Funding you earn now, next payment 23:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h −0.035%
Price spread now: BloFin against Lighter RH−0.022%7-day average −0.022% · 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−$140.136% of the position
Funding, last 7 days−0.045%−$5 on $10k
+Price spread, last 3 days (all we have)−0.038%−$4 · spread now −0.022%, 7d avg −0.022%
=Together, before fees−0.083%+ Points / potential airdropLighter RH: Points live · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BTC | 86,434 | 0.0096 | pay 0.0012% / 1h | 28m 23s | $24.0M | $152.1M | 50x |
| Short | BloFin BTC-USDT | 86,415 | 0.0180 | get 0.0180% / 8h | 1h 28m | $414.6M | $653.3M | 150x |
Lighter RH BTC
BloFin BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Lighter RH. 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
- $17.57
- Price spread: −0.022% → −0.022%
- $0.01
- Slippage, 4 orders
- −$1.58
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $4
- Costs to cover
- 0.136%
- Break-even
- 5.4 days
Slippage from Lighter RH: live order book, 6 min ago; BloFin: live order book, 6 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 RH live order book, 6 min ago | 0.66 bp | 0.7 bp −$1 | 0.9 bp −$9 | 3.1 bp −$309 | 22.1 bp −$11.0K |
| Sell BloFin live order book, 6 min ago | 0.06 bp | 6.1 bp −$6 | 6.1 bp −$61 | 6.8 bp −$675 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0409% | 1h | 86,404.1 | −0.035% | $140K | $618K | 40x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,388 | −0.053% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,402 | −0.037% | $9K | $3K | 50x | as long as short |
| Aftermath Perps BTCUSD | −0.0068% | 1h | 86,483.6 | +0.057% | $83K | $216K | 20x | as long as short |
| Aster BTCUSDT | −0.0012% | 8h | 86,404.2 | −0.034% | $504.3M | $1.15B | 200x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 86,435.7 | +0.002% | $358K | $2.4M | 50x | as long as short |
| KuCoin XBTUSDTM | 0.0000% | 8h | 86,388 | −0.053% | $850.7M | $710.9M | 125x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,430.9 | −0.004% | $423K | $23.8M | 6.7x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,444.5 | +0.012% | $921.5M | $1.48B | 50x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 86,414.5 | −0.023% | $17.0M | $21.1M | 50x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
Aftermath Perps BTCUSD
Aster BTCUSDT
01 Exchange BTCUSD
KuCoin XBTUSDTM
Perpl BTC
Deribit BTC-PERPETUAL
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,416.1 | −0.021% | $36.8M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0006% | 1h | 86,425 | −0.010% | $8.5M | $43.1M | 25x | as long as short |
| Reya BTCRUSDPERP | +0.0022% | 1h | 86,390.5 | −0.050% | $6.7M | $144.9M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,559 | +0.145% | $315K | $26.8M | 52x | as long as short |
| Phemex BTCUSDT | +0.0032% | 8h | 86,412.1 | −0.025% | $149.1M | $476.2M | 150x | as long as short |
| BingX BTC-USDT | +0.0034% | 8h | 86,398.3 | −0.041% | — | $1.59B | — | as long as short |
| Bitget BTCUSDT | +0.0043% | 8h | 86,403.8 | −0.035% | $2.95B | $5.09B | 150x | as long as short |
| Aevo BTC-PERP | +0.0056% | 1h | 86,371.9 | −0.072% | $2.4M | $1.3M | 20x | as long as short |
| MEXC BTC_USDT | +0.0059% | 8h | 86,401.6 | −0.037% | $5.12B | $5.68B | 500x | as long as short |
| Binance BTCUSDT | +0.0060% | 8h | 86,403.7 | −0.035% | $9.41B | $24.37B | 150x | as long as short |
| Hibachi BTC/USDT-P | +0.0064% | 1h | 86,437.5 | +0.004% | $716K | $8.2M | 30x | as long as short |
| Gate BTC_USDT | +0.0075% | 8h | 86,395 | −0.045% | $5.85B | $10.69B | 200x | as long as short |
| Bybit BTCUSDT | +0.0090% | 8h | 86,398.8 | −0.041% | $5.25B | $9.74B | 150x | as long as short |
| SoDEX BTC-USD | +0.0094% | 1h | 86,413 | −0.024% | $60.4M | $337.2M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,429 | −0.006% | $171.3M | $1.01B | 50x | as long as short |
| Lighter RH BTClong | +0.0096% | 1h | 86,434 | long leg | $24.0M | $152.1M | 50x | |
| Popdex BTCUSDT | +0.0096% | 1h | 86,428 | −0.007% | $8.5M | $52.3M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,406 | −0.032% | $203K | $6.9M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,455.4 | +0.025% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,415 | −0.022% | $21.9M | $234.1M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,481 | +0.054% | $3.80B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,450.3 | +0.019% | $40.8M | $513.3M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,391.3 | −0.049% | $2.54B | $12.71B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,437 | +0.003% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,491.7 | +0.067% | $7.4M | $94.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,343.9 | −0.104% | $570.6M | $18.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,408.2 | −0.030% | $37.9M | $154.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,435.6 | +0.002% | $155.8M | $566.3M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,500.3 | +0.077% | $279.4M | $945.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,437.8 | +0.004% | $216.9M | $174.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,518.6 | +0.098% | $141.4M | $323.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,375.7 | −0.067% | $30.7M | $203.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,442.6 | +0.010% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,408 | −0.030% | $11.0M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,398.4 | −0.041% | $191K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,396 | −0.044% | $2.4M | $8.6M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,410.7 | −0.027% | $30.0M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,409.1 | −0.029% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,391.9 | −0.049% | $2.29B | $967.7M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,371.6 | −0.072% | $45.7M | $226.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,431.7 | −0.003% | — | $98.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,456.7 | +0.026% | $131.9M | $5.70B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,441.1 | +0.008% | $191.5M | $942.8M | 100x | as long as short |
| BloFin BTC-USDTshort | +0.0180% | 8h | 86,415 | −0.022% | $414.6M | $653.3M | 150x | |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0183% / S −0.0211% | 1h | 86,410.5 | −0.027% | $15.3M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0195% | 8h | 86,416 | −0.021% | $9.7M | $730.7M | 6.4x | as long as short |
gTrade (Gains Network) BTC/USD
RISEx BTC/USDC
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Phemex BTCUSDT
BingX BTC-USDT
Bitget BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Hibachi BTC/USDT-P
Gate BTC_USDT
Bybit BTCUSDT
SoDEX BTC-USD
Lighter BTC
Popdex 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
Bulk 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
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP