Funding you earn now, next payment 21:00 UTC+0.0112%/8h= +12.3% APRnext payment +$0.14 per $10,000 · paid last 24h 0.000%
Price spread now: Coinbase International against Lighter RH+0.009%7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$220.216% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 3 days (all we have)−0.027%−$3 · spread now +0.009%, 7d avg −0.034%
=Together, before fees−0.057%+ Points / potential airdropLighter RH: Points live · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.043% dearer against Lighter RH than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.034%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH AAPL | 338.97 | 0.0032 | pay 0.0004% / 1h | 3m 39s | $973K | $3.9M | 20x |
| Short | Coinbase International AAPL-PERP-INTX | 339.00 | 0.0144 | get 0.0018% / 1h | 3m 39s | $661K | $675K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $23.52
- Price spread: +0.009% → −0.034%
- $4.3
- Slippage, 4 orders
- −$11.64
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $6.18
- Costs to cover
- 0.216%
- Break-even
- 5.2 days
Slippage from Lighter RH: live order book, 5 min ago; Coinbase International: live order book, 20 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, 5 min ago | 0.59 bp | 1.4 bp −$1 | 6.4 bp −$64 | 48.2 bp −$4,816 | doesn't fit |
| Sell Coinbase International live order book, 20 min ago | 2.21 bp | 8.9 bp −$9 | 13.1 bp −$131 | 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 | −0.0706% | 4h | 339.06 | +0.028% | $81K | $325K | 20x | as long as short |
| BloFin AAPL-USDT | −0.0016% | 8h | 339.05 | +0.024% | $353K | $165K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.08 | +0.033% | $122K | $291K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.00 | +0.010% | $284K | $1.5M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.04 | +0.021% | $22.3M | $67.3M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.07 | +0.030% | $6.2M | $24.9M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.00 | +0.009% | $6.6M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.84 | −0.038% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.05 | +0.024% | $6.2M | $3.3M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.06 | +0.025% | $2.5M | $1.4M | — | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.01 | +0.013% | $14K | $510K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.05 | +0.024% | $529 | $4.8M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.79 | −0.053% | $28K | $65K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.15 | +0.053% | $53K | $223K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.14 | +0.050% | $2.1M | $7K | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.92 | −0.014% | $761K | $2.5M | 20x | as long as short |
| Lighter RH AAPLlong | +0.0032% | 1h | 338.97 | long leg | $973K | $3.9M | 20x | |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.67 | −0.089% | — | $53K | 25x | as long as short |
| QFEX AAPL-USD | +0.0049% | 1h | 339.05 | +0.024% | $3.2M | $5.0M | 10x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.76 | −0.062% | $271K | $384K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.00 | +0.009% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.74 | −0.068% | $1.4M | $2.4M | 20x | as long as short |
| Nado AAPL-PERP | +0.0088% | 1h | 338.76 | −0.063% | $556K | $35K | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.77 | −0.059% | $1.4M | $28K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.70 | −0.080% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.95 | −0.006% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.01 | +0.011% | $11K | — | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0128% | 1h | 338.99 | +0.006% | $36K | — | 20x | as long as short |
| Coinbase International AAPL-PERP-INTXshort | +0.0144% | 1h | 339.00 | +0.009% | $661K | $675K | 10x | |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.41 | +0.130% | $191K | $44K | 30x | as long as short |
| tradeXYZ xyz:AAPL | +0.0222% | 1h | 338.99 | +0.006% | $40.9M | $77.1M | 20x | as long as short |
| Phoenix AAPL | +0.0283% | 1h | 339.13 | +0.047% | $2K | $12K | 20x | as long as short |
| Arcus AAPL-USD | +0.0310% | 1h | 338.97 | 0.000% | $270K | $69K | 20x | as long as short |
Lighter RH AAPL
Coinbase International AAPL-PERP-INTX
edgeX AAPLUSDC
BloFin AAPL-USDT
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
Lighter AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Injective AAPL/USDC PERP
tradeXYZ xyz:AAPL
Phoenix AAPL