Funding you earn now, next payment 02:00 UTC−0.0017%/8h= −1.8% APRpaid last 24h +0.003%
Price spread now: Binance against Lighter RH+0.013%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$140.135% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 2 days (all we have)+0.051%+$5 · spread now +0.013%, 7d avg +0.037%
=Together, before fees−0.004%+ Points / potential airdropLighter RH: Points live · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.024% cheaper against Lighter RH than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.037%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH AAPL | 338.95 | 0.0032 | pay 0.0004% / 1h | 0m 13s | $949K | $3.5M | 20x |
| Short | Binance AAPLUSDT | 338.99 | 0.0015 | get 0.0015% / 8h | 6h 00m | $22.2M | $67.0M | 25x |
Lighter RH AAPL
Binance AAPLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$3.5
- Price spread: +0.013% → +0.037%
- −$2.4
- Slippage, 4 orders
- −$3.54
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$19.43
- Costs to cover
- 0.135%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 3 min ago; Binance: live order book, 12 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 | 0.59 bp | 2.1 bp −$2 | 6.6 bp −$66 | 45.9 bp −$4,585 | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.15 bp | 5.1 bp −$5 | 6.2 bp −$62 | 28.0 bp −$2,800 | doesn't fit |
AAPL on 32 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado AAPL-PERP | −0.0091% | 1h | 339.18 | +0.067% | $555K | $38K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | −0.0075% | 1h | 338.77 | −0.053% | $28K | $67K | 10x | as long as short |
| edgeX AAPLUSDC | −0.0022% | 4h | 339.15 | +0.060% | $81K | $327K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.19 | +0.072% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.06 | +0.032% | $6.0M | $39.1M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.09 | +0.041% | $6.3M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.90 | −0.015% | $3.0M | $4.3M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.19 | +0.071% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.24 | +0.084% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.21 | +0.076% | $17K | $433K | 10x | as long as short |
Nado AAPL-PERP
Deribit AAPL_USDC-PERPETUAL
edgeX AAPLUSDC
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_PerpShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX AAPL-USDT | 0.0000% | 8h | 339.20 | +0.074% | $553 | $4.7M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.34 | +0.115% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.30 | +0.103% | $2.1M | $6K | 10x | as long as short |
| Binance AAPLUSDTshort | +0.0015% | 8h | 338.99 | +0.013% | $22.2M | $67.0M | 25x | |
| Extended AAPL_24_5-USD | +0.0016% | 1h | 338.96 | +0.002% | $288K | $2.0M | 10x | as long as short |
| QFEX AAPL-USD | +0.0028% | 1h | 339.16 | +0.062% | $3.2M | $4.9M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.89 | −0.018% | $749K | $2.4M | 20x | as long as short |
| Lighter RH AAPLlong | +0.0032% | 1h | 338.95 | long leg | $949K | $3.5M | 20x | |
| Arcus AAPL-USD | +0.0040% | 1h | 339.11 | +0.047% | $270K | $70K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.11 | +0.047% | — | $45K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.93 | −0.006% | $262K | $396K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.07 | +0.035% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.92 | −0.009% | $1.4M | $2.4M | 20x | as long as short |
| tradeXYZ xyz:AAPL | +0.0051% | 1h | 339.16 | +0.062% | $40.8M | $75.8M | 20x | as long as short |
| Hotstuff AAPL-PERP | +0.0096% | 1h | 339.18 | +0.068% | $36K | — | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.01 | +0.018% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.07 | +0.035% | $947K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.00 | +0.015% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.94 | −0.002% | $11K | — | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0136% | 1h | 338.98 | +0.009% | $656K | $666K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.02 | +0.021% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0236% | 1h | 339.33 | +0.112% | $5K | $11K | 20x | as long as short |
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
Extended AAPL_24_5-USD
QFEX AAPL-USD
Lighter AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
tradeXYZ xyz:AAPL
Hotstuff AAPL-PERP
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP
Phoenix AAPL