Funding you earn now, next payment 06:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.007%
Price spread now: Lighter against Coinbase International−0.006%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$170.169% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)−0.046%−$5 · spread now −0.006%, 7d avg +0.019%
=Together, before fees−0.030%+ Points / potential airdropLighter: Season 3 · farm board−$3 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: Lighter is 0.025% cheaper against Coinbase International than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International AAPL-PERP-INTX | 339.66 | 0.0024 | pay 0.0003% / 1h | 32m 03s | $663K | $663K | 10x |
| Short | Lighter AAPL | 339.64 | 0.0032 | get 0.0004% / 1h | 32m 03s | $907K | $2.6M | 20x |
Coinbase International AAPL-PERP-INTX
Lighter AAPLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Coinbase International. 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
- $1.68
- Price spread: −0.006% → +0.019%
- −$2.47
- Slippage, 4 orders
- −$6.88
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$17.67
- Costs to cover
- 0.169%
- Break-even
- 80.6 days
Slippage from Coinbase International: live order book, 11 min ago; Lighter: 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 Coinbase International live order book, 11 min ago | 2.21 bp | 7.9 bp −$8 | 10.3 bp −$103 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.43 bp | 0.6 bp −$1 | 2.4 bp −$24 | 31.3 bp −$3,127 | 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 | −0.0257% | 4h | 339.61 | −0.013% | $81K | $327K | 20x | as long as short |
| Nado AAPL-PERP | −0.0058% | 1h | 339.63 | −0.008% | $556K | $38K | 20x | as long as short |
| BloFin AAPL-USDT | −0.0007% | 8h | 339.71 | +0.015% | $342K | $168K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.65 | −0.002% | $121K | $292K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.63 | −0.009% | $285K | $1.8M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.71 | +0.015% | $22.1M | $67.7M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.75 | +0.026% | $5.9M | $111.9M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.70 | +0.012% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.48 | −0.053% | $3.0M | $5.1M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.76 | +0.029% | $6.2M | $3.5M | 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
Gate AAPL_USDT
Bitget AAPLUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AAPL | 0.0000% | 8h | 339.77 | +0.034% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.70 | +0.011% | $16K | $402K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.69 | +0.009% | $540 | $4.6M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.61 | −0.015% | $28K | $68K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.79 | +0.038% | $62K | $245K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.77 | +0.032% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USD | +0.0023% | 1h | 339.65 | −0.003% | $3.3M | $4.3M | 10x | as long as short |
| Coinbase International AAPL-PERP-INTXlong | +0.0024% | 1h | 339.66 | long leg | $663K | $663K | 10x | |
| Lighter AAPLshort | +0.0032% | 1h | 339.64 | −0.006% | $907K | $2.6M | 20x | |
| Lighter RH AAPL | +0.0032% | 1h | 339.65 | −0.003% | $944K | $3.6M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.60 | −0.018% | $267K | $60K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.58 | −0.024% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.64 | −0.006% | $40.6M | $76.5M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.64 | −0.006% | $279K | $417K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.63 | −0.009% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.50 | −0.047% | $1.3M | $2.4M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.55 | −0.032% | $1.4M | $39K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.58 | −0.024% | $949K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.57 | −0.026% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.60 | −0.017% | $11K | $102 | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0112% | 1h | 339.63 | −0.009% | $36K | — | 20x | as long as short |
| Phoenix AAPL | +0.0212% | 1h | 339.80 | +0.041% | $5K | $12K | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.58 | −0.024% | $191K | $44K | 30x | as long as short |
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
Arcus AAPL-USD
Vest AAPL-USD-PERP
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Hotstuff AAPL-PERP
Phoenix AAPL
Injective AAPL/USDC PERP