Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.003%
Price spread now: Deribit against Lighter−0.025%7-day average — · you buy dearer than you sell
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: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.025% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AAPL | 340.07 | 0.0032 | pay 0.0004% / 1h | 46m 26s | $932K | $2.6M | 20x |
| Short | Deribit AAPL_USDC-PERPETUAL | 339.98 | 0 | get 0.0000% / 1h | 46m 26s | $28K | $69K | 10x |
Lighter AAPL
Deribit AAPL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$6.72
- Price spread: −0.025% → 0.000%
- −$2.53
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$16.25
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 6 min ago; Deribit: no order-book sample. 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 Lighter live order book, 6 min ago | 0.56 bp | 0.6 bp −$1 | 1.4 bp −$14 | 27.4 bp −$2,737 | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
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 | −0.0921% | 4h | 339.95 | −0.033% | $81K | $327K | 20x | as long as short |
| Nado AAPL-PERP | −0.0019% | 1h | 339.87 | −0.057% | $556K | $36K | 20x | as long as short |
| Hotstuff AAPL-PERP | −0.0008% | 1h | 340.04 | −0.008% | $36K | — | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.90 | −0.050% | $121K | $294K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 340.00 | −0.018% | $285K | $2.1M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 340.06 | −0.002% | $22.2M | $67.3M | 25x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 340.05 | −0.005% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.91 | −0.046% | $3.0M | $5.6M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 340.06 | −0.002% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 340.04 | −0.009% | $2.5M | $1.2M | — | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Hotstuff AAPL-PERP
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance 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 | 340.04 | −0.008% | $13K | $349K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 340.10 | +0.010% | $592 | $4.4M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUALshort | 0.0000% | 1h | 339.98 | −0.025% | $28K | $69K | 10x | |
| HTX AAPL-USDT | 0.0000% | 8h | 340.22 | +0.045% | $62K | $244K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 340.07 | +0.001% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USD | +0.0010% | 1h | 340.03 | −0.011% | $3.2M | $4.2M | 10x | as long as short |
| BloFin AAPL-USDT | +0.0022% | 8h | 340.13 | +0.019% | $344K | $166K | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0024% | 1h | 339.92 | −0.043% | $663K | $656K | 10x | as long as short |
| Lighter AAPLlong | +0.0032% | 1h | 340.07 | long leg | $932K | $2.6M | 20x | |
| Lighter RH AAPL | +0.0032% | 1h | 340.04 | −0.008% | $957K | $3.2M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.96 | −0.031% | $267K | $59K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.86 | −0.061% | — | $45K | 25x | as long as short |
| Bybit AAPLUSDT | +0.0047% | 8h | 340.12 | +0.016% | $6.3M | $180.3M | 100x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.85 | −0.064% | $279K | $375K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 340.01 | −0.016% | $76K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.89 | −0.052% | $1.3M | $2.4M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.92 | −0.043% | $1.4M | $65K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.86 | −0.061% | $949K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.94 | −0.037% | $4K | — | 10x | as long as short |
| tradeXYZ xyz:AAPL | +0.0101% | 1h | 340.01 | −0.016% | $40.3M | $76.6M | 20x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.93 | −0.040% | $11K | $102 | 10x | as long as short |
| Phoenix AAPL | +0.0212% | 1h | 340.13 | +0.019% | $5K | $12K | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 340.55 | +0.142% | $192K | $44K | 30x | as long as short |
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
QFEX AAPL-USD
BloFin AAPL-USDT
Coinbase International AAPL-PERP-INTX
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
Bybit AAPLUSDT
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
tradeXYZ xyz:AAPL
Aevo AAPL-PERP
Phoenix AAPL
Injective AAPL/USDC PERP