Funding you earn now, next payment 07:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h −0.006%
Price spread now: MEXC against Lighter RH−0.053%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$50.055% of the position
Funding, last 7 days−0.041%−$4 on $10k
+Price spread, last 7 days+0.071%+$7 · spread now −0.053%, 7d avg −0.011%
=Together, before fees+0.030%+ Points / potential airdropLighter RH: Points live · farm board+$3 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: MEXC is 0.042% cheaper against Lighter RH than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BTC | 85,336 | 0.0096 | pay 0.0012% / 1h | 43m 42s | $23.6M | $147.7M | 50x |
| Short | MEXC BTC_USDT | 85,290.6 | 0.0093 | get 0.0093% / 8h | 1h 43m | $5.01B | $5.74B | 500x |
Lighter RH BTC
MEXC BTC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Lighter RH. 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
- −$0.63
- Price spread: −0.053% → −0.011%
- −$4.24
- Slippage, 4 orders
- −$1.48
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$10.35
- Costs to cover
- 0.055%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 5 min ago; MEXC: live order book, 5 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 RH live order book, 5 min ago | 0.13 bp | 1.3 bp −$1 | 1.6 bp −$16 | 4.2 bp −$416 | 26.9 bp −$13.5K |
| Sell MEXC live order book, 5 min ago | 0.01 bp | 2.0 bp −$2 | 2.0 bp −$20 | 2.1 bp −$207 | 2.4 bp −$1,221 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0082% | 1h | 85,262 | −0.087% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,279 | −0.067% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0047% | 8h | 85,290.6 | −0.053% | $928.4M | $773.5M | 125x | as long as short |
| BloFin BTC-USDT | −0.0027% | 8h | 85,340.8 | +0.006% | $421.7M | $684.3M | 150x | as long as short |
| Aster BTCUSDT | −0.0012% | 8h | 85,281.5 | −0.064% | $512.5M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,322.4 | −0.016% | $16.7M | $21.5M | 50x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,354.3 | +0.021% | $355K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,348 | +0.014% | $535K | $18.3M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,340.2 | +0.005% | $36.5M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0012% | 1h | 85,344.3 | +0.010% | $867.9M | $1.64B | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
dYdX BTC-USD
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
Deribit BTC-PERPETUALShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0040% | 1h | 85,315 | −0.025% | $24.4M | $222.7M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0057% | 1h | 85,405 | +0.081% | $339K | $26.8M | 52x | as long as short |
| ApeX Omni BTCUSDT | +0.0068% | 1h | 85,268.8 | −0.079% | $139.4M | $314.4M | 100x | as long as short |
| BingX BTC-USDC | +0.0070% | 8h | 85,273.2 | −0.074% | — | $17.5M | — | as long as short |
| Bitget BTCUSDT | +0.0088% | 8h | 85,288.8 | −0.055% | $2.96B | $5.19B | 150x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0089% | 1h | 85,321.4 | −0.017% | $186.7M | $956.5M | 100x | as long as short |
| Binance BTCUSDT | +0.0093% | 8h | 85,290.1 | −0.054% | $9.42B | $25.00B | 150x | as long as short |
| MEXC BTC_USDTshort | +0.0093% | 8h | 85,290.6 | −0.053% | $5.01B | $5.74B | 500x | |
| SoDEX BTC-USD | +0.0094% | 1h | 85,303 | −0.039% | $59.7M | $336.9M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,300.6 | −0.041% | $170.0M | $1.02B | 50x | as long as short |
| Lighter RH BTClong | +0.0096% | 1h | 85,336 | long leg | $23.6M | $147.7M | 50x | |
| Popdex BTCUSDT | +0.0096% | 1h | 85,338 | +0.002% | $8.4M | $56.0M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,300.2 | −0.042% | $2.4M | $6.7M | 20x | as long as short |
| Phemex BTCUSDT | +0.0098% | 8h | 85,313.5 | −0.026% | $150.5M | $508.7M | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,320 | −0.019% | $238K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,386 | +0.059% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,371 | +0.041% | $3.74B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,360.6 | +0.029% | $40.0M | $602.6M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,292.1 | −0.051% | $5.14B | $10.01B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,300.1 | −0.042% | $2.59B | $12.28B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,330 | −0.007% | $3.8M | $17.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,354 | +0.021% | $4.6M | $98.7M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,301.4 | −0.041% | $5.50B | $10.98B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,304.5 | −0.037% | $36.7M | $178.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,207.4 | −0.151% | $154.6M | $558.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,253.2 | −0.097% | $279.3M | $952.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,259.3 | −0.090% | $214.0M | $167.0M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,235 | −0.118% | $30.0M | $204.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,382.4 | +0.054% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,327 | −0.011% | $11.0M | $14.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,329 | −0.008% | $201K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,309.9 | −0.031% | $2.6M | $9.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,354.5 | +0.022% | $193K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,289.5 | −0.054% | $29.9M | $47.8M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,331.7 | −0.005% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,304.9 | −0.036% | $2.26B | $970.2M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,294.8 | −0.048% | $682.6M | $475.0M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,271.4 | −0.076% | $44.7M | $240.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,353.7 | +0.021% | — | $107.1M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,349.3 | +0.016% | $117.4M | $5.46B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0125% | 1h | 85,316.7 | −0.023% | $6.6M | $147.6M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0152% | 1h | 85,336.4 | +0.001% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0191% | 8h | 85,351 | +0.018% | $11.8M | $743.0M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0193% | 1h | 85,367.7 | +0.037% | $8.7M | $43.2M | 25x | as long as short |
| Hibachi BTC/USDT-P | +0.0240% | 1h | 85,327.4 | −0.010% | $689K | $8.0M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0258% | 1h | 85,345 | +0.011% | $79K | $229K | 20x | as long as short |
Nado BTC-PERP
Injective BTC/USDC PERP
ApeX Omni BTCUSDT
BingX BTC-USDC
Bitget BTCUSDT
Kraken Futures PF_XBTUSD
Binance BTCUSDT
SoDEX BTC-USD
Lighter BTC
Popdex BTCUSDT
Aevo BTC-PERP
Phemex 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
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
SunX BTC-USDT
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
RISEx BTC/USDC
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD