Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Lighter RH against StandX+0.009%47s7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$130.126% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 7 days−0.022%−$2 · spread now +0.009%, 7d avg +0.015%
=Together, before fees−0.016%+ Points / potential airdropStandX: Active · Lighter RH: Points live · farm board−$2 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | StandX BTC-USD | 85,525.5 | 0.0100 | pay 0.0013% / 1h | 18m 37s | $30.2M | $207.0M | 40x |
| Short | Lighter RH BTC | 85,533.6 | 0.0096 | get 0.0012% / 1h | 18m 37s | $23.9M | $148.8M | 50x |
StandX BTC-USD
Lighter RH BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against StandX. 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: +0.009% → +0.015%
- −$0.51
- Slippage, 4 orders
- −$4.58
- Fee StandX: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$13.93
- Costs to cover
- 0.126%
- Break-even
- never at this rate
Slippage from StandX: live order book, 1 min ago; Lighter RH: live order book, 6 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 StandX live order book, 1 min ago | 1.05 bp | 5.1 bp −$5 | 6.4 bp −$64 | 7.5 bp −$748 | 8.9 bp −$4,430 |
| Sell Lighter RH live order book, 6 min ago | 0.37 bp | 1.5 bp −$2 | 1.6 bp −$16 | 3.4 bp −$345 | 25.6 bp −$12.8K |
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 | −0.0140% | 1h | 85,468 | −0.067% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,553 | +0.032% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0044% | 8h | 85,518.8 | −0.008% | $920.1M | $758.1M | 125x | as long as short |
| BloFin BTC-USDT | −0.0026% | 8h | 85,549.9 | +0.029% | $420.0M | $676.4M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 85,544.7 | +0.022% | $365K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | −0.0006% | 8h | 85,512.9 | −0.015% | $515.0M | $1.10B | 200x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,535 | +0.011% | $506K | $18.7M | 6.7x | as long as short |
| Nado BTC-PERP | +0.0001% | 1h | 85,548.6 | +0.027% | $24.5M | $222.9M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,546.8 | +0.025% | $36.6M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0032% | 1h | 85,540 | +0.017% | $16.8M | $21.3M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Aster BTCUSDT
Perpl BTC
Nado BTC-PERP
gTrade (Gains Network) BTC/USD
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,552 | +0.031% | $340K | $26.9M | 52x | as long as short |
| SoDEX BTC-USD | +0.0053% | 1h | 85,543 | +0.020% | $59.9M | $336.0M | 40x | as long as short |
| BingX BTC-USDC | +0.0064% | 8h | 85,505.8 | −0.023% | — | $17.1M | — | as long as short |
| Phemex BTCUSDT | +0.0067% | 8h | 85,542.6 | +0.020% | $148.7M | $496.2M | 150x | as long as short |
| Bitget BTCUSDT | +0.0079% | 8h | 85,515.4 | −0.012% | $2.95B | $5.12B | 150x | as long as short |
| MEXC BTC_USDT | +0.0094% | 8h | 85,519.7 | −0.007% | $5.07B | $5.67B | 500x | as long as short |
| Binance BTCUSDT | +0.0094% | 8h | 85,518.4 | −0.008% | $9.45B | $24.44B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,535.4 | +0.012% | $172.1M | $1.02B | 50x | as long as short |
| Lighter RH BTCshort | +0.0096% | 1h | 85,533.6 | +0.009% | $23.9M | $148.8M | 50x | |
| Popdex BTCUSDT | +0.0096% | 1h | 85,529 | +0.004% | $8.4M | $55.0M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,510 | −0.018% | $2.8M | $2.2M | 20x | as long as short |
| Deribit BTC-PERPETUAL | +0.0096% | 1h | 85,588.7 | +0.074% | $872.0M | $1.60B | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,507 | −0.022% | $229K | $8.4M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,566.2 | +0.048% | $5.7M | $9.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,605.6 | +0.094% | $3.79B | $5.02B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,558.1 | +0.038% | $40.4M | $591.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,516.6 | −0.010% | $5.18B | $9.87B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,528.6 | +0.004% | $2.59B | $12.13B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,520 | −0.006% | $3.8M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,521.9 | −0.004% | $4.7M | $99.4M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,524.4 | −0.001% | $5.54B | $10.84B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,535.9 | +0.012% | $36.1M | $178.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,535 | +0.011% | $154.3M | $565.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,494.4 | −0.036% | $279.2M | $930.5M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,547.9 | +0.026% | $215.0M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,554.5 | +0.034% | $140.0M | $315.9M | 100x | as long as short |
| StandX BTC-USDlong | +0.0100% | 1h | 85,525.5 | long leg | $30.2M | $207.0M | 40x | |
| Vest BTC-PERP | +0.0100% | 1h | 85,589 | +0.074% | — | $11.0M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,532 | +0.008% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,524.2 | −0.002% | $202K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,526 | +0.001% | $2.5M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,576 | +0.059% | $207K | $738K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,518 | −0.009% | $30.0M | $50.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,508 | −0.020% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,534.6 | +0.011% | $2.26B | $949.8M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,447 | −0.092% | $679.5M | $701.9M | 40x | as long as short |
| Reya BTCRUSDPERP | +0.0102% | 1h | 85,522.7 | −0.003% | $6.6M | $147.1M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,489.9 | −0.042% | $45.7M | $235.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,568.6 | +0.050% | — | $106.3M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,586.5 | +0.071% | $117.2M | $5.26B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,573.5 | +0.056% | $188.0M | $957.1M | 100x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,556.9 | +0.037% | $8.6M | $42.9M | 25x | as long as short |
| Kalshi KXBTCPERP | +0.0176% | 8h | 85,567 | +0.049% | $11.5M | $753.9M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,540.2 | +0.017% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0240% | 1h | 85,593.2 | +0.079% | $701K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0251% | 1h | 85,540.2 | +0.017% | $78K | $222K | 20x | as long as short |
Injective BTC/USDC PERP
SoDEX BTC-USD
BingX BTC-USDC
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Popdex BTCUSDT
Aevo BTC-PERP
Deribit BTC-PERPETUAL
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
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
Reya BTCRUSDPERP
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
RISEx BTC/USDC
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD