Funding you earn now, next payment 22:00 UTC−0.0173%/8h= −19.0% APRnext payment −$0.22 per $10,000 · paid last 24h −0.033%
Price spread now: dYdX against Lighter−0.028%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$130.128% of the position
Funding, last 7 days−0.152%−$15 on $10k
+Price spread, last 7 days+0.046%+$5 · spread now −0.028%, 7d avg −0.013%
=Together, before fees−0.105%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: −$5 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 | 86,697.7 | 0.0096 | pay 0.0012% / 1h | 27m 09s | $171.9M | $1.01B | 50x |
| Short | dYdX BTC-USD | 86,673.4 | −0.0077 | pay 0.0010% / 1h | 27m 09s | $17.6M | $20.5M | 50x |
Lighter BTC
dYdX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$36.36
- Price spread: −0.028% → −0.013%
- −$1.47
- Slippage, 4 orders
- −$2.85
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$50.68
- Costs to cover
- 0.128%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; dYdX: 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 | 0.01 bp | 0.0 bp $0 | 0.1 bp −$1 | 0.5 bp −$52 | 2.8 bp −$1,407 |
| Sell dYdX live order book, 2 min ago | 0.46 bp | 5.9 bp −$6 | 9.7 bp −$97 | 12.6 bp −$1,257 | 20.5 bp −$10.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps BTCUSD | −0.0234% | 1h | 86,639.4 | −0.067% | $85K | $188K | 20x | as long as short |
| Perpl BTC | −0.0223% | 43m | 86,688.7 | −0.010% | $427K | $24.8M | 6.7x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,583 | −0.132% | $2.2M | $12.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,653 | −0.052% | $9K | $3K | 50x | as long as short |
| dYdX BTC-USDshort | −0.0077% | 1h | 86,673.4 | −0.028% | $17.6M | $20.5M | 50x | |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,692.5 | −0.006% | $364K | $2.4M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,715.7 | +0.021% | $935.3M | $1.44B | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0002% | 8h | 86,670.4 | −0.031% | $844.4M | $704.7M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,702.4 | +0.005% | $36.9M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0008% | 8h | 86,658.2 | −0.046% | $506.1M | $1.16B | 200x | as long as short |
Aftermath Perps BTCUSD
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
Deribit BTC-PERPETUAL
KuCoin XBTUSDTM
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 | 86,677.7 | −0.023% | $6.7M | $144.4M | 40x | as long as short |
| Phemex BTCUSDT | +0.0023% | 8h | 86,679.3 | −0.021% | $150.0M | $471.5M | 150x | as long as short |
| BingX BTC-USDT | +0.0025% | 8h | 86,687.9 | −0.011% | — | $1.59B | — | as long as short |
| Bitget BTCUSDT | +0.0032% | 8h | 86,681.3 | −0.019% | $2.95B | $5.07B | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,639 | −0.068% | $315K | $26.8M | 52x | as long as short |
| MEXC BTC_USDT | +0.0054% | 8h | 86,681.8 | −0.018% | $5.18B | $5.68B | 500x | as long as short |
| Binance BTCUSDT | +0.0055% | 8h | 86,681.7 | −0.018% | $9.45B | $24.31B | 150x | as long as short |
| Aevo BTC-PERP | +0.0056% | 1h | 86,679.2 | −0.021% | $2.4M | $1.3M | 20x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,676.1 | −0.025% | $9.2M | $42.0M | 25x | as long as short |
| Gate BTC_USDT | +0.0077% | 8h | 86,685.4 | −0.014% | $5.86B | $10.64B | 200x | as long as short |
| OKX BTC-USDT-SWAP | +0.0077% | 8h | 86,695 | −0.003% | $2.56B | $12.72B | 100x | as long as short |
| Bybit BTCUSDT | +0.0083% | 8h | 86,679.9 | −0.021% | $5.27B | $9.67B | 150x | as long as short |
| Variational Omni BTC | +0.0095% | 8h | 86,614.5 | −0.096% | $160.3M | $564.8M | — | as long as short |
| Lighter BTClong | +0.0096% | 1h | 86,697.7 | long leg | $171.9M | $1.01B | 50x | |
| Lighter RH BTC | +0.0096% | 1h | 86,699 | +0.001% | $24.0M | $153.6M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,668 | −0.034% | $8.5M | $52.3M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,662 | −0.041% | $194K | $6.8M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,714.5 | +0.019% | $4.8M | $8.2M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,668.7 | −0.034% | $21.8M | $235.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,757 | +0.068% | $3.82B | $5.13B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,697.6 | 0.000% | $40.9M | $492.6M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,664 | −0.039% | $3.9M | $18.5M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,738.9 | +0.048% | $7.4M | $93.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,577.9 | −0.138% | $571.8M | $22.4M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,681.7 | −0.018% | $38.2M | $148.4M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,587 | −0.128% | $279.7M | $950.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,622.1 | −0.087% | $217.5M | $187.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,626.6 | −0.082% | $141.4M | $322.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,625.2 | −0.084% | $30.8M | $205.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,724.6 | +0.031% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,680 | −0.020% | $11.1M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,682.2 | −0.018% | $196K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,694.9 | −0.003% | $2.5M | $8.5M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,708.4 | +0.012% | $141K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,687.8 | −0.011% | $30.0M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,666 | −0.037% | $3.4M | $5.5M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,682 | −0.018% | $60.5M | $336.4M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,680 | −0.020% | $2.30B | $957.3M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,669.3 | −0.033% | $46.4M | $227.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,698.1 | 0.000% | — | $98.4M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0116% | 1h | 86,714.9 | +0.020% | $188.4M | $932.0M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,723 | +0.029% | $132.0M | $5.86B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0126% | 8h | 86,695 | −0.003% | $9.0M | $723.7M | 6.4x | as long as short |
| BloFin BTC-USDT | +0.0175% | 8h | 86,679.4 | −0.021% | $417.3M | $653.6M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0179% / S −0.0189% | 1h | 86,691.8 | −0.007% | $15.1M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0224% | 1h | 86,666.7 | −0.036% | $614K | $7.1M | 30x | as long as short |
Reya BTCRUSDPERP
Phemex BTCUSDT
BingX BTC-USDT
Bitget BTCUSDT
Injective BTC/USDC PERP
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
RISEx BTC/USDC
Gate BTC_USDT
OKX BTC-USDT-SWAP
Bybit BTCUSDT
Variational Omni BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
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
Coinbase International BTC-PERP-INTX
Kalshi KXBTCPERP
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P