Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.005%
Price spread now: Polymarket Perps against Lighter RH−0.024%46s7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$140.135% of the position
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.024%, 7d avg −0.050%
=Together, before fees+0.089%+ Points / potential airdropLighter RH: Points live · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.026% dearer against Lighter RH than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.050%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| 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 | 19m 40s | $949K | $3.5M | 20x |
| Short | Polymarket Perps AAPL-USD | 339.70 | 0.0050 | get 0.0006% / 1h | 19m 40s | $279K | $424K | 10x |
Lighter RH AAPL
Polymarket Perps AAPL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $3.78
- Price spread: −0.024% → −0.050%
- $2.61
- Slippage, 4 orders
- −$5.53
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$7.14
- Costs to cover
- 0.135%
- Break-even
- 20.2 days
Slippage from Lighter RH: live order book, 4 min ago; Polymarket Perps: live order book, 18 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, 4 min ago | 1.47 bp | 2.0 bp −$2 | 5.0 bp −$50 | 43.6 bp −$4,357 | doesn't fit |
| Sell Polymarket Perps live order book, 18 min ago | 0.74 bp | 4.7 bp −$5 | 6.4 bp −$64 | 8.4 bp −$843 | 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 | −0.0422% | 4h | 339.75 | −0.008% | $81K | $327K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | −0.0398% | 1h | 339.55 | −0.068% | $28K | $69K | 10x | as long as short |
| Nado AAPL-PERP | −0.0151% | 1h | 339.80 | +0.004% | $556K | $36K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.85 | +0.020% | $121K | $293K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.76 | −0.006% | $289K | $2.1M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.85 | +0.020% | $22.1M | $67.4M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.83 | +0.015% | $6.0M | $154.9M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.80 | +0.006% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.65 | −0.038% | $3.0M | $5.5M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.88 | +0.029% | $6.2M | $3.6M | 100x | as long as short |
edgeX AAPLUSDC
Deribit AAPL_USDC-PERPETUAL
Nado AAPL-PERP
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 | 339.81 | +0.010% | $2.5M | $1.2M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.83 | +0.014% | $13K | $357K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.80 | +0.006% | $703 | $4.5M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.91 | +0.038% | $62K | $245K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.86 | +0.024% | $2.1M | $7K | 10x | as long as short |
| BloFin AAPL-USDT | +0.0026% | 8h | 339.81 | +0.009% | $345K | $167K | 20x | as long as short |
| QFEX AAPL-USD | +0.0027% | 1h | 339.77 | −0.003% | $3.2M | $4.2M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.80 | +0.004% | $942K | $2.7M | 20x | as long as short |
| Lighter RH AAPLlong | +0.0032% | 1h | 339.78 | long leg | $949K | $3.5M | 20x | |
| Arcus AAPL-USD | +0.0040% | 1h | 339.67 | −0.032% | $267K | $60K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.74 | −0.012% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.77 | −0.003% | $40.6M | $76.2M | 20x | as long as short |
| Polymarket Perps AAPL-USDshort | +0.0050% | 1h | 339.70 | −0.024% | $279K | $424K | 10x | |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.75 | −0.009% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.62 | −0.047% | $1.3M | $2.3M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0064% | 1h | 339.55 | −0.068% | $660K | $661K | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0096% | 1h | 339.74 | −0.012% | $36K | — | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.54 | −0.071% | $1.4M | $47K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.72 | −0.018% | $949K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.65 | −0.038% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.71 | −0.022% | $11K | $102 | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.62 | −0.047% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0259% | 1h | 339.79 | +0.003% | $5K | $12K | 20x | as long as short |
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
BloFin AAPL-USDT
QFEX AAPL-USD
Lighter AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
tradeXYZ xyz:AAPL
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
Coinbase International AAPL-PERP-INTX
Hotstuff AAPL-PERP
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Injective AAPL/USDC PERP
Phoenix AAPL