Funding you earn now, next payment 23:00 UTC+0.0061%/8h= +6.7% APRpaid last 24h +0.020%
Price spread now: Lighter against BingX0.000%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$110.107% of the position
Funding, last 7 days+0.063%+$6 on $10k
+Price spread, last 7 days+0.003%$0 · spread now 0.000%, 7d avg +0.010%
=Together, before fees+0.065%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX BTC-USDT | 86,472.8 | 0.0035 | pay 0.0035% / 8h | 1h 19m | — | $1.59B | — |
| Short | Lighter BTC | 86,472.8 | 0.0096 | get 0.0012% / 1h | 19m 56s | $170.8M | $1.01B | 50x |
BingX BTC-USDT
Lighter BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BingX. 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
- $12.81
- Price spread: 0.000% → +0.010%
- −$0.96
- Slippage, 4 orders
- −$0.68
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $1.16
- Costs to cover
- 0.107%
- Break-even
- 6.4 days
Slippage from BingX: live order book, 9 min ago; Lighter: live order book, 4 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 BingX live order book, 9 min ago | 0.02 bp | 5.1 bp −$5 | 5.1 bp −$51 | 5.6 bp −$560 | 6.0 bp −$3,018 |
| Sell Lighter live order book, 4 min ago | 0.16 bp | 0.3 bp $0 | 0.7 bp −$7 | 1.9 bp −$185 | 4.3 bp −$2,145 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0896% | 1h | 86,479.3 | +0.008% | $140K | $620K | 40x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,503 | +0.035% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,498 | +0.029% | $9K | $3K | 50x | as long as short |
| Aster BTCUSDT | −0.0009% | 8h | 86,472.2 | −0.001% | $504.3M | $1.15B | 200x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 86,492.5 | +0.023% | $359K | $2.4M | 50x | as long as short |
| Aftermath Perps BTCUSD | −0.0006% | 1h | 86,529 | +0.065% | $82K | $217K | 20x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,549.5 | +0.089% | $424K | $23.8M | 6.7x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,496.1 | +0.027% | $921.0M | $1.48B | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0002% | 8h | 86,466 | −0.008% | $851.0M | $711.5M | 125x | as long as short |
| dYdX BTC-USD | +0.0004% | 1h | 86,541 | +0.079% | $17.0M | $21.1M | 50x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
Aster BTCUSDT
01 Exchange BTCUSD
Aftermath Perps BTCUSD
Perpl BTC
Deribit BTC-PERPETUAL
KuCoin XBTUSDTM
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,505 | +0.037% | $36.8M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0006% | 1h | 86,497.3 | +0.028% | $8.5M | $43.0M | 25x | as long as short |
| Reya BTCRUSDPERP | +0.0023% | 1h | 86,472.8 | 0.000% | $6.7M | $145.0M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,559 | +0.100% | $315K | $26.8M | 52x | as long as short |
| BingX BTC-USDTlong | +0.0035% | 8h | 86,472.8 | long leg | — | $1.59B | — | |
| Phemex BTCUSDT | +0.0035% | 8h | 86,460.9 | −0.014% | $149.7M | $476.9M | 150x | as long as short |
| Bitget BTCUSDT | +0.0045% | 8h | 86,473.1 | 0.000% | $2.95B | $5.10B | 150x | as long as short |
| MEXC BTC_USDT | +0.0063% | 8h | 86,473.4 | +0.001% | $5.14B | $5.69B | 500x | as long as short |
| Aevo BTC-PERP | +0.0064% | 1h | 86,462.5 | −0.012% | $2.4M | $1.3M | 20x | as long as short |
| Binance BTCUSDT | +0.0064% | 8h | 86,471.1 | −0.002% | $9.43B | $24.42B | 150x | as long as short |
| Gate BTC_USDT | +0.0079% | 8h | 86,469.9 | −0.003% | $5.85B | $10.73B | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0088% | 1h | 86,561.8 | +0.103% | $717K | $8.2M | 30x | as long as short |
| Bybit BTCUSDT | +0.0091% | 8h | 86,471.4 | −0.002% | $5.25B | $9.77B | 150x | as long as short |
| Lighter BTCshort | +0.0096% | 1h | 86,472.8 | 0.000% | $170.8M | $1.01B | 50x | |
| Lighter RH BTC | +0.0096% | 1h | 86,486.8 | +0.016% | $24.1M | $152.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,489 | +0.019% | $8.5M | $52.4M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,473 | 0.000% | $204K | $6.9M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,549.3 | +0.088% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,492.8 | +0.023% | $22.0M | $234.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,534 | +0.071% | $3.80B | $5.09B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,531.2 | +0.068% | $40.8M | $513.3M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,470.8 | −0.002% | $2.54B | $12.74B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,504 | +0.036% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,565 | +0.107% | $7.4M | $94.3M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,498.7 | +0.030% | $571.7M | $18.6M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,452.3 | −0.024% | $37.8M | $155.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,498.8 | +0.030% | $156.2M | $568.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,398.5 | −0.086% | $279.2M | $947.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,484.6 | +0.014% | $217.1M | $175.1M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,464.3 | −0.010% | $141.4M | $323.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,483.3 | +0.012% | $30.7M | $203.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,542.9 | +0.081% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,483 | +0.012% | $11.1M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,489 | +0.019% | $190K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,472.8 | 0.000% | $2.4M | $8.7M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,460.8 | −0.014% | $30.2M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,491.9 | +0.022% | $3.4M | $5.4M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,458 | −0.017% | $60.4M | $337.2M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,486.9 | +0.016% | $2.30B | $968.5M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,458.1 | −0.017% | $45.4M | $226.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,514.4 | +0.048% | — | $98.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,496.7 | +0.028% | $131.9M | $5.70B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,481 | +0.010% | $191.3M | $944.1M | 100x | as long as short |
| BloFin BTC-USDT | +0.0183% | 8h | 86,513.9 | +0.048% | $415.8M | $654.8M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0185% / S −0.0210% | 1h | 86,498.4 | +0.030% | $15.2M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0198% | 8h | 86,519 | +0.053% | $9.7M | $734.0M | 6.4x | as long as short |
gTrade (Gains Network) BTC/USD
RISEx BTC/USDC
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Gate BTC_USDT
Hibachi BTC/USDT-P
Bybit BTCUSDT
Lighter RH BTC
Popdex 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
Bulk BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP