Funding you earn now, next payment 01:00 UTC+0.0176%/8h= +19.3% APRnext payment +$0.22 per $10,000 · paid last 24h +0.053%
Price spread now: Lighter against Hotstuff+0.024%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHotstuff: Active · Lighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.024% dearer against Hotstuff than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff BTC-PERP | 86,381 | −0.0080 | get 0.0010% / 1h | 30m 02s | $9K | $3K | 50x |
| Short | Lighter BTC | 86,401.4 | 0.0096 | get 0.0012% / 1h | 30m 02s | $170.5M | $985.7M | 50x |
Hotstuff BTC-PERP
Lighter BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Hotstuff. 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
- $36.96
- Price spread: +0.024% → 0.000%
- $2.36
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $34.32
- Costs to cover
- 0.050%
- Break-even
- 0.5 days
Slippage unknown: Hotstuff: no order-book sample; Lighter: live order book, 4 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 4 min ago | 0.03 bp | 0.0 bp $0 | 0.1 bp −$1 | 0.8 bp −$80 | 4.0 bp −$1,978 |
Hotstuff: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0419% | 1h | 86,411.7 | +0.036% | $144K | $666K | 40x | as long as short |
| Phoenix BTC | −0.0129% | 1h | 86,337 | −0.051% | $2.2M | $11.2M | 40x | as long as short |
| Hotstuff BTC-PERPlong | −0.0080% | 1h | 86,381 | long leg | $9K | $3K | 50x | |
| 01 Exchange BTCUSD | −0.0032% | 1h | 86,376.4 | −0.005% | $361K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,391.9 | +0.013% | $482K | $21.6M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,392 | +0.013% | $36.9M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0022% | 8h | 86,401.2 | +0.023% | $501.1M | $1.14B | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,358 | −0.027% | $343K | $26.9M | 52x | as long as short |
| dYdX BTC-USD | +0.0026% | 1h | 86,374.9 | −0.007% | $16.9M | $20.5M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0041% | 8h | 86,382.6 | +0.002% | $830.9M | $720.7M | 125x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Injective BTC/USDC PERP
dYdX BTC-USD
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0045% | 1h | 86,359.6 | −0.025% | $6.7M | $145.7M | 40x | as long as short |
| BingX BTC-USDT | +0.0050% | 8h | 86,411.4 | +0.035% | — | $1.57B | — | as long as short |
| RISEx BTC/USDC | +0.0052% | 1h | 86,376.6 | −0.005% | $8.3M | $42.5M | 25x | as long as short |
| Deribit BTC-PERPETUAL | +0.0061% | 1h | 86,419.2 | +0.044% | $902.6M | $1.51B | 50x | as long as short |
| Bitget BTCUSDT | +0.0063% | 8h | 86,405.5 | +0.028% | $2.97B | $5.04B | 150x | as long as short |
| Phemex BTCUSDT | +0.0074% | 8h | 86,381.2 | 0.000% | $154.3M | $473.6M | 150x | as long as short |
| MEXC BTC_USDT | +0.0077% | 8h | 86,389.8 | +0.010% | $5.14B | $5.70B | 500x | as long as short |
| Binance BTCUSDT | +0.0077% | 8h | 86,406.1 | +0.029% | $9.42B | $24.29B | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 86,370.3 | −0.012% | $2.5M | $1.7M | 20x | as long as short |
| HTX BTC-USDT | +0.0081% | 8h | 86,365.3 | −0.018% | $2.29B | $964.6M | 200x | as long as short |
| Lighter BTCshort | +0.0096% | 1h | 86,401.4 | +0.024% | $170.5M | $985.7M | 50x | |
| Lighter RH BTC | +0.0096% | 1h | 86,402.1 | +0.024% | $23.7M | $149.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,364 | −0.020% | $8.4M | $51.9M | 100x | as long as short |
| SoDEX BTC-USD | +0.0097% | 1h | 86,380 | −0.001% | $60.4M | $338.2M | 40x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,346 | −0.041% | $202K | $7.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,385.4 | +0.005% | $4.2M | $8.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,375.1 | −0.007% | $22.0M | $228.1M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,465 | +0.097% | $3.79B | $5.00B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,398.9 | +0.021% | $40.7M | $551.7M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,416 | +0.041% | $5.26B | $9.66B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,422 | +0.047% | $2.57B | $12.49B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,385 | +0.005% | $3.9M | $17.9M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,390.8 | +0.011% | $7.2M | $94.9M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,348 | −0.038% | $573.1M | $19.8M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 86,415.9 | +0.040% | $5.80B | $10.54B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,399.7 | +0.022% | $37.5M | $157.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,377.3 | −0.004% | $158.2M | $561.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,352.6 | −0.033% | $278.9M | $950.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,334.3 | −0.054% | $216.8M | $165.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,356.3 | −0.029% | $141.6M | $321.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,327 | −0.063% | $30.6M | $209.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,409.2 | +0.033% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,366 | −0.017% | $11.1M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,375.6 | −0.006% | $192K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,374.1 | −0.008% | $2.4M | $8.9M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,403.8 | +0.026% | $30.5M | $58.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,359.4 | −0.025% | $3.4M | $5.2M | 100x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,394.8 | +0.016% | $45.9M | $222.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,380.1 | −0.001% | — | $98.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,425.8 | +0.052% | $132.2M | $5.40B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,413.4 | +0.038% | $192.4M | $942.2M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0166% | 1h | 86,401.9 | +0.024% | $77K | $217K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0168% | 1h | 86,433.2 | +0.060% | $711K | $7.9M | 30x | as long as short |
| BloFin BTC-USDT | +0.0197% | 8h | 86,370.5 | −0.012% | $415.9M | $645.9M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0205% / S −0.0219% | 1h | 86,389.4 | +0.010% | $14.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0209% | 8h | 86,398 | +0.020% | $10.2M | $763.5M | 6.4x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDT
RISEx BTC/USDC
Deribit BTC-PERPETUAL
Bitget BTCUSDT
Phemex BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
HTX BTC-USDT
Lighter RH BTC
Popdex BTCUSDT
SoDEX BTC-USD
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
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
Derive BTC-PERP
SunX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP