Funding you earn now, next payment 03:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.021%
Price spread now: Lighter against Arcus−0.007%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$200.204% of the position
Funding, last 4 days (all we have)−0.045%−$5 on $10k
+Price spread, last 4 days (all we have)+0.222%+$22 · spread now −0.007%, 7d avg +0.010%
=Together, before fees+0.177%+ Points / potential airdropLighter: Season 3 · farm board+$18 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus AAPL-USD | 338.80 | 0.0040 | pay 0.0005% / 1h | 32m 47s | $269K | $69K | 20x |
| Short | Lighter AAPL | 338.78 | 0.0032 | get 0.0004% / 1h | 32m 47s | $759K | $2.4M | 20x |
Arcus AAPL-USD
Lighter AAPLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Arcus. 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
- −$1.74
- Price spread: −0.007% → +0.010%
- −$1.71
- Slippage, 4 orders
- −$15.89
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$23.84
- Costs to cover
- 0.204%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 31 min ago; Lighter: live order book, 4 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 Arcus live order book, 31 min ago | 2.95 bp | 9.2 bp −$9 | 14.5 bp −$145 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 0.72 bp | 0.8 bp −$1 | 1.5 bp −$15 | 44.2 bp −$4,420 | doesn't fit |
AAPL on 33 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX AAPLUSDC | −0.0664% | 4h | 338.85 | +0.014% | $81K | $327K | 20x | as long as short |
| Nado AAPL-PERP | −0.0060% | 1h | 338.82 | +0.007% | $554K | $38K | 20x | as long as short |
| BloFin AAPL-USDT | −0.0028% | 8h | 338.92 | +0.035% | $343K | $169K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.90 | +0.030% | $122K | $291K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 338.81 | +0.004% | $285K | $2.0M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 338.92 | +0.034% | $22.3M | $67.0M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 338.94 | +0.041% | $6.0M | $39.2M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 338.96 | +0.047% | $6.3M | $6.8M | 25x | as long as short |
| Hotstuff AAPL-PERP | 0.0000% | 1h | 338.84 | +0.012% | $36K | — | 20x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.70 | −0.030% | $3.0M | $4.2M | 100x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
BloFin AAPL-USDT
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Hotstuff AAPL-PERP
Gate AAPL_USDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AAPLUSDT | 0.0000% | 8h | 339.00 | +0.059% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 338.92 | +0.034% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 338.88 | +0.023% | $17K | $424K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 338.91 | +0.032% | $868 | $4.6M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.75 | −0.015% | $28K | $67K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.01 | +0.062% | $52K | $224K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 338.91 | +0.032% | $2.1M | $6K | 10x | as long as short |
| QFEX AAPL-USD | +0.0013% | 1h | 338.88 | +0.024% | $3.2M | $4.8M | 10x | as long as short |
| Lighter AAPLshort | +0.0032% | 1h | 338.78 | −0.007% | $759K | $2.4M | 20x | |
| Lighter RH AAPL | +0.0032% | 1h | 338.83 | +0.009% | $951K | $3.6M | 20x | as long as short |
| Arcus AAPL-USDlong | +0.0040% | 1h | 338.80 | long leg | $269K | $69K | 20x | |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.73 | −0.021% | — | $45K | 25x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0048% | 1h | 338.78 | −0.006% | $659K | $673K | 10x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.63 | −0.050% | $261K | $370K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.86 | +0.018% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.67 | −0.038% | $1.3M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:AAPL | +0.0060% | 1h | 338.81 | +0.003% | $40.7M | $75.8M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.84 | +0.012% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.74 | −0.018% | $946K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.82 | +0.006% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.80 | +0.001% | $11K | — | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.25 | +0.133% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0259% | 1h | 338.96 | +0.047% | $5K | $11K | 20x | as long as short |
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
QFEX AAPL-USD
Lighter RH AAPL
Vest AAPL-USD-PERP
Coinbase International AAPL-PERP-INTX
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
tradeXYZ xyz:AAPL
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Injective AAPL/USDC PERP
Phoenix AAPL