Funding you earn now, next payment 03:00 UTC+0.0092%/8h= +10.0% APRnext payment +$0.11 per $10,000 · paid last 24h +0.027%
Price spread now: Lighter RH against gTrade (Gains Network)+0.028%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$90.092% of the position
Funding, last 3 days (all we have)+0.089%+$9 on $10k
+Price spread, last 7 days−0.055%−$6 · spread now +0.028%, 7d avg +0.015%
=Together, before fees+0.034%+ Points / potential airdropLighter RH: Points live · farm board+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) BTC/USD | 85,627.5 | L +0.0004% / S −0.0004% | pay 0.0001% / 1h | 27m 23s | $36.6M | — | 200x |
| Short | Lighter RH BTC | 85,651.1 | 0.0096 | get 0.0012% / 1h | 27m 23s | $23.9M | $148.4M | 50x |
gTrade (Gains Network) BTC/USD
Lighter RH BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against gTrade (Gains Network). 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
- $19.22
- Price spread: +0.028% → +0.015%
- $1.24
- Slippage, 4 orders
- −$2.19
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $11.27
- Costs to cover
- 0.092%
- Break-even
- 2.9 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 2 min ago; Lighter RH: live order book, 7 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 gTrade (Gains Network) virtual book (oracle venue), 2 min ago | 0.51 bp | 4.0 bp −$4 | 4.1 bp −$41 | 4.5 bp −$446 | 6.4 bp −$3,183 |
| Sell Lighter RH live order book, 7 min ago | 0.22 bp | 0.9 bp −$1 | 1.8 bp −$18 | 3.4 bp −$335 | 25.7 bp −$12.9K |
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 | −0.0627% | 1h | 85,694.9 | +0.079% | $196K | $722K | 40x | as long as short |
| Phoenix BTC | −0.0160% | 1h | 85,791 | +0.191% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,679 | +0.060% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 85,649.8 | +0.026% | $369K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0032% | 8h | 85,703.2 | +0.088% | $416.3M | $665.3M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,690.7 | +0.074% | $16.8M | $21.1M | 50x | as long as short |
| gTrade (Gains Network) BTC/USDlong | L +0.0004% / S −0.0004% | 1h | 85,627.5 | long leg | $36.6M | — | 200x | |
| KuCoin XBTUSDTM | +0.0009% | 8h | 85,630.3 | +0.003% | $917.4M | $753.9M | 125x | as long as short |
| Nado BTC-PERP | +0.0010% | 1h | 85,643.3 | +0.018% | $22.6M | $220.5M | 50x | as long as short |
| Aster BTCUSDT | +0.0018% | 8h | 85,637.2 | +0.011% | $516.0M | $1.10B | 200x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
KuCoin XBTUSDTM
Nado BTC-PERP
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0054% | 8h | 85,598.1 | −0.034% | — | $17.0M | — | as long as short |
| Bitget BTCUSDT | +0.0069% | 8h | 85,630.9 | +0.004% | $2.95B | $5.02B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0069% | 1h | 85,621.3 | −0.007% | $6.7M | $146.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0074% | 8h | 85,675 | +0.055% | $2.27B | $935.3M | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0077% | 1h | 85,698.9 | +0.083% | $892.2M | $1.53B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,578 | −0.058% | $340K | $26.9M | 52x | as long as short |
| Phemex BTCUSDT | +0.0079% | 8h | 85,661.3 | +0.039% | $148.1M | $479.7M | 150x | as long as short |
| SunX BTC-USDT | +0.0085% | 8h | 85,659.9 | +0.038% | $2.9M | $6.1M | 100x | as long as short |
| MEXC BTC_USDT | +0.0087% | 8h | 85,622.9 | −0.005% | $5.05B | $5.63B | 500x | as long as short |
| Binance BTCUSDT | +0.0087% | 8h | 85,614.2 | −0.016% | $9.34B | $23.90B | 150x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,649.4 | +0.026% | $2.5M | $1.7M | 20x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,652.7 | +0.029% | $169.9M | $992.3M | 50x | as long as short |
| Lighter RH BTCshort | +0.0096% | 1h | 85,651.1 | +0.028% | $23.9M | $148.4M | 50x | |
| Popdex BTCUSDT | +0.0096% | 1h | 85,643 | +0.018% | $8.4M | $52.0M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,681.4 | +0.063% | $3.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,623 | −0.005% | $197K | $7.8M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,716 | +0.103% | $3.74B | $5.00B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,680.9 | +0.062% | $40.1M | $574.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,617.4 | −0.012% | $5.33B | $9.57B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,636.5 | +0.011% | $2.57B | $12.09B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,664 | +0.043% | $3.9M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,616.3 | −0.013% | $7.1M | $97.2M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,652.2 | +0.029% | $5.55B | $10.53B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,647.3 | +0.023% | $35.1M | $172.9M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,767.3 | +0.163% | $156.3M | $548.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,703.1 | +0.088% | $279.9M | $919.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,747.2 | +0.140% | $215.3M | $166.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,800 | +0.201% | $140.4M | $316.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,761 | +0.156% | $30.3M | $210.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,696.3 | +0.080% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,634 | +0.008% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,625 | −0.003% | $190K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,658.6 | +0.036% | $2.3M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,657.4 | +0.035% | $30.0M | $50.9M | 15x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,657 | +0.034% | $60.0M | $336.2M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,614.4 | −0.015% | $621.3M | $398.6M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,620.3 | −0.008% | $44.1M | $227.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,662.4 | +0.041% | — | $106.3M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,703.2 | +0.088% | $130.4M | $5.11B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,674.1 | +0.054% | $8.4M | $42.2M | 25x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,686.1 | +0.068% | $188.9M | $952.4M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0196% | 1h | 85,683.4 | +0.065% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0179% | 1h | 85,679.7 | +0.061% | $13.6M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 85,771.9 | +0.169% | $702K | $7.8M | 30x | as long as short |
| Kalshi KXBTCPERP | +0.0217% | 8h | 85,705 | +0.091% | $10.4M | $758.1M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,650.8 | +0.027% | $515K | $19.3M | 6.7x | as long as short |
BingX BTC-USDC
Bitget BTCUSDT
Reya BTCRUSDPERP
HTX BTC-USDT
Deribit BTC-PERPETUAL
Injective BTC/USDC PERP
Phemex BTCUSDT
SunX BTC-USDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Lighter BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
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
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SoDEX BTC-USD
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
RISEx BTC/USDC
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Kalshi KXBTCPERP
Perpl BTC