Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.011%
Price spread now: ApeX Omni against Lighter−0.031%7-day average −0.001% · 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−$14as in the Price arb table
costs, in and out, $10k−$110.110% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 7 days+0.019%+$2 · spread now −0.031%, 7d avg −0.001%
=Together, before fees+0.008%+ Points / potential airdropLighter: Season 3 · farm board+$1 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: ApeX Omni is 0.029% cheaper against Lighter than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BTC | 86,610 | 0.0096 | pay 0.0012% / 1h | 44m 59s | $172.4M | $998.8M | 50x |
| Short | ApeX Omni BTCUSDT | 86,583.3 | 0.0100 | get 0.0013% / 1h | 44m 59s | $141.5M | $323.0M | 100x |
Lighter BTC
ApeX Omni BTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Lighter. 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: −0.031% → −0.001%
- −$2.93
- Slippage, 4 orders
- −$0.99
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$13.08
- Costs to cover
- 0.110%
- Break-even
- 116.0 days
Slippage from Lighter: live order book, 4 min ago; ApeX Omni: 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 Lighter live order book, 4 min ago | 0.01 bp | 0.0 bp $0 | 0.0 bp $0 | 0.6 bp −$64 | 3.4 bp −$1,716 |
| Sell ApeX Omni live order book, 4 min ago | 0.20 bp | 5.2 bp −$5 | 5.2 bp −$52 | 11.2 bp −$1,116 | 37.5 bp −$18.7K |
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 | −0.1446% | 1h | 86,625.8 | +0.018% | $141K | $618K | 40x | as long as short |
| Aftermath Perps BTCUSD | −0.0182% | 1h | 86,586.7 | −0.027% | $79K | $199K | 20x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,518 | −0.106% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,608 | −0.002% | $9K | $3K | 50x | as long as short |
| dYdX BTC-USD | −0.0016% | 1h | 86,587.1 | −0.026% | $17.5M | $20.3M | 50x | as long as short |
| Aster BTCUSDT | −0.0007% | 8h | 86,581.9 | −0.032% | $505.5M | $1.15B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,636.3 | +0.030% | $359K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,628.4 | +0.021% | $421K | $24.1M | 6.7x | as long as short |
| KuCoin XBTUSDTM | +0.0002% | 8h | 86,611.2 | +0.001% | $852.4M | $708.2M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,626.7 | +0.019% | $36.8M | — | 200x | as long as short |
Bluefin BTC-PERP
Aftermath Perps BTCUSD
Phoenix BTC
Hotstuff BTC-PERP
dYdX BTC-USD
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx BTC/USDC | +0.0006% | 1h | 86,619 | +0.010% | $8.6M | $43.2M | 25x | as long as short |
| Reya BTCRUSDPERP | +0.0022% | 1h | 86,594.5 | −0.018% | $6.7M | $144.7M | 40x | as long as short |
| Phemex BTCUSDT | +0.0024% | 8h | 86,595 | −0.017% | $149.6M | $473.0M | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,559 | −0.059% | $315K | $26.8M | 52x | as long as short |
| Hibachi BTC/USDT-P | +0.0024% | 1h | 86,594.3 | −0.018% | $734K | $8.1M | 30x | as long as short |
| BingX BTC-USDT | +0.0031% | 8h | 86,581.8 | −0.033% | — | $1.59B | — | as long as short |
| Deribit BTC-PERPETUAL | +0.0035% | 1h | 86,640.4 | +0.035% | $925.1M | $1.47B | 50x | as long as short |
| Bitget BTCUSDT | +0.0040% | 8h | 86,591.3 | −0.022% | $2.95B | $5.07B | 150x | as long as short |
| Aevo BTC-PERP | +0.0056% | 1h | 86,594 | −0.019% | $2.4M | $1.3M | 20x | as long as short |
| MEXC BTC_USDT | +0.0059% | 8h | 86,581.1 | −0.033% | $5.18B | $5.63B | 500x | as long as short |
| Binance BTCUSDT | +0.0059% | 8h | 86,583.9 | −0.030% | $9.43B | $24.32B | 150x | as long as short |
| Gate BTC_USDT | +0.0084% | 8h | 86,580.3 | −0.034% | $5.86B | $10.63B | 200x | as long as short |
| Bybit BTCUSDT | +0.0088% | 8h | 86,589.8 | −0.023% | $5.28B | $9.70B | 150x | as long as short |
| SoDEX BTC-USD | +0.0089% | 1h | 86,600 | −0.012% | $60.5M | $336.9M | 40x | as long as short |
| Lighter BTClong | +0.0096% | 1h | 86,610 | long leg | $172.4M | $998.8M | 50x | |
| Lighter RH BTC | +0.0096% | 1h | 86,619.3 | +0.011% | $24.0M | $151.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,612 | +0.002% | $8.5M | $52.2M | 100x | as long as short |
| Nado BTC-PERP | +0.0098% | 1h | 86,592.9 | −0.020% | $21.8M | $233.4M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,605 | −0.006% | $207K | $6.9M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,661.4 | +0.059% | $4.7M | $8.3M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,658.8 | +0.056% | $3.81B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,645 | +0.040% | $40.9M | $504.7M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,596.3 | −0.016% | $2.55B | $12.69B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,621 | +0.013% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,688.4 | +0.091% | $7.4M | $94.0M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,527.4 | −0.095% | $571.7M | $19.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,587.6 | −0.026% | $38.2M | $152.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,560.2 | −0.057% | $156.7M | $569.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,551.4 | −0.068% | $279.5M | $943.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,562.1 | −0.055% | $217.2M | $180.7M | 50x | as long as short |
| ApeX Omni BTCUSDTshort | +0.0100% | 1h | 86,583.3 | −0.031% | $141.5M | $323.0M | 100x | |
| StandX BTC-USD | +0.0100% | 1h | 86,567.6 | −0.049% | $30.7M | $202.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,652.9 | +0.050% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,616 | +0.007% | $11.1M | $13.5M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,609.5 | −0.001% | $193K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,609.3 | −0.001% | $2.5M | $8.6M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,601.1 | −0.010% | $30.0M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,601.9 | −0.009% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,602.7 | −0.008% | $2.30B | $958.6M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,574.9 | −0.041% | $46.5M | $224.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,597.9 | −0.014% | — | $98.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,641 | +0.036% | $131.8M | $5.74B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,633.6 | +0.027% | $191.4M | $936.7M | 100x | as long as short |
| BloFin BTC-USDT | +0.0179% | 8h | 86,599.9 | −0.012% | $415.4M | $653.3M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0180% / S −0.0208% | 1h | 86,621.5 | +0.013% | $15.1M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0189% | 8h | 86,628 | +0.021% | $9.6M | $726.1M | 6.4x | as long as short |
RISEx BTC/USDC
Reya BTCRUSDPERP
Phemex BTCUSDT
Injective BTC/USDC PERP
Hibachi BTC/USDT-P
BingX BTC-USDT
Deribit BTC-PERPETUAL
Bitget BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Gate BTC_USDT
Bybit BTCUSDT
SoDEX BTC-USD
Lighter RH BTC
Popdex BTCUSDT
Nado BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP