BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: StandX against Lighter RH−0.449%47s7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$120.116% of the position

Long on Lighter RH Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 7 days+0.442%+$44 · spread now −0.449%, 7d avg −0.014%

Together, before fees+0.437%+ Points / potential airdropLighter RH: Points live · StandX: Active · farm board+$44 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: StandX is 0.436% cheaper against Lighter RH than usual: you would sell low and buy high, −$44 on $10k if it goes back to its 7-day average of −0.014%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH BTC	87,268.1	0.0096	pay 0.0012% / 1h	31m 47s	$24.6M	$148.5M	50x
Short	StandX BTC-USD	86,875.9	0.0100	get 0.0013% / 1h	31m 47s	$30.8M	$206.1M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Lighter RHbpFee StandXbpOrdersPrice spread, now −0.449%Rate

Funding earned: $0.84
Price spread: −0.449% → −0.014%: −$43.58
Slippage, 4 orders: −$3.64
Fee Lighter RH: 0 bp × 2 orders: $0
Fee StandX: 4 bp × 2 orders: −$8
Net: −$54.38
Costs to cover: 0.116%
Break-even: 460.2 days

Slippage from Lighter RH: live order book, 3 min ago; StandX: 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	0.40 bp	0.4 bp $0	0.7 bp −$7	3.8 bp −$383	29.8 bp −$14.9K
Sell StandX live order book, 3 min ago	1.04 bp	5.2 bp −$5	6.1 bp −$61	7.5 bp −$750	9.4 bp −$4,685

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
dYdX BTC-USD	−0.0132%	1h	87,273.6	+0.006%	$18.3M	$19.7M	50x	as long as short
Phoenix BTC	−0.0123%	1h	86,923	−0.395%	$2.2M	$12.0M	40x	as long as short
Perpl BTC	−0.0112%	43m	87,252.2	−0.018%	$415K	$25.9M	6.7x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	87,268	0.000%	$9K	$3K	50x	as long as short
Aftermath Perps BTCUSD	−0.0037%	1h	86,966.3	−0.346%	$87K	$180K	20x	as long as short
01 Exchange BTCUSD	−0.0024%	1h	87,243	−0.029%	$295K	$2.4M	50x	as long as short
ApeX Omni BTCUSDT	−0.0021%	1h	86,943.4	−0.372%	$141.9M	$321.9M	100x	as long as short
KuCoin XBTUSDTM	−0.0005%	8h	87,237.4	−0.035%	$838.6M	$694.6M	125x	as long as short
Phemex BTCUSDT	−0.0003%	8h	87,309.5	+0.047%	$154.2M	$455.7M	150x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	87,239.9	−0.032%	$37.3M	—	200x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDC	+0.0010%	8h	87,264.7	−0.004%	—	$15.2M	—	as long as short
RISEx BTC/USDC	+0.0010%	1h	87,245.6	−0.026%	$8.7M	$40.8M	25x	as long as short
Bitget BTCUSDT	+0.0013%	8h	87,262	−0.007%	$2.98B	$5.04B	150x	as long as short
Reya BTCRUSDPERP	+0.0016%	1h	87,205.7	−0.071%	$7.0M	$141.8M	40x	as long as short
Aster BTCUSDT	+0.0035%	8h	87,269.1	+0.001%	$510.7M	$1.16B	200x	as long as short
Injective BTC/USDC PERP	+0.0035%	1h	86,952	−0.362%	$328K	$26.9M	52x	as long as short
OKX BTC-USDT-SWAP	+0.0036%	8h	87,269.9	+0.002%	$2.63B	$12.63B	100x	as long as short
Kraken Futures PF_XBTUSD	+0.0041%	1h	87,378.8	+0.127%	$198.8M	$914.1M	100x	as long as short
MEXC BTC_USDT	+0.0044%	8h	87,246.1	−0.025%	$5.19B	$5.51B	500x	as long as short
Binance BTCUSDT	+0.0044%	8h	87,252.8	−0.018%	$9.58B	$23.98B	150x	as long as short
Aevo BTC-PERP	+0.0048%	1h	87,352.7	+0.097%	$2.4M	$1.3M	20x	as long as short
Gate BTC_USDT	+0.0061%	8h	87,278.9	+0.012%	$5.96B	$10.43B	200x	as long as short
SoDEX BTC-USD	+0.0066%	1h	87,323	+0.063%	$61.6M	$312.0M	40x	as long as short
Bybit BTCUSDT	+0.0078%	8h	87,239.9	−0.032%	$5.34B	$9.56B	150x	as long as short
Deribit BTC-PERPETUAL	+0.0085%	1h	87,381.4	+0.130%	$933.4M	$1.32B	50x	as long as short
Bulk BTC-USD	+0.0090%	1h	87,280.5	+0.014%	$575.7M	$25.9M	40x	as long as short
Orderly PERP_BTC_USDC	+0.0091%	8h	87,323.6	+0.064%	$2.5M	$8.2M	100x	as long as short
Variational Omni BTC	+0.0092%	8h	86,903.5	−0.418%	$165.1M	$544.5M	—	as long as short
Lighter BTC	+0.0096%	1h	87,262.8	−0.006%	$174.5M	$999.5M	50x	as long as short
Lighter RH BTClong	+0.0096%	1h	87,268.1	long leg	$24.6M	$148.5M	50x
Popdex BTCUSDT	+0.0096%	1h	87,223	−0.052%	$8.5M	$51.1M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0099%	8h	86,929.1	−0.388%	$218.2M	$185.7M	50x	as long as short
Paradex BTC-USD-PERP	+0.0099%	8h	87,306.1	+0.044%	$4.4M	$7.7M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	87,226	−0.048%	$181K	$6.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	87,261.4	−0.008%	$23.4M	$234.6M	50x	as long as short
Pacifica BTC	+0.0100%	1h	87,279.9	+0.013%	$37.0M	$459.3M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	87,243	−0.029%	$3.9M	$18.7M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	87,289.4	+0.024%	$7.5M	$93.9M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	87,283.1	+0.017%	$38.8M	$143.2M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,936.3	−0.380%	$285.6M	$916.8M	100x	as long as short
StandX BTC-USDshort	+0.0100%	1h	86,875.9	−0.449%	$30.8M	$206.1M	40x
Vest BTC-PERP	+0.0100%	1h	87,246.3	−0.025%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	87,230	−0.044%	$11.1M	$13.6M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	87,224.7	−0.050%	$240K	$3.4M	20x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	87,296.6	+0.033%	$161K	$574K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	87,329.1	+0.070%	$30.2M	$60.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	87,341.9	+0.085%	$3.5M	$5.7M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	87,303.5	+0.041%	$2.32B	$932.8M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	87,245.2	−0.026%	$46.8M	$227.6M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	87,135.9	−0.151%	—	$89.0M	500x	as long as short
Kalshi KXBTCPERP	+0.0111%	8h	87,291	+0.026%	$9.5M	$714.3M	6.4x	as long as short
Hibachi BTC/USDT-P	+0.0112%	1h	86,949.1	−0.366%	$602K	$6.8M	30x	as long as short
Coinbase International BTC-PERP-INTX	+0.0136%	1h	87,397	+0.148%	$132.3M	$5.99B	50x	as long as short
BloFin BTC-USDT	+0.0165%	8h	86,924.3	−0.394%	$422.5M	$630.4M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0177% / S −0.0193%	1h	87,235.4	−0.037%	$13.9M	—	200x	as long as short
Hyperliquid BTC	+0.0265%	1h	87,384	+0.133%	$4.04B	$4.92B	40x	as long as short