Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.007%
Price spread now: HTX against Lighter RH−0.014%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$130.134% of the position
Funding, last 7 days−0.060%−$6 on $10k
+Price spread, last 4 days (all we have)−0.037%−$4 · spread now −0.014%, 7d avg −0.034%
=Together, before fees−0.097%+ Points / potential airdropLighter RH: Points live · farm board−$10 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BTC | 85,104.4 | 0.0096 | pay 0.0012% / 1h | 26m 23s | $23.6M | $148.5M | 50x |
| Short | HTX BTC-USDT | 85,092.1 | 0.0100 | get 0.0100% / 8h | 2h 26m | $2.25B | $942.5M | 200x |
Lighter RH BTC
HTX BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Lighter RH. 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: −0.014% → −0.034%
- $1.92
- Slippage, 4 orders
- −$1.44
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$10.68
- Costs to cover
- 0.134%
- Break-even
- 96.0 days
Slippage from Lighter RH: live order book, 3 min ago; HTX: live order book, 3 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 RH live order book, 3 min ago | 0.50 bp | 0.9 bp −$1 | 1.1 bp −$11 | 3.5 bp −$347 | 24.3 bp −$12.2K |
| Sell HTX live order book, 3 min ago | 0.01 bp | 6.0 bp −$6 | 6.2 bp −$62 | 7.5 bp −$751 | 10.2 bp −$5,112 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0112% | 43m | 85,103.3 | −0.001% | $524K | $18.5M | 6.7x | as long as short |
| Phoenix BTC | −0.0111% | 1h | 85,204 | +0.117% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,103 | −0.002% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0054% | 8h | 85,084 | −0.024% | $919.7M | $763.6M | 125x | as long as short |
| BloFin BTC-USDT | −0.0035% | 8h | 85,082 | −0.026% | $418.8M | $678.3M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0024% | 1h | 85,126.2 | +0.026% | $374K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | −0.0017% | 8h | 85,087.1 | −0.020% | $511.5M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,125.9 | +0.025% | $16.7M | $21.6M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,103.6 | −0.001% | $36.4M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,225 | +0.142% | $338K | $26.8M | 52x | as long as short |
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Aster BTCUSDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0031% | 1h | 85,093.3 | −0.013% | $24.7M | $222.5M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,102.3 | −0.003% | $186.7M | $954.0M | 100x | as long as short |
| Deribit BTC-PERPETUAL | +0.0066% | 1h | 85,123.1 | +0.022% | $869.1M | $1.61B | 50x | as long as short |
| BingX BTC-USDC | +0.0067% | 8h | 85,083.5 | −0.025% | — | $17.4M | — | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,085.1 | −0.023% | $2.4M | $6.7M | 20x | as long as short |
| Phemex BTCUSDT | +0.0080% | 8h | 85,092.6 | −0.014% | $147.6M | $505.0M | 150x | as long as short |
| Bitget BTCUSDT | +0.0084% | 8h | 85,086.5 | −0.021% | $2.94B | $5.15B | 150x | as long as short |
| Binance BTCUSDT | +0.0085% | 8h | 85,098.7 | −0.007% | $9.40B | $24.81B | 150x | as long as short |
| MEXC BTC_USDT | +0.0085% | 8h | 85,094.8 | −0.011% | $5.06B | $5.72B | 500x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,097.4 | −0.008% | $170.8M | $1.02B | 50x | as long as short |
| Lighter RH BTClong | +0.0096% | 1h | 85,104.4 | long leg | $23.6M | $148.5M | 50x | |
| Popdex BTCUSDT | +0.0096% | 1h | 85,110 | +0.007% | $8.3M | $55.7M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,125.9 | +0.025% | $117.0M | $5.36B | 50x | as long as short |
| Bullet BTC-USD | +0.0097% | 1h | 85,095 | −0.011% | $205K | $3.3M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,087 | −0.020% | $239K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,188.3 | +0.099% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,178 | +0.086% | $3.74B | $5.08B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,139 | +0.041% | $40.1M | $599.0M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,085.6 | −0.022% | $5.14B | $9.95B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,097.8 | −0.008% | $2.57B | $12.15B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,098 | −0.008% | $3.8M | $17.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,119.8 | +0.018% | $4.6M | $99.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,183.8 | +0.093% | $678.4M | $603.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,089.2 | −0.018% | $5.50B | $10.95B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,076.6 | −0.033% | $35.9M | $175.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,111.9 | +0.009% | $154.3M | $569.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,179.1 | +0.088% | $279.1M | $944.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,198.3 | +0.110% | $214.1M | $167.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,192 | +0.103% | $139.3M | $315.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,151 | +0.055% | $30.0M | $205.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,171.1 | +0.078% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,097 | −0.009% | $11.0M | $14.4M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,094.9 | −0.011% | $2.5M | $9.3M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,135.1 | +0.036% | $227K | $760K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,069.2 | −0.041% | $29.9M | $48.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,075.9 | −0.033% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,090 | −0.017% | $59.6M | $336.1M | 40x | as long as short |
| HTX BTC-USDTshort | +0.0100% | 8h | 85,092.1 | −0.014% | $2.25B | $942.5M | 200x | |
| Extended BTC-USD | +0.0104% | 1h | 85,065.1 | −0.046% | $45.4M | $238.8M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,104 | 0.000% | — | $106.9M | 500x | as long as short |
| Reya BTCRUSDPERP | +0.0115% | 1h | 85,095.2 | −0.011% | $6.6M | $147.4M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,103.2 | −0.001% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0181% | 8h | 85,130 | +0.030% | $11.3M | $743.5M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0221% | 1h | 85,177 | +0.085% | $78K | $226K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0232% | 1h | 85,129.5 | +0.030% | $716K | $8.0M | 30x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,136.8 | +0.038% | $8.7M | $43.2M | 25x | as long as short |
Nado BTC-PERP
Kraken Futures PF_XBTUSD
Deribit BTC-PERPETUAL
BingX BTC-USDC
Aevo BTC-PERP
Phemex BTCUSDT
Bitget BTCUSDT
Binance BTCUSDT
MEXC BTC_USDT
Lighter BTC
Popdex BTCUSDT
Coinbase International BTC-PERP-INTX
Bullet BTC-USD
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
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
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
RISEx BTC/USDC