Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.007%
Price spread now: Lighter against HTX+0.001%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$130.128% of the position
Funding, last 7 days+0.051%+$5 on $10k
+Price spread, last 4 days (all we have)+0.048%+$5 · spread now +0.001%, 7d avg +0.029%
=Together, before fees+0.098%+ Points / potential airdropLighter: Season 3 · farm board+$10 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: Lighter is 0.028% cheaper against HTX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX BTC-USDT | 85,161 | 0.0100 | pay 0.0100% / 8h | 21m 14s | $2.25B | $973.6M | 200x |
| Short | Lighter BTC | 85,161.9 | 0.0096 | get 0.0012% / 1h | 21m 14s | $168.4M | $1.02B | 50x |
HTX BTC-USDT
Lighter BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against HTX. 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: +0.001% → +0.029%
- −$2.76
- Slippage, 4 orders
- −$0.78
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$16.38
- Costs to cover
- 0.128%
- Break-even
- never at this rate
Slippage from HTX: live order book, 3 min ago; Lighter: live order book, 13 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 HTX live order book, 3 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 6.4 bp −$638 | 8.6 bp −$4,291 |
| Sell Lighter live order book, 13 min ago | 0.38 bp | 0.4 bp $0 | 0.5 bp −$5 | 1.1 bp −$107 | 4.0 bp −$2,006 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,160 | −0.001% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,189 | +0.033% | $2.3M | $10.8M | 40x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,150.1 | −0.013% | $421.9M | $685.2M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0017% | 8h | 85,160.2 | −0.001% | $927.3M | $777.7M | 125x | as long as short |
| Aster BTCUSDT | −0.0001% | 8h | 85,142.6 | −0.022% | $508.7M | $1.08B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,180.3 | +0.023% | $342K | $2.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,160.7 | 0.000% | $36.4M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0006% | 1h | 85,179.3 | +0.022% | $16.7M | $21.0M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,165.1 | +0.005% | $185.6M | $955.6M | 100x | as long as short |
| ApeX Omni BTCUSDT | +0.0058% | 1h | 85,166 | +0.006% | $139.5M | $312.5M | 100x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
BloFin BTC-USDT
KuCoin XBTUSDTM
Aster BTCUSDT
01 Exchange BTCUSD
gTrade (Gains Network) BTC/USD
dYdX BTC-USD
Kraken Futures PF_XBTUSD
ApeX Omni BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0064% | 8h | 85,158.2 | −0.003% | — | $1.58B | — | as long as short |
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,181 | +0.023% | $302K | $25.3M | 52x | as long as short |
| Bybit BTCUSDT | +0.0080% | 8h | 85,144.9 | −0.019% | $5.10B | $10.03B | 150x | as long as short |
| Nado BTC-PERP | +0.0085% | 1h | 85,137.4 | −0.028% | $24.0M | $220.8M | 50x | as long as short |
| Bitget BTCUSDT | +0.0095% | 8h | 85,151.1 | −0.012% | $2.97B | $5.21B | 150x | as long as short |
| Lighter BTCshort | +0.0096% | 1h | 85,161.9 | +0.001% | $168.4M | $1.02B | 50x | |
| Lighter RH BTC | +0.0096% | 1h | 85,160.6 | 0.000% | $23.6M | $148.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,173 | +0.014% | $8.4M | $57.7M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,149.1 | −0.014% | $2.4M | $6.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,146 | −0.018% | $268K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,209.7 | +0.057% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,240 | +0.093% | $3.74B | $5.08B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,193.3 | +0.038% | $40.3M | $606.1M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,158.4 | −0.003% | $9.37B | $25.15B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,163.4 | +0.003% | $2.59B | $12.25B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,153 | −0.009% | $3.8M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,185.1 | +0.028% | $4.7M | $97.4M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,294.4 | +0.157% | $693.5M | $241.4M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,161.1 | 0.000% | $5.47B | $11.12B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,155.7 | −0.006% | $5.02B | $5.76B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,135.4 | −0.030% | $36.9M | $188.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,162.5 | +0.002% | $155.8M | $550.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,142.9 | −0.021% | $282.3M | $957.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,184 | +0.027% | $213.9M | $159.1M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,154.9 | −0.007% | $30.0M | $211.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,231.4 | +0.083% | — | $10.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,171 | +0.012% | $10.9M | $14.9M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,160 | −0.001% | $198K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,161.6 | +0.001% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,191.4 | +0.036% | $193K | $796K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,139.1 | −0.026% | $29.5M | $45.3M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,176.7 | +0.018% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,154 | −0.008% | $59.7M | $336.6M | 40x | as long as short |
| HTX BTC-USDTlong | +0.0100% | 8h | 85,161 | long leg | $2.25B | $973.6M | 200x | |
| Phemex BTCUSDT | +0.0100% | 8h | 85,153.8 | −0.008% | $158.7M | $516.0M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,125.9 | −0.041% | $45.4M | $241.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,163.7 | +0.003% | — | $106.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,184.1 | +0.027% | $111.6M | $5.47B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0141% | 1h | 85,144.1 | −0.020% | $6.6M | $143.4M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0167% | 1h | 85,195.2 | +0.040% | $840.4M | $1.67B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0170% | 8h | 85,187 | +0.031% | $12.1M | $737.3M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,193.4 | +0.038% | $8.8M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0147% | 1h | 85,159.7 | −0.002% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0232% | 1h | 85,201.5 | +0.048% | $678K | $7.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0289% | 1h | 85,208.2 | +0.055% | $81K | $254K | 20x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,170 | +0.011% | $458K | $18.4M | 6.7x | as long as short |
BingX BTC-USDT
Injective BTC/USDC PERP
Bybit BTCUSDT
Nado BTC-PERP
Bitget BTCUSDT
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Binance BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
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
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Deribit BTC-PERPETUAL
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Perpl BTC