Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Ondo Perps against Lighter RH+0.067%7-day average −0.003% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.015%+$2 on $10k
+Price spread, last 7 days−0.232%−$23 · spread now +0.067%, 7d avg −0.003%
=Together, before fees−0.217%+ Points / potential airdropLighter RH: Points live · Ondo Perps: Active · farm board−$22 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.070% dearer against Lighter RH than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BTC | 86,453.4 | 0.0096 | pay 0.0012% / 1h | 56m 47s | $23.7M | $148.6M | 50x |
| Short | Ondo Perps BTC-USD.P | 86,511 | 0.0100 | get 0.0013% / 1h | 56m 47s | $3.9M | $18.1M | 25x |
Lighter RH BTC
Ondo Perps BTC-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo 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
- $0.84
- Price spread: +0.067% → −0.003%
- $6.95
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- $2.79
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Lighter RH: live order book, 2 min ago; Ondo 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, 2 min ago | 0.70 bp | 0.9 bp −$1 | 1.6 bp −$16 | 3.8 bp −$384 | 25.3 bp −$12.6K |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.1481% | 1h | 86,487.5 | +0.039% | $140K | $664K | 40x | as long as short |
| Phoenix BTC | −0.0118% | 1h | 86,544 | +0.105% | $2.2M | $11.2M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,487 | +0.039% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 86,492.8 | +0.046% | $361K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,492 | +0.045% | $413K | $22.2M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,494.6 | +0.048% | $37.0M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0013% | 1h | 86,503 | +0.057% | $16.9M | $21.2M | 50x | as long as short |
| Aster BTCUSDT | +0.0015% | 8h | 86,444.6 | −0.010% | $501.4M | $1.15B | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,616 | +0.188% | $333K | $26.9M | 52x | as long as short |
| KuCoin XBTUSDTM | +0.0028% | 8h | 86,449 | −0.005% | $834.3M | $727.9M | 125x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
dYdX BTC-USD
Aster BTCUSDT
Injective BTC/USDC PERP
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTCUSDT | +0.0039% | 8h | 86,451.7 | −0.002% | $5.26B | $9.77B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0039% | 1h | 86,467.9 | +0.017% | $6.7M | $145.7M | 40x | as long as short |
| BingX BTC-USDT | +0.0046% | 8h | 86,451.2 | −0.003% | — | $1.59B | — | as long as short |
| RISEx BTC/USDC | +0.0052% | 1h | 86,506 | +0.061% | $8.4M | $42.8M | 25x | as long as short |
| Bitget BTCUSDT | +0.0058% | 8h | 86,449.5 | −0.005% | $2.97B | $5.11B | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0059% | 1h | 86,483.2 | +0.034% | $908.5M | $1.50B | 50x | as long as short |
| SoDEX BTC-USD | +0.0071% | 1h | 86,439 | −0.017% | $60.4M | $338.1M | 40x | as long as short |
| MEXC BTC_USDT | +0.0076% | 8h | 86,443.9 | −0.011% | $5.14B | $5.64B | 500x | as long as short |
| Binance BTCUSDT | +0.0077% | 8h | 86,443.8 | −0.011% | $9.43B | $24.54B | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 86,468.9 | +0.018% | $2.5M | $1.3M | 20x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,451.4 | −0.002% | $170.2M | $979.7M | 50x | as long as short |
| Lighter RH BTClong | +0.0096% | 1h | 86,453.4 | long leg | $23.7M | $148.6M | 50x | |
| Popdex BTCUSDT | +0.0096% | 1h | 86,473 | +0.023% | $8.4M | $52.3M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,476 | +0.026% | $201K | $7.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,515.6 | +0.072% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,504.4 | +0.059% | $22.1M | $233.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,526 | +0.084% | $3.80B | $5.11B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,522.8 | +0.080% | $40.8M | $540.8M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,460.1 | +0.008% | $2.55B | $12.71B | 100x | as long as short |
| Ondo Perps BTC-USD.Pshort | +0.0100% | 1h | 86,511 | +0.067% | $3.9M | $18.1M | 25x | |
| Arcus BTC-USD | +0.0100% | 1h | 86,525 | +0.083% | $7.3M | $96.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,523.6 | +0.081% | $572.9M | $12.4M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 86,452.1 | −0.002% | $5.87B | $10.42B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,438.2 | −0.018% | $37.7M | $156.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,554.4 | +0.117% | $157.4M | $568.6M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,572.4 | +0.138% | $279.6M | $946.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,585.4 | +0.153% | $217.4M | $171.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,575 | +0.141% | $141.8M | $323.5M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,558 | +0.121% | $30.7M | $208.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,533.5 | +0.093% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,467 | +0.016% | $11.1M | $13.9M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,472.4 | +0.022% | $193K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,442.9 | −0.012% | $2.5M | $9.3M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,480.6 | +0.031% | $30.5M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,486.5 | +0.038% | $3.4M | $5.3M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,439.2 | −0.016% | $2.29B | $969.3M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 86,450.1 | −0.004% | $152.9M | $479.4M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,433.1 | −0.023% | $45.8M | $224.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,533.3 | +0.092% | — | $100.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,481.8 | +0.033% | $132.4M | $5.62B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,465.1 | +0.014% | $193.1M | $951.7M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0163% | 1h | 86,556.4 | +0.119% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0176% | 1h | 86,563.5 | +0.127% | $716K | $8.0M | 30x | as long as short |
| BloFin BTC-USDT | +0.0197% | 8h | 86,444.4 | −0.010% | $414.8M | $658.9M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0201% / S −0.0224% | 1h | 86,488 | +0.040% | $14.9M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0210% | 8h | 86,533 | +0.092% | $9.2M | $758.0M | 6.4x | as long as short |
Bybit BTCUSDT
Reya BTCRUSDPERP
BingX BTC-USDT
RISEx BTC/USDC
Bitget BTCUSDT
Deribit BTC-PERPETUAL
SoDEX BTC-USD
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Lighter BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Arcus BTC-USD
Bulk 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
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP