Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: StandX against Lighter RH+0.026%7-day average −0.014% · 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−$120.121% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 7 days−0.027%−$3 · spread now +0.026%, 7d avg −0.014%
=Together, before fees−0.031%+ Points / potential airdropLighter RH: Points live · StandX: Active · 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: StandX is 0.040% dearer against Lighter RH than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BTC | 86,535.7 | 0.0096 | pay 0.0012% / 1h | 38m 53s | $24.0M | $151.9M | 50x |
| Short | StandX BTC-USD | 86,558 | 0.0100 | get 0.0013% / 1h | 38m 53s | $30.7M | $204.8M | 40x |
Lighter RH BTC
StandX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
StandX 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
- $0.84
- Price spread: +0.026% → −0.014%
- $3.97
- Slippage, 4 orders
- −$4.11
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee StandX: 4 bp × 2 orders
- −$8
- Net
- −$7.3
- Costs to cover
- 0.121%
- Break-even
- 67.8 days
Slippage from Lighter RH: live order book, 5 min ago; StandX: 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 | 0.77 bp | 0.8 bp −$1 | 0.9 bp −$9 | 3.3 bp −$326 | 29.8 bp −$14.9K |
| Sell StandX live order book, 5 min ago | 0.98 bp | 5.3 bp −$5 | 6.4 bp −$64 | 7.4 bp −$741 | 8.9 bp −$4,438 |
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 | −0.0118% | 1h | 86,598 | +0.072% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,541 | +0.006% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,568 | +0.037% | $333K | $26.8M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,551.1 | +0.018% | $8.3M | $42.9M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0024% | 1h | 86,550.3 | +0.017% | $360K | $2.5M | 50x | as long as short |
| Aster BTCUSDT | 0.0000% | 8h | 86,513.8 | −0.025% | $501.8M | $1.15B | 200x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,554.4 | +0.022% | $916.5M | $1.48B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,547.3 | +0.013% | $36.9M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0013% | 8h | 86,524.1 | −0.013% | $850.3M | $715.1M | 125x | as long as short |
| dYdX BTC-USD | +0.0027% | 1h | 86,584.4 | +0.056% | $17.0M | $21.1M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Aster BTCUSDT
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0028% | 1h | 86,536.1 | +0.001% | $6.7M | $145.4M | 40x | as long as short |
| BingX BTC-USDT | +0.0042% | 8h | 86,527.5 | −0.009% | — | $1.59B | — | as long as short |
| Phemex BTCUSDT | +0.0045% | 8h | 86,535.4 | 0.000% | $150.5M | $479.1M | 150x | as long as short |
| Bitget BTCUSDT | +0.0052% | 8h | 86,511.5 | −0.028% | $2.95B | $5.12B | 150x | as long as short |
| MEXC BTC_USDT | +0.0071% | 8h | 86,516.9 | −0.022% | $5.15B | $5.65B | 500x | as long as short |
| Binance BTCUSDT | +0.0072% | 8h | 86,523.9 | −0.014% | $9.43B | $24.57B | 150x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,518.4 | −0.020% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0082% | 8h | 86,516.9 | −0.022% | $5.88B | $10.75B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,522.7 | −0.015% | $170.4M | $1.01B | 50x | as long as short |
| Lighter RH BTClong | +0.0096% | 1h | 86,535.7 | long leg | $24.0M | $151.9M | 50x | |
| Popdex BTCUSDT | +0.0096% | 1h | 86,551 | +0.018% | $8.5M | $52.6M | 100x | as long as short |
| SoDEX BTC-USD | +0.0098% | 1h | 86,519 | −0.019% | $60.5M | $337.7M | 40x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,528.4 | −0.008% | $5.26B | $9.82B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,525 | −0.012% | $197K | $7.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,572 | +0.042% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,539.4 | +0.004% | $21.9M | $234.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,597.1 | +0.071% | $3.80B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,580.6 | +0.052% | $40.8M | $527.8M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,544.9 | +0.011% | $2.55B | $12.76B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,557 | +0.025% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,578.9 | +0.050% | $7.6M | $95.1M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,514.9 | −0.024% | $38.4M | $155.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,585.8 | +0.058% | $157.4M | $570.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,569.6 | +0.039% | $279.6M | $946.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,600.3 | +0.075% | $217.5M | $171.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,597.6 | +0.072% | $141.5M | $323.3M | 100x | as long as short |
| StandX BTC-USDshort | +0.0100% | 1h | 86,558 | +0.026% | $30.7M | $204.8M | 40x | |
| Vest BTC-PERP | +0.0100% | 1h | 86,591.9 | +0.065% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,538 | +0.003% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,530.7 | −0.006% | $190K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,531.5 | −0.005% | $2.4M | $9.0M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,556.8 | +0.024% | $140K | $663K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,556 | +0.023% | $30.6M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,517.8 | −0.021% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,514.4 | −0.025% | $2.30B | $970.9M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,562.5 | +0.031% | $572.7M | $17.7M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,499.8 | −0.041% | $45.5M | $227.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,564.1 | +0.033% | — | $98.9M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,541.4 | +0.007% | $193.4M | $951.6M | 100x | as long as short |
| Perpl BTC | +0.0112% | 43m | 86,559 | +0.027% | $417K | $23.2M | 6.7x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,558.1 | +0.026% | $132.6M | $5.67B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0125% | 1h | 86,594.8 | +0.068% | $79K | $218K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 86,625.4 | +0.104% | $728K | $8.1M | 30x | as long as short |
| BloFin BTC-USDT | +0.0192% | 8h | 86,525.3 | −0.012% | $415.4M | $658.3M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0193% / S −0.0215% | 1h | 86,541.6 | +0.007% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0209% | 8h | 86,565 | +0.034% | $9.6M | $744.0M | 6.4x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
Lighter BTC
Popdex BTCUSDT
SoDEX BTC-USD
Bybit BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
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
Kraken Futures PF_XBTUSD
Perpl BTC
Coinbase International BTC-PERP-INTX
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP