Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Lighter against Lighter RH−0.008%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$4as in the Price arb table
costs, in and out, $10k−$30.029% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 7 days+0.014%+$1 · spread now −0.008%, 7d avg 0.000%
=Together, before fees+0.007%+ Points / potential airdropLighter RH: Points live · Lighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BTC | 86,789.7 | 0.0096 | pay 0.0012% / 1h | 21m 21s | $24.1M | $153.9M | 50x |
| Short | Lighter BTC | 86,782.7 | 0.0096 | get 0.0012% / 1h | 21m 21s | $171.9M | $1.01B | 50x |
Lighter RH BTC
Lighter BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- Price spread: −0.008% → 0.000%
- −$0.83
- Slippage, 4 orders
- −$2.93
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$3.76
- Costs to cover
- 0.029%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 3 min ago; Lighter: live order book, 8 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, 3 min ago | 0.44 bp | 1.2 bp −$1 | 1.5 bp −$15 | 3.5 bp −$350 | 23.2 bp −$11.6K |
| Sell Lighter live order book, 8 min ago | 0.01 bp | 1.2 bp −$1 | 1.5 bp −$15 | 2.3 bp −$231 | 4.7 bp −$2,364 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps BTCUSD | −0.0236% | 1h | 86,738.4 | −0.059% | $85K | $188K | 20x | as long as short |
| Perpl BTC | −0.0223% | 43m | 86,786.1 | −0.004% | $429K | $24.8M | 6.7x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,781 | −0.010% | $2.2M | $12.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,726 | −0.073% | $9K | $3K | 50x | as long as short |
| dYdX BTC-USD | −0.0067% | 1h | 86,773.8 | −0.018% | $17.6M | $20.6M | 50x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,801.2 | +0.013% | $364K | $2.4M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,795.5 | +0.007% | $933.1M | $1.45B | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0004% | 8h | 86,789.1 | −0.001% | $849.4M | $707.2M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,784 | −0.007% | $36.9M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0009% | 8h | 86,755.1 | −0.040% | $506.7M | $1.16B | 200x | as long as short |
Aftermath Perps BTCUSD
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
dYdX BTC-USD
01 Exchange BTCUSD
Deribit BTC-PERPETUAL
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,737.6 | −0.060% | $6.7M | $144.4M | 40x | as long as short |
| Phemex BTCUSDT | +0.0023% | 8h | 86,768.9 | −0.024% | $150.2M | $471.8M | 150x | as long as short |
| BingX BTC-USDC | +0.0025% | 8h | 86,748.2 | −0.048% | — | $15.2M | — | as long as short |
| Bitget BTCUSDT | +0.0035% | 8h | 86,760.4 | −0.034% | $2.96B | $5.08B | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,639 | −0.174% | $315K | $26.8M | 52x | as long as short |
| Aevo BTC-PERP | +0.0056% | 1h | 86,762.1 | −0.032% | $2.4M | $1.3M | 20x | as long as short |
| MEXC BTC_USDT | +0.0058% | 8h | 86,747.2 | −0.049% | $5.19B | $5.70B | 500x | as long as short |
| Binance BTCUSDT | +0.0059% | 8h | 86,760 | −0.034% | $9.45B | $24.35B | 150x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,775 | −0.017% | $9.2M | $41.9M | 25x | as long as short |
| Gate BTC_USDT | +0.0082% | 8h | 86,760.8 | −0.033% | $5.86B | $10.67B | 200x | as long as short |
| OKX BTC-USDT-SWAP | +0.0083% | 8h | 86,776 | −0.016% | $2.56B | $12.75B | 100x | as long as short |
| Bybit BTCUSDT | +0.0085% | 8h | 86,758.5 | −0.036% | $5.29B | $9.71B | 150x | as long as short |
| Lighter BTCshort | +0.0096% | 1h | 86,782.7 | −0.008% | $171.9M | $1.01B | 50x | |
| Lighter RH BTClong | +0.0096% | 1h | 86,789.7 | long leg | $24.1M | $153.9M | 50x | |
| Popdex BTCUSDT | +0.0096% | 1h | 86,773 | −0.019% | $8.5M | $52.3M | 100x | as long as short |
| Variational Omni BTC | +0.0097% | 8h | 86,726.9 | −0.072% | $159.3M | $566.6M | — | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,760 | −0.034% | $202K | $6.8M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,821.9 | +0.037% | $4.8M | $8.2M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,773.4 | −0.019% | $21.8M | $235.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,815 | +0.029% | $3.82B | $5.11B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,805.1 | +0.018% | $41.0M | $492.6M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,785 | −0.005% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,837.3 | +0.055% | $7.5M | $94.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,792.1 | +0.003% | $573.3M | $22.0M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,768 | −0.025% | $38.1M | $148.4M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,783.9 | −0.007% | $280.3M | $951.8M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,756.8 | −0.038% | $217.9M | $187.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,768.2 | −0.025% | $141.6M | $322.5M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,768 | −0.025% | $30.8M | $204.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,823.3 | +0.039% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,766 | −0.027% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,760.1 | −0.034% | $197K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,774.5 | −0.018% | $2.5M | $8.5M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,787.6 | −0.002% | $141K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,769.3 | −0.023% | $30.0M | $61.8M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,762.2 | −0.032% | $3.4M | $5.5M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,760 | −0.034% | $60.6M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,762 | −0.032% | $2.30B | $958.8M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,749.6 | −0.046% | $46.3M | $227.8M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,779.6 | −0.012% | — | $98.9M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0116% | 1h | 86,797 | +0.008% | $188.0M | $933.8M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,812.2 | +0.026% | $132.2M | $5.86B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0139% | 8h | 86,784 | −0.007% | $9.6M | $726.9M | 6.4x | as long as short |
| BloFin BTC-USDT | +0.0177% | 8h | 86,733.1 | −0.065% | $417.1M | $654.9M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0180% / S −0.0209% | 1h | 86,777.1 | −0.014% | $15.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0216% | 1h | 86,784 | −0.007% | $698K | $7.1M | 30x | as long as short |
Reya BTCRUSDPERP
Phemex BTCUSDT
BingX BTC-USDC
Bitget BTCUSDT
Injective BTC/USDC PERP
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
RISEx BTC/USDC
Gate BTC_USDT
OKX BTC-USDT-SWAP
Bybit BTCUSDT
Popdex BTCUSDT
Variational Omni BTC
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
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
Coinbase International BTC-PERP-INTX
Kalshi KXBTCPERP
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P