Funding you earn now, next payment 00:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h 0.000%
Price spread now: Bybit against Lighter RH−0.039%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$120.121% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 7 days+0.043%+$4 · spread now −0.039%, 7d avg −0.009%
=Together, before fees−0.011%+ Points / potential airdropLighter RH: Points live · farm board−$1 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: Bybit is 0.030% cheaper against Lighter RH than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BTC | 86,597.9 | 0.0096 | pay 0.0012% / 1h | 53m 19s | $24.1M | $151.2M | 50x |
| Short | Bybit BTCUSDT | 86,564.2 | 0.0099 | get 0.0099% / 8h | 53m 19s | $5.26B | $9.81B | 150x |
Lighter RH BTC
Bybit BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0.67
- Price spread: −0.039% → −0.009%
- −$2.98
- Slippage, 4 orders
- −$1.09
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$14.4
- Costs to cover
- 0.121%
- Break-even
- 157.5 days
Slippage from Lighter RH: live order book, 6 min ago; Bybit: 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 | 0.49 bp | 0.6 bp −$1 | 0.9 bp −$9 | 3.4 bp −$336 | 21.7 bp −$10.9K |
| Sell Bybit live order book, 6 min ago | 0.01 bp | 5.5 bp −$6 | 5.6 bp −$56 | 6.4 bp −$639 | 7.7 bp −$3,834 |
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 | −0.063% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,521 | −0.089% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,601 | +0.004% | $333K | $26.8M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,596.2 | −0.002% | $8.3M | $42.9M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,599.1 | +0.001% | $358K | $2.5M | 50x | as long as short |
| Aster BTCUSDT | −0.0004% | 8h | 86,582.1 | −0.018% | $504.1M | $1.15B | 200x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,585.3 | −0.015% | $36.9M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0009% | 8h | 86,583 | −0.017% | $851.0M | $713.8M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0024% | 1h | 86,573.8 | −0.028% | $6.7M | $145.3M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0029% | 1h | 86,610.2 | +0.014% | $917.1M | $1.49B | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Aster BTCUSDT
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Reya BTCRUSDPERP
Deribit BTC-PERPETUALShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0040% | 8h | 86,555.3 | −0.049% | — | $15.4M | — | as long as short |
| Phemex BTCUSDT | +0.0044% | 8h | 86,574.7 | −0.027% | $149.8M | $478.4M | 150x | as long as short |
| dYdX BTC-USD | +0.0046% | 1h | 86,547.3 | −0.058% | $17.0M | $21.1M | 50x | as long as short |
| Bitget BTCUSDT | +0.0051% | 8h | 86,560 | −0.044% | $2.96B | $5.12B | 150x | as long as short |
| MEXC BTC_USDT | +0.0070% | 8h | 86,575.5 | −0.026% | $5.13B | $5.62B | 500x | as long as short |
| Binance BTCUSDT | +0.0071% | 8h | 86,567.9 | −0.035% | $9.43B | $24.53B | 150x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,556.5 | −0.048% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0081% | 8h | 86,577.1 | −0.024% | $5.88B | $10.70B | 200x | as long as short |
| Aftermath Perps BTCUSD | +0.0091% | 1h | 86,502.3 | −0.110% | $79K | $220K | 20x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,586.8 | −0.013% | $170.4M | $1.01B | 50x | as long as short |
| Lighter RH BTClong | +0.0096% | 1h | 86,597.9 | long leg | $24.1M | $151.2M | 50x | |
| Popdex BTCUSDT | +0.0096% | 1h | 86,589 | −0.010% | $8.5M | $52.5M | 100x | as long as short |
| Bybit BTCUSDTshort | +0.0099% | 8h | 86,564.2 | −0.039% | $5.26B | $9.81B | 150x | |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,565 | −0.038% | $199K | $7.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,558.3 | −0.046% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,515.6 | −0.095% | $21.9M | $234.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,661 | +0.073% | $3.80B | $5.11B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,575.3 | −0.026% | $41.2M | $521.5M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,560.6 | −0.043% | $2.54B | $12.74B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,580 | −0.021% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,622.8 | +0.029% | $7.6M | $94.8M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,382.9 | −0.248% | $571.1M | $18.1M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,544.2 | −0.062% | $37.9M | $154.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,463.3 | −0.155% | $155.7M | $568.3M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,512.3 | −0.099% | $279.6M | $945.1M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,538.5 | −0.069% | $217.2M | $173.5M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,442 | −0.180% | $141.3M | $323.3M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,523.5 | −0.086% | $30.7M | $204.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,620.9 | +0.027% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,586 | −0.014% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,571.7 | −0.030% | $190K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,565 | −0.038% | $2.4M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,594.8 | −0.004% | $140K | $663K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,597.7 | 0.000% | $30.6M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,580.1 | −0.021% | $3.4M | $5.4M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,574 | −0.028% | $60.5M | $337.6M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,550 | −0.055% | $2.30B | $969.4M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,542.6 | −0.064% | $45.3M | $226.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,595.7 | −0.003% | — | $99.0M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,607.7 | +0.011% | $192.0M | $949.2M | 100x | as long as short |
| Perpl BTC | +0.0112% | 43m | 86,582.9 | −0.017% | $417K | $23.4M | 6.7x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,618.7 | +0.024% | $132.8M | $5.69B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0168% | 1h | 86,561.3 | −0.042% | $718K | $8.1M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0190% / S −0.0213% | 1h | 86,582.8 | −0.017% | $15.1M | — | 200x | as long as short |
| BloFin BTC-USDT | +0.0191% | 8h | 86,574.8 | −0.027% | $414.3M | $658.4M | 150x | as long as short |
| Kalshi KXBTCPERP | +0.0204% | 8h | 86,581 | −0.020% | $9.8M | $739.4M | 6.4x | as long as short |
BingX BTC-USDC
Phemex BTCUSDT
dYdX BTC-USD
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
Aftermath Perps BTCUSD
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
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
Perpl BTC
Coinbase International BTC-PERP-INTX
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
BloFin BTC-USDT
Kalshi KXBTCPERP