Funding you earn now, next payment 22:00 UTC+0.0176%/8h= +19.3% APRnext payment +$0.22 per $10,000 · paid last 24h +0.053%
Price spread now: Lighter against Hotstuff+0.105%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHotstuff: Active · Lighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.105% dearer against Hotstuff than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff BTC-PERP | 86,514 | −0.0080 | get 0.0010% / 1h | 36m 34s | $9K | $3K | 50x |
| Short | Lighter BTC | 86,604.7 | 0.0096 | get 0.0012% / 1h | 36m 34s | $172.0M | $1.01B | 50x |
Hotstuff BTC-PERP
Lighter BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Hotstuff. 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
- $36.96
- Price spread: +0.105% → 0.000%
- $10.48
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $42.44
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Hotstuff: no order-book sample; Lighter: live order book, 8 min ago. Net counts fees only.
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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 8 min ago | 0.52 bp | 0.5 bp −$1 | 0.6 bp −$6 | 1.5 bp −$148 | 4.1 bp −$2,066 |
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0223% | 43m | 86,671.9 | +0.183% | $428K | $24.9M | 6.7x | as long as short |
| Aftermath Perps BTCUSD | −0.0221% | 1h | 86,625.7 | +0.129% | $85K | $188K | 20x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,539 | +0.029% | $2.2M | $12.4M | 40x | as long as short |
| dYdX BTC-USD | −0.0091% | 1h | 86,632.9 | +0.137% | $17.6M | $20.5M | 50x | as long as short |
| Hotstuff BTC-PERPlong | −0.0080% | 1h | 86,514 | long leg | $9K | $3K | 50x | |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,611 | +0.112% | $361K | $2.4M | 50x | as long as short |
| KuCoin XBTUSDTM | 0.0000% | 8h | 86,595.1 | +0.094% | $844.2M | $706.4M | 125x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,681.9 | +0.194% | $936.1M | $1.43B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,684.9 | +0.198% | $36.7M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0010% | 8h | 86,580.9 | +0.077% | $505.6M | $1.16B | 200x | as long as short |
Perpl BTC
Aftermath Perps BTCUSD
Phoenix BTC
dYdX BTC-USD
01 Exchange BTCUSD
KuCoin XBTUSDTM
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,659.3 | +0.168% | $6.8M | $144.3M | 40x | as long as short |
| BingX BTC-USDT | +0.0022% | 8h | 86,581.1 | +0.078% | — | $1.59B | — | as long as short |
| Phemex BTCUSDT | +0.0024% | 8h | 86,640.7 | +0.146% | $149.7M | $470.8M | 150x | as long as short |
| Bitget BTCUSDT | +0.0028% | 8h | 86,575.9 | +0.072% | $2.94B | $5.07B | 150x | as long as short |
| Aevo BTC-PERP | +0.0048% | 1h | 86,660.8 | +0.170% | $2.4M | $1.3M | 20x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,732 | +0.252% | $315K | $26.8M | 52x | as long as short |
| MEXC BTC_USDT | +0.0050% | 8h | 86,588.1 | +0.086% | $5.18B | $5.66B | 500x | as long as short |
| Binance BTCUSDT | +0.0051% | 8h | 86,581.3 | +0.078% | $9.43B | $24.30B | 150x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,593.5 | +0.092% | $9.2M | $42.0M | 25x | as long as short |
| OKX BTC-USDT-SWAP | +0.0069% | 8h | 86,589.9 | +0.088% | $2.56B | $12.69B | 100x | as long as short |
| Gate BTC_USDT | +0.0069% | 8h | 86,582.1 | +0.079% | $5.86B | $10.62B | 200x | as long as short |
| Bybit BTCUSDT | +0.0079% | 8h | 86,581.2 | +0.078% | $5.27B | $9.66B | 150x | as long as short |
| Variational Omni BTC | +0.0091% | 8h | 86,619.6 | +0.122% | $160.0M | $567.4M | — | as long as short |
| Lighter BTCshort | +0.0096% | 1h | 86,604.7 | +0.105% | $172.0M | $1.01B | 50x | |
| Lighter RH BTC | +0.0096% | 1h | 86,599.8 | +0.099% | $24.0M | $153.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,583 | +0.080% | $8.5M | $52.1M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,652 | +0.160% | $4.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,578 | +0.074% | $195K | $6.8M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,635.2 | +0.140% | $21.6M | $235.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,660 | +0.169% | $3.82B | $5.12B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,624.1 | +0.127% | $41.3M | $490.3M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,629 | +0.133% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,653.9 | +0.162% | $7.5M | $93.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,606.9 | +0.107% | $571.9M | $22.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,650.3 | +0.158% | $38.1M | $148.4M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,571.5 | +0.066% | $279.6M | $949.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,620.3 | +0.123% | $217.5M | $188.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,631.1 | +0.135% | $141.6M | $323.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,531.1 | +0.020% | $30.8M | $205.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,703.8 | +0.219% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,669 | +0.179% | $11.1M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,667.2 | +0.177% | $194K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,681.6 | +0.194% | $2.5M | $8.5M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,690.1 | +0.204% | $141K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,668.3 | +0.178% | $30.0M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,659.4 | +0.168% | $3.4M | $5.5M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,647 | +0.154% | $60.5M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,654.6 | +0.163% | $2.30B | $956.9M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,570 | +0.065% | $46.4M | $227.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,692.7 | +0.207% | — | $98.3M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0116% | 1h | 86,682.4 | +0.195% | $189.3M | $930.4M | 100x | as long as short |
| Kalshi KXBTCPERP | +0.0120% | 8h | 86,674 | +0.185% | $9.0M | $723.1M | 6.4x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,694 | +0.208% | $131.9M | $5.87B | 50x | as long as short |
| BloFin BTC-USDT | +0.0170% | 8h | 86,675.1 | +0.186% | $417.6M | $650.6M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0178% / S −0.0185% | 1h | 86,677.4 | +0.189% | $14.9M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0224% | 1h | 86,585.9 | +0.083% | $614K | $7.1M | 30x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
Aevo BTC-PERP
Injective BTC/USDC PERP
MEXC BTC_USDT
Binance BTCUSDT
RISEx BTC/USDC
OKX BTC-USDT-SWAP
Gate BTC_USDT
Bybit BTCUSDT
Variational Omni BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
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
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Kalshi KXBTCPERP
Coinbase International BTC-PERP-INTX
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P