Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: SunX against Lighter−0.040%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$90.091% of the position
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.040%, 7d avg −0.025%
=Together, before fees−0.058%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BTC | 85,879.3 | 0.0096 | pay 0.0012% / 1h | 6m 56s | $173.2M | $874.4M | 50x |
| Short | SunX BTC-USDT | 85,844.7 | 0.0100 | get 0.0100% / 8h | 5h 06m | $3.3M | $6.7M | 100x |
Lighter BTC
SunX BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $0.84
- Price spread: −0.040% → −0.025%
- −$1.54
- Slippage, 4 orders
- −$1.11
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$9.81
- Costs to cover
- 0.091%
- Break-even
- 88.8 days
Slippage from Lighter: live order book, 5 min ago; SunX: 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 Lighter live order book, 5 min ago | 0.14 bp | 0.1 bp $0 | 0.3 bp −$3 | 1.1 bp −$112 | 3.2 bp −$1,587 |
| Sell SunX live order book, 5 min ago | 0.33 bp | 4.3 bp −$4 | 6.7 bp −$67 | 10.0 bp −$1,000 | 12.8 bp −$6,407 |
BTC on 56 exchanges
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 | −0.0133% | 1h | 85,779 | −0.117% | $2.1M | $7.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,196 | +0.369% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDT | −0.0044% | 8h | 85,849.3 | −0.035% | $421.8M | $550.0M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 85,839.3 | −0.047% | $367K | $1.9M | 50x | as long as short |
| SoDEX BTC-USD | −0.0007% | 1h | 85,855 | −0.028% | $65.8M | $187.7M | 40x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,830.6 | −0.057% | $467K | $13.5M | 6.7x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,844.4 | −0.041% | $16.8M | $13.6M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,829.1 | −0.058% | $36.9M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0009% | 1h | 85,828 | −0.060% | $320K | $30.6M | 52x | as long as short |
| Aster BTCUSDT | +0.0013% | 8h | 85,870.8 | −0.010% | $511.2M | $846.6M | 200x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
BloFin BTC-USDT
01 Exchange BTCUSD
SoDEX BTC-USD
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
Aster BTCUSDTShow all 56 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XBTUSD | +0.0030% | 1h | 85,876 | −0.004% | $192.1M | $750.4M | 100x | as long as short |
| BingX BTC-USDT | +0.0043% | 8h | 85,885.2 | +0.007% | — | $1.30B | — | as long as short |
| Popdex BTCUSDT | +0.0048% | 1h | 85,838 | −0.048% | $8.6M | $45.5M | 100x | as long as short |
| KuCoin XBTUSDTM | +0.0052% | 8h | 85,875 | −0.005% | $941.2M | $636.1M | 125x | as long as short |
| Bybit BTCUSDT | +0.0057% | 8h | 85,884.3 | +0.006% | $5.13B | $8.04B | 150x | as long as short |
| Phemex BTCUSDT | +0.0066% | 8h | 85,868.7 | −0.012% | $169.9M | $476.0M | 150x | as long as short |
| HTX BTC-USDT | +0.0069% | 8h | 85,825 | −0.063% | $2.27B | $786.7M | 200x | as long as short |
| Gate BTC_USDT | +0.0074% | 8h | 85,884.4 | +0.006% | $5.51B | $9.05B | 200x | as long as short |
| MEXC BTC_USDT | +0.0076% | 8h | 85,878 | −0.002% | $5.16B | $4.91B | 500x | as long as short |
| Binance BTCUSDT | +0.0077% | 8h | 85,878 | −0.002% | $9.40B | $20.29B | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,835.8 | −0.051% | $2.4M | $6.8M | 20x | as long as short |
| Bitget BTCUSDT | +0.0088% | 8h | 85,879.4 | 0.000% | $3.00B | $3.89B | 150x | as long as short |
| GRVT BTC_USDT_Perp | +0.0091% | 8h | 85,792.9 | −0.101% | $215.6M | $132.8M | 50x | as long as short |
| Lighter BTClong | +0.0096% | 1h | 85,879.3 | long leg | $173.2M | $874.4M | 50x | |
| Lighter RH BTC | +0.0096% | 1h | 85,879.9 | +0.001% | $23.7M | $121.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0098% | 1h | 85,859 | −0.024% | $211K | $3.2M | 20x | as long as short |
| Nado BTC-PERP | +0.0099% | 1h | 85,839.3 | −0.047% | $23.0M | $190.5M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,815 | −0.075% | $230K | $8.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,860 | −0.023% | $5.9M | $7.3M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,870.4 | −0.010% | $40.0M | $571.4M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,892 | +0.015% | $2.63B | $9.28B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,809 | −0.082% | $3.9M | $14.7M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,839.8 | −0.046% | $4.9M | $91.5M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,846.4 | −0.038% | $713.8M | $100.1M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,851.6 | −0.032% | $38.0M | $194.9M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,758.6 | −0.141% | $155.2M | $472.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,755.6 | −0.144% | $289.3M | $738.0M | 100x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,805 | −0.087% | $137.8M | $288.4M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,810 | −0.081% | $30.2M | $226.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,885.6 | +0.007% | — | $10.2M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,838 | −0.048% | $11.0M | $11.9M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,846 | −0.039% | $2.6M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,877.4 | −0.002% | $143K | $607K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,867.5 | −0.014% | $29.0M | $44.5M | 15x | as long as short |
| SunX BTC-USDTshort | +0.0100% | 8h | 85,844.7 | −0.040% | $3.3M | $6.7M | 100x | |
| Extended BTC-USD | +0.0104% | 1h | 85,849.1 | −0.035% | $47.0M | $192.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,846.4 | −0.038% | — | $79.8M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 85,914.2 | +0.041% | $112.4M | $4.94B | 50x | as long as short |
| Hyperliquid BTC | +0.0148% | 1h | 85,953 | +0.086% | $3.94B | $4.17B | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0156% | 8h | 85,861 | −0.021% | $12.0M | $735.7M | 6.4x | as long as short |
| Reya BTCRUSDPERP | +0.0170% | 1h | 85,807 | −0.084% | $6.6M | $128.9M | 40x | as long as short |
| RISEx BTC/USDC | +0.0187% | 1h | 85,862.2 | −0.020% | $9.0M | $35.7M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0211% / S −0.0251% | 1h | 85,869.3 | −0.012% | $15.5M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0223% | 1h | 85,902.2 | +0.027% | $820.3M | $1.50B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0320% | 1h | 85,836.4 | −0.050% | $690K | $6.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0360% | 1h | 85,842.5 | −0.043% | $79K | $228K | 20x | as long as short |
Kraken Futures PF_XBTUSD
BingX BTC-USDT
Popdex BTCUSDT
KuCoin XBTUSDTM
Bybit BTCUSDT
Phemex BTCUSDT
HTX BTC-USDT
Gate BTC_USDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Bitget BTCUSDT
GRVT BTC_USDT_Perp
Lighter RH BTC
Bullet BTC-USD
Nado BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
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
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hyperliquid BTC
Kalshi KXBTCPERP
Reya BTCRUSDPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD