data as of
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Funding arb /

BTC

all BTC markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 15:00 UTC−0.0096%/8h
next payment, per $10,000−$0.12paid, last 24h−0.034%paid, last 7 days−0.148%to open and close $10k−$22
Long on LighterShort on dYdX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BTC85,749.80.0096pay 0.0012% / 1h31m 22s$179.9M$869.0M50x
ShortdYdX BTC-USD85,745.10get 0.0000% / 1h31m 22s$16.7M$14.7M50x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$20.16
Slippage, 4 orders
−$12.2
Fee Lighter: 0 bp × 2 orders
$0
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$42.36
Break-even
never at this rate
Slippage from Lighter: live order book, 4 min ago; dYdX: live order book, 4 min ago.

Price risk

price view
Price gap now
−0.006%
Avg gap 7d
−0.012%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 4 min ago0.01 bp0.1 bp $00.1 bp −$10.7 bp −$713.4 bp −$1,676
Sell dYdX live order book, 4 min ago0.76 bp11.4 bp −$1116.5 bp −$16517.0 bp −$1,70227.0 bp −$13.5K

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bluefin BTC-PERP−0.0574%1h$143K$401K40xas long as short
Perpl BTC−0.0447%43m$396K$31.0M6.7xas long as short
01 Exchange BTCUSD−0.0096%1h$282K$2.3M50xas long as short
edgeX BTCUSDC−0.0094%4h$285.1M$809.0M100xas long as short
Hotstuff BTC-PERP−0.0080%1h$8K$3K50xas long as short
Aftermath Perps BTCUSD−0.0072%1h$86K$142K20xas long as short
ApeX Omni BTCUSDT−0.0045%1h$138.2M$316.7M100xas long as short
Reya BTCRUSDPERP−0.0031%1h$6.8M$137.2M40xas long as short
Phemex BTCUSDT−0.0013%8h$158.4M$377.7M150xas long as short
Gate BTC_USDT−0.0012%8h$6.09B$8.67B200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BingX BTC-USDC−0.0010%8h—$14.5M—as long as short
Bitget BTCUSDT−0.0009%8h$2.98B$4.32B150xas long as short
dYdX BTC-USDshort0.0000%1h$16.7M$14.7M50x
Kalshi KXBTCPERP0.0000%8h$9.0M$512.3M6.4xas long as short
gTrade (Gains Network) BTC/USDL +0.0004% / S −0.0004%1h$36.7M—200xas long as short
Phoenix BTC+0.0015%1h$1.6M$10.8M40xas long as short
SoDEX BTC-USD+0.0026%1h$56.8M$239.1M40xas long as short
HTX BTC-USDT+0.0038%8h$2.29B$785.3M200xas long as short
Aster BTCUSDT+0.0040%8h$489.8M$1.03B200xas long as short
Kraken Futures PF_XBTUSD+0.0042%1h$187.0M$760.0M100xas long as short
OKX BTC-USDT-SWAP+0.0050%8h$2.58B$10.83B100xas long as short
KuCoin XBTUSDTM+0.0064%8h$806.8M$581.5M125xas long as short
Nado BTC-PERP+0.0067%1h$24.1M$223.1M50xas long as short
Bullet BTC-USD+0.0069%1h$247K$3.3M20xas long as short
Paradex BTC-USD-PERP+0.0082%8h$4.3M$6.5M50xas long as short
Hibachi BTC/USDT-P+0.0088%1h$592K$7.2M30xas long as short
Aevo BTC-PERP+0.0088%1h$2.4M$1.7M20xas long as short
Binance BTCUSDT+0.0089%8h$9.61B$19.87B150xas long as short
MEXC BTC_USDT+0.0090%8h$4.98B$4.74B500xas long as short
Lighter BTClong+0.0096%1h$179.9M$869.0M50x
Lighter RH BTC+0.0096%1h$25.5M$133.0M50xas long as short
Popdex BTCUSDT+0.0096%1h$8.4M$41.2M100xas long as short
Katana Perps BTC-USD+0.0100%8h$197K$5.0M50xas long as short
Pacifica BTC+0.0100%1h$36.6M$317.3M50xas long as short
Bybit BTCUSDT+0.0100%8h$5.10B$7.92B150xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$3.9M$15.6M25xas long as short
Arcus BTC-USD+0.0100%1h$6.1M$77.8M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h$39.5M$100.3M75xas long as short
Variational Omni BTC+0.0100%8h$173.7M$466.2M—as long as short
StandX BTC-USD+0.0100%1h$30.6M$245.2M40xas long as short
Vest BTC-PERP+0.0100%1h—$13.1M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$10.8M$10.7M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h$2.4M$6.8M100xas long as short
Derive BTC-PERP+0.0100%1h$28.6M$55.7M15xas long as short
SunX BTC-USDT+0.0100%8h$3.3M$5.4M100xas long as short
Bulk BTC-USD+0.0100%1h$535.4M$59.7M40xas long as short
Extended BTC-USD+0.0104%1h$47.4M$201.7M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$86.7M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h$144.5M$6.18B50xas long as short
Hyperliquid BTC+0.0134%1h$3.87B$4.11B40xas long as short
RISEx BTC/USDC+0.0178%1h$8.5M$36.9M25xas long as short
Injective BTC/USDC PERP+0.0180%1h$308K$27.0M52xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0199% / S −0.0202%1h$13.3M—200xas long as short
BloFin BTC-USDT+0.0210%8h$420.6M$486.4M150xas long as short
Deribit BTC-PERPETUAL+0.0449%1h$854.9M$953.6M50xas long as short