Funding you earn now, next payment 22:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.017%
Price spread now: Lighter RH against Deribit+0.047%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.047% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit AAPL_USDC-PERPETUAL | 338.78 | 0 | get 0.0000% / 1h | 3m 03s | $28K | $65K | 10x |
| Short | Lighter RH AAPL | 338.94 | 0.0032 | get 0.0004% / 1h | 3m 03s | $973K | $3.9M | 20x |
Deribit AAPL_USDC-PERPETUAL
Lighter RH AAPLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Deribit. 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
- $6.72
- Price spread: +0.047% → 0.000%
- $4.72
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $4.44
- Costs to cover
- 0.070%
- Break-even
- 2.4 days
Slippage unknown: Deribit: no order-book sample; Lighter RH: live order book, 5 min ago. Net counts fees only.
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 Deribit no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 5 min ago | 0.59 bp | 1.4 bp −$1 | 4.6 bp −$46 | 44.5 bp −$4,449 | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0675% | 4h | 339.07 | +0.085% | $81K | $326K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.07 | +0.087% | $122K | $291K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 338.96 | +0.052% | $284K | $1.5M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.00 | +0.065% | $22.3M | $67.3M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.07 | +0.086% | $6.2M | $24.9M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.00 | +0.065% | $6.6M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.83 | +0.015% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.02 | +0.071% | $6.2M | $3.3M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.06 | +0.081% | $2.5M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.05 | +0.080% | $14K | $510K | 10x | as long as short |
edgeX AAPLUSDC
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_PerpShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX AAPL-USDT | 0.0000% | 8h | 338.99 | +0.062% | $542 | $4.8M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUALlong | 0.0000% | 1h | 338.78 | long leg | $28K | $65K | 10x | |
| HTX AAPL-USDT | 0.0000% | 8h | 339.04 | +0.077% | $53K | $223K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.13 | +0.103% | $2.1M | $7K | 10x | as long as short |
| BloFin AAPL-USDT | +0.0012% | 8h | 339.08 | +0.089% | $354K | $165K | 20x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.90 | +0.035% | $761K | $2.5M | 20x | as long as short |
| Lighter RH AAPLshort | +0.0032% | 1h | 338.94 | +0.047% | $973K | $3.9M | 20x | |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.68 | −0.030% | — | $53K | 25x | as long as short |
| QFEX AAPL-USD | +0.0049% | 1h | 339.01 | +0.068% | $3.2M | $5.0M | 10x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.75 | −0.009% | $271K | $384K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.96 | +0.053% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.74 | −0.012% | $1.4M | $2.4M | 20x | as long as short |
| Nado AAPL-PERP | +0.0088% | 1h | 338.76 | −0.006% | $556K | $35K | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.76 | −0.006% | $1.4M | $28K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.76 | −0.006% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.88 | +0.030% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.95 | +0.051% | $11K | — | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0128% | 1h | 338.99 | +0.062% | $36K | — | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0144% | 1h | 339.00 | +0.065% | $661K | $675K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.41 | +0.186% | $191K | $44K | 30x | as long as short |
| tradeXYZ xyz:AAPL | +0.0222% | 1h | 338.95 | +0.050% | $40.9M | $77.1M | 20x | as long as short |
| Phoenix AAPL | +0.0283% | 1h | 339.13 | +0.103% | $2K | $12K | 20x | as long as short |
| Arcus AAPL-USD | +0.0310% | 1h | 338.97 | +0.056% | $270K | $69K | 20x | as long as short |
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
BloFin AAPL-USDT
Lighter AAPL
Vest AAPL-USD-PERP
QFEX AAPL-USD
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
Nado AAPL-PERP
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Hotstuff AAPL-PERP
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP
tradeXYZ xyz:AAPL
Phoenix AAPL
Arcus AAPL-USD