Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter RH against Vest−0.092%7-day average +0.002% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.033%+$3 on $10k
+Price spread, last 7 days+0.073%+$7 · spread now −0.092%, 7d avg +0.002%
=Together, before fees+0.106%+ Points / potential airdropVest: Active · Lighter RH: Points live · farm board+$11 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: Lighter RH is 0.094% cheaper against Vest than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest BTC-PERP | 85,371.6 | 0.0100 | pay 0.0013% / 1h | 38m 03s | — | $10.1M | 50x |
| Short | Lighter RH BTC | 85,292.8 | 0.0096 | get 0.0012% / 1h | 38m 03s | $23.6M | $148.2M | 50x |
Vest BTC-PERP
Lighter RH BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Vest. 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: −0.092% → +0.002%
- −$9.41
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$12.25
- Costs to cover
- 0.020%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Lighter RH: live order book, 6 min ago. 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 Vest no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 6 min ago | 0.11 bp | 1.3 bp −$1 | 1.7 bp −$17 | 3.7 bp −$373 | 22.8 bp −$11.4K |
Vest: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,307 | −0.076% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,392 | +0.024% | $2.3M | $10.8M | 40x | as long as short |
| KuCoin XBTUSDTM | −0.0025% | 8h | 85,304.9 | −0.078% | $929.3M | $775.6M | 125x | as long as short |
| BloFin BTC-USDT | −0.0022% | 8h | 85,311.6 | −0.070% | $420.7M | $681.9M | 150x | as long as short |
| Aster BTCUSDT | −0.0006% | 8h | 85,271.3 | −0.118% | $509.9M | $1.08B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,317.1 | −0.064% | $347K | $2.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,321.8 | −0.058% | $464K | $18.3M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0004% | 1h | 85,342.5 | −0.034% | $16.7M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,309.4 | −0.073% | $36.5M | — | 200x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,294.8 | −0.090% | $186.1M | $953.0M | 100x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Kraken Futures PF_XBTUSDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni BTCUSDT | +0.0063% | 1h | 85,387.6 | +0.019% | $139.8M | $312.7M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,342 | −0.035% | $338K | $24.7M | 52x | as long as short |
| BingX BTC-USDC | +0.0067% | 8h | 85,253.8 | −0.138% | — | $17.4M | — | as long as short |
| Bybit BTCUSDT | +0.0082% | 8h | 85,275.8 | −0.112% | $5.13B | $9.99B | 150x | as long as short |
| Nado BTC-PERP | +0.0083% | 1h | 85,305.3 | −0.078% | $24.1M | $220.3M | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0087% | 1h | 85,327.1 | −0.052% | $840.9M | $1.66B | 50x | as long as short |
| Bitget BTCUSDT | +0.0092% | 8h | 85,268.6 | −0.121% | $2.97B | $5.18B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,296.5 | −0.088% | $168.7M | $1.02B | 50x | as long as short |
| Lighter RH BTCshort | +0.0096% | 1h | 85,292.8 | −0.092% | $23.6M | $148.2M | 50x | |
| Popdex BTCUSDT | +0.0096% | 1h | 85,306 | −0.077% | $8.4M | $57.4M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,297.3 | −0.087% | $2.4M | $6.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0098% | 8h | 85,280.3 | −0.107% | $5.05B | $5.73B | 500x | as long as short |
| Binance BTCUSDT | +0.0098% | 8h | 85,275 | −0.113% | $9.40B | $25.02B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,286 | −0.100% | $270K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,350.4 | −0.025% | $5.8M | $9.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,362 | −0.011% | $3.75B | $5.07B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,342.4 | −0.034% | $40.0M | $606.5M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,275.1 | −0.113% | $2.60B | $12.20B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,303 | −0.080% | $3.8M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,316.3 | −0.065% | $4.7M | $96.8M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,280.6 | −0.107% | $5.50B | $11.04B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,266.2 | −0.123% | $37.2M | $186.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,361.8 | −0.011% | $156.0M | $553.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,384 | +0.015% | $283.1M | $956.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,395.4 | +0.028% | $214.4M | $158.5M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,331 | −0.048% | $30.1M | $210.5M | 40x | as long as short |
| Vest BTC-PERPlong | +0.0100% | 1h | 85,371.6 | long leg | — | $10.1M | 50x | |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,304 | −0.079% | $11.0M | $14.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,305 | −0.078% | $197K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,297.7 | −0.087% | $2.6M | $9.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,334 | −0.044% | $194K | $796K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,281.1 | −0.106% | $29.9M | $45.8M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,309.9 | −0.072% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,293 | −0.092% | $59.7M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,300 | −0.084% | $2.25B | $967.8M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,292.9 | −0.092% | $158.9M | $514.7M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,299.3 | −0.085% | $693.1M | $258.2M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,244.4 | −0.149% | $45.5M | $241.6M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,314.2 | −0.067% | — | $105.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,326.6 | −0.053% | $112.2M | $5.48B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0138% | 1h | 85,292.2 | −0.093% | $6.6M | $145.8M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0172% | 8h | 85,328 | −0.051% | $12.0M | $736.4M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,328 | −0.051% | $8.8M | $42.8M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0147% | 1h | 85,308.1 | −0.074% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 85,366.7 | −0.006% | $683K | $7.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0297% | 1h | 85,383.8 | +0.014% | $79K | $252K | 20x | as long as short |
ApeX Omni BTCUSDT
Injective BTC/USDC PERP
BingX BTC-USDC
Bybit BTCUSDT
Nado BTC-PERP
Deribit BTC-PERPETUAL
Bitget BTCUSDT
Lighter BTC
Popdex BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
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
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD