Funding you earn now, next payment 09:00 UTC−0.0152%/8h= −16.6% APRnext payment −$0.19 per $10,000 · paid last 24h −0.043%
Price spread now: Jupiter Perps against Lighter RH−0.080%7-day average −0.010% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.154%−$15 on $10k
+Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.080%, 7d avg −0.010%
=Together, before fees−0.084%+ Points / potential airdropLighter RH: Points live · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Jupiter Perps is 0.070% cheaper against Lighter RH than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.010%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BTC | 85,440 | 0.0096 | pay 0.0012% / 1h | 57m 39s | $23.6M | $133.3M | 50x |
| Short | Jupiter Perps WBTC-PERP | 85,371.7 | L +0.0104% / S +0.0056% | pay 0.0007% / 1h | 57m 39s | — | $106.7M | 500x |
Lighter RH BTC
Jupiter Perps WBTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Jupiter Perps 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
- −$31.92
- Price spread: −0.080% → −0.010%
- −$7.03
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Jupiter Perps: 6 bp × 2 orders
- −$12
- Net
- −$50.95
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Lighter RH: live order book, 7 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 RH live order book, 7 min ago | 0.56 bp | 0.6 bp −$1 | 0.8 bp −$8 | 3.4 bp −$337 | 24.5 bp −$12.3K |
| 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex BTCUSDT | −0.0437% | 8h | 85,395.9 | −0.052% | $159.4M | $516.9M | 150x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,396 | −0.051% | $8K | $2K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,341 | −0.116% | $2.3M | $10.4M | 40x | as long as short |
| Gate BTC_USDT | −0.0025% | 8h | 85,429.8 | −0.012% | $5.46B | $9.80B | 200x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,343.9 | −0.112% | $421.7M | $685.6M | 150x | as long as short |
| Injective BTC/USDC PERP | −0.0006% | 1h | 85,364 | −0.089% | $311K | $22.9M | 52x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,433.1 | −0.008% | $344K | $2.3M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0001% | 8h | 85,418.7 | −0.025% | $929.8M | $776.8M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,416.1 | −0.028% | $36.5M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0022% | 1h | 85,427.9 | −0.014% | $829.3M | $1.67B | 50x | as long as short |
Phemex BTCUSDT
Hotstuff BTC-PERP
Phoenix BTC
Gate BTC_USDT
BloFin BTC-USDT
Injective BTC/USDC PERP
01 Exchange BTCUSD
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Deribit BTC-PERPETUALShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BTCUSDT | +0.0022% | 8h | 85,417.1 | −0.027% | $503.0M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0027% | 1h | 85,413.1 | −0.032% | $16.7M | $21.0M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0068% | 1h | 85,409.3 | −0.036% | $186.4M | $953.8M | 100x | as long as short |
| BingX BTC-USDC | +0.0069% | 8h | 85,408.4 | −0.037% | — | $17.5M | — | as long as short |
| Nado BTC-PERP | +0.0089% | 1h | 85,379.9 | −0.070% | $24.1M | $220.1M | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,440.8 | +0.001% | $169.7M | $935.8M | 50x | as long as short |
| Lighter RH BTClong | +0.0096% | 1h | 85,440 | long leg | $23.6M | $133.3M | 50x | |
| Popdex BTCUSDT | +0.0096% | 1h | 85,411 | −0.034% | $8.7M | $57.8M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,408.1 | −0.037% | $2.4M | $6.7M | 20x | as long as short |
| ApeX Omni BTCUSDT | +0.0097% | 1h | 85,273.7 | −0.195% | $138.0M | $312.8M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,400 | −0.047% | $264K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,466.7 | +0.031% | $5.7M | $9.6M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,441 | +0.001% | $40.2M | $604.6M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,424.9 | −0.018% | $9.41B | $25.20B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,430 | −0.012% | $5.09B | $10.04B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,433 | −0.008% | $2.61B | $12.25B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,403 | −0.043% | $3.8M | $17.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,443.3 | +0.004% | $4.6M | $97.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,382 | −0.068% | $697.9M | $180.4M | 40x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,421.2 | −0.022% | $5.03B | $5.71B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,425.8 | −0.017% | $2.98B | $5.18B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,388.2 | −0.061% | $37.5M | $192.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,265.8 | −0.204% | $155.3M | $548.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,267.5 | −0.202% | $282.8M | $959.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,283.5 | −0.183% | $214.0M | $159.0M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,270.7 | −0.198% | $30.1M | $216.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,465.9 | +0.030% | — | $9.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,343 | −0.114% | $10.9M | $15.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,401.6 | −0.045% | $200K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,418.4 | −0.025% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,458.4 | +0.022% | $194K | $796K | 40x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,381.9 | −0.068% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,402 | −0.044% | $59.8M | $336.6M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,398.3 | −0.049% | $2.26B | $976.3M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,403.1 | −0.043% | $45.7M | $241.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERPshort | L +0.0104% / S +0.0056% | 1h | 85,371.7 | −0.080% | — | $106.7M | 500x | |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,446 | +0.007% | $111.9M | $5.47B | 50x | as long as short |
| Derive BTC-PERP | +0.0133% | 1h | 85,433.6 | −0.007% | $28.8M | $46.9M | 15x | as long as short |
| Reya BTCRUSDPERP | +0.0145% | 1h | 85,392.9 | −0.055% | $6.6M | $140.9M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0149% | 1h | 85,408.1 | −0.037% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0175% | 8h | 85,430 | −0.012% | $12.1M | $739.9M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,414 | −0.030% | $8.9M | $42.9M | 25x | as long as short |
| Hyperliquid BTC | +0.0264% | 1h | 85,487 | +0.055% | $3.79B | $5.11B | 40x | as long as short |
| Aftermath Perps BTCUSD | +0.0285% | 1h | 85,319.7 | −0.141% | $81K | $249K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0320% | 1h | 85,377.1 | −0.074% | $683K | $7.8M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,412.6 | −0.032% | $472K | $18.4M | 6.7x | as long as short |
Aster BTCUSDT
dYdX BTC-USD
Kraken Futures PF_XBTUSD
BingX BTC-USDC
Nado BTC-PERP
Lighter BTC
Popdex BTCUSDT
Aevo BTC-PERP
ApeX Omni BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
MEXC BTC_USDT
Bitget BTCUSDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Coinbase International BTC-PERP-INTX
Derive BTC-PERP
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
RISEx BTC/USDC
Hyperliquid BTC
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC