Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.010%
Price spread now: Lighter RH against HTX+0.024%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$130.134% of the position
Funding, last 7 days+0.068%+$7 on $10k
+Price spread, last 3 days (all we have)+0.049%+$5 · spread now +0.024%, 7d avg +0.035%
=Together, before fees+0.117%+ Points / potential airdropLighter RH: Points live · farm board+$12 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX BTC-USDT | 86,527.7 | 0.0100 | pay 0.0100% / 8h | 1h 34m | $2.30B | $964.6M | 200x |
| Short | Lighter RH BTC | 86,548.8 | 0.0096 | get 0.0012% / 1h | 34m 57s | $24.0M | $151.9M | 50x |
HTX BTC-USDT
Lighter RH BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against HTX. 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: +0.024% → +0.035%
- −$1.07
- Slippage, 4 orders
- −$1.4
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$15.31
- Costs to cover
- 0.134%
- Break-even
- never at this rate
Slippage from HTX: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy HTX live order book, 4 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 7.0 bp −$702 | 9.5 bp −$4,743 |
| Sell Lighter RH live order book, 4 min ago | 0.32 bp | 0.4 bp $0 | 0.6 bp −$6 | 2.7 bp −$273 | 23.3 bp −$11.7K |
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 | −0.0657% | 1h | 86,553.8 | +0.030% | $140K | $618K | 40x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,627 | +0.115% | $2.2M | $11.8M | 40x | as long as short |
| Aftermath Perps BTCUSD | −0.0130% | 1h | 86,615.5 | +0.101% | $83K | $216K | 20x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,572 | +0.051% | $9K | $3K | 50x | as long as short |
| dYdX BTC-USD | −0.0010% | 1h | 86,530.8 | +0.004% | $17.3M | $20.5M | 50x | as long as short |
| Aster BTCUSDT | −0.0009% | 8h | 86,509.3 | −0.021% | $504.8M | $1.15B | 200x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 86,545.9 | +0.021% | $359K | $2.4M | 50x | as long as short |
| KuCoin XBTUSDTM | 0.0000% | 8h | 86,524.9 | −0.003% | $851.3M | $708.4M | 125x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,558.2 | +0.035% | $419K | $23.9M | 6.7x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,565.4 | +0.044% | $924.2M | $1.47B | 50x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Aftermath Perps BTCUSD
Hotstuff BTC-PERP
dYdX BTC-USD
Aster BTCUSDT
01 Exchange BTCUSD
KuCoin XBTUSDTM
Perpl BTC
Deribit BTC-PERPETUALShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,557.8 | +0.035% | $36.8M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0006% | 1h | 86,531 | +0.004% | $8.6M | $43.2M | 25x | as long as short |
| Reya BTCRUSDPERP | +0.0022% | 1h | 86,541 | +0.015% | $6.7M | $144.8M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,559 | +0.036% | $315K | $26.8M | 52x | as long as short |
| Phemex BTCUSDT | +0.0030% | 8h | 86,533.7 | +0.007% | $150.2M | $475.4M | 150x | as long as short |
| BingX BTC-USDC | +0.0034% | 8h | 86,503.4 | −0.028% | — | $15.3M | — | as long as short |
| Hibachi BTC/USDT-P | +0.0040% | 1h | 86,622 | +0.109% | $730K | $8.2M | 30x | as long as short |
| Bitget BTCUSDT | +0.0043% | 8h | 86,500.8 | −0.031% | $2.95B | $5.08B | 150x | as long as short |
| MEXC BTC_USDT | +0.0060% | 8h | 86,529.1 | +0.002% | $5.17B | $5.65B | 500x | as long as short |
| Binance BTCUSDT | +0.0061% | 8h | 86,507.6 | −0.023% | $9.41B | $24.32B | 150x | as long as short |
| Aevo BTC-PERP | +0.0064% | 1h | 86,528.8 | +0.001% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0075% | 8h | 86,517.8 | −0.011% | $5.85B | $10.65B | 200x | as long as short |
| Bybit BTCUSDT | +0.0090% | 8h | 86,502.3 | −0.029% | $5.27B | $9.70B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,537.2 | +0.011% | $171.6M | $1.00B | 50x | as long as short |
| Lighter RH BTCshort | +0.0096% | 1h | 86,548.8 | +0.024% | $24.0M | $151.9M | 50x | |
| Popdex BTCUSDT | +0.0096% | 1h | 86,530 | +0.003% | $8.5M | $52.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0098% | 1h | 86,530 | +0.003% | $60.5M | $337.1M | 40x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,512 | −0.018% | $202K | $6.9M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,559.2 | +0.036% | $4.7M | $8.4M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,513.5 | −0.016% | $21.8M | $233.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,593 | +0.075% | $3.81B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,546.8 | +0.022% | $41.1M | $505.2M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,505.7 | −0.025% | $2.54B | $12.69B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,540 | +0.014% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,601.5 | +0.085% | $7.4M | $93.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,703.1 | +0.203% | $573.0M | $18.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,519.1 | −0.010% | $38.4M | $153.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,541.3 | +0.016% | $156.5M | $566.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,594.3 | +0.077% | $279.8M | $944.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,592.5 | +0.075% | $217.3M | $173.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,642.9 | +0.133% | $141.6M | $323.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,573.9 | +0.053% | $30.7M | $203.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,581 | +0.062% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,544 | +0.019% | $11.1M | $13.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,536 | +0.010% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,542.8 | +0.017% | $2.4M | $8.6M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,538.9 | +0.013% | $30.0M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,536.8 | +0.011% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDTlong | +0.0100% | 8h | 86,527.7 | long leg | $2.30B | $964.6M | 200x | |
| Extended BTC-USD | +0.0104% | 1h | 86,481.9 | −0.053% | $46.4M | $225.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,541.9 | +0.016% | — | $98.2M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,571.3 | +0.050% | $131.6M | $5.71B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,562.4 | +0.040% | $191.6M | $937.1M | 100x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0181% / S −0.0208% | 1h | 86,552.2 | +0.028% | $15.1M | — | 200x | as long as short |
| BloFin BTC-USDT | +0.0181% | 8h | 86,533.4 | +0.007% | $414.3M | $651.5M | 150x | as long as short |
| Kalshi KXBTCPERP | +0.0195% | 8h | 86,554 | +0.030% | $9.6M | $728.5M | 6.4x | as long as short |
gTrade (Gains Network) BTC/USD
RISEx BTC/USDC
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Phemex BTCUSDT
BingX BTC-USDC
Hibachi BTC/USDT-P
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
Bybit BTCUSDT
Lighter BTC
Popdex BTCUSDT
SoDEX BTC-USD
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
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
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
GMX BTC/USD [WBTC.b-USDC]
BloFin BTC-USDT
Kalshi KXBTCPERP