Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.007%
Price spread now: OKX against Lighter RH−0.016%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$110.114% of the position
Funding, last 7 days−0.035%−$4 on $10k
+Price spread, last 7 days+0.027%+$3 · spread now −0.016%, 7d avg −0.009%
=Together, before fees−0.008%+ 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 | 85,613.8 | 0.0096 | pay 0.0012% / 1h | 51m 12s | $23.9M | $147.9M | 50x |
| Short | OKX BTC-USDT-SWAP | 85,600 | 0.0100 | get 0.0100% / 8h | 3h 51m | $2.59B | $12.16B | 100x |
Lighter RH BTC
OKX BTC-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.016% → −0.009%
- −$0.76
- Slippage, 4 orders
- −$1.42
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$11.35
- Costs to cover
- 0.114%
- Break-even
- 101.5 days
Slippage from Lighter RH: live order book, 3 min ago; OKX: live order book, 3 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 | 0.34 bp | 0.3 bp $0 | 0.9 bp −$9 | 2.7 bp −$273 | 23.0 bp −$11.5K |
| Sell OKX live order book, 3 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.7 bp −$572 | 6.9 bp −$3,443 |
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 | 85,690 | +0.089% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,637 | +0.027% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0038% | 8h | 85,620.8 | +0.008% | $917.3M | $756.0M | 125x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,606.8 | −0.008% | $417.7M | $675.3M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 85,645.9 | +0.037% | $366K | $2.3M | 50x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,681.5 | +0.079% | $16.8M | $21.2M | 50x | as long as short |
| Nado BTC-PERP | +0.0001% | 1h | 85,640 | +0.031% | $24.8M | $222.7M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,644.2 | +0.036% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0013% | 8h | 85,620.6 | +0.008% | $515.8M | $1.10B | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0016% | 1h | 85,658.5 | +0.052% | $884.8M | $1.59B | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
dYdX BTC-USD
Nado BTC-PERP
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Deribit BTC-PERPETUALShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,690 | +0.089% | $340K | $26.9M | 52x | as long as short |
| BingX BTC-USDC | +0.0063% | 8h | 85,620.2 | +0.007% | — | $17.1M | — | as long as short |
| Phemex BTCUSDT | +0.0068% | 8h | 85,594.2 | −0.023% | $148.6M | $490.2M | 150x | as long as short |
| SoDEX BTC-USD | +0.0079% | 1h | 85,613 | −0.001% | $60.0M | $336.1M | 40x | as long as short |
| Bitget BTCUSDT | +0.0081% | 8h | 85,600 | −0.016% | $2.96B | $5.10B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0091% | 1h | 85,630 | +0.019% | $6.6M | $146.9M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,611.2 | −0.003% | $172.1M | $1.01B | 50x | as long as short |
| Lighter RH BTClong | +0.0096% | 1h | 85,613.8 | long leg | $23.9M | $147.9M | 50x | |
| Popdex BTCUSDT | +0.0096% | 1h | 85,622 | +0.010% | $8.7M | $54.2M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,614.2 | +0.001% | $2.5M | $1.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,603 | −0.013% | $200K | $8.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,709.1 | +0.111% | $5.5M | $9.2M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,715 | +0.118% | $3.79B | $5.01B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,666.5 | +0.062% | $40.5M | $582.0M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,596 | −0.021% | $9.41B | $24.31B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,594.8 | −0.022% | $5.19B | $9.84B | 150x | as long as short |
| OKX BTC-USDT-SWAPshort | +0.0100% | 8h | 85,600 | −0.016% | $2.59B | $12.16B | 100x | |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,606 | −0.009% | $3.8M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,618.3 | +0.005% | $4.3M | $98.4M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,638.8 | +0.029% | $5.53B | $10.75B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,594.8 | −0.022% | $5.06B | $5.63B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,641.2 | +0.032% | $35.9M | $176.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,637.7 | +0.028% | $153.8M | $564.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,619.2 | +0.006% | $279.6M | $925.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,677.6 | +0.075% | $215.0M | $168.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,670.8 | +0.067% | $140.1M | $315.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,680 | +0.077% | $30.3M | $208.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,694.9 | +0.095% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,628 | +0.017% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,637 | +0.027% | $196K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,621.9 | +0.009% | $2.4M | $8.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,668.2 | +0.064% | $207K | $739K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,620.4 | +0.008% | $30.0M | $50.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,601.5 | −0.014% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,600 | −0.016% | $2.27B | $946.5M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,665.1 | +0.060% | $677.0M | $718.2M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,594.4 | −0.023% | $44.8M | $231.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,669.7 | +0.065% | — | $107.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,643 | +0.034% | $117.3M | $5.22B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,614.9 | +0.001% | $188.1M | $956.9M | 100x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,661.7 | +0.056% | $8.9M | $42.8M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0201% / S −0.0177% | 1h | 85,641.2 | +0.032% | $13.1M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0231% | 8h | 85,684 | +0.082% | $12.0M | $757.2M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0234% | 1h | 85,682.8 | +0.081% | $79K | $220K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0256% | 1h | 85,697.1 | +0.097% | $701K | $7.9M | 30x | as long as short |
| Perpl BTC | +0.0335% | 43m | 85,633.6 | +0.023% | $505K | $18.8M | 6.7x | as long as short |
Injective BTC/USDC PERP
BingX BTC-USDC
Phemex BTCUSDT
SoDEX BTC-USD
Bitget BTCUSDT
Reya BTCRUSDPERP
Lighter BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
MEXC 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
Bullet 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
Kraken Futures PF_XBTUSD
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC