Funding you earn now, next payment 23:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.013%
Price spread now: Lighter against Extended−0.010%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2as in the Price arb table
costs, in and out, $10k−$80.082% of the position
Funding, last 7 days+0.069%+$7 on $10k
+Price spread, last 7 days+0.047%+$5 · spread now −0.010%, 7d avg −0.071%
=Together, before fees+0.116%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.062% dearer against Extended than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.071%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended AAPL_24_5-USD | 339.07 | 0 | get 0.0000% / 1h | 27m 24s | $285K | $1.5M | 10x |
| Short | Lighter AAPL | 339.04 | 0.0056 | get 0.0007% / 1h | 27m 24s | $769K | $2.5M | 20x |
Extended AAPL_24_5-USD
Lighter AAPLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- $11.76
- Price spread: −0.010% → −0.071%
- $6.16
- Slippage, 4 orders
- −$3.22
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $9.7
- Costs to cover
- 0.082%
- Break-even
- 1.2 days
Slippage from Extended: live order book, 1 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 Extended live order book, 1 min ago | 0.15 bp | 3.8 bp −$4 | 21.4 bp −$214 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.15 bp | 0.4 bp $0 | 1.5 bp −$15 | 31.3 bp −$3,133 | 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 | −0.0400% | 4h | 339.11 | +0.011% | $81K | $325K | 20x | as long as short |
| BloFin AAPL-USDT | −0.0005% | 8h | 339.14 | +0.021% | $351K | $168K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.11 | +0.013% | $122K | $291K | 20x | as long as short |
| Extended AAPL_24_5-USDlong | 0.0000% | 1h | 339.07 | long leg | $285K | $1.5M | 10x | |
| Binance AAPLUSDT | 0.0000% | 8h | 339.13 | +0.018% | $22.4M | $67.4M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.18 | +0.033% | $6.1M | $39.9M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.04 | −0.008% | $6.6M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.89 | −0.052% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.13 | +0.018% | $6.2M | $3.4M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.13 | +0.020% | $2.4M | $1.4M | — | as long as short |
edgeX AAPLUSDC
BloFin AAPL-USDT
Aster AAPLUSDT
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPLShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.12 | +0.014% | $14K | $498K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.10 | +0.010% | $871 | $4.8M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.23 | +0.048% | $53K | $222K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.15 | +0.024% | $2.1M | $7K | 10x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.05 | −0.005% | $968K | $3.8M | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.76 | −0.091% | — | $53K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.89 | −0.052% | $265K | $395K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.03 | −0.011% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.75 | −0.094% | $1.5M | $2.4M | 20x | as long as short |
| Lighter AAPLshort | +0.0056% | 1h | 339.04 | −0.010% | $769K | $2.5M | 20x | |
| QFEX AAPL-USD | +0.0059% | 1h | 339.05 | −0.005% | $3.2M | $5.1M | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0072% | 1h | 339.03 | −0.011% | $36K | — | 20x | as long as short |
| Nado AAPL-PERP | +0.0087% | 1h | 338.86 | −0.061% | $556K | $34K | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.84 | −0.067% | $1.4M | $28K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.77 | −0.088% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.99 | −0.023% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.05 | −0.007% | $11K | — | 10x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | +0.0134% | 1h | 338.96 | −0.032% | $28K | $65K | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0184% | 1h | 339.03 | −0.011% | $660K | $677K | 10x | as long as short |
| tradeXYZ xyz:AAPL | +0.0185% | 1h | 339.03 | −0.011% | $40.9M | $76.8M | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.55 | +0.142% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0354% | 1h | 339.16 | +0.027% | $2K | $11K | 20x | as long as short |
| Arcus AAPL-USD | +0.0364% | 1h | 339.02 | −0.014% | $270K | $70K | 20x | as long as short |
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
Lighter RH AAPL
Vest AAPL-USD-PERP
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
QFEX AAPL-USD
Hotstuff AAPL-PERP
Nado AAPL-PERP
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Deribit AAPL_USDC-PERPETUAL
Coinbase International AAPL-PERP-INTX
tradeXYZ xyz:AAPL
Injective AAPL/USDC PERP
Phoenix AAPL
Arcus AAPL-USD