Funding you earn now, next payment 22:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.032%
Price spread now: Lighter RH against 01 Exchange+0.013%7-day average +0.013% · 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−$14as in the Price arb table
costs, in and out, $10k−$140.142% of the position
Funding, last 3 days (all we have)+0.090%+$9 on $10k
+Price spread, last 7 days−0.040%−$4 · spread now +0.013%, 7d avg +0.013%
=Together, before fees+0.049%+ Points / potential airdropLighter RH: Points live · farm board+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange BTCUSD | 86,756.3 | 0 | get 0.0000% / 1h | 25m 57s | $364K | $2.4M | 50x |
| Short | Lighter RH BTC | 86,767.2 | 0.0096 | get 0.0012% / 1h | 25m 57s | $24.0M | $153.6M | 50x |
01 Exchange BTCUSD
Lighter RH BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against 01 Exchange. 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
- $20.16
- Price spread: +0.013% → +0.013%
- −$0.02
- Slippage, 4 orders
- −$7.22
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $5.93
- Costs to cover
- 0.142%
- Break-even
- 4.9 days
Slippage from 01 Exchange: live order book, 3 min ago; Lighter RH: 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 01 Exchange live order book, 3 min ago | 0.01 bp | 9.4 bp −$9 | 10.6 bp −$106 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 0.48 bp | 0.5 bp $0 | 0.6 bp −$6 | 3.1 bp −$308 | 26.1 bp −$13.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps BTCUSD | −0.0235% | 1h | 86,655 | −0.117% | $85K | $188K | 20x | as long as short |
| Perpl BTC | −0.0223% | 43m | 86,737.5 | −0.022% | $431K | $24.8M | 6.7x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,583 | −0.200% | $2.2M | $12.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,653 | −0.119% | $9K | $3K | 50x | as long as short |
| dYdX BTC-USD | −0.0075% | 1h | 86,733.4 | −0.026% | $17.6M | $20.5M | 50x | as long as short |
| 01 Exchange BTCUSDlong | 0.0000% | 1h | 86,756.3 | long leg | $364K | $2.4M | 50x | |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,785.2 | +0.033% | $935.2M | $1.45B | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0002% | 8h | 86,742.6 | −0.016% | $847.6M | $704.9M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,782.1 | +0.030% | $36.9M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0008% | 8h | 86,744.4 | −0.014% | $506.6M | $1.16B | 200x | as long as short |
Aftermath Perps BTCUSD
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
dYdX BTC-USD
Deribit BTC-PERPETUAL
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,736.1 | −0.023% | $6.7M | $144.4M | 40x | as long as short |
| Phemex BTCUSDT | +0.0023% | 8h | 86,747.9 | −0.010% | $150.3M | $471.8M | 150x | as long as short |
| BingX BTC-USDT | +0.0025% | 8h | 86,748.2 | −0.009% | — | $1.60B | — | as long as short |
| Bitget BTCUSDT | +0.0032% | 8h | 86,755.1 | −0.001% | $2.96B | $5.08B | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,639 | −0.135% | $315K | $26.8M | 52x | as long as short |
| MEXC BTC_USDT | +0.0055% | 8h | 86,751.4 | −0.006% | $5.19B | $5.68B | 500x | as long as short |
| Binance BTCUSDT | +0.0055% | 8h | 86,749.3 | −0.008% | $9.45B | $24.33B | 150x | as long as short |
| Aevo BTC-PERP | +0.0056% | 1h | 86,754 | −0.003% | $2.4M | $1.3M | 20x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,726 | −0.035% | $9.2M | $42.0M | 25x | as long as short |
| OKX BTC-USDT-SWAP | +0.0078% | 8h | 86,770 | +0.016% | $2.56B | $12.74B | 100x | as long as short |
| Gate BTC_USDT | +0.0079% | 8h | 86,755.3 | −0.001% | $5.86B | $10.64B | 200x | as long as short |
| Bybit BTCUSDT | +0.0083% | 8h | 86,748.5 | −0.009% | $5.28B | $9.69B | 150x | as long as short |
| Variational Omni BTC | +0.0095% | 8h | 86,614.5 | −0.164% | $160.3M | $564.8M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,765.1 | +0.010% | $171.9M | $1.01B | 50x | as long as short |
| Lighter RH BTCshort | +0.0096% | 1h | 86,767.2 | +0.013% | $24.0M | $153.6M | 50x | |
| Popdex BTCUSDT | +0.0096% | 1h | 86,731 | −0.029% | $8.5M | $52.3M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,723 | −0.038% | $195K | $6.8M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,752.1 | −0.005% | $4.8M | $8.2M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,698.7 | −0.066% | $21.8M | $235.7M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,828 | +0.083% | $3.82B | $5.13B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,757.7 | +0.002% | $41.0M | $492.6M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,718 | −0.044% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,787.2 | +0.036% | $7.8M | $94.0M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,577.9 | −0.206% | $571.8M | $22.4M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,760.1 | +0.004% | $38.2M | $148.4M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,587 | −0.195% | $279.7M | $950.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,622.1 | −0.155% | $217.5M | $187.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,626.6 | −0.150% | $141.4M | $322.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,625.2 | −0.151% | $30.8M | $205.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,777.7 | +0.025% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,739 | −0.020% | $11.1M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,756.5 | 0.000% | $198K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,783.6 | +0.031% | $2.5M | $8.5M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,793.6 | +0.043% | $141K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,758.8 | +0.003% | $30.0M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,741.8 | −0.017% | $3.4M | $5.5M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,751 | −0.006% | $60.6M | $336.4M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,759.1 | +0.003% | $2.30B | $958.2M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,741.6 | −0.017% | $46.3M | $228.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,759.8 | +0.004% | — | $98.4M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0116% | 1h | 86,783.4 | +0.031% | $188.5M | $932.5M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,796 | +0.046% | $132.3M | $5.86B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0130% | 8h | 86,763 | +0.008% | $9.6M | $725.8M | 6.4x | as long as short |
| BloFin BTC-USDT | +0.0175% | 8h | 86,679.4 | −0.089% | $417.3M | $653.6M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0179% / S −0.0201% | 1h | 86,773.4 | +0.020% | $14.7M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0224% | 1h | 86,666.7 | −0.103% | $614K | $7.1M | 30x | as long as short |
Reya BTCRUSDPERP
Phemex BTCUSDT
BingX BTC-USDT
Bitget BTCUSDT
Injective BTC/USDC PERP
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
RISEx BTC/USDC
OKX BTC-USDT-SWAP
Gate BTC_USDT
Bybit BTCUSDT
Variational Omni BTC
Lighter BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
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
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Kalshi KXBTCPERP
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P