Funding you earn now, next payment 05:00 UTC+0.0055%/8h= +6.0% APRnext payment +$0.07 per $10,000 · paid last 24h +0.021%
Price spread now: GMX against Lighter RH+0.003%7-day average +0.020% · 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)+0.066%+$7 on $10k
+Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.003%, 7d avg +0.020%
=Together, before fees+0.072%+ Points / potential airdropLighter RH: Points live · farm board+$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: +$2 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 | 85,422 | 0.0096 | pay 0.0012% / 1h | 1m 36s | $23.9M | $149.4M | 50x |
| Short | GMX BTC/USD [WBTC.b-USDC] | 85,424.2 | L +0.0176% / S −0.0151% | get 0.0019% / 1h | 1m 36s | $13.0M | — | 200x |
Lighter RH BTC
GMX BTC/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $11.55
- Price spread: +0.003% → +0.020%
- −$1.76
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$2.2
- Costs to cover
- 0.120%
- Break-even
- 8.3 days
Slippage unknown: Lighter RH: live order book, 3 min ago; GMX: 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 RH live order book, 3 min ago | 0.31 bp | 0.6 bp −$1 | 0.7 bp −$7 | 2.9 bp −$290 | 23.7 bp −$11.9K |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 | 85,470 | +0.056% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,425 | +0.004% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0051% | 8h | 85,394.8 | −0.032% | $919.3M | $758.2M | 125x | as long as short |
| BloFin BTC-USDT | −0.0031% | 8h | 85,404.2 | −0.021% | $419.8M | $675.8M | 150x | as long as short |
| Aster BTCUSDT | −0.0012% | 8h | 85,409 | −0.015% | $514.2M | $1.10B | 200x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 85,421.3 | −0.001% | $382K | $2.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,420.1 | −0.002% | $539K | $18.7M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,429.9 | +0.009% | $36.5M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0005% | 1h | 85,405.4 | −0.019% | $24.3M | $222.8M | 50x | as long as short |
| dYdX BTC-USD | +0.0024% | 1h | 85,448.7 | +0.031% | $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
gTrade (Gains Network) BTC/USD
Nado BTC-PERP
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,552 | +0.152% | $340K | $26.9M | 52x | as long as short |
| SoDEX BTC-USD | +0.0048% | 1h | 85,408 | −0.016% | $59.8M | $335.9M | 40x | as long as short |
| BingX BTC-USDT | +0.0063% | 8h | 85,410.3 | −0.014% | — | $1.54B | — | as long as short |
| Phemex BTCUSDT | +0.0065% | 8h | 85,409.3 | −0.015% | $149.0M | $498.6M | 150x | as long as short |
| Bitget BTCUSDT | +0.0079% | 8h | 85,414.1 | −0.009% | $2.95B | $5.13B | 150x | as long as short |
| MEXC BTC_USDT | +0.0088% | 8h | 85,405.4 | −0.019% | $5.06B | $5.69B | 500x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,402.9 | −0.022% | $2.6M | $5.3M | 20x | as long as short |
| Binance BTCUSDT | +0.0089% | 8h | 85,413.4 | −0.010% | $9.45B | $24.50B | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0091% | 1h | 85,451.6 | +0.035% | $872.3M | $1.60B | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,424.3 | +0.003% | $172.0M | $1.02B | 50x | as long as short |
| Lighter RH BTClong | +0.0096% | 1h | 85,422 | long leg | $23.9M | $149.4M | 50x | |
| Popdex BTCUSDT | +0.0096% | 1h | 85,415 | −0.008% | $8.4M | $55.2M | 100x | as long as short |
| Bullet BTC-USD | +0.0098% | 1h | 85,410 | −0.014% | $205K | $3.3M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,392 | −0.035% | $241K | $8.4M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,465.6 | +0.051% | $5.7M | $9.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,488 | +0.077% | $3.78B | $5.03B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,443.1 | +0.025% | $40.4M | $590.4M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,412.8 | −0.011% | $5.17B | $9.87B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,427.4 | +0.006% | $2.59B | $12.12B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,410 | −0.014% | $3.8M | $17.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,414.5 | −0.009% | $4.7M | $99.2M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,410.1 | −0.014% | $5.52B | $10.88B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,400.7 | −0.025% | $36.5M | $177.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,465 | +0.050% | $154.3M | $564.7M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,433.7 | +0.014% | $279.1M | $933.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,483.8 | +0.072% | $214.6M | $169.0M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,403 | −0.022% | $139.6M | $316.3M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,402.1 | −0.023% | $30.2M | $206.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,473.3 | +0.060% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,416 | −0.007% | $11.1M | $14.3M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,400.7 | −0.025% | $2.5M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,453.7 | +0.037% | $206K | $737K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,395 | −0.032% | $30.0M | $50.2M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,390.4 | −0.037% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,404.4 | −0.021% | $2.26B | $949.1M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,404.3 | −0.021% | $678.7M | $662.5M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,385.4 | −0.043% | $45.7M | $234.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,435.6 | +0.016% | — | $106.6M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,437.2 | +0.018% | $117.8M | $5.27B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0106% | 1h | 85,412.8 | −0.011% | $6.6M | $147.2M | 40x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,427.7 | +0.007% | $187.7M | $956.3M | 100x | as long as short |
| Kalshi KXBTCPERP | +0.0164% | 8h | 85,444 | +0.026% | $11.4M | $751.6M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,446.2 | +0.028% | $8.7M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC]short | L +0.0176% / S −0.0151% | 1h | 85,424.2 | +0.003% | $13.0M | — | 200x | |
| Hibachi BTC/USDT-P | +0.0224% | 1h | 85,524.1 | +0.120% | $701K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0245% | 1h | 85,474.2 | +0.061% | $79K | $223K | 20x | as long as short |
Injective BTC/USDC PERP
SoDEX BTC-USD
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Deribit BTC-PERPETUAL
Lighter BTC
Popdex BTCUSDT
Bullet BTC-USD
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
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
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kraken Futures PF_XBTUSD
Kalshi KXBTCPERP
RISEx BTC/USDC
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD