Funding you earn now, next payment 00:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.016%
Price spread now: Bitget against Lighter−0.020%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$130.126% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 7 days+0.026%+$3 · spread now −0.020%, 7d avg −0.010%
=Together, before fees−0.032%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BTC | 86,482.3 | 0.0096 | pay 0.0012% / 1h | 31m 48s | $170.3M | $1.01B | 50x |
| Short | Bitget BTCUSDT | 86,464.8 | 0.0052 | get 0.0052% / 8h | 31m 48s | $2.96B | $5.13B | 150x |
Lighter BTC
Bitget BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Lighter. 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
- −$9.24
- Price spread: −0.020% → −0.010%
- −$0.99
- Slippage, 4 orders
- −$0.56
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$22.79
- Costs to cover
- 0.126%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Bitget: live order book, 2 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 Lighter live order book, 7 min ago | 0.04 bp | 0.1 bp $0 | 0.3 bp −$3 | 0.8 bp −$79 | 3.4 bp −$1,705 |
| Sell Bitget live order book, 2 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 6.6 bp −$662 | doesn't fit |
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 | −0.0118% | 1h | 86,543 | +0.070% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,484 | +0.002% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,568 | +0.099% | $333K | $26.8M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,506.4 | +0.028% | $8.3M | $42.9M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,502 | +0.023% | $358K | $2.5M | 50x | as long as short |
| Aster BTCUSDT | −0.0001% | 8h | 86,472.5 | −0.011% | $501.5M | $1.15B | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0001% | 1h | 86,510.4 | +0.033% | $915.1M | $1.48B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,512.2 | +0.035% | $36.8M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0016% | 8h | 86,472.2 | −0.012% | $850.4M | $715.5M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0030% | 1h | 86,493.5 | +0.013% | $6.7M | $145.4M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Aster BTCUSDT
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Reya BTCRUSDPERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0042% | 8h | 86,461 | −0.025% | — | $15.4M | — | as long as short |
| dYdX BTC-USD | +0.0044% | 1h | 86,539 | +0.066% | $17.0M | $21.1M | 50x | as long as short |
| Phemex BTCUSDT | +0.0049% | 8h | 86,484.3 | +0.002% | $150.7M | $478.6M | 150x | as long as short |
| Bitget BTCUSDTshort | +0.0052% | 8h | 86,464.8 | −0.020% | $2.96B | $5.13B | 150x | |
| Binance BTCUSDT | +0.0071% | 8h | 86,465 | −0.020% | $9.43B | $24.56B | 150x | as long as short |
| MEXC BTC_USDT | +0.0071% | 8h | 86,469.7 | −0.015% | $5.16B | $5.66B | 500x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,462.6 | −0.023% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0083% | 8h | 86,471.3 | −0.013% | $5.87B | $10.76B | 200x | as long as short |
| SoDEX BTC-USD | +0.0093% | 1h | 86,469 | −0.015% | $60.5M | $337.8M | 40x | as long as short |
| Lighter BTClong | +0.0096% | 1h | 86,482.3 | long leg | $170.3M | $1.01B | 50x | |
| Lighter RH BTC | +0.0096% | 1h | 86,490.5 | +0.009% | $24.0M | $151.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,490 | +0.009% | $8.5M | $52.4M | 100x | as long as short |
| Bybit BTCUSDT | +0.0099% | 8h | 86,468.8 | −0.016% | $5.26B | $9.81B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,474 | −0.010% | $198K | $7.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,527.2 | +0.052% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,484 | +0.002% | $21.8M | $234.7M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,547 | +0.075% | $3.80B | $5.11B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,524.2 | +0.048% | $40.8M | $527.8M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,480 | −0.003% | $2.55B | $12.73B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,496 | +0.016% | $3.9M | $18.7M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,531.5 | +0.057% | $7.5M | $95.2M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,470.3 | −0.014% | $38.2M | $155.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,514.5 | +0.037% | $157.4M | $567.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,535.4 | +0.061% | $279.5M | $947.1M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,546.5 | +0.074% | $217.3M | $171.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,514.6 | +0.037% | $141.4M | $323.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,475.4 | −0.008% | $30.7M | $205.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,535.1 | +0.061% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,492 | +0.011% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,494 | +0.014% | $189K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,496.1 | +0.016% | $2.4M | $9.0M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,524.4 | +0.049% | $140K | $663K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,508.8 | +0.031% | $30.5M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,482.8 | +0.001% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,470.1 | −0.014% | $2.29B | $969.8M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,562.5 | +0.093% | $572.7M | $17.7M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,452.3 | −0.035% | $45.5M | $227.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,507.2 | +0.029% | — | $98.8M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,500.3 | +0.021% | $194.0M | $952.2M | 100x | as long as short |
| Perpl BTC | +0.0112% | 43m | 86,501.1 | +0.022% | $416K | $23.1M | 6.7x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,518.8 | +0.042% | $132.2M | $5.66B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0137% | 1h | 86,545.1 | +0.073% | $79K | $218K | 20x | as long as short |
| BloFin BTC-USDT | +0.0191% | 8h | 86,490.5 | +0.009% | $415.4M | $658.5M | 150x | as long as short |
| Hibachi BTC/USDT-P | +0.0192% | 1h | 86,523 | +0.047% | $728K | $8.1M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0194% / S −0.0217% | 1h | 86,508.6 | +0.030% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0208% | 8h | 86,519 | +0.042% | $9.7M | $745.6M | 6.4x | as long as short |
BingX BTC-USDC
dYdX BTC-USD
Phemex BTCUSDT
Binance BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Gate BTC_USDT
SoDEX BTC-USD
Lighter RH BTC
Popdex BTCUSDT
Bybit BTCUSDT
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
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
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Perpl BTC
Coinbase International BTC-PERP-INTX
Aftermath Perps BTCUSD
BloFin BTC-USDT
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP