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

BTC

all BTC markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 22:00 UTC+0.0161%/8h= +17.6% APRnext payment +$0.20 per $10,000 · paid last 24h +0.033%
Price spread now: Lighter RH against dYdX+0.023%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs+$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$140.144% of the position
Long on dYdXShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 7 days+0.159%+$16 on $10k
Price spread, last 7 days−0.047%−$5 · spread now +0.023%, 7d avg +0.013%
Together, before fees+0.111%+ Points / potential airdropLighter RH: Points live · farm board+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX BTC-USD86,773.8−0.0065get 0.0008% / 1h20m 15s$17.6M$20.6M50x
ShortLighter RH BTC86,7940.0096get 0.0012% / 1h20m 15s$24.2M$154.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against dYdX. 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
$33.81
Price spread: +0.023% → +0.013%
$1.02
Slippage, 4 orders
−$4.37
Fee dYdX: 5 bp × 2 orders
−$10
Fee Lighter RH: 0 bp × 2 orders
$0
Net
$20.46
Costs to cover
0.144%
Break-even
2.8 days
Slippage from dYdX: live order book, 4 min ago; Lighter RH: live order book, 4 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 dYdX live order book, 4 min ago0.23 bp6.3 bp −$611.8 bp −$11814.9 bp −$1,49022.2 bp −$11.1K
Sell Lighter RH live order book, 4 min ago0.44 bp0.4 bp $00.9 bp −$93.4 bp −$33826.1 bp −$13.1K

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
Aftermath Perps BTCUSD−0.0238%1h86,747.2−0.031%$85K$188K20xas long as short
Perpl BTC−0.0223%43m86,781.5+0.009%$429K$24.8M6.7xas long as short
Phoenix BTC−0.0103%1h86,781+0.008%$2.2M$12.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,764−0.011%$9K$3K50xas long as short
dYdX BTC-USDlong−0.0065%1h86,773.8long leg$17.6M$20.6M50x
01 Exchange BTCUSD0.0000%1h86,786.4+0.015%$364K$2.4M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,809.1+0.041%$933.0M$1.45B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,792.6+0.022%$36.9M—200xas long as short
KuCoin XBTUSDTM+0.0005%8h86,757.6−0.019%$849.6M$707.3M125xas long as short
Aster BTCUSDT+0.0009%8h86,760.3−0.016%$506.7M$1.16B200xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0021%1h86,753.9−0.023%$6.7M$144.4M40xas long as short
Phemex BTCUSDT+0.0023%8h86,770−0.004%$150.2M$471.8M150xas long as short
BingX BTC-USDT+0.0026%8h86,772.5−0.001%—$1.60B—as long as short
Bitget BTCUSDT+0.0035%8h86,769.9−0.004%$2.96B$5.08B150xas long as short
Injective BTC/USDC PERP+0.0049%1h86,639−0.155%$315K$26.8M52xas long as short
Aevo BTC-PERP+0.0056%1h86,771.1−0.003%$2.4M$1.3M20xas long as short
MEXC BTC_USDT+0.0059%8h86,763.2−0.012%$5.20B$5.70B500xas long as short
Binance BTCUSDT+0.0059%8h86,784+0.012%$9.44B$24.35B150xas long as short
RISEx BTC/USDC+0.0063%1h86,772.1−0.002%$9.2M$41.8M25xas long as short
Gate BTC_USDT+0.0081%8h86,773.70.000%$5.86B$10.67B200xas long as short
OKX BTC-USDT-SWAP+0.0084%8h86,798+0.028%$2.56B$12.75B100xas long as short
Bybit BTCUSDT+0.0085%8h86,779.3+0.006%$5.29B$9.71B150xas long as short
Lighter BTC+0.0096%1h86,790.7+0.019%$171.9M$1.02B50xas long as short
Lighter RH BTCshort+0.0096%1h86,794+0.023%$24.2M$154.0M50x
Popdex BTCUSDT+0.0096%1h86,760−0.016%$8.5M$52.3M100xas long as short
Katana Perps BTC-USD+0.0100%8h86,751−0.026%$201K$6.8M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,809.6+0.041%$4.8M$8.2M50xas long as short
Nado BTC-PERP+0.0100%1h86,765.8−0.009%$21.8M$235.6M50xas long as short
Hyperliquid BTC+0.0100%1h86,835+0.071%$3.82B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,795.5+0.025%$41.0M$492.6M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,762−0.014%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,828.5+0.063%$7.5M$94.7M40xas long as short
Bulk BTC-USD+0.0100%1h86,792.1+0.021%$573.3M$22.0M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,768.7−0.006%$38.1M$148.5M75xas long as short
Variational Omni BTC+0.0100%8h86,754.4−0.022%$159.6M$567.2M—as long as short
edgeX BTCUSDC+0.0100%4h86,783.9+0.012%$280.3M$951.8M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,756.8−0.020%$217.9M$187.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,768.2−0.006%$141.6M$322.5M100xas long as short
StandX BTC-USD+0.0100%1h86,768−0.007%$30.8M$204.7M40xas long as short
Vest BTC-PERP+0.0100%1h86,821.6+0.055%—$11.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,761−0.015%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,770−0.004%$198K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,783.4+0.011%$2.5M$8.5M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,796.2+0.026%$141K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,780+0.007%$30.1M$61.8M15xas long as short
SunX BTC-USDT+0.0100%8h86,770.9−0.003%$3.4M$5.5M100xas long as short
SoDEX BTC-USD+0.0100%1h86,772−0.002%$60.6M$336.5M40xas long as short
HTX BTC-USDT+0.0100%8h86,762−0.014%$2.30B$959.1M200xas long as short
Extended BTC-USD+0.0104%1h86,760.4−0.015%$46.3M$226.9M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,788.9+0.017%—$98.9M500xas long as short
Kraken Futures PF_XBTUSD+0.0116%1h86,812.8+0.045%$188.0M$933.7M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,825.4+0.059%$132.2M$5.86B50xas long as short
Kalshi KXBTCPERP+0.0146%8h86,804+0.035%$9.6M$727.0M6.4xas long as short
BloFin BTC-USDT+0.0179%8h86,760.2−0.016%$415.6M$655.3M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0209%1h86,786.7+0.015%$15.0M—200xas long as short
Hibachi BTC/USDT-P+0.0216%1h86,785.5+0.013%$705K$7.3M30xas long as short