Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.006%
Price spread now: MEXC against Lighter RH−0.020%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$60.059% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 7 days+0.032%+$3 · spread now −0.020%, 7d avg −0.011%
=Together, before fees−0.007%+ Points / potential airdropLighter RH: Points live · 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 | 85,501.8 | 0.0096 | pay 0.0012% / 1h | 48m 08s | $23.6M | $133.7M | 50x |
| Short | MEXC BTC_USDT | 85,484.9 | 0.0100 | get 0.0100% / 8h | 7h 48m | $5.05B | $5.72B | 500x |
Lighter RH BTC
MEXC BTC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $0.84
- Price spread: −0.020% → −0.011%
- −$0.86
- Slippage, 4 orders
- −$1.87
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$5.9
- Costs to cover
- 0.059%
- Break-even
- 56.1 days
Slippage from Lighter RH: live order book, 6 min ago; MEXC: live order book, 1 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 | 0.34 bp | 0.8 bp −$1 | 0.9 bp −$9 | 3.5 bp −$348 | 26.8 bp −$13.4K |
| Sell MEXC live order book, 1 min ago | 0.01 bp | 2.3 bp −$2 | 2.3 bp −$23 | 2.3 bp −$233 | 2.8 bp −$1,396 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,465 | −0.043% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,461.7 | −0.047% | $422.8M | $681.9M | 150x | as long as short |
| Injective BTC/USDC PERP | −0.0006% | 1h | 85,467 | −0.041% | $307K | $23.3M | 52x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,474 | −0.033% | $344K | $2.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,497.1 | −0.005% | $36.6M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0008% | 8h | 85,478.2 | −0.028% | $932.5M | $776.6M | 125x | as long as short |
| Aster BTCUSDT | +0.0029% | 8h | 85,478 | −0.028% | $502.5M | $1.08B | 200x | as long as short |
| dYdX BTC-USD | +0.0033% | 1h | 85,475.8 | −0.030% | $16.7M | $21.0M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0068% | 1h | 85,501.4 | 0.000% | $186.4M | $949.3M | 100x | as long as short |
| Phoenix BTC | +0.0075% | 1h | 85,516 | +0.017% | $2.3M | $10.4M | 40x | as long as short |
Hotstuff BTC-PERP
BloFin BTC-USDT
Injective BTC/USDC PERP
01 Exchange BTCUSD
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Aster BTCUSDT
dYdX BTC-USD
Kraken Futures PF_XBTUSD
Phoenix BTCShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0080% | 8h | 85,482.3 | −0.023% | — | $1.58B | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,502.3 | +0.001% | $170.4M | $941.4M | 50x | as long as short |
| Lighter RH BTClong | +0.0096% | 1h | 85,501.8 | long leg | $23.6M | $133.7M | 50x | |
| Popdex BTCUSDT | +0.0096% | 1h | 85,468 | −0.040% | $8.7M | $58.4M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,477.2 | −0.029% | $2.4M | $6.7M | 20x | as long as short |
| Deribit BTC-PERPETUAL | +0.0096% | 1h | 85,524.3 | +0.026% | $831.2M | $1.66B | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,442 | −0.070% | $265K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,491.8 | −0.012% | $5.7M | $9.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 85,456.5 | −0.053% | $24.1M | $218.8M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,481.4 | −0.024% | $40.1M | $605.5M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,487.2 | −0.017% | $9.41B | $25.11B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,479.6 | −0.026% | $5.09B | $10.01B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,485.9 | −0.019% | $2.61B | $12.23B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,469 | −0.038% | $3.9M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,470 | −0.037% | $4.6M | $97.5M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,453 | −0.057% | $700.3M | $171.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,484.5 | −0.020% | $5.50B | $9.86B | 200x | as long as short |
| MEXC BTC_USDTshort | +0.0100% | 8h | 85,484.9 | −0.020% | $5.05B | $5.72B | 500x | |
| Bitget BTCUSDT | +0.0100% | 8h | 85,485.1 | −0.020% | $2.98B | $5.16B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,480.4 | −0.025% | $37.8M | $193.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,465.8 | −0.042% | $155.8M | $547.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,416.6 | −0.100% | $283.2M | $960.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,448.6 | −0.062% | $214.4M | $157.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,449.8 | −0.061% | $136.7M | $313.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,472.1 | −0.035% | $30.1M | $217.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,548.9 | +0.055% | — | $9.7M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,259 | −0.284% | $10.9M | $14.9M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,490.7 | −0.013% | $200K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,490.3 | −0.013% | $2.7M | $9.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,531.1 | +0.034% | $194K | $796K | 40x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,503 | +0.001% | $2.9M | $6.5M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,483 | −0.022% | $59.8M | $336.7M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,483.9 | −0.021% | $2.26B | $974.9M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,490.3 | −0.013% | $160.6M | $517.3M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,468.6 | −0.039% | $45.7M | $241.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,474.3 | −0.032% | — | $107.4M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,532.4 | +0.036% | $111.6M | $5.46B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0147% | 1h | 85,479.1 | −0.027% | $6.6M | $139.4M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0148% | 1h | 85,493.4 | −0.010% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0187% | 8h | 85,499 | −0.003% | $10.6M | $739.2M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,488.6 | −0.015% | $8.9M | $42.8M | 25x | as long as short |
| Hyperliquid BTC | +0.0232% | 1h | 85,565 | +0.074% | $3.81B | $5.14B | 40x | as long as short |
| Derive BTC-PERP | +0.0240% | 1h | 85,554.9 | +0.062% | $28.9M | $49.3M | 15x | as long as short |
| Aftermath Perps BTCUSD | +0.0290% | 1h | 85,452.5 | −0.058% | $81K | $246K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0344% | 1h | 85,508.2 | +0.008% | $688K | $7.7M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,484.2 | −0.021% | $468K | $18.4M | 6.7x | as long as short |
BingX BTC-USDT
Lighter BTC
Popdex BTCUSDT
Aevo BTC-PERP
Deribit BTC-PERPETUAL
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Bitget BTCUSDT
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
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
RISEx BTC/USDC
Hyperliquid BTC
Derive BTC-PERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC