Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: Lighter RH against Popdex+0.018%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$90.089% of the position
Funding, last 4 days (all we have)+0.002%$0 on $10k
+Price spread, last 7 days−0.039%−$4 · spread now +0.018%, 7d avg +0.007%
=Together, before fees−0.037%+ Points / potential airdropLighter RH: Points live · farm board−$4 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex BTCUSDT | 85,439 | 0.0096 | pay 0.0012% / 1h | 24m 38s | $8.4M | $56.4M | 100x |
| Short | Lighter RH BTC | 85,454.6 | 0.0096 | get 0.0012% / 1h | 24m 38s | $23.5M | $148.2M | 50x |
Popdex BTCUSDT
Lighter RH BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Popdex. 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: +0.018% → +0.007%
- $1.16
- Slippage, 4 orders
- −$2.47
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$7.71
- Costs to cover
- 0.089%
- Break-even
- never at this rate
Slippage from Popdex: live order book, 5 min ago; Lighter RH: 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 Popdex live order book, 5 min ago | 0.06 bp | 3.9 bp −$4 | 4.0 bp −$40 | 4.1 bp −$408 | 5.7 bp −$2,874 |
| Sell Lighter RH live order book, 5 min ago | 0.74 bp | 0.7 bp −$1 | 1.1 bp −$11 | 3.6 bp −$359 | 23.1 bp −$11.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0082% | 1h | 85,446 | +0.008% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,452 | +0.015% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0043% | 8h | 85,437.3 | −0.002% | $928.4M | $774.3M | 125x | as long as short |
| BloFin BTC-USDT | −0.0027% | 8h | 85,477 | +0.044% | $421.1M | $684.6M | 150x | as long as short |
| Aster BTCUSDT | −0.0009% | 8h | 85,440.9 | +0.002% | $513.2M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,452.6 | +0.016% | $353K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,523 | +0.098% | $491K | $18.5M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,470 | +0.036% | $16.8M | $21.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,477 | +0.044% | $36.6M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0040% | 1h | 85,468.9 | +0.035% | $24.4M | $222.6M | 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 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0057% | 1h | 85,247 | −0.225% | $338K | $26.8M | 52x | as long as short |
| Deribit BTC-PERPETUAL | +0.0069% | 1h | 85,511 | +0.084% | $862.0M | $1.64B | 50x | as long as short |
| BingX BTC-USDT | +0.0071% | 8h | 85,441.9 | +0.003% | — | $1.57B | — | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,469.4 | +0.036% | $2.4M | $6.7M | 20x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0089% | 1h | 85,484.7 | +0.053% | $186.4M | $960.5M | 100x | as long as short |
| Bitget BTCUSDT | +0.0090% | 8h | 85,439.8 | +0.001% | $2.97B | $5.17B | 150x | as long as short |
| MEXC BTC_USDT | +0.0092% | 8h | 85,439.3 | 0.000% | $5.02B | $5.76B | 500x | as long as short |
| Binance BTCUSDT | +0.0093% | 8h | 85,439.6 | +0.001% | $9.43B | $24.99B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,457 | +0.021% | $170.1M | $1.02B | 50x | as long as short |
| Lighter RH BTCshort | +0.0096% | 1h | 85,454.6 | +0.018% | $23.5M | $148.2M | 50x | |
| Popdex BTCUSDTlong | +0.0096% | 1h | 85,439 | long leg | $8.4M | $56.4M | 100x | |
| Bybit BTCUSDT | +0.0099% | 8h | 85,437.1 | −0.002% | $5.15B | $9.99B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,421 | −0.021% | $243K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,489 | +0.059% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,525 | +0.101% | $3.75B | $5.07B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,473.5 | +0.040% | $40.0M | $602.6M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,445.2 | +0.007% | $2.60B | $12.27B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,448 | +0.011% | $3.8M | $17.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,437.4 | −0.002% | $5.2M | $98.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,445.9 | +0.008% | $5.55B | $11.03B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,455.7 | +0.020% | $37.1M | $178.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,436.8 | −0.003% | $154.6M | $558.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,386.4 | −0.062% | $279.8M | $950.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,423.4 | −0.018% | $214.5M | $163.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,436.7 | −0.003% | $139.7M | $313.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,414.7 | −0.028% | $30.1M | $203.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,552.4 | +0.133% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,506 | +0.078% | $11.0M | $14.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,500 | +0.071% | $202K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,480.4 | +0.048% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,520.3 | +0.095% | $194K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,214.5 | −0.263% | $29.9M | $47.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,506.7 | +0.079% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,471 | +0.037% | $59.8M | $336.8M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,479.1 | +0.047% | $2.26B | $968.7M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,498.9 | +0.070% | $152.9M | $510.7M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,269.9 | −0.198% | $683.1M | $415.1M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,418.3 | −0.024% | $44.9M | $240.8M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,481.9 | +0.050% | — | $106.8M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,505.6 | +0.078% | $115.2M | $5.49B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0129% | 1h | 85,462.8 | +0.028% | $6.6M | $147.7M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0183% | 8h | 85,499 | +0.070% | $11.8M | $741.1M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0193% | 1h | 85,469.4 | +0.036% | $8.8M | $42.8M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0200% / S −0.0176% | 1h | 85,441.9 | +0.003% | $13.1M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0232% | 1h | 85,492.1 | +0.062% | $685K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0247% | 1h | 85,377.9 | −0.072% | $79K | $230K | 20x | as long as short |
Injective BTC/USDC PERP
Deribit BTC-PERPETUAL
BingX BTC-USDT
Aevo BTC-PERP
Kraken Futures PF_XBTUSD
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Bybit BTCUSDT
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
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD