Funding you earn now, next payment 22:00 UTC+0.0058%/8h= +6.4% APRpaid last 24h +0.016%
Price spread now: Lighter RH against Bitget+0.048%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$140.135% of the position
Funding, last 7 days+0.064%+$6 on $10k
+Price spread, last 7 days−0.058%−$6 · spread now +0.048%, 7d avg +0.010%
=Together, before fees+0.006%+ Points / potential airdropLighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter RH is 0.038% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget BTCUSDT | 86,543 | 0.0038 | pay 0.0038% / 8h | 1h 59m | $2.95B | $5.09B | 150x |
| Short | Lighter RH BTC | 86,584.9 | 0.0096 | get 0.0012% / 1h | 59m 57s | $24.1M | $154.6M | 50x |
Bitget BTCUSDT
Lighter RH BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Bitget. 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
- $12.18
- Price spread: +0.048% → +0.010%
- $3.84
- Slippage, 4 orders
- −$1.54
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $2.48
- Costs to cover
- 0.135%
- Break-even
- 5.6 days
Slippage from Bitget: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bitget live order book, 4 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 6.3 bp −$631 | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 0.58 bp | 0.6 bp −$1 | 1.0 bp −$10 | 3.1 bp −$314 | 23.7 bp −$11.8K |
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 | −0.0248% | 1h | 86,615.5 | +0.084% | $81K | $193K | 20x | as long as short |
| Perpl BTC | −0.0223% | 43m | 86,606.5 | +0.073% | $425K | $24.5M | 6.7x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,561 | +0.021% | $2.2M | $12.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,582 | +0.045% | $9K | $3K | 50x | as long as short |
| dYdX BTC-USD | −0.0066% | 1h | 86,591.4 | +0.056% | $17.6M | $20.6M | 50x | as long as short |
| Aster BTCUSDT | −0.0003% | 8h | 86,554.1 | +0.013% | $505.4M | $1.16B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,612.9 | +0.081% | $360K | $2.4M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,599.6 | +0.065% | $927.6M | $1.47B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,611.2 | +0.079% | $36.8M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0005% | 8h | 86,539.2 | −0.004% | $849.7M | $709.7M | 125x | as long as short |
Aftermath Perps BTCUSD
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
dYdX BTC-USD
Aster BTCUSDT
01 Exchange BTCUSD
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0022% | 1h | 86,580.9 | +0.044% | $6.7M | $144.6M | 40x | as long as short |
| BingX BTC-USDT | +0.0030% | 8h | 86,551.8 | +0.010% | — | $1.59B | — | as long as short |
| Phemex BTCUSDT | +0.0032% | 8h | 86,569.9 | +0.031% | $149.6M | $472.6M | 150x | as long as short |
| Bitget BTCUSDTlong | +0.0038% | 8h | 86,543 | long leg | $2.95B | $5.09B | 150x | |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,614 | +0.082% | $315K | $26.8M | 52x | as long as short |
| Aevo BTC-PERP | +0.0056% | 1h | 86,586.4 | +0.050% | $2.4M | $1.3M | 20x | as long as short |
| MEXC BTC_USDT | +0.0058% | 8h | 86,547 | +0.005% | $5.18B | $5.73B | 500x | as long as short |
| Binance BTCUSDT | +0.0059% | 8h | 86,550.1 | +0.008% | $9.42B | $24.38B | 150x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,601.3 | +0.067% | $8.5M | $43.2M | 25x | as long as short |
| Gate BTC_USDT | +0.0081% | 8h | 86,563.9 | +0.024% | $5.85B | $10.72B | 200x | as long as short |
| Bybit BTCUSDT | +0.0086% | 8h | 86,555.1 | +0.014% | $5.28B | $9.74B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,569.8 | +0.031% | $172.0M | $1.02B | 50x | as long as short |
| Lighter RH BTCshort | +0.0096% | 1h | 86,584.9 | +0.048% | $24.1M | $154.6M | 50x | |
| Popdex BTCUSDT | +0.0096% | 1h | 86,588 | +0.052% | $8.5M | $52.3M | 100x | as long as short |
| OKX BTC-USDT-SWAP | +0.0099% | 8h | 86,551.1 | +0.009% | $2.55B | $12.73B | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,578 | +0.040% | $201K | $6.9M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,639.8 | +0.112% | $4.8M | $8.3M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,585.1 | +0.049% | $21.7M | $235.0M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,638.1 | +0.110% | $3.81B | $5.12B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,622.8 | +0.092% | $40.9M | $498.0M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,595 | +0.060% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,662.8 | +0.138% | $7.4M | $94.2M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,590.2 | +0.055% | $572.1M | $20.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,566.3 | +0.027% | $38.2M | $151.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,596.1 | +0.061% | $159.3M | $566.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,553.8 | +0.012% | $279.5M | $942.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,562.1 | +0.022% | $217.2M | $185.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,565.5 | +0.026% | $141.5M | $323.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,588.3 | +0.052% | $30.7M | $203.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,642.1 | +0.115% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,600 | +0.066% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,591 | +0.055% | $190K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,598.5 | +0.064% | $2.5M | $8.6M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,613 | +0.081% | $140K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,588.9 | +0.053% | $30.0M | $61.7M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,588.1 | +0.052% | $3.4M | $5.5M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,565 | +0.025% | $60.5M | $336.7M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,583.3 | +0.047% | $2.30B | $960.5M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,533.7 | −0.011% | $46.4M | $226.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,623.4 | +0.093% | — | $98.9M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0117% | 1h | 86,590.1 | +0.054% | $187.0M | $934.9M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,619.6 | +0.089% | $131.9M | $5.82B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0160% | 1h | 86,622.8 | +0.092% | $774K | $8.1M | 30x | as long as short |
| Kalshi KXBTCPERP | +0.0179% | 8h | 86,622 | +0.091% | $9.6M | $727.2M | 6.4x | as long as short |
| BloFin BTC-USDT | +0.0179% | 8h | 86,596.9 | +0.062% | $416.9M | $655.7M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0180% / S −0.0209% | 1h | 86,607.1 | +0.074% | $15.0M | — | 200x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDT
Phemex BTCUSDT
Injective BTC/USDC PERP
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
RISEx BTC/USDC
Gate BTC_USDT
Bybit BTCUSDT
Lighter BTC
Popdex BTCUSDT
OKX BTC-USDT-SWAP
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
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
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
Hibachi BTC/USDT-P
Kalshi KXBTCPERP
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]