Funding you earn now, next payment 05:00 UTC−0.0144%/8h= −15.8% APRnext payment −$0.18 per $10,000 · paid last 24h −0.043%
Price spread now: Jupiter Perps against Lighter+0.009%7-day average −0.005% · 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)−0.149%−$15 on $10k
+Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.009%, 7d avg −0.005%
=Together, before fees−0.181%+ Points / potential airdropLighter: Season 3 · farm board−$18 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$4 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 | 85,466.2 | 0.0096 | pay 0.0012% / 1h | 11m 31s | $172.0M | $1.02B | 50x |
| Short | Jupiter Perps WBTC-PERP | 85,473.9 | L +0.0104% / S +0.0048% | pay 0.0006% / 1h | 11m 31s | — | $106.4M | 500x |
Lighter BTC
Jupiter Perps WBTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Jupiter Perps 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
- −$30.24
- Price spread: +0.009% → −0.005%
- $1.41
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Jupiter Perps: 6 bp × 2 orders
- −$12
- Net
- −$40.83
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 8 min ago; Jupiter Perps: no order-book sample. 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 Lighter live order book, 8 min ago | 0.10 bp | 0.3 bp $0 | 0.4 bp −$4 | 1.6 bp −$160 | 3.9 bp −$1,945 |
| Sell Jupiter Perps no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0140% | 1h | 85,504 | +0.044% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,469 | +0.003% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0045% | 8h | 85,439 | −0.032% | $919.4M | $758.2M | 125x | as long as short |
| BloFin BTC-USDT | −0.0027% | 8h | 85,453.8 | −0.015% | $420.4M | $675.7M | 150x | as long as short |
| Aster BTCUSDT | −0.0009% | 8h | 85,430.4 | −0.042% | $514.4M | $1.10B | 200x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 85,460.9 | −0.006% | $363K | $2.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,475.8 | +0.011% | $503K | $18.7M | 6.7x | as long as short |
| Nado BTC-PERP | +0.0002% | 1h | 85,448.6 | −0.021% | $24.4M | $223.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,449.8 | −0.019% | $36.5M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0029% | 1h | 85,493.3 | +0.032% | $16.8M | $21.2M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
Nado BTC-PERP
gTrade (Gains Network) BTC/USD
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit BTC-PERPETUAL | +0.0043% | 1h | 85,476.5 | +0.012% | $872.2M | $1.60B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,552 | +0.100% | $340K | $26.9M | 52x | as long as short |
| SoDEX BTC-USD | +0.0046% | 1h | 85,430 | −0.042% | $59.9M | $335.9M | 40x | as long as short |
| BingX BTC-USDC | +0.0063% | 8h | 85,434.1 | −0.038% | — | $17.2M | — | as long as short |
| Phemex BTCUSDT | +0.0067% | 8h | 85,431.4 | −0.041% | $148.6M | $497.8M | 150x | as long as short |
| Bitget BTCUSDT | +0.0079% | 8h | 85,439.8 | −0.031% | $2.95B | $5.12B | 150x | as long as short |
| Binance BTCUSDT | +0.0092% | 8h | 85,445.3 | −0.024% | $9.44B | $24.47B | 150x | as long as short |
| MEXC BTC_USDT | +0.0092% | 8h | 85,451.2 | −0.018% | $5.07B | $5.68B | 500x | as long as short |
| Lighter BTClong | +0.0096% | 1h | 85,466.2 | long leg | $172.0M | $1.02B | 50x | |
| Lighter RH BTC | +0.0096% | 1h | 85,465.4 | −0.001% | $23.9M | $149.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,442 | −0.028% | $8.4M | $55.1M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,430.3 | −0.042% | $2.8M | $3.5M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,433 | −0.039% | $228K | $8.4M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,511.9 | +0.053% | $5.7M | $9.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,531 | +0.076% | $3.79B | $5.02B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,487.3 | +0.025% | $40.4M | $591.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,435.6 | −0.036% | $5.17B | $9.86B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,451.1 | −0.018% | $2.59B | $12.12B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,465 | −0.001% | $3.8M | $17.7M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,452.1 | −0.016% | $4.7M | $99.4M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,455.5 | −0.012% | $679.5M | $683.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,452 | −0.017% | $5.53B | $10.85B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,431.4 | −0.041% | $36.4M | $178.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,488.9 | +0.027% | $154.5M | $565.3M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,455.6 | −0.012% | $279.2M | $930.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,470.5 | +0.005% | $214.8M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,468.6 | +0.003% | $139.7M | $316.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,468 | +0.002% | $30.2M | $206.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,508.1 | +0.049% | — | $11.0M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,445 | −0.025% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,437.5 | −0.034% | $203K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,426 | −0.047% | $2.5M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,478.8 | +0.015% | $206K | $737K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,419.3 | −0.055% | $30.0M | $50.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,433.1 | −0.039% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,430.9 | −0.041% | $2.26B | $950.1M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,426 | −0.047% | $45.8M | $235.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERPshort | L +0.0104% / S +0.0048% | 1h | 85,473.9 | +0.009% | — | $106.4M | 500x | |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,471.4 | +0.006% | $117.2M | $5.26B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0104% | 1h | 85,434.5 | −0.037% | $6.6M | $147.2M | 40x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,450.7 | −0.018% | $187.7M | $956.7M | 100x | as long as short |
| Kalshi KXBTCPERP | +0.0173% | 8h | 85,482 | +0.018% | $11.5M | $753.3M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,485 | +0.022% | $8.6M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,449.8 | −0.019% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0240% | 1h | 85,508.7 | +0.050% | $700K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0251% | 1h | 85,514.6 | +0.057% | $78K | $222K | 20x | as long as short |
Deribit BTC-PERPETUAL
Injective BTC/USDC PERP
SoDEX BTC-USD
BingX BTC-USDC
Phemex BTCUSDT
Bitget BTCUSDT
Binance BTCUSDT
MEXC BTC_USDT
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
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
Extended BTC-USD
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kraken Futures PF_XBTUSD
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD