Settings8H · net · $10k
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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0112%/8h= +12.3% APRnext payment +$0.14 per $10,000 · paid last 24h +0.032%
Price spread now: Lighter RH against 01 Exchange+0.022%7-day average +0.013% · 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−$9as in the Price arb table
costs, in and out, $10k−$100.100% of the position
Long on 01 ExchangeShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.091%+$9 on $10k
Price spread, last 7 days−0.053%−$5 · spread now +0.022%, 7d avg +0.013%
Together, before fees+0.038%+ Points / potential airdropLighter RH: Points live · farm board+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange BTCUSD86,341.1−0.0016get 0.0002% / 1h4m 59s$357K$2.5M50x
ShortLighter RH BTC86,359.70.0096get 0.0012% / 1h4m 59s$24.0M$153.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against 01 Exchange. 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

Funding earned
$23.52
Price spread: +0.022% → +0.013%
$0.89
Slippage, 4 orders
−$2.98
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Lighter RH: 0 bp × 2 orders
$0
Net
$14.44
Costs to cover
0.100%
Break-even
2.7 days
Slippage from 01 Exchange: live order book, 4 min ago; Lighter RH: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange live order book, 4 min ago0.04 bp4.7 bp −$58.7 bp −$87doesn't fitdoesn't fit
Sell Lighter RH live order book, 4 min ago0.53 bp0.5 bp −$10.8 bp −$83.4 bp −$33824.9 bp −$12.4K

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin BTC-PERP−0.0498%1h86,374.5+0.039%$140K$663K40xas long as short
Phoenix BTC−0.0159%1h86,349+0.009%$2.2M$11.8M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,323−0.021%$9K$3K50xas long as short
01 Exchange BTCUSDlong−0.0016%1h86,341.1long leg$357K$2.5M50x
Aster BTCUSDT−0.0010%8h86,356.8+0.018%$503.0M$1.15B200xas long as short
KuCoin XBTUSDTM+0.0004%8h86,337.7−0.004%$849.1M$713.4M125xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,360.5+0.022%$36.8M—200xas long as short
RISEx BTC/USDC+0.0006%1h86,337.9−0.004%$8.4M$42.8M25xas long as short
dYdX BTC-USD+0.0008%1h86,352+0.013%$16.9M$21.1M50xas long as short
Deribit BTC-PERPETUAL+0.0022%1h86,378+0.043%$917.5M$1.49B50xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0023%1h86,342.9+0.002%$6.7M$145.1M40xas long as short
Injective BTC/USDC PERP+0.0024%1h86,360+0.022%$332K$26.8M52xas long as short
BingX BTC-USDC+0.0037%8h86,351.4+0.012%—$15.4M—as long as short
Phemex BTCUSDT+0.0044%8h86,345.5+0.005%$149.7M$477.4M150xas long as short
Bitget BTCUSDT+0.0048%8h86,3410.000%$2.95B$5.11B150xas long as short
MEXC BTC_USDT+0.0064%8h86,345.1+0.005%$5.13B$5.72B500xas long as short
Aevo BTC-PERP+0.0064%1h86,336.8−0.005%$2.4M$1.3M20xas long as short
Aftermath Perps BTCUSD+0.0064%1h86,382.9+0.048%$80K$219K20xas long as short
Binance BTCUSDT+0.0065%8h86,365.1+0.028%$9.41B$24.49B150xas long as short
Gate BTC_USDT+0.0080%8h86,362.9+0.025%$5.84B$10.78B200xas long as short
Lighter BTC+0.0096%1h86,349.2+0.009%$169.9M$1.02B50xas long as short
Lighter RH BTCshort+0.0096%1h86,359.7+0.022%$24.0M$153.0M50x
Popdex BTCUSDT+0.0096%1h86,3410.000%$8.4M$52.4M100xas long as short
Bybit BTCUSDT+0.0096%8h86,360.9+0.023%$5.26B$9.80B150xas long as short
Katana Perps BTC-USD+0.0100%8h86,304−0.043%$205K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,365.2+0.028%$4.8M$8.5M50xas long as short
Nado BTC-PERP+0.0100%1h86,322.4−0.022%$21.7M$234.6M50xas long as short
Hyperliquid BTC+0.0100%1h86,412+0.082%$3.79B$5.10B40xas long as short
Pacifica BTC+0.0100%1h86,356.8+0.018%$40.7M$517.9M50xas long as short
OKX BTC-USDT-SWAP+0.0100%8h86,368.7+0.032%$2.54B$12.69B100xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,333−0.009%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,379.7+0.045%$7.8M$94.5M40xas long as short
Bulk BTC-USD+0.0100%1h86,320.9−0.023%$570.7M$18.4M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,336.8−0.005%$37.8M$154.7M75xas long as short
Variational Omni BTC+0.0100%8h86,349.5+0.010%$155.5M$568.5M—as long as short
edgeX BTCUSDC+0.0100%4h86,273.7−0.078%$278.9M$945.3M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,335.7−0.006%$216.9M$174.8M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,285.8−0.064%$141.1M$323.8M100xas long as short
StandX BTC-USD+0.0100%1h86,324.9−0.019%$30.6M$204.1M40xas long as short
Vest BTC-PERP+0.0100%1h86,385.8+0.052%—$11.7M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h86,345+0.005%$11.1M$13.8M50xas long as short
Bullet BTC-USD+0.0100%1h86,347.2+0.007%$191K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,349+0.009%$2.4M$8.7M100xas long as short
Derive BTC-PERP+0.0100%1h86,374.8+0.039%$30.5M$62.2M15xas long as short
SunX BTC-USDT+0.0100%8h86,326.3−0.017%$3.4M$5.4M100xas long as short
SoDEX BTC-USD+0.0100%1h86,347+0.007%$60.4M$337.3M40xas long as short
HTX BTC-USDT+0.0100%8h86,335.7−0.006%$2.29B$968.7M200xas long as short
Extended BTC-USD+0.0104%1h86,324.3−0.019%$45.6M$226.4M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,353+0.014%—$98.9M500xas long as short
Perpl BTC+0.0112%43m86,343.1+0.002%$418K$23.5M6.7xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h86,384.9+0.051%$131.9M$5.68B50xas long as short
Kraken Futures PF_XBTUSD+0.0121%1h86,366+0.029%$191.8M$946.6M100xas long as short
Hibachi BTC/USDT-P+0.0136%1h86,334−0.008%$719K$8.1M30xas long as short
BloFin BTC-USDT+0.0185%8h86,347.3+0.007%$414.6M$653.8M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0188% / S −0.0211%1h86,354.3+0.015%$15.1M—200xas long as short
Kalshi KXBTCPERP+0.0199%8h86,360+0.022%$9.6M$736.2M6.4xas long as short