Funding you earn now, next payment 08:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.002%
Price spread now: Lighter against Jupiter Perps−0.006%7-day average +0.005% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.008%−$1 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.006%, 7d avg +0.005%
=Together, before fees+0.003%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Jupiter Perps WBTC-PERP | 85,283.6 | L +0.0104% / S +0.0056% | pay 0.0013% / 1h | 1m 54s | — | $106.7M | 500x |
| Short | Lighter BTC | 85,278.4 | 0.0096 | get 0.0012% / 1h | 1m 54s | $169.4M | $1.03B | 50x |
Jupiter Perps WBTC-PERP
Lighter BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Jupiter Perps. 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: −0.006% → +0.005%
- −$1.11
- Slippage, 4 orders
- no order book: not counted
- Fee Jupiter Perps: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$14.79
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Jupiter Perps: no order-book sample; Lighter: live order book, 7 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 Jupiter Perps no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 7 min ago | 0.01 bp | 0.0 bp $0 | 0.4 bp −$4 | 1.2 bp −$117 | 3.6 bp −$1,818 |
Jupiter Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,300 | +0.019% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,306 | +0.026% | $2.3M | $10.8M | 40x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,279.7 | −0.005% | $421.7M | $684.9M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0005% | 8h | 85,252.1 | −0.037% | $928.3M | $777.0M | 125x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,292.3 | +0.010% | $345K | $2.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,270.6 | −0.015% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0017% | 8h | 85,256.3 | −0.032% | $502.1M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0021% | 1h | 85,277.8 | −0.007% | $16.7M | $21.0M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,275.5 | −0.009% | $186.1M | $953.6M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,301 | +0.020% | $311K | $26.1M | 52x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
BloFin BTC-USDT
KuCoin XBTUSDTM
01 Exchange BTCUSD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Kraken Futures PF_XBTUSD
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0067% | 8h | 85,227.8 | −0.065% | — | $17.4M | — | as long as short |
| Bybit BTCUSDT | +0.0087% | 8h | 85,259.9 | −0.028% | $5.08B | $10.03B | 150x | as long as short |
| ApeX Omni BTCUSDT | +0.0092% | 1h | 85,259 | −0.029% | $138.0M | $312.7M | 100x | as long as short |
| Nado BTC-PERP | +0.0095% | 1h | 85,303.6 | +0.023% | $24.0M | $219.8M | 50x | as long as short |
| Lighter BTCshort | +0.0096% | 1h | 85,278.4 | −0.006% | $169.4M | $1.03B | 50x | |
| Lighter RH BTC | +0.0096% | 1h | 85,275.1 | −0.010% | $23.6M | $149.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,283 | −0.001% | $8.4M | $57.9M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,256.6 | −0.032% | $2.4M | $6.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,263 | −0.024% | $265K | $8.7M | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0100% | 1h | 85,297.8 | +0.017% | $829.9M | $1.67B | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,351.8 | +0.080% | $5.7M | $9.5M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,317.5 | +0.040% | $40.0M | $605.4M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,255.7 | −0.033% | $9.39B | $25.18B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,251.1 | −0.038% | $2.60B | $12.25B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,306 | +0.026% | $3.8M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,307.3 | +0.028% | $4.6M | $97.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,256 | −0.032% | $695.2M | $190.7M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,249.5 | −0.040% | $5.46B | $11.19B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,249.2 | −0.040% | $5.03B | $5.78B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,250.1 | −0.039% | $2.97B | $5.20B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,257.6 | −0.030% | $36.7M | $191.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,262.8 | −0.024% | $155.2M | $549.3M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,243.5 | −0.047% | $282.7M | $958.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,269.1 | −0.017% | $214.0M | $159.3M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,287 | +0.004% | $30.1M | $215.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,366 | +0.097% | — | $9.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,300 | +0.019% | $10.9M | $15.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,268.2 | −0.018% | $199K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,260.7 | −0.027% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,311.1 | +0.032% | $193K | $796K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,317.2 | +0.039% | $28.8M | $46.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,285.1 | +0.002% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,260 | −0.028% | $59.7M | $336.6M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,265.4 | −0.021% | $2.25B | $974.0M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,260 | −0.028% | $158.7M | $516.1M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,230 | −0.063% | $45.7M | $241.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERPlong | L +0.0104% / S +0.0056% | 1h | 85,283.6 | long leg | — | $106.7M | 500x | |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,304.1 | +0.024% | $111.5M | $5.46B | 50x | as long as short |
| Hyperliquid BTC | +0.0128% | 1h | 85,337 | +0.063% | $3.79B | $5.11B | 40x | as long as short |
| Reya BTCRUSDPERP | +0.0145% | 1h | 85,254.4 | −0.034% | $6.6M | $141.1M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0173% | 8h | 85,310 | +0.031% | $12.0M | $737.3M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0149% | 1h | 85,262.9 | −0.024% | $13.0M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,310.6 | +0.032% | $8.8M | $42.9M | 25x | as long as short |
| Aftermath Perps BTCUSD | +0.0288% | 1h | 85,284.8 | +0.001% | $81K | $250K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0304% | 1h | 85,322.2 | +0.045% | $682K | $7.8M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,305.4 | +0.026% | $465K | $18.4M | 6.7x | as long as short |
BingX BTC-USDC
Bybit BTCUSDT
ApeX Omni BTCUSDT
Nado BTC-PERP
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Deribit BTC-PERPETUAL
Paradex BTC-USD-PERP
Pacifica BTC
Binance BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Bitget BTCUSDT
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
Coinbase International BTC-PERP-INTX
Hyperliquid BTC
Reya BTCRUSDPERP
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC