Settings8H · net · $10k
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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRnext payment +$0.15 per $10,000 · paid last 24h +0.004%
Price spread now: Lighter RH against RISEx+0.044%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$5as in the Price arb table
costs, in and out, $10k−$90.091% of the position
Long on RISExShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.009%+$1 on $10k
Price spread, last 7 days−0.083%−$8 · spread now +0.044%, 7d avg +0.001%
Together, before fees−0.074%+ Points / potential airdropLighter RH: Points live · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter RH is 0.042% dearer against RISEx than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.001%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx BTC/USDC86,392.7−0.0024get 0.0003% / 1h25m 00s$8.3M$42.8M25x
ShortLighter RH BTC86,430.60.0096get 0.0012% / 1h25m 00s$23.9M$152.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against RISEx. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$25.2
Price spread: +0.044% → +0.001%
$4.24
Slippage, 4 orders
−$3.1
Fee RISEx: 3 bp × 2 orders
−$6
Fee Lighter RH: 0 bp × 2 orders
$0
Net
$20.34
Costs to cover
0.091%
Break-even
1.4 days
Slippage from RISEx: live order book, 4 min ago; Lighter RH: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 4 min ago0.01 bp3.0 bp −$33.0 bp −$3010.0 bp −$1,004doesn't fit
Sell Lighter RH live order book, 4 min ago0.25 bp1.6 bp −$21.9 bp −$193.9 bp −$38925.3 bp −$12.7K

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix BTC−0.0118%1h86,430+0.043%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,384−0.010%$9K$3K50xas long as short
Injective BTC/USDC PERP−0.0035%1h86,568+0.203%$333K$26.8M52xas long as short
RISEx BTC/USDClong−0.0024%1h86,392.7long leg$8.3M$42.8M25x
01 Exchange BTCUSD−0.0016%1h86,396.8+0.005%$359K$2.5M50xas long as short
Aster BTCUSDT−0.0001%8h86,413.4+0.024%$501.4M$1.15B200xas long as short
Perpl BTC0.0000%43m86,390.9−0.002%$415K$23.1M6.7xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,406.9+0.016%$36.8M—200xas long as short
KuCoin XBTUSDTM+0.0017%8h86,411.9+0.022%$849.8M$715.7M125xas long as short
Reya BTCRUSDPERP+0.0032%1h86,387.9−0.006%$6.7M$145.5M40xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit BTC-PERPETUAL+0.0040%1h86,456.9+0.074%$914.5M$1.48B50xas long as short
BingX BTC-USDT+0.0042%8h86,422.6+0.035%—$1.59B—as long as short
Bitget BTCUSDT+0.0051%8h86,412.7+0.023%$2.96B$5.13B150xas long as short
Phemex BTCUSDT+0.0052%8h86,418.4+0.030%$150.6M$478.3M150xas long as short
dYdX BTC-USD+0.0064%1h86,399.5+0.008%$16.9M$21.2M50xas long as short
MEXC BTC_USDT+0.0068%8h86,418.9+0.030%$5.16B$5.67B500xas long as short
Binance BTCUSDT+0.0069%8h86,410.2+0.020%$9.42B$24.58B150xas long as short
Aevo BTC-PERP+0.0072%1h86,409.5+0.019%$2.4M$1.3M20xas long as short
Gate BTC_USDT+0.0081%8h86,419.5+0.031%$5.86B$10.77B200xas long as short
SoDEX BTC-USD+0.0087%1h86,416+0.027%$60.3M$338.0M40xas long as short
Lighter BTC+0.0096%1h86,432.5+0.046%$170.5M$1.02B50xas long as short
Lighter RH BTCshort+0.0096%1h86,430.6+0.044%$23.9M$152.4M50x
Popdex BTCUSDT+0.0096%1h86,378−0.017%$8.4M$52.4M100xas long as short
Bybit BTCUSDT+0.0097%8h86,415.7+0.027%$5.26B$9.81B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,356−0.043%$200K$7.1M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,425.2+0.038%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,391.8−0.001%$22.0M$234.5M50xas long as short
Hyperliquid BTC+0.0100%1h86,488+0.110%$3.79B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,417+0.028%$41.0M$529.8M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,426.2+0.039%$2.55B$12.73B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,392−0.001%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,422.4+0.034%$7.5M$95.3M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,415.3+0.026%$38.1M$155.8M75xas long as short
Variational Omni BTC+0.0100%8h86,405.8+0.015%$157.3M$568.1M—as long as short
edgeX BTCUSDC+0.0100%4h86,448.6+0.065%$279.2M$945.2M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,418.1+0.029%$217.0M$171.6M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,461.9+0.080%$141.4M$323.1M100xas long as short
StandX BTC-USD+0.0100%1h86,411+0.021%$30.6M$205.3M40xas long as short
Vest BTC-PERP+0.0100%1h86,433.5+0.047%—$11.9M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,385−0.009%$11.1M$13.9M50xas long as short
Bullet BTC-USD+0.0100%1h86,386.7−0.007%$189K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,411.7+0.022%$2.4M$9.3M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,422.3+0.034%$140K$664K40xas long as short
Derive BTC-PERP+0.0100%1h86,447.4+0.063%$30.5M$62.6M15xas long as short
SunX BTC-USDT+0.0100%8h86,378.3−0.017%$3.4M$5.4M100xas long as short
HTX BTC-USDT+0.0100%8h86,392.90.000%$2.29B$969.5M200xas long as short
Bulk BTC-USD+0.0100%1h86,464.9+0.084%$572.1M$16.9M40xas long as short
Extended BTC-USD+0.0104%1h86,400.3+0.009%$45.5M$227.4M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,408+0.018%—$98.9M500xas long as short
Kraken Futures PF_XBTUSD+0.0110%1h86,456.6+0.074%$192.2M$954.6M100xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,471.6+0.091%$132.4M$5.65B50xas long as short
Aftermath Perps BTCUSD+0.0150%1h86,473.3+0.093%$78K$219K20xas long as short
Hibachi BTC/USDT-P+0.0184%1h86,443.5+0.059%$727K$8.0M30xas long as short
BloFin BTC-USDT+0.0189%8h86,399.8+0.008%$416.8M$658.1M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0196% / S −0.0219%1h86,401.8+0.010%$15.0M—200xas long as short
Kalshi KXBTCPERP+0.0207%8h86,423+0.035%$9.8M$748.0M6.4xas long as short