Funding you earn now, next payment 06:00 UTC−0.0119%/8h= −13.0% APRpaid last 24h −0.032%
Price spread now: BloFin against Lighter−0.018%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$130.126% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.018%, 7d avg −0.020%
=Together, before fees−0.024%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BTC | 85,505.4 | 0.0096 | pay 0.0012% / 1h | 2m 53s | $171.3M | $1.03B | 50x |
| Short | BloFin BTC-USDT | 85,490.3 | −0.0023 | pay 0.0023% / 8h | 2h 02m | $417.7M | $683.9M | 150x |
Lighter BTC
BloFin BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$24.9
- Price spread: −0.018% → −0.020%
- $0.22
- Slippage, 4 orders
- −$0.62
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$37.3
- Costs to cover
- 0.126%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; BloFin: live order book, 6 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, 6 min ago | 0.30 bp | 0.3 bp $0 | 0.4 bp −$4 | 1.0 bp −$97 | 2.8 bp −$1,425 |
| Sell BloFin live order book, 6 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 6.6 bp −$658 | 8.1 bp −$4,044 |
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 | 85,494.2 | −0.013% | $528K | $18.3M | 6.7x | as long as short |
| Phoenix BTC | −0.0111% | 1h | 85,577 | +0.084% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,524 | +0.022% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0051% | 8h | 85,489.3 | −0.019% | $929.0M | $771.9M | 125x | as long as short |
| BloFin BTC-USDTshort | −0.0023% | 8h | 85,490.3 | −0.018% | $417.7M | $683.9M | 150x | |
| Aster BTCUSDT | −0.0007% | 8h | 85,488.2 | −0.020% | $514.1M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,500.7 | −0.005% | $354K | $2.4M | 50x | as long as short |
| dYdX BTC-USD | +0.0002% | 1h | 85,535.9 | +0.036% | $16.8M | $21.4M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,500 | −0.006% | $36.5M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,514 | +0.010% | $339K | $26.8M | 52x | as long as short |
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
Aster BTCUSDT
01 Exchange BTCUSD
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0042% | 1h | 85,479.1 | −0.031% | $24.7M | $222.6M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,517.8 | +0.014% | $188.3M | $954.2M | 100x | as long as short |
| Deribit BTC-PERPETUAL | +0.0064% | 1h | 85,538.2 | +0.038% | $869.0M | $1.62B | 50x | as long as short |
| BingX BTC-USDT | +0.0069% | 8h | 85,499.2 | −0.007% | — | $1.56B | — | as long as short |
| Phemex BTCUSDT | +0.0081% | 8h | 85,502.2 | −0.004% | $149.1M | $507.1M | 150x | as long as short |
| Bitget BTCUSDT | +0.0087% | 8h | 85,490 | −0.018% | $2.96B | $5.18B | 150x | as long as short |
| Lighter BTClong | +0.0096% | 1h | 85,505.4 | long leg | $171.3M | $1.03B | 50x | |
| Lighter RH BTC | +0.0096% | 1h | 85,510.7 | +0.006% | $23.7M | $149.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,489 | −0.019% | $8.4M | $55.9M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,490.9 | −0.017% | $2.4M | $6.7M | 20x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,548 | +0.050% | $117.1M | $5.46B | 50x | as long as short |
| MEXC BTC_USDT | +0.0097% | 8h | 85,496.8 | −0.010% | $5.00B | $5.77B | 500x | as long as short |
| Binance BTCUSDT | +0.0097% | 8h | 85,494.5 | −0.013% | $9.45B | $24.93B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,466 | −0.046% | $236K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,542.4 | +0.043% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,578 | +0.085% | $3.76B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,521.4 | +0.019% | $40.0M | $598.7M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,487.9 | −0.020% | $5.15B | $9.98B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,495.9 | −0.011% | $2.59B | $12.26B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,494 | −0.013% | $3.8M | $17.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,492.3 | −0.015% | $4.6M | $98.8M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,501.7 | −0.004% | $682.6M | $531.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,499.1 | −0.007% | $5.52B | $11.11B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,489.2 | −0.019% | $36.6M | $178.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,535.9 | +0.036% | $155.0M | $560.6M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,528.5 | +0.027% | $280.1M | $953.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,535.3 | +0.035% | $214.9M | $167.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,528 | +0.026% | $139.8M | $314.5M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,537.1 | +0.037% | $30.2M | $207.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,554.2 | +0.057% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,490 | −0.018% | $11.0M | $14.5M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,488.7 | −0.020% | $204K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,502.2 | −0.004% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,536.2 | +0.036% | $194K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,482.8 | −0.026% | $30.0M | $48.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,470.7 | −0.041% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,498 | −0.009% | $59.8M | $336.3M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,481.1 | −0.028% | $2.26B | $942.2M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,462.5 | −0.050% | $44.5M | $240.6M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,507.5 | +0.002% | — | $106.8M | 500x | as long as short |
| Reya BTCRUSDPERP | +0.0120% | 1h | 85,481.1 | −0.028% | $6.6M | $147.6M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,494.5 | −0.013% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0211% | 8h | 85,521 | +0.018% | $11.4M | $743.7M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0234% | 1h | 85,519.3 | +0.016% | $79K | $228K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0240% | 1h | 85,546.4 | +0.048% | $694K | $8.0M | 30x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,511.1 | +0.007% | $8.8M | $43.2M | 25x | as long as short |
Nado BTC-PERP
Kraken Futures PF_XBTUSD
Deribit BTC-PERPETUAL
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Coinbase International BTC-PERP-INTX
MEXC BTC_USDT
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-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
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
RISEx BTC/USDC