0.0096%1h86,580.9+0.044%$170.0M$1.02B50xas long as short
Lighter RH BTCshort+0.0096%1h86,583.8+0.047%$23.8M$153.3M50x
Popdex BTCUSDT+0.0096%1h86,554+0.013%$8.5M$52.3M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,547+0.005%$196K$7.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,608.3+0.075%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,550+0.008%$21.8M$234.0M50xas long as short
Hyperliquid BTC+0.0100%1h86,643+0.116%$3.80B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,597.7+0.063%$41.1M$538.1M50xas long as short
Bybit BTCUSDT+0.0100%8h86,566.1+0.027%$5.27B$9.79B150xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,582.1+0.045%$2.55B$12.75B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,568+0.029%$3.9M$18.3M25xas long as short
Arcus BTC-USD+0.0100%1h86,597.3+0.063%$7.0M$96.7M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,560.3+0.020%$38.0M$155.8M75xas long as short
Variational Omni BTC+0.0100%8h86,474−0.080%$157.6M$567.5M—as long as short
edgeX BTCUSDC+0.0100%4h86,494.6−0.056%$279.4M$947.7M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,495.7−0.055%$217.1M$171.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,506.3−0.042%$141.8M$323.3M100xas long as short
StandX BTC-USD+0.0100%1h86,564.6+0.025%$30.7M$207.4M40xas long as short
Vest BTC-PERP+0.0100%1h86,595.7+0.061%—$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,548+0.006%$11.1M$14.0M50xas long as short
Bullet BTC-USD+0.0100%1h86,551.5+0.010%$194K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,544.4+0.002%$2.5M$9.3M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,584.9+0.048%$141K$663K40xas long as short
Derive BTC-PERP+0.0100%1h86,580.9+0.044%$30.5M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,547+0.005%$3.4M$5.3M100xas long as short
SoDEX BTC-USD+0.0100%1h86,548+0.006%$60.4M$338.0M40xas long as short
HTX BTC-USDT+0.0100%8h86,536.1−0.008%$2.30B$968.6M200xas long as short
Bulk BTC-USD+0.0100%1h86,452.9−0.104%$572.2M$12.3M40xas long as short
Extended BTC-USD+0.0104%1h86,549.2+0.007%$45.8M$225.0M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,570.3+0.032%—$100.0M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,589.9+0.054%$193.6M$953.0M100xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,603.9+0.070%$132.2M$5.64B50xas long as short
Aftermath Perps BTCUSD+0.0162%1h86,546+0.003%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0184%1h86,594+0.059%$717K$8.1M30xas long as short
BloFin BTC-USDT+0.0195%8h86,572.2+0.034%$415.4M$659.9M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0201% / S −0.0225%1h86,562.2+0.022%$15.0M—200xas long as short
Kalshi KXBTCPERP+0.0210%8h86,582+0.045%$10.3M$755.2M6.4xas long as short
Deribit BTC-PERPETUAL+0.0278%1h86,603.5+0.070%$912.9M$1.49B50xas long as short