Funding you earn now, next payment 09:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.021%
Price spread now: Arcus against Lighter−0.013%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−$21as in the Price arb table
costs, in and out, $10k−$210.205% of the position
Funding, last 4 days (all we have)+0.046%+$5 on $10k
+Price spread, last 4 days (all we have)−0.202%−$20 · spread now −0.013%, 7d avg −0.010%
=Together, before fees−0.156%+ Points / potential airdropLighter: Season 3 · farm board−$16 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AAPL | 339.94 | 0.0032 | pay 0.0004% / 1h | 48m 54s | $932K | $2.6M | 20x |
| Short | Arcus AAPL-USD | 339.90 | 0.0040 | get 0.0005% / 1h | 48m 54s | $267K | $59K | 20x |
Lighter AAPL
Arcus AAPL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Lighter. 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: −0.013% → −0.010%
- −$0.34
- Slippage, 4 orders
- −$16.01
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$19.11
- Costs to cover
- 0.205%
- Break-even
- 84.0 days
Slippage from Lighter: live order book, 3 min ago; Arcus: live order book, 49 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 Lighter live order book, 3 min ago | 0.56 bp | 0.6 bp −$1 | 1.4 bp −$14 | 27.4 bp −$2,737 | doesn't fit |
| Sell Arcus live order book, 49 min ago | 0.74 bp | 7.2 bp −$7 | 10.8 bp −$108 | doesn't fit | 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 | −0.0110% | 4h | 340.11 | +0.050% | $81K | $326K | 20x | as long as short |
| Nado AAPL-PERP | −0.0023% | 1h | 339.84 | −0.029% | $556K | $36K | 20x | as long as short |
| BloFin AAPL-USDT | −0.0011% | 8h | 340.04 | +0.028% | $344K | $166K | 20x | as long as short |
| Hotstuff AAPL-PERP | −0.0008% | 1h | 339.93 | −0.004% | $36K | — | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.90 | −0.013% | $121K | $294K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.94 | 0.000% | $285K | $2.1M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 340.04 | +0.028% | $22.2M | $67.3M | 25x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 340.00 | +0.016% | $6.3M | $7.0M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.84 | −0.031% | $3.0M | $5.6M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 340.04 | +0.028% | $6.2M | $3.5M | 100x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
BloFin AAPL-USDT
Hotstuff AAPL-PERP
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance 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 | 340.04 | +0.026% | $2.5M | $1.2M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 340.12 | +0.053% | $13K | $349K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 340.00 | +0.016% | $510 | $4.4M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.83 | −0.034% | $28K | $69K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 340.08 | +0.040% | $62K | $244K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 340.07 | +0.037% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USD | +0.0010% | 1h | 339.90 | −0.013% | $3.2M | $4.2M | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0024% | 1h | 339.92 | −0.007% | $663K | $658K | 10x | as long as short |
| Lighter AAPLlong | +0.0032% | 1h | 339.94 | long leg | $932K | $2.6M | 20x | |
| Lighter RH AAPL | +0.0032% | 1h | 339.94 | −0.001% | $956K | $3.2M | 20x | as long as short |
| Arcus AAPL-USDshort | +0.0040% | 1h | 339.90 | −0.013% | $267K | $59K | 20x | |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.77 | −0.051% | — | $45K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.76 | −0.054% | $279K | $375K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.92 | −0.007% | $76K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.87 | −0.022% | $1.3M | $2.3M | 20x | as long as short |
| Bybit AAPLUSDT | +0.0067% | 8h | 340.15 | +0.060% | $6.4M | $179.7M | 100x | as long as short |
| tradeXYZ xyz:AAPL | +0.0095% | 1h | 339.96 | +0.004% | $40.3M | $76.6M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.90 | −0.013% | $1.4M | $64K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.94 | −0.001% | $950K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.91 | −0.010% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.86 | −0.025% | $11K | $102 | 10x | as long as short |
| Phoenix AAPL | +0.0212% | 1h | 340.13 | +0.054% | $5K | $12K | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 340.55 | +0.178% | $192K | $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
Coinbase International AAPL-PERP-INTX
Lighter RH AAPL
Vest AAPL-USD-PERP
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
Bybit AAPLUSDT
tradeXYZ xyz:AAPL
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Phoenix AAPL
Injective AAPL/USDC PERP