Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: SunX against Lighter+0.010%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$110.111% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.010%, 7d avg −0.024%
=Together, before fees−0.072%+ Points / potential airdropLighter: Season 3 · farm board−$7 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: SunX is 0.034% dearer against Lighter than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.024%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BTC | 85,204.8 | 0.0096 | pay 0.0012% / 1h | 35m 31s | $168.7M | $1.02B | 50x |
| Short | SunX BTC-USDT | 85,213.2 | 0.0100 | get 0.0100% / 8h | 35m 31s | $2.9M | $6.1M | 100x |
Lighter BTC
SunX BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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: +0.010% → −0.024%
- $3.42
- Slippage, 4 orders
- −$3.07
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$6.81
- Costs to cover
- 0.111%
- Break-even
- 63.7 days
Slippage from Lighter: live order book, 9 min ago; SunX: live order book, 3 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, 9 min ago | 0.01 bp | 0.0 bp $0 | 0.2 bp −$2 | 1.0 bp −$99 | 3.4 bp −$1,676 |
| Sell SunX live order book, 3 min ago | 0.60 bp | 5.3 bp −$5 | 6.0 bp −$60 | 8.0 bp −$797 | 11.0 bp −$5,517 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,200 | −0.006% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,354 | +0.175% | $2.3M | $10.8M | 40x | as long as short |
| KuCoin XBTUSDTM | −0.0024% | 8h | 85,189.4 | −0.018% | $928.0M | $776.8M | 125x | as long as short |
| BloFin BTC-USDT | −0.0022% | 8h | 85,235.9 | +0.037% | $420.5M | $681.9M | 150x | as long as short |
| Aster BTCUSDT | −0.0006% | 8h | 85,178.7 | −0.031% | $509.3M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,195.1 | −0.011% | $346K | $2.3M | 50x | as long as short |
| dYdX BTC-USD | +0.0004% | 1h | 85,225.3 | +0.024% | $16.7M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,245.9 | +0.048% | $36.5M | — | 200x | as long as short |
| ApeX Omni BTCUSDT | +0.0020% | 1h | 85,214.8 | +0.012% | $139.7M | $312.6M | 100x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,238.4 | +0.039% | $185.6M | $954.1M | 100x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
ApeX Omni BTCUSDT
Kraken Futures PF_XBTUSDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0065% | 8h | 85,184.6 | −0.024% | — | $1.57B | — | as long as short |
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,249 | +0.052% | $338K | $24.7M | 52x | as long as short |
| Deribit BTC-PERPETUAL | +0.0074% | 1h | 85,262.8 | +0.068% | $840.8M | $1.66B | 50x | as long as short |
| Bybit BTCUSDT | +0.0081% | 8h | 85,175.1 | −0.035% | $5.12B | $10.00B | 150x | as long as short |
| Nado BTC-PERP | +0.0088% | 1h | 85,226.6 | +0.026% | $24.0M | $220.6M | 50x | as long as short |
| Bitget BTCUSDT | +0.0092% | 8h | 85,189.4 | −0.018% | $2.97B | $5.19B | 150x | as long as short |
| Lighter BTClong | +0.0096% | 1h | 85,204.8 | long leg | $168.7M | $1.02B | 50x | |
| Lighter RH BTC | +0.0096% | 1h | 85,204.1 | −0.001% | $23.6M | $148.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,192 | −0.015% | $8.4M | $57.5M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,228.2 | +0.027% | $2.4M | $6.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0097% | 8h | 85,188 | −0.020% | $5.03B | $5.74B | 500x | as long as short |
| Binance BTCUSDT | +0.0097% | 8h | 85,186 | −0.022% | $9.37B | $25.10B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,168 | −0.043% | $269K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,238.6 | +0.040% | $5.8M | $9.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,268 | +0.074% | $3.74B | $5.08B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,225.7 | +0.025% | $39.9M | $606.5M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,189.4 | −0.018% | $2.59B | $12.21B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,206 | +0.001% | $3.8M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,201.9 | −0.003% | $4.6M | $97.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,188.8 | −0.019% | $5.49B | $11.06B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,213.7 | +0.010% | $37.3M | $186.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,196.3 | −0.010% | $155.5M | $553.2M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,229.3 | +0.029% | $282.6M | $957.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,333.8 | +0.151% | $214.3M | $158.5M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,195.8 | −0.011% | $30.0M | $210.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,262.8 | +0.068% | — | $10.4M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,192 | −0.015% | $10.9M | $14.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,236 | +0.037% | $197K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,235.4 | +0.036% | $2.6M | $9.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,272.8 | +0.080% | $194K | $796K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,206.4 | +0.002% | $29.9M | $45.8M | 15x | as long as short |
| SunX BTC-USDTshort | +0.0100% | 8h | 85,213.2 | +0.010% | $2.9M | $6.1M | 100x | |
| SoDEX BTC-USD | +0.0100% | 1h | 85,224 | +0.023% | $59.6M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,220 | +0.018% | $2.25B | $970.3M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,243.4 | +0.045% | $159.0M | $515.0M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,299.3 | +0.111% | $693.1M | $258.2M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,160.6 | −0.052% | $45.5M | $241.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,195.9 | −0.010% | — | $106.0M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,250 | +0.053% | $112.0M | $5.48B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0139% | 1h | 85,178.3 | −0.031% | $6.6M | $145.7M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0171% | 8h | 85,248 | +0.051% | $12.1M | $737.0M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,210.8 | +0.007% | $8.7M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0147% | 1h | 85,240.9 | +0.042% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 85,246.5 | +0.049% | $682K | $7.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0298% | 1h | 85,335.3 | +0.153% | $80K | $253K | 20x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,199.6 | −0.006% | $474K | $18.4M | 6.7x | as long as short |
BingX BTC-USDT
Injective BTC/USDC PERP
Deribit BTC-PERPETUAL
Bybit BTCUSDT
Nado BTC-PERP
Bitget BTCUSDT
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
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
Bluefin BTC-PERP
Derive BTC-PERP
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Perpl BTC