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 16:00 UTC+0.0004%/8h
next payment, per $10,000+$0.01paid, last 24h−0.020%paid, last 7 days−0.161%to open and close $10k−$12
Long on Lighter RHShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH BTC86,247.80.0096pay 0.0012% / 1h46m 46s$25.0M$136.3M50x
ShortBackpack BTC_USDC_PERP86,247.50.0100get 0.0013% / 1h46m 46s$39.4M$103.5M75x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$0.84
Slippage, 4 orders
−$1.54
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$10.7
Break-even
96.2 days
Slippage from Lighter RH: live order book, 4 min ago; Backpack: live order book, 4 min ago.

Price risk

price view
Price gap now
0.000%
Avg gap 7d
−0.043%
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 RH live order book, 4 min ago0.01 bp0.0 bp $00.4 bp −$43.1 bp −$30623.7 bp −$11.9K
Sell Backpack live order book, 4 min ago0.01 bp5.0 bp −$55.0 bp −$506.2 bp −$61833.1 bp −$16.6K

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Perpl BTC−0.0223%43m$445K$30.1M6.7xas long as short
edgeX BTCUSDC−0.0091%4h$278.7M$860.1M100xas long as short
01 Exchange BTCUSD−0.0088%1h$282K$2.4M50xas long as short
Phoenix BTC−0.0086%1h$2.0M$10.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h$9K$3K50xas long as short
Aftermath Perps BTCUSD−0.0078%1h$87K$154K20xas long as short
Reya BTCRUSDPERP−0.0024%1h$6.7M$137.5M40xas long as short
Phemex BTCUSDT−0.0020%8h$157.9M$396.0M150xas long as short
Gate BTC_USDT−0.0009%8h$6.16B$9.21B200xas long as short
Bitget BTCUSDT−0.0005%8h$2.96B$4.61B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BingX BTC-USDT−0.0005%8h—$1.37B—as long as short
dYdX BTC-USD0.0000%1h$16.9M$16.4M50xas long as short
BloFin BTC-USDT0.0000%8h$427.3M$537.1M150xas long as short
ApeX Omni BTCUSDT+0.0002%1h$139.3M$318.5M100xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h$36.9M—200xas long as short
OKX BTC-USDT-SWAP+0.0035%8h$2.63B$11.49B100xas long as short
Aster BTCUSDT+0.0048%8h$490.1M$1.11B200xas long as short
KuCoin XBTUSDTM+0.0050%8h$792.9M$615.3M125xas long as short
HTX BTC-USDT+0.0056%8h$2.31B$820.5M200xas long as short
SoDEX BTC-USD+0.0069%1h$61.1M$283.3M40xas long as short
Kraken Futures PF_XBTUSD+0.0071%1h$184.0M$802.3M100xas long as short
MEXC BTC_USDT+0.0079%8h$5.01B$4.97B500xas long as short
Binance BTCUSDT+0.0079%8h$9.62B$21.30B150xas long as short
Aevo BTC-PERP+0.0080%1h$2.4M$1.6M20xas long as short
Paradex BTC-USD-PERP+0.0082%8h$4.4M$6.6M50xas long as short
Lighter BTC+0.0096%1h$172.0M$909.6M50xas long as short
Lighter RH BTClong+0.0096%1h$25.0M$136.3M50x
Popdex BTCUSDT+0.0096%1h$8.5M$44.6M100xas long as short
Katana Perps BTC-USD+0.0100%8h$190K$5.4M50xas long as short
Nado BTC-PERP+0.0100%1h$23.7M$230.2M50xas long as short
Pacifica BTC+0.0100%1h$37.1M$342.8M50xas long as short
Bybit BTCUSDT+0.0100%8h$5.15B$8.37B150xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$3.9M$16.2M25xas long as short
Arcus BTC-USD+0.0100%1h$5.4M$81.6M40xas long as short
Backpack BTC_USDC_PERPshort+0.0100%1h$39.4M$103.5M75x
Variational Omni BTC+0.0100%8h$172.0M$502.1M—as long as short
StandX BTC-USD+0.0100%1h$30.7M$238.8M40xas long as short
Vest BTC-PERP+0.0100%1h—$12.6M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$11.0M$11.5M50xas long as short
Bullet BTC-USD+0.0100%1h$245K$3.3M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h$2.4M$7.1M100xas long as short
Bluefin BTC-PERP+0.0100%1h$144K$405K40xas long as short
Derive BTC-PERP+0.0100%1h$30.3M$58.2M15xas long as short
SunX BTC-USDT+0.0100%8h$3.4M$5.9M100xas long as short
Bulk BTC-USD+0.0100%1h$541.8M$78.7M40xas long as short
Extended BTC-USD+0.0104%1h$48.3M$207.8M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$87.9M500xas long as short
Coinbase International BTC-PERP-INTX+0.0104%1h$150.8M$6.25B50xas long as short
Injective BTC/USDC PERP+0.0108%1h$305K$27.0M52xas long as short
Kalshi KXBTCPERP+0.0109%8h$10.2M$554.2M6.4xas long as short
RISEx BTC/USDC+0.0128%1h$8.5M$38.6M25xas long as short
Hibachi BTC/USDT-P+0.0144%1h$627K$7.3M30xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0174% / S −0.0150%1h$12.4M—200xas long as short
Hyperliquid BTC+0.0309%1h$3.93B$4.32B40xas long as short
Deribit BTC-PERPETUAL+0.0314%1h$882.7M$1.03B50xas long as short