Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Lighter RH against Lighter−0.001%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2as in the Price arb table
costs, in and out, $10k−$20.019% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 7 days−0.013%−$1 · spread now −0.001%, 7d avg 0.000%
=Together, before fees−0.003%+ Points / potential airdropLighter: Season 3 · Lighter RH: Points live · farm board$0 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BTC | 85,442.8 | 0.0096 | pay 0.0012% / 1h | 10m 01s | $169.8M | $1.03B | 50x |
| Short | Lighter RH BTC | 85,442.2 | 0.0096 | get 0.0012% / 1h | 10m 01s | $23.6M | $148.6M | 50x |
Lighter BTC
Lighter RH BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Lighter. 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
- Price spread: −0.001% → 0.000%
- −$0.11
- Slippage, 4 orders
- −$1.9
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$2
- Costs to cover
- 0.019%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; Lighter RH: 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 Lighter live order book, 4 min ago | 0.22 bp | 0.2 bp $0 | 0.3 bp −$3 | 1.2 bp −$123 | 3.4 bp −$1,686 |
| Sell Lighter RH live order book, 4 min ago | 0.58 bp | 0.8 bp −$1 | 1.1 bp −$11 | 3.0 bp −$299 | 19.6 bp −$9,790 |
BTC on 55 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 | −0.0082% | 1h | 85,504 | +0.072% | $2.3M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,404 | −0.045% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0035% | 8h | 85,421 | −0.026% | $929.3M | $773.0M | 125x | as long as short |
| BloFin BTC-USDT | −0.0022% | 8h | 85,404.7 | −0.045% | $420.0M | $679.6M | 150x | as long as short |
| Aster BTCUSDT | −0.0004% | 8h | 85,410.7 | −0.038% | $512.8M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,443.1 | 0.000% | $352K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,452.2 | +0.011% | $490K | $18.4M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,430.8 | −0.014% | $16.7M | $21.1M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,434 | −0.010% | $36.5M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0045% | 1h | 85,404.8 | −0.045% | $24.1M | $220.1M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Nado BTC-PERPShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0057% | 1h | 85,247 | −0.229% | $338K | $26.8M | 52x | as long as short |
| BingX BTC-USDT | +0.0073% | 8h | 85,420.8 | −0.026% | — | $1.57B | — | as long as short |
| Kraken Futures PF_XBTUSD | +0.0089% | 1h | 85,443.9 | +0.001% | $186.2M | $953.0M | 100x | as long as short |
| Bitget BTCUSDT | +0.0091% | 8h | 85,424.7 | −0.021% | $2.97B | $5.15B | 150x | as long as short |
| Bybit BTCUSDT | +0.0095% | 8h | 85,416.2 | −0.031% | $5.14B | $9.96B | 150x | as long as short |
| Lighter BTClong | +0.0096% | 1h | 85,442.8 | long leg | $169.8M | $1.03B | 50x | |
| Lighter RH BTCshort | +0.0096% | 1h | 85,442.2 | −0.001% | $23.6M | $148.6M | 50x | |
| Popdex BTCUSDT | +0.0096% | 1h | 85,462 | +0.022% | $8.5M | $56.8M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,418.6 | −0.028% | $2.4M | $6.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0098% | 8h | 85,421.8 | −0.025% | $9.42B | $24.87B | 150x | as long as short |
| MEXC BTC_USDT | +0.0098% | 8h | 85,422 | −0.024% | $5.04B | $5.78B | 500x | as long as short |
| SoDEX BTC-USD | +0.0099% | 1h | 85,425 | −0.021% | $59.8M | $336.7M | 40x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,417 | −0.030% | $245K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,496.9 | +0.063% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,510.5 | +0.079% | $3.75B | $5.08B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,471.1 | +0.033% | $40.1M | $603.8M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,426.9 | −0.019% | $2.60B | $12.19B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,427 | −0.018% | $3.8M | $17.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,426.1 | −0.020% | $5.1M | $96.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,426.3 | −0.019% | $5.56B | $11.08B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,415.3 | −0.032% | $37.4M | $180.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,384.3 | −0.069% | $156.3M | $556.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,427.5 | −0.018% | $279.9M | $952.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,456.8 | +0.016% | $214.5M | $164.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,446.3 | +0.004% | $139.7M | $313.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,436 | −0.008% | $30.1M | $207.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,472.1 | +0.034% | — | $10.2M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,421 | −0.026% | $11.0M | $14.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,423.1 | −0.023% | $199K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,424.7 | −0.021% | $2.6M | $9.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,470 | +0.032% | $194K | $796K | 40x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,425.8 | −0.020% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,417.5 | −0.030% | $2.26B | $962.9M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,431.3 | −0.013% | $155.4M | $512.0M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,413.1 | −0.035% | $689.0M | $342.5M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,395.2 | −0.056% | $44.9M | $239.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,449.5 | +0.008% | — | $104.3M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,461.6 | +0.022% | $112.9M | $5.48B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0131% | 1h | 85,471.6 | +0.034% | $855.8M | $1.63B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0133% | 1h | 85,395.8 | −0.055% | $6.6M | $147.7M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0150% | 1h | 85,433.2 | −0.011% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0177% | 8h | 85,450 | +0.008% | $11.8M | $739.7M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0193% | 1h | 85,455.9 | +0.015% | $8.8M | $42.6M | 25x | as long as short |
| Hibachi BTC/USDT-P | +0.0216% | 1h | 85,436.2 | −0.008% | $685K | $7.8M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0263% | 1h | 85,460.6 | +0.021% | $80K | $240K | 20x | as long as short |
Injective BTC/USDC PERP
BingX BTC-USDT
Kraken Futures PF_XBTUSD
Bitget BTCUSDT
Bybit BTCUSDT
Popdex BTCUSDT
Aevo BTC-PERP
Binance BTCUSDT
MEXC BTC_USDT
SoDEX BTC-USD
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
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
Bluefin BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
RISEx BTC/USDC
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD