Funding you earn now, next payment 23:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h −0.019%
Price spread now: Nado against Lighter−0.048%7-day average +0.014% · 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−$31as in the Price arb table
costs, in and out, $10k−$250.251% of the position
Funding, last 3 days (all we have)−0.083%−$8 on $10k
+Price spread, last 3 days (all we have)+0.059%+$6 · spread now −0.048%, 7d avg +0.014%
=Together, before fees−0.024%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board−$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.062% cheaper against Lighter than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.014%). If the spread goes back, that is −$6 on $10k: about 8.7 days of funding at the current rate (+$1 a day). Mind the row above: over the last 3 days funding on this pair cost −0.083%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AAPL | 338.96 | 0.0056 | pay 0.0007% / 1h | 15m 57s | $772K | $2.5M | 20x |
| Short | Nado AAPL-PERP | 338.80 | 0.0080 | get 0.0010% / 1h | 15m 57s | $556K | $34K | 20x |
Lighter AAPL
Nado AAPL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $5.04
- Price spread: −0.048% → +0.014%
- −$6.25
- Slippage, 4 orders
- −$18.05
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$26.26
- Costs to cover
- 0.251%
- Break-even
- 43.5 days
Slippage from Lighter: live order book, 6 min ago; Nado: live order book, 2 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, 6 min ago | 0.32 bp | 0.6 bp −$1 | 2.0 bp −$20 | 50.8 bp −$5,082 | doesn't fit |
| Sell Nado live order book, 2 min ago | 0.15 bp | 10.7 bp −$11 | 29.9 bp −$299 | 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 | −0.0884% | 4h | 339.05 | +0.027% | $81K | $326K | 20x | as long as short |
| BloFin AAPL-USDT | −0.0020% | 8h | 339.07 | +0.032% | $351K | $168K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.10 | +0.041% | $122K | $291K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.01 | +0.015% | $285K | $1.5M | 10x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.13 | +0.050% | $6.1M | $39.8M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.05 | +0.026% | $6.6M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.89 | −0.021% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.07 | +0.032% | $6.2M | $3.3M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.10 | +0.039% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.10 | +0.040% | $14K | $498K | 10x | as long as short |
edgeX AAPLUSDC
BloFin AAPL-USDT
Aster AAPLUSDT
Extended AAPL_24_5-USD
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 | 339.06 | +0.029% | $905 | $4.8M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.82 | −0.042% | $28K | $65K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.20 | +0.070% | $53K | $222K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.21 | +0.073% | $2.1M | $7K | 10x | as long as short |
| Binance AAPLUSDT | +0.0001% | 8h | 339.08 | +0.035% | $22.4M | $67.3M | 25x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 338.99 | +0.008% | $968K | $3.8M | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.70 | −0.077% | — | $53K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.86 | −0.030% | $265K | $394K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.97 | +0.002% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.70 | −0.077% | $1.5M | $2.4M | 20x | as long as short |
| Lighter AAPLlong | +0.0056% | 1h | 338.96 | long leg | $772K | $2.5M | 20x | |
| QFEX AAPL-USD | +0.0059% | 1h | 339.01 | +0.014% | $3.2M | $5.1M | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0072% | 1h | 338.96 | −0.001% | $36K | — | 20x | as long as short |
| Nado AAPL-PERPshort | +0.0080% | 1h | 338.80 | −0.048% | $556K | $34K | 20x | |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.84 | −0.036% | $1.4M | $28K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.74 | −0.065% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.93 | −0.009% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.99 | +0.008% | $11K | — | 10x | as long as short |
| tradeXYZ xyz:AAPL | +0.0183% | 1h | 338.96 | −0.001% | $40.9M | $76.6M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0184% | 1h | 339.03 | +0.020% | $660K | $677K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.55 | +0.173% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0354% | 1h | 339.15 | +0.055% | $2K | $11K | 20x | as long as short |
| Arcus AAPL-USD | +0.0364% | 1h | 338.96 | −0.001% | $270K | $70K | 20x | as long as short |
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
Binance 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
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
tradeXYZ xyz:AAPL
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP
Phoenix AAPL
Arcus AAPL-USD