Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Vest against Lighter+0.084%7-day average −0.001% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.033%−$3 on $10k
+Price spread, last 7 days−0.081%−$8 · spread now +0.084%, 7d avg −0.001%
=Together, before fees−0.114%+ Points / potential airdropLighter: Season 3 · Vest: Active · farm board−$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Vest is 0.085% dearer against Lighter than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BTC | 86,185.5 | 0.0096 | pay 0.0012% / 1h | 10m 05s | $173.1M | $966.2M | 50x |
| Short | Vest BTC-PERP | 86,257.9 | 0.0100 | get 0.0013% / 1h | 10m 05s | — | $10.1M | 50x |
Lighter BTC
Vest BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- $0.84
- Price spread: +0.084% → −0.001%
- $8.51
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- $7.35
- Costs to cover
- 0.020%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 9 min ago; Vest: 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, 9 min ago | 0.01 bp | 0.0 bp $0 | 0.0 bp $0 | 0.5 bp −$51 | 2.6 bp −$1,308 |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 55 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 | −0.0374% | 1h | 86,214.7 | +0.034% | $196K | $673K | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,242 | +0.066% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 86,222 | +0.042% | $421.8M | $624.2M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 86,202.3 | +0.019% | $356K | $2.1M | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0006% | 1h | 86,180 | −0.006% | $298K | $27.5M | 52x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 86,238 | +0.061% | $36.9M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0030% | 8h | 86,174.6 | −0.013% | $940.2M | $674.4M | 125x | as long as short |
| dYdX BTC-USD | +0.0039% | 1h | 86,186.1 | +0.001% | $16.9M | $18.6M | 50x | as long as short |
| Aster BTCUSDT | +0.0046% | 8h | 86,164.8 | −0.024% | $503.7M | $985.5M | 200x | as long as short |
| BingX BTC-USDT | +0.0066% | 8h | 86,160.2 | −0.029% | — | $1.47B | — | as long as short |
Bluefin BTC-PERP
Hotstuff BTC-PERP
BloFin BTC-USDT
01 Exchange BTCUSD
Injective BTC/USDC PERP
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
dYdX BTC-USD
Aster BTCUSDT
BingX BTC-USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XBTUSD | +0.0068% | 1h | 86,192.4 | +0.008% | $189.0M | $870.2M | 100x | as long as short |
| Deribit BTC-PERPETUAL | +0.0070% | 1h | 86,208.3 | +0.026% | $830.9M | $1.60B | 50x | as long as short |
| Bybit BTCUSDT | +0.0074% | 8h | 86,116.5 | −0.080% | $5.09B | $9.04B | 150x | as long as short |
| Phoenix BTC | +0.0075% | 1h | 86,095 | −0.105% | $2.3M | $10.4M | 40x | as long as short |
| Nado BTC-PERP | +0.0095% | 1h | 86,199.1 | +0.016% | $22.1M | $209.6M | 50x | as long as short |
| Lighter BTClong | +0.0096% | 1h | 86,185.5 | long leg | $173.1M | $966.2M | 50x | |
| Lighter RH BTC | +0.0096% | 1h | 86,195.1 | +0.011% | $23.3M | $137.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,200 | +0.017% | $8.5M | $52.2M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 86,162.3 | −0.027% | $2.4M | $6.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,174 | −0.013% | $219K | $8.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,231.4 | +0.053% | $6.0M | $8.9M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,203.7 | +0.021% | $40.5M | $591.1M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 86,149 | −0.042% | $9.46B | $23.07B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,115.3 | −0.081% | $2.61B | $10.79B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,186 | +0.001% | $3.9M | $16.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,208.9 | +0.027% | $4.7M | $93.5M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 86,175.6 | −0.011% | $5.48B | $10.21B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 86,168 | −0.020% | $5.07B | $5.88B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 86,138.9 | −0.054% | $2.98B | $4.56B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,151.8 | −0.039% | $37.3M | $187.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,230.7 | +0.052% | $157.6M | $511.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,007 | −0.207% | $289.3M | $980.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,992.6 | −0.224% | $216.0M | $149.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,007.8 | −0.206% | $137.0M | $302.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,190.2 | +0.005% | $30.4M | $213.4M | 40x | as long as short |
| Vest BTC-PERPshort | +0.0100% | 1h | 86,257.9 | +0.084% | — | $10.1M | 50x | |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,206 | +0.024% | $11.0M | $13.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,185 | −0.001% | $210K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,169.8 | −0.018% | $2.6M | $9.4M | 100x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,185.5 | 0.000% | $3.2M | $7.0M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,174 | −0.013% | $60.3M | $257.7M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,163 | −0.026% | $2.28B | $909.6M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 86,171.2 | −0.017% | $167.8M | $499.5M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,869.6 | −0.367% | $707.4M | $169.5M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,127.1 | −0.068% | $46.3M | $220.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,196.8 | +0.013% | — | $94.3M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,228.4 | +0.050% | $112.0M | $5.31B | 50x | as long as short |
| Hyperliquid BTC | +0.0148% | 1h | 86,233 | +0.055% | $3.87B | $4.83B | 40x | as long as short |
| Reya BTCRUSDPERP | +0.0152% | 1h | 86,220.5 | +0.041% | $6.7M | $133.6M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0189% | 8h | 86,221 | +0.041% | $11.1M | $726.3M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 86,211.9 | +0.031% | $9.0M | $40.7M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0200% / S −0.0183% | 1h | 86,196.6 | +0.013% | $13.3M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0312% | 1h | 86,163.1 | −0.026% | $693K | $7.4M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0374% | 1h | 86,089.5 | −0.111% | $82K | $253K | 20x | as long as short |
| Perpl BTC | +0.0447% | 43m | 86,194.6 | +0.011% | $490K | $16.8M | 6.7x | as long as short |
Kraken Futures PF_XBTUSD
Deribit BTC-PERPETUAL
Bybit BTCUSDT
Phoenix BTC
Nado BTC-PERP
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
Binance BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Bitget BTCUSDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hyperliquid BTC
Reya BTCRUSDPERP
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Perpl BTC