Funding you earn now, next payment 05:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.030%
Price spread now: Phoenix against Lighter RH+0.050%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.050% dearer against Lighter RH than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH AAPL | 339.60 | 0.0032 | pay 0.0004% / 1h | 55m 17s | $945K | $3.6M | 20x |
| Short | Phoenix AAPL | 339.77 | 0.0212 | get 0.0027% / 1h | 55m 17s | $5K | $12K | 20x |
Lighter RH AAPL
Phoenix AAPLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $37.85
- Price spread: +0.050% → 0.000%
- $5.01
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $35.86
- Costs to cover
- 0.070%
- Break-even
- 0.4 days
Slippage unknown: Lighter RH: live order book, 3 min ago; Phoenix: no order-book sample. Net counts fees only.
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 | 2.21 bp | 2.4 bp −$2 | 5.2 bp −$52 | 45.2 bp −$4,521 | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0382% | 4h | 339.70 | +0.029% | $81K | $325K | 20x | as long as short |
| Nado AAPL-PERP | −0.0064% | 1h | 339.49 | −0.033% | $555K | $38K | 20x | as long as short |
| BloFin AAPL-USDT | 0.0000% | 8h | 339.61 | +0.003% | $340K | $168K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.54 | −0.018% | $121K | $293K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.56 | −0.011% | $288K | $1.8M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.65 | +0.015% | $22.1M | $67.7M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.65 | +0.015% | $7.0M | $102.0M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.69 | +0.027% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.39 | −0.062% | $3.0M | $4.9M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.71 | +0.032% | $6.2M | $3.5M | 100x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
BloFin AAPL-USDT
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AAPL | 0.0000% | 8h | 339.65 | +0.016% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.66 | +0.018% | $16K | $402K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.60 | 0.000% | $839 | $4.6M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.56 | −0.012% | $28K | $68K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.78 | +0.053% | $62K | $245K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.74 | +0.041% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USD | +0.0023% | 1h | 339.62 | +0.006% | $3.2M | $4.3M | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0024% | 1h | 339.55 | −0.015% | $660K | $657K | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.57 | −0.007% | $908K | $2.6M | 20x | as long as short |
| Lighter RH AAPLlong | +0.0032% | 1h | 339.60 | long leg | $945K | $3.6M | 20x | |
| Arcus AAPL-USD | +0.0040% | 1h | 339.55 | −0.015% | $267K | $60K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.44 | −0.047% | — | $45K | 25x | as long as short |
| Hotstuff AAPL-PERP | +0.0048% | 1h | 339.67 | +0.021% | $36K | — | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.56 | −0.012% | $280K | $416K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.54 | −0.018% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.44 | −0.047% | $1.3M | $2.4M | 20x | as long as short |
| tradeXYZ xyz:AAPL | +0.0066% | 1h | 339.59 | −0.003% | $40.6M | $76.6M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.35 | −0.074% | $1.4M | $39K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.47 | −0.038% | $948K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.54 | −0.018% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.52 | −0.025% | $11K | $102 | 10x | as long as short |
| Phoenix AAPLshort | +0.0212% | 1h | 339.77 | +0.050% | $5K | $12K | 20x | |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.39 | −0.062% | $191K | $44K | 30x | as long as short |
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
QFEX AAPL-USD
Coinbase International AAPL-PERP-INTX
Lighter AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
Hotstuff AAPL-PERP
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
tradeXYZ xyz:AAPL
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Injective AAPL/USDC PERP