Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.006%
Price spread now: Lighter RH against Binance−0.128%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$110.112% of the position
Funding, last 7 days+0.039%+$4 on $10k
+Price spread, last 7 days+0.116%+$12 · spread now −0.128%, 7d avg +0.010%
=Together, before fees+0.155%+ Points / potential airdropLighter RH: Points live · farm board+$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.137% cheaper against Binance than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BTCUSDT | 86,068.6 | 0.0100 | pay 0.0100% / 8h | 7h 16m | $9.43B | $23.20B | 150x |
| Short | Lighter RH BTC | 85,958.5 | 0.0096 | get 0.0012% / 1h | 16m 16s | $23.2M | $136.5M | 50x |
Binance BTCUSDT
Lighter RH BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$0.84
- Price spread: −0.128% → +0.010%
- −$13.74
- Slippage, 4 orders
- −$1.21
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$25.8
- Costs to cover
- 0.112%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 13 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.0 bp −$502 | 6.8 bp −$3,396 |
| Sell Lighter RH live order book, 3 min ago | 0.41 bp | 0.6 bp −$1 | 1.4 bp −$14 | 3.3 bp −$331 | 27.3 bp −$13.6K |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0549% | 1h | 86,121.7 | +0.062% | $195K | $684K | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,949 | −0.139% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,950 | −0.138% | $424.0M | $623.5M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 85,981.2 | −0.102% | $354K | $2.1M | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0006% | 1h | 85,924 | −0.168% | $308K | $26.8M | 52x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,960 | −0.126% | $36.8M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0025% | 8h | 86,044 | −0.029% | $925.2M | $687.1M | 125x | as long as short |
| Aster BTCUSDT | +0.0043% | 8h | 86,063.5 | −0.006% | $506.5M | $995.3M | 200x | as long as short |
| dYdX BTC-USD | +0.0044% | 1h | 85,967.8 | −0.117% | $16.8M | $19.5M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0068% | 1h | 86,088.9 | +0.024% | $188.5M | $874.1M | 100x | as long as short |
Bluefin BTC-PERP
Hotstuff BTC-PERP
BloFin BTC-USDT
01 Exchange BTCUSD
Injective BTC/USDC PERP
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Aster BTCUSDT
dYdX BTC-USD
Kraken Futures PF_XBTUSDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | +0.0075% | 1h | 85,933 | −0.158% | $2.3M | $10.4M | 40x | as long as short |
| BingX BTC-USDC | +0.0080% | 8h | 86,044.4 | −0.028% | — | $17.1M | — | as long as short |
| Nado BTC-PERP | +0.0086% | 1h | 85,974.1 | −0.110% | $22.4M | $210.2M | 50x | as long as short |
| Bybit BTCUSDT | +0.0089% | 8h | 86,066.3 | −0.003% | $5.11B | $9.17B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,078.6 | +0.012% | $173.1M | $960.0M | 50x | as long as short |
| Lighter RH BTCshort | +0.0096% | 1h | 85,958.5 | −0.128% | $23.2M | $136.5M | 50x | |
| Popdex BTCUSDT | +0.0096% | 1h | 85,974 | −0.110% | $8.8M | $52.3M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 86,068.5 | 0.000% | $2.4M | $6.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,966 | −0.119% | $249K | $8.3M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,008.6 | −0.070% | $5.8M | $9.0M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,991.2 | −0.090% | $40.4M | $591.1M | 50x | as long as short |
| Binance BTCUSDTlong | +0.0100% | 8h | 86,068.6 | long leg | $9.43B | $23.20B | 150x | |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,074.1 | +0.006% | $2.61B | $10.86B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,977 | −0.106% | $3.9M | $16.5M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,988.7 | −0.093% | $4.7M | $95.2M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 86,078.4 | +0.011% | $5.50B | $10.09B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 86,072.6 | +0.005% | $5.10B | $5.83B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 86,074.1 | +0.006% | $2.99B | $4.62B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,948.3 | −0.140% | $37.8M | $187.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,817.8 | −0.291% | $156.4M | $529.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,822.2 | −0.286% | $287.2M | $971.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,846.1 | −0.259% | $215.6M | $155.7M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,826.9 | −0.281% | $137.1M | $305.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,905.6 | −0.189% | $30.3M | $214.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,091.9 | +0.027% | — | $9.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,057 | −0.013% | $11.0M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,074.6 | +0.007% | $211K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,066.5 | −0.002% | $2.6M | $9.4M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,444.6 | −0.725% | $28.8M | $52.4M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,971.6 | −0.113% | $3.1M | $7.0M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,064 | −0.005% | $60.2M | $258.0M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,065 | −0.004% | $2.27B | $916.0M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 86,072.8 | +0.005% | $167.2M | $500.6M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,869.6 | −0.231% | $707.4M | $169.5M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,043 | −0.030% | $46.4M | $225.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,990.2 | −0.091% | — | $94.3M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,111 | +0.049% | $112.7M | $5.33B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0152% | 1h | 85,897.3 | −0.199% | $6.6M | $134.6M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0153% | 1h | 86,112.8 | +0.051% | $830.1M | $1.61B | 50x | as long as short |
| Hyperliquid BTC | +0.0156% | 1h | 86,129 | +0.070% | $3.88B | $4.77B | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0189% | 8h | 85,942 | −0.147% | $11.0M | $726.4M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,967.7 | −0.117% | $9.0M | $40.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0198% / S −0.0174% | 1h | 85,957.3 | −0.129% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0328% | 1h | 85,948 | −0.140% | $698K | $7.4M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0363% | 1h | 85,841.8 | −0.264% | $81K | $256K | 20x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,922.7 | −0.170% | $481K | $17.0M | 6.7x | as long as short |
Phoenix BTC
BingX BTC-USDC
Nado BTC-PERP
Bybit BTCUSDT
Lighter BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Bitget BTCUSDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
Hyperliquid BTC
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Perpl BTC