Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Lighter against Lighter RH−0.004%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$3as in the Price arb table
costs, in and out, $10k−$30.028% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 7 days+0.008%+$1 · spread now −0.004%, 7d avg −0.001%
=Together, before fees−0.005%+ Points / potential airdropLighter RH: Points live · Lighter: Season 3 · 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 RH BTC | 86,055.5 | 0.0096 | pay 0.0012% / 1h | 48m 23s | $23.4M | $119.1M | 50x |
| Short | Lighter BTC | 86,051.7 | 0.0096 | get 0.0012% / 1h | 48m 23s | $173.7M | $854.1M | 50x |
Lighter RH BTC
Lighter BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- Price spread: −0.004% → −0.001%
- −$0.39
- Slippage, 4 orders
- −$2.84
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$3.23
- Costs to cover
- 0.028%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 4 min ago; Lighter: live order book, 9 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, 4 min ago | 0.33 bp | 1.5 bp −$1 | 1.8 bp −$18 | 4.0 bp −$403 | 23.9 bp −$11.9K |
| Sell Lighter live order book, 9 min ago | 0.03 bp | 1.0 bp −$1 | 1.2 bp −$12 | 2.1 bp −$211 | 4.8 bp −$2,394 |
BTC on 55 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 | 86,126 | +0.082% | $2.1M | $7.8M | 40x | as long as short |
| ApeX Omni BTCUSDT | −0.0103% | 1h | 86,098.5 | +0.050% | $137.8M | $295.3M | 100x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,197 | +0.164% | $8K | $2K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 86,040.4 | −0.018% | $362K | $2.0M | 50x | as long as short |
| BloFin BTC-USDT | −0.0021% | 8h | 86,047.9 | −0.009% | $422.6M | $563.8M | 150x | as long as short |
| SoDEX BTC-USD | −0.0007% | 1h | 86,065 | +0.011% | $65.9M | $187.9M | 40x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 86,061.8 | +0.007% | $16.9M | $14.5M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,057.4 | +0.002% | $476K | $13.8M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 86,111.6 | +0.065% | $36.8M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0009% | 1h | 86,114 | +0.068% | $301K | $26.2M | 52x | as long as short |
Phoenix BTC
ApeX Omni BTCUSDT
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
SoDEX BTC-USD
dYdX BTC-USD
Perpl BTC
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERPShow all 55 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BTCUSDT | +0.0028% | 8h | 86,048.5 | −0.008% | $513.0M | $874.0M | 200x | as long as short |
| BingX BTC-USDT | +0.0028% | 8h | 86,059.5 | +0.005% | — | $1.33B | — | as long as short |
| Kraken Futures PF_XBTUSD | +0.0029% | 1h | 86,089.3 | +0.039% | $191.6M | $768.3M | 100x | as long as short |
| Bybit BTCUSDT | +0.0039% | 8h | 86,060.3 | +0.006% | $5.15B | $8.13B | 150x | as long as short |
| KuCoin XBTUSDTM | +0.0054% | 8h | 86,050.8 | −0.005% | $942.9M | $633.3M | 125x | as long as short |
| Gate BTC_USDT | +0.0063% | 8h | 86,057.9 | +0.003% | $5.51B | $8.89B | 200x | as long as short |
| Popdex BTCUSDT | +0.0072% | 1h | 86,041 | −0.017% | $8.5M | $45.6M | 100x | as long as short |
| Phemex BTCUSDT | +0.0091% | 8h | 86,056.5 | +0.001% | $170.6M | $478.8M | 150x | as long as short |
| Bitget BTCUSDT | +0.0093% | 8h | 86,073.2 | +0.021% | $2.99B | $3.96B | 150x | as long as short |
| HTX BTC-USDT | +0.0095% | 8h | 86,050.5 | −0.006% | $2.27B | $803.9M | 200x | as long as short |
| Lighter BTCshort | +0.0096% | 1h | 86,051.7 | −0.004% | $173.7M | $854.1M | 50x | |
| Lighter RH BTClong | +0.0096% | 1h | 86,055.5 | long leg | $23.4M | $119.1M | 50x | |
| Aevo BTC-PERP | +0.0096% | 1h | 86,046.3 | −0.011% | $2.4M | $6.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0098% | 8h | 86,047.4 | −0.009% | $5.16B | $4.83B | 500x | as long as short |
| Binance BTCUSDT | +0.0098% | 8h | 86,047.9 | −0.009% | $9.45B | $20.51B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,015 | −0.047% | $218K | $8.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,089.2 | +0.039% | $6.0M | $7.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,038.4 | −0.020% | $23.5M | $195.5M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,077.5 | +0.026% | $40.1M | $571.2M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,077.5 | +0.026% | $2.62B | $9.50B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,027 | −0.033% | $4.0M | $15.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,071.7 | +0.019% | $4.2M | $90.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,169.3 | +0.132% | $716.4M | $134.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,040.3 | −0.018% | $38.2M | $195.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,070.8 | +0.018% | $156.6M | $475.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,058.2 | +0.003% | $289.8M | $814.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,097 | +0.048% | $216.3M | $133.7M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,074.5 | +0.022% | $30.3M | $223.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,099.5 | +0.051% | — | $9.2M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,059 | +0.004% | $11.1M | $12.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,056 | +0.001% | $205K | $3.2M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,057.7 | +0.003% | $2.6M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,107.1 | +0.060% | $195K | $563K | 40x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,045.9 | −0.011% | $3.3M | $6.7M | 100x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,037.3 | −0.021% | $46.9M | $203.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 86,063.4 | +0.009% | — | $81.6M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,120.6 | +0.076% | $112.3M | $4.97B | 50x | as long as short |
| Hyperliquid BTC | +0.0159% | 1h | 86,133 | +0.090% | $3.97B | $4.36B | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0160% | 8h | 86,087 | +0.037% | $12.0M | $733.5M | 6.4x | as long as short |
| Reya BTCRUSDPERP | +0.0163% | 1h | 86,077.4 | +0.025% | $6.6M | $131.1M | 40x | as long as short |
| RISEx BTC/USDC | +0.0187% | 1h | 86,058.6 | +0.004% | $8.9M | $37.0M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0211% / S −0.0251% | 1h | 86,101.2 | +0.053% | $15.6M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0291% | 1h | 86,125.8 | +0.082% | $822.9M | $1.50B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0352% | 1h | 86,119 | +0.074% | $725K | $7.0M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0446% | 1h | 86,115.2 | +0.069% | $79K | $245K | 20x | as long as short |
Aster BTCUSDT
BingX BTC-USDT
Kraken Futures PF_XBTUSD
Bybit BTCUSDT
KuCoin XBTUSDTM
Gate BTC_USDT
Popdex BTCUSDT
Phemex BTCUSDT
Bitget BTCUSDT
HTX BTC-USDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-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
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
SunX BTC-USDT
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