Funding you earn now, next payment 04:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h +0.032%
Price spread now: Lighter against BloFin+0.002%7-day average +0.020% · 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−$15as in the Price arb table
costs, in and out, $10k−$130.128% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)+0.094%+$9 · spread now +0.002%, 7d avg +0.020%
=Together, before fees+0.107%+ Points / potential airdropLighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin BTC-USDT | 85,452.4 | −0.0021 | get 0.0021% / 8h | 4h 14m | $417.8M | $668.4M | 150x |
| Short | Lighter BTC | 85,454.2 | 0.0096 | get 0.0012% / 1h | 14m 37s | $172.3M | $1.02B | 50x |
BloFin BTC-USDT
Lighter BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. 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
- $24.63
- Price spread: +0.002% → +0.020%
- −$1.76
- Slippage, 4 orders
- −$0.84
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $10.03
- Costs to cover
- 0.128%
- Break-even
- 4.1 days
Slippage from BloFin: live order book, 5 min ago; Lighter: 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 BloFin live order book, 5 min ago | 0.02 bp | 6.0 bp −$6 | 6.0 bp −$60 | 6.3 bp −$629 | 6.8 bp −$3,412 |
| Sell Lighter live order book, 5 min ago | 0.20 bp | 0.5 bp $0 | 0.5 bp −$5 | 1.0 bp −$104 | 3.8 bp −$1,908 |
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 | −0.0179% | 1h | 85,466 | +0.016% | $2.1M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,438 | −0.017% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0056% | 1h | 85,466.7 | +0.017% | $364K | $2.3M | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0026% | 8h | 85,443.2 | −0.011% | $919.1M | $752.1M | 125x | as long as short |
| BloFin BTC-USDTlong | −0.0021% | 8h | 85,452.4 | long leg | $417.8M | $668.4M | 150x | |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 85,467.7 | +0.018% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0011% | 8h | 85,441.9 | −0.012% | $515.0M | $1.10B | 200x | as long as short |
| dYdX BTC-USD | +0.0012% | 1h | 85,459.5 | +0.008% | $16.7M | $21.2M | 50x | as long as short |
| Nado BTC-PERP | +0.0019% | 1h | 85,446.8 | −0.007% | $25.3M | $221.8M | 50x | as long as short |
| Arcus BTC-USD | +0.0021% | 1h | 85,433.4 | −0.022% | $4.6M | $97.8M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Nado BTC-PERP
Arcus BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0062% | 8h | 85,449.3 | −0.004% | — | $1.54B | — | as long as short |
| Phemex BTCUSDT | +0.0077% | 8h | 85,459.6 | +0.008% | $147.7M | $488.3M | 150x | as long as short |
| Bitget BTCUSDT | +0.0078% | 8h | 85,442.1 | −0.012% | $2.94B | $5.08B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0084% | 1h | 85,445.8 | −0.008% | $6.7M | $146.8M | 40x | as long as short |
| Lighter BTCshort | +0.0096% | 1h | 85,454.2 | +0.002% | $172.3M | $1.02B | 50x | |
| Lighter RH BTC | +0.0096% | 1h | 85,477.7 | +0.030% | $23.9M | $149.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,468 | +0.018% | $8.6M | $53.2M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,458.3 | +0.007% | $2.4M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0098% | 8h | 85,446.5 | −0.007% | $5.06B | $5.65B | 500x | as long as short |
| Binance BTCUSDT | +0.0099% | 8h | 85,449 | −0.004% | $9.36B | $24.16B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,422 | −0.036% | $209K | $8.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,519.4 | +0.078% | $5.0M | $9.0M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,539 | +0.101% | $3.75B | $4.99B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,479.7 | +0.032% | $40.1M | $579.3M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,444.1 | −0.010% | $5.20B | $9.80B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,455.2 | +0.003% | $2.58B | $12.13B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,426 | −0.031% | $3.9M | $18.3M | 25x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,445.9 | −0.008% | $666.8M | $675.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,450.8 | −0.002% | $5.51B | $10.75B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,443.8 | −0.010% | $35.6M | $176.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,420.9 | −0.037% | $153.3M | $564.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,426.8 | −0.030% | $279.1M | $922.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,459.5 | +0.008% | $214.5M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,462.5 | +0.012% | $139.7M | $314.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,439 | −0.016% | $30.2M | $208.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,510.5 | +0.068% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,459 | +0.008% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,460.2 | +0.009% | $190K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,459.5 | +0.008% | $2.4M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,504.2 | +0.061% | $207K | $738K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,450.1 | −0.003% | $29.9M | $50.3M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,442.4 | −0.012% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,460 | +0.009% | $59.9M | $336.2M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,459.4 | +0.008% | $2.26B | $942.9M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,420.3 | −0.038% | $44.6M | $231.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,472.2 | +0.023% | — | $107.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,496.6 | +0.052% | $117.2M | $5.19B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0144% | 1h | 85,504.4 | +0.061% | $891.5M | $1.58B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0150% | 1h | 85,444 | −0.010% | $339K | $26.9M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0170% | 1h | 85,481.9 | +0.035% | $187.3M | $955.3M | 100x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0152% | 1h | 85,466.8 | +0.017% | $13.3M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,466.1 | +0.016% | $8.2M | $42.5M | 25x | as long as short |
| Kalshi KXBTCPERP | +0.0219% | 8h | 85,474 | +0.025% | $10.3M | $756.3M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0222% | 1h | 85,485.4 | +0.039% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0224% | 1h | 85,463.6 | +0.013% | $702K | $7.9M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,449.4 | −0.004% | $495K | $18.8M | 6.7x | as long as short |
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
Reya BTCRUSDPERP
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Bulk BTC-USD
Gate BTC_USDT
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
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC