Funding you earn now, next payment 04:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Lighter RH against Extended+0.066%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$5as in the Price arb table
costs, in and out, $10k−$70.069% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 7 days−0.061%−$6 · spread now +0.066%, 7d avg +0.047%
=Together, before fees−0.077%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board−$8 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BTC-USD | 85,454.9 | 0.0104 | pay 0.0013% / 1h | 26m 32s | $44.7M | $230.6M | 50x |
| Short | Lighter RH BTC | 85,511.4 | 0.0096 | get 0.0012% / 1h | 26m 32s | $23.9M | $149.1M | 50x |
Extended BTC-USD
Lighter RH BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Extended. 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
- −$1.68
- Price spread: +0.066% → +0.047%
- $1.95
- Slippage, 4 orders
- −$1.94
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$6.67
- Costs to cover
- 0.069%
- Break-even
- never at this rate
Slippage from Extended: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Extended live order book, 3 min ago | 0.06 bp | 2.6 bp −$3 | 2.6 bp −$26 | 3.0 bp −$302 | 9.1 bp −$4,538 |
| Sell Lighter RH live order book, 3 min ago | 0.79 bp | 0.8 bp −$1 | 1.3 bp −$13 | 4.0 bp −$398 | 26.4 bp −$13.2K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0179% | 1h | 85,566 | +0.130% | $2.1M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,526 | +0.083% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0056% | 1h | 85,474.7 | +0.023% | $365K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0024% | 8h | 85,470.1 | +0.018% | $416.2M | $667.2M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0018% | 8h | 85,462.1 | +0.008% | $921.2M | $750.8M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 85,439.9 | −0.018% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0012% | 8h | 85,477.8 | +0.027% | $515.3M | $1.10B | 200x | as long as short |
| dYdX BTC-USD | +0.0016% | 1h | 85,497.7 | +0.050% | $16.7M | $21.3M | 50x | as long as short |
| Arcus BTC-USD | +0.0021% | 1h | 85,455.7 | +0.001% | $4.9M | $97.9M | 40x | as long as short |
| Nado BTC-PERP | +0.0027% | 1h | 85,488.8 | +0.040% | $25.1M | $222.0M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Arcus BTC-USD
Nado BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0062% | 8h | 85,481.1 | +0.031% | — | $1.55B | — | as long as short |
| Phemex BTCUSDT | +0.0074% | 8h | 85,484.5 | +0.035% | $147.4M | $487.1M | 150x | as long as short |
| Bitget BTCUSDT | +0.0077% | 8h | 85,476.2 | +0.025% | $2.94B | $5.07B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0082% | 1h | 85,433.9 | −0.025% | $6.7M | $146.7M | 40x | as long as short |
| MEXC BTC_USDT | +0.0095% | 8h | 85,478.1 | +0.027% | $5.06B | $5.63B | 500x | as long as short |
| Binance BTCUSDT | +0.0096% | 8h | 85,478.1 | +0.027% | $9.36B | $24.12B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,494.2 | +0.046% | $172.6M | $1.01B | 50x | as long as short |
| Lighter RH BTCshort | +0.0096% | 1h | 85,511.4 | +0.066% | $23.9M | $149.1M | 50x | |
| Popdex BTCUSDT | +0.0096% | 1h | 85,473 | +0.021% | $8.4M | $52.9M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,481 | +0.031% | $2.4M | $1.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,449 | −0.007% | $210K | $8.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,553.5 | +0.115% | $4.8M | $8.9M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,575 | +0.141% | $3.74B | $4.99B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,516.9 | +0.073% | $40.7M | $580.0M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,466.5 | +0.014% | $5.21B | $9.81B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,476.7 | +0.026% | $2.58B | $12.13B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,474 | +0.022% | $3.8M | $18.2M | 25x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,483.8 | +0.034% | $5.51B | $10.71B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,505.3 | +0.059% | $35.6M | $176.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,543.7 | +0.104% | $153.8M | $564.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,549.1 | +0.110% | $279.5M | $920.8M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,566.3 | +0.130% | $214.8M | $169.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,559.3 | +0.122% | $139.9M | $314.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,467 | +0.014% | $30.2M | $208.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,530 | +0.088% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,449 | −0.007% | $11.0M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,442 | −0.015% | $189K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,471.8 | +0.020% | $2.4M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,498.3 | +0.051% | $207K | $738K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,466.4 | +0.014% | $29.9M | $50.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,424.1 | −0.036% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,486 | +0.036% | $59.9M | $336.2M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,495.2 | +0.047% | $2.26B | $942.4M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,369.3 | −0.100% | $653.8M | $618.7M | 40x | as long as short |
| Extended BTC-USDlong | +0.0104% | 1h | 85,454.9 | long leg | $44.7M | $230.6M | 50x | |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,473.4 | +0.022% | — | $107.4M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,527.9 | +0.085% | $117.0M | $5.18B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0150% | 1h | 85,475 | +0.024% | $339K | $26.9M | 52x | as long as short |
| Deribit BTC-PERPETUAL | +0.0160% | 1h | 85,527.3 | +0.085% | $884.2M | $1.56B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0170% | 1h | 85,515.5 | +0.071% | $187.6M | $955.3M | 100x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,499.8 | +0.053% | $8.2M | $42.5M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0202% / S −0.0177% | 1h | 85,442 | −0.015% | $13.4M | — | 200x | as long as short |
| Aftermath Perps BTCUSD | +0.0204% | 1h | 85,506.3 | +0.060% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 85,524.8 | +0.082% | $700K | $7.9M | 30x | as long as short |
| Kalshi KXBTCPERP | +0.0218% | 8h | 85,490 | +0.041% | $10.4M | $757.0M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,452.8 | −0.002% | $502K | $18.8M | 6.7x | as long as short |
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
Reya BTCRUSDPERP
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Gate BTC_USDT
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
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Bulk BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Injective BTC/USDC PERP
Deribit BTC-PERPETUAL
Kraken Futures PF_XBTUSD
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Kalshi KXBTCPERP
Perpl BTC