Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.007%
Price spread now: Extended against Lighter+0.020%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$90.087% of the position
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 7 days−0.044%−$4 · spread now +0.020%, 7d avg +0.073%
=Together, before fees−0.110%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.054% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.073%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AAPL | 338.74 | 0.0032 | pay 0.0004% / 1h | 49m 47s | $782K | $2.4M | 20x |
| Short | Extended AAPL_24_5-USD | 338.81 | 0 | get 0.0000% / 1h | 49m 47s | $284K | $2.0M | 10x |
Lighter AAPL
Extended AAPL_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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: +0.020% → +0.073%
- −$5.35
- Slippage, 4 orders
- −$3.65
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$20.72
- Costs to cover
- 0.087%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Extended: live order book, 4 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, 7 min ago | 0.10 bp | 0.4 bp $0 | 1.1 bp −$11 | 28.6 bp −$2,865 | doesn't fit |
| Sell Extended live order book, 4 min ago | 0.15 bp | 3.8 bp −$4 | 14.0 bp −$140 | 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 | −0.0446% | 4h | 338.80 | +0.016% | $81K | $327K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | −0.0193% | 1h | 338.61 | −0.038% | $28K | $67K | 10x | as long as short |
| Nado AAPL-PERP | −0.0122% | 1h | 338.82 | +0.025% | $554K | $38K | 20x | as long as short |
| BloFin AAPL-USDT | 0.0000% | 8h | 338.91 | +0.050% | $341K | $168K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.79 | +0.015% | $121K | $292K | 20x | as long as short |
| Extended AAPL_24_5-USDshort | 0.0000% | 1h | 338.81 | +0.020% | $284K | $2.0M | 10x | |
| Binance AAPLUSDT | 0.0000% | 8h | 338.90 | +0.046% | $21.9M | $67.1M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 338.85 | +0.032% | $7.2M | $58.0M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 338.89 | +0.044% | $6.3M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.64 | −0.030% | $3.0M | $4.3M | 100x | as long as short |
edgeX AAPLUSDC
Deribit AAPL_USDC-PERPETUAL
Nado AAPL-PERP
BloFin AAPL-USDT
Aster AAPLUSDT
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AAPLUSDT | 0.0000% | 8h | 338.94 | +0.059% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 338.92 | +0.052% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 338.85 | +0.032% | $16K | $411K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 338.91 | +0.050% | $830 | $4.6M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 338.99 | +0.074% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 338.97 | +0.068% | $2.1M | $7K | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0008% | 1h | 338.74 | 0.000% | $36K | — | 20x | as long as short |
| QFEX AAPL-USD | +0.0030% | 1h | 338.84 | +0.030% | $3.2M | $4.5M | 10x | as long as short |
| Lighter AAPLlong | +0.0032% | 1h | 338.74 | long leg | $782K | $2.4M | 20x | |
| Lighter RH AAPL | +0.0032% | 1h | 338.74 | 0.000% | $946K | $3.6M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 338.74 | 0.000% | $266K | $65K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.69 | −0.015% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 338.75 | +0.003% | $40.5M | $76.0M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.76 | +0.006% | $278K | $405K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.77 | +0.009% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.67 | −0.021% | $1.3M | $2.5M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0096% | 1h | 338.78 | +0.012% | $659K | $652K | 10x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.58 | −0.047% | $1.4M | $38K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.72 | −0.006% | $946K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.77 | +0.009% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.78 | +0.012% | $11K | — | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.63 | −0.032% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0236% | 1h | 338.85 | +0.032% | $5K | $11K | 20x | as long as short |
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
Hotstuff AAPL-PERP
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
Coinbase International AAPL-PERP-INTX
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Injective AAPL/USDC PERP
Phoenix AAPL