Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.022%
Price spread now: Arcus against Lighter RH−0.015%7-day average −0.021% · 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−$17as in the Price arb table
costs, in and out, $10k−$170.172% of the position
Funding, last 4 days (all we have)+0.049%+$5 on $10k
+Price spread, last 4 days (all we have)−0.231%−$23 · spread now −0.015%, 7d avg −0.021%
=Together, before fees−0.182%+ Points / potential airdropLighter RH: Points live · farm board−$18 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH AAPL | 339.78 | 0.0032 | pay 0.0004% / 1h | 55m 32s | $986K | $3.1M | 20x |
| Short | Arcus AAPL-USD | 339.73 | 0.0082 | get 0.0010% / 1h | 55m 32s | $267K | $60K | 20x |
Lighter RH AAPL
Arcus AAPL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Lighter RH. 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
- $10.53
- Price spread: −0.015% → −0.021%
- $0.65
- Slippage, 4 orders
- −$12.71
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$6.03
- Costs to cover
- 0.172%
- Break-even
- 11.0 days
Slippage from Lighter RH: live order book, 3 min ago; Arcus: live order book, 38 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 RH live order book, 3 min ago | 1.32 bp | 2.0 bp −$2 | 5.3 bp −$53 | 47.2 bp −$4,719 | doesn't fit |
| Sell Arcus live order book, 38 min ago | 2.80 bp | 6.1 bp −$6 | 7.9 bp −$79 | 17.1 bp −$1,712 | 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 | −0.0111% | 4h | 339.90 | +0.035% | $81K | $325K | 20x | as long as short |
| Nado AAPL-PERP | −0.0051% | 1h | 339.76 | −0.007% | $556K | $35K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.87 | +0.025% | $121K | $295K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.74 | −0.012% | $285K | $2.1M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.82 | +0.012% | $22.1M | $67.2M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.93 | +0.044% | $7.6M | $231.6M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.86 | +0.024% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.65 | −0.038% | $3.0M | $6.8M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.81 | +0.009% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.85 | +0.019% | $2.5M | $1.2M | — | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Aster AAPLUSDT
Extended AAPL_24_5-USD
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 | 339.99 | +0.061% | $22K | $345K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.92 | +0.041% | $673 | $4.3M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.77 | −0.003% | $28K | $70K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.97 | +0.056% | $62K | $242K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.93 | +0.044% | $2.1M | $7K | 10x | as long as short |
| BloFin AAPL-USDT | +0.0005% | 8h | 339.97 | +0.056% | $346K | $166K | 20x | as long as short |
| QFEX AAPL-USD | +0.0031% | 1h | 339.75 | −0.009% | $3.3M | $4.3M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.80 | +0.005% | $928K | $2.6M | 20x | as long as short |
| Lighter RH AAPLlong | +0.0032% | 1h | 339.78 | long leg | $986K | $3.1M | 20x | |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.66 | −0.035% | — | $45K | 25x | as long as short |
| Hotstuff AAPL-PERP | +0.0048% | 1h | 339.74 | −0.012% | $36K | — | 20x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.77 | −0.003% | $40.4M | $76.7M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.74 | −0.012% | $279K | $350K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.78 | 0.000% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.60 | −0.053% | $1.3M | $2.2M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0056% | 1h | 339.97 | +0.056% | $661K | $654K | 10x | as long as short |
| Arcus AAPL-USDshort | +0.0082% | 1h | 339.73 | −0.015% | $267K | $60K | 20x | |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.71 | −0.021% | $1.4M | $105K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.84 | +0.018% | $949K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.85 | +0.021% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.80 | +0.006% | $11K | $102 | 10x | as long as short |
| Phoenix AAPL | +0.0212% | 1h | 339.97 | +0.056% | $5K | $12K | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 340.35 | +0.168% | $192K | $44K | 30x | as long as short |
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
BloFin AAPL-USDT
QFEX AAPL-USD
Lighter AAPL
Vest AAPL-USD-PERP
Hotstuff AAPL-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
Phoenix AAPL
Injective AAPL/USDC PERP