BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.011%

Price spread now: Lighter RH against ApeX Omni−0.029%108s7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$140.135% of the position

Long on ApeX Omni Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 7 days+0.020%+$2 · spread now −0.029%, 7d avg +0.002%

Together, before fees+0.036%+ Points / potential airdropLighter RH: Points live · farm board+$4 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 0.031% cheaper against ApeX Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.002%. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BTCUSDT	85,531.6	0.0100	pay 0.0013% / 1h	3m 42s	$139.8M	$314.5M	100x
Short	Lighter RH BTC	85,507.1	0.0096	get 0.0012% / 1h	3m 42s	$23.7M	$149.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against ApeX Omni. 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee Lighter RHbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$0.84
Price spread: −0.029% → +0.002%: −$3.11
Slippage, 4 orders: −$3.55
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$17.49
Costs to cover: 0.135%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, just now; Lighter RH: live order book, 5 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 ApeX Omni live order book, just now	0.85 bp	5.9 bp −$6	5.9 bp −$59	10.0 bp −$998	41.3 bp −$20.7K
Sell Lighter RH live order book, 5 min ago	0.55 bp	1.2 bp −$1	1.3 bp −$13	3.3 bp −$331	23.7 bp −$11.9K

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
Perpl BTC	−0.0112%	43m	85,508.2	−0.027%	$528K	$18.3M	6.7x	as long as short
Phoenix BTC	−0.0111%	1h	85,577	+0.053%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,524	−0.009%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0051%	8h	85,477	−0.064%	$928.8M	$771.9M	125x	as long as short
BloFin BTC-USDT	−0.0023%	8h	85,517.3	−0.017%	$417.9M	$684.0M	150x	as long as short
Aster BTCUSDT	−0.0007%	8h	85,485.5	−0.054%	$514.1M	$1.09B	200x	as long as short
01 Exchange BTCUSD	0.0000%	1h	85,514.2	−0.020%	$354K	$2.4M	50x	as long as short
dYdX BTC-USD	+0.0002%	1h	85,535.9	+0.005%	$16.8M	$21.4M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,515.3	−0.019%	$36.5M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0023%	1h	85,349	−0.213%	$339K	$26.8M	52x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit BTC-PERPETUAL	+0.0035%	1h	85,528.6	−0.003%	$869.0M	$1.62B	50x	as long as short
Nado BTC-PERP	+0.0043%	1h	85,499.8	−0.037%	$24.6M	$222.5M	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0056%	1h	85,502.4	−0.034%	$188.4M	$953.9M	100x	as long as short
BingX BTC-USDT	+0.0069%	8h	85,492.3	−0.046%	—	$1.56B	—	as long as short
Phemex BTCUSDT	+0.0080%	8h	85,496	−0.042%	$148.9M	$507.0M	150x	as long as short
Bitget BTCUSDT	+0.0087%	8h	85,488.4	−0.050%	$2.96B	$5.18B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,501	−0.036%	$171.3M	$1.03B	50x	as long as short
Lighter RH BTCshort	+0.0096%	1h	85,507.1	−0.029%	$23.7M	$149.3M	50x
Popdex BTCUSDT	+0.0096%	1h	85,505	−0.031%	$8.4M	$55.9M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,495.3	−0.042%	$2.4M	$6.7M	20x	as long as short
Coinbase International BTC-PERP-INTX	+0.0096%	1h	85,527.6	−0.005%	$117.2M	$5.45B	50x	as long as short
MEXC BTC_USDT	+0.0097%	8h	85,480.9	−0.059%	$5.00B	$5.77B	500x	as long as short
Binance BTCUSDT	+0.0097%	8h	85,488.5	−0.050%	$9.45B	$24.92B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,466	−0.077%	$236K	$8.6M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,542.4	+0.013%	$5.8M	$9.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,570	+0.045%	$3.76B	$5.09B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,521.4	−0.012%	$40.0M	$598.7M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,487.3	−0.052%	$5.15B	$9.98B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,498.7	−0.038%	$2.59B	$12.26B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,494	−0.044%	$3.8M	$17.4M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,492.3	−0.046%	$4.6M	$98.8M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,501.7	−0.035%	$682.6M	$531.9M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,490.9	−0.048%	$5.51B	$11.10B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,481.8	−0.058%	$36.6M	$178.7M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,535.9	+0.005%	$155.0M	$560.6M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,505.3	−0.031%	$280.0M	$952.5M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,535.3	+0.004%	$214.9M	$167.4M	50x	as long as short
ApeX Omni BTCUSDTlong	+0.0100%	1h	85,531.6	long leg	$139.8M	$314.5M	100x
StandX BTC-USD	+0.0100%	1h	85,542	+0.012%	$30.2M	$207.2M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,572.3	+0.048%	—	$10.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,500	−0.037%	$11.0M	$14.5M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,505	−0.031%	$204K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,517.2	−0.017%	$2.6M	$9.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,537.3	+0.007%	$194K	$795K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,485	−0.054%	$30.0M	$48.0M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,479.1	−0.061%	$2.9M	$6.1M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,490	−0.049%	$59.8M	$336.3M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,493.1	−0.045%	$2.26B	$942.4M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	85,464.4	−0.079%	$44.5M	$240.6M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	85,526.6	−0.006%	—	$106.8M	500x	as long as short
Reya BTCRUSDPERP	+0.0120%	1h	85,496.3	−0.041%	$6.6M	$147.6M	40x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0176% / S −0.0151%	1h	85,513.5	−0.021%	$13.1M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0211%	8h	85,533	+0.002%	$11.4M	$743.6M	6.4x	as long as short
Aftermath Perps BTCUSD	+0.0233%	1h	85,552.4	+0.024%	$79K	$228K	20x	as long as short
Hibachi BTC/USDT-P	+0.0240%	1h	85,566	+0.040%	$694K	$8.0M	30x	as long as short
RISEx BTC/USDC	+0.0257%	1h	85,511.1	−0.024%	$8.8M	$43.2M	25x	as long as short