Funding you earn now, next payment 08:00 UTC+0.0092%/8h= +10.0% APRnext payment +$0.11 per $10,000 · paid last 24h +0.030%
Price spread now: Lighter against dYdX+0.050%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$500.505% of the position
Funding, last 7 days+0.153%+$15 on $10k
+Price spread, last 7 days−0.071%−$7 · spread now +0.050%, 7d avg +0.014%
=Together, before fees+0.082%+ Points / potential airdropLighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.036% dearer against dYdX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX BTC-USD | 85,390.6 | 0.0004 | pay 0.0001% / 1h | 41m 55s | $16.7M | $21.0M | 50x |
| Short | Lighter BTC | 85,433.5 | 0.0096 | get 0.0012% / 1h | 41m 55s | $169.1M | $1.01B | 50x |
dYdX BTC-USD
Lighter BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against dYdX. 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
- $19.25
- Price spread: +0.050% → +0.014%
- $3.62
- Slippage, 4 orders
- −$40.46
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$27.59
- Costs to cover
- 0.505%
- Break-even
- 17.0 days
Slippage from dYdX: live order book, 2 min ago; Lighter: live order book, 7 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 dYdX live order book, 2 min ago | 9.78 bp | 14.8 bp −$15 | 32.0 bp −$320 | 47.2 bp −$4,719 | 73.6 bp −$36.8K |
| Sell Lighter live order book, 7 min ago | 0.17 bp | 0.2 bp $0 | 0.2 bp −$2 | 1.0 bp −$102 | 3.4 bp −$1,715 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,414 | +0.027% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,472 | +0.095% | $2.3M | $10.8M | 40x | as long as short |
| KuCoin XBTUSDTM | −0.0025% | 8h | 85,410.9 | +0.024% | $931.8M | $775.2M | 125x | as long as short |
| BloFin BTC-USDT | −0.0022% | 8h | 85,380.7 | −0.012% | $420.7M | $682.4M | 150x | as long as short |
| Aster BTCUSDT | −0.0005% | 8h | 85,413.5 | +0.027% | $512.3M | $1.08B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,409.3 | +0.022% | $348K | $2.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,445.8 | +0.065% | $467K | $18.3M | 6.7x | as long as short |
| dYdX BTC-USDlong | +0.0004% | 1h | 85,390.6 | long leg | $16.7M | $21.0M | 50x | |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,432.2 | +0.049% | $36.5M | — | 200x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,432.3 | +0.049% | $185.8M | $952.5M | 100x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
Kraken Futures PF_XBTUSDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni BTCUSDT | +0.0066% | 1h | 85,421.4 | +0.036% | $139.6M | $312.8M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,367 | −0.028% | $338K | $24.6M | 52x | as long as short |
| BingX BTC-USDT | +0.0067% | 8h | 85,417.1 | +0.031% | — | $1.57B | — | as long as short |
| Nado BTC-PERP | +0.0081% | 1h | 85,371.1 | −0.023% | $24.1M | $220.1M | 50x | as long as short |
| Bybit BTCUSDT | +0.0084% | 8h | 85,411.9 | +0.025% | $5.14B | $9.98B | 150x | as long as short |
| Bitget BTCUSDT | +0.0092% | 8h | 85,417.9 | +0.032% | $2.97B | $5.18B | 150x | as long as short |
| Lighter BTCshort | +0.0096% | 1h | 85,433.5 | +0.050% | $169.1M | $1.01B | 50x | |
| Lighter RH BTC | +0.0096% | 1h | 85,430 | +0.046% | $23.6M | $148.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,402 | +0.013% | $8.4M | $57.4M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,420.1 | +0.035% | $2.4M | $6.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0097% | 8h | 85,419.4 | +0.034% | $5.05B | $5.73B | 500x | as long as short |
| Binance BTCUSDT | +0.0098% | 8h | 85,421.1 | +0.036% | $9.42B | $25.01B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,375 | −0.018% | $272K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,434.5 | +0.051% | $5.8M | $9.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,503.8 | +0.133% | $3.75B | $5.07B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,424.6 | +0.040% | $40.1M | $605.5M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,418.9 | +0.033% | $2.60B | $12.22B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,399 | +0.010% | $3.9M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,409.9 | +0.023% | $4.7M | $96.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,349 | −0.049% | $691.7M | $275.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,422.8 | +0.038% | $5.53B | $11.03B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,416.5 | +0.030% | $37.3M | $185.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,426.4 | +0.042% | $156.0M | $554.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,436.8 | +0.054% | $283.3M | $959.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,426.5 | +0.042% | $214.4M | $159.5M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,395.3 | +0.005% | $30.1M | $209.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,478.6 | +0.103% | — | $10.1M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,431 | +0.047% | $11.0M | $14.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,426 | +0.041% | $198K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,421.7 | +0.036% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,462.6 | +0.084% | $194K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,399.5 | +0.010% | $30.0M | $45.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,386.9 | −0.004% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,420 | +0.034% | $59.8M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,425 | +0.040% | $2.26B | $966.9M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,430.3 | +0.046% | $159.2M | $514.4M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,395.2 | +0.005% | $45.5M | $241.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,410.4 | +0.023% | — | $106.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,455 | +0.075% | $112.2M | $5.48B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0134% | 1h | 85,463.6 | +0.085% | $840.7M | $1.66B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0138% | 1h | 85,415.8 | +0.029% | $6.6M | $146.3M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0173% | 8h | 85,410 | +0.023% | $12.0M | $736.5M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,450 | +0.070% | $8.8M | $42.8M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0147% | 1h | 85,432.1 | +0.049% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 85,445.2 | +0.064% | $684K | $7.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0293% | 1h | 85,458.6 | +0.080% | $79K | $252K | 20x | as long as short |
ApeX Omni BTCUSDT
Injective BTC/USDC PERP
BingX BTC-USDT
Nado BTC-PERP
Bybit BTCUSDT
Bitget BTCUSDT
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Reya BTCRUSDPERP
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD