Funding you earn now, next payment 03:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.02 per $10,000 · paid last 24h −0.002%
Price spread now: QFEX against Lighter RH+0.006%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$160.162% of the position
Funding, last 4 days (all we have)−0.022%−$2 on $10k
+Price spread, last 7 days−0.001%$0 · spread now +0.006%, 7d avg −0.001%
=Together, before fees−0.023%+ Points / potential airdropLighter RH: Points live · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: −$1 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 | 339.11 | 0.0032 | pay 0.0004% / 1h | 55m 30s | $950K | $3.5M | 20x |
| Short | QFEX AAPL-USD | 339.13 | 0.0013 | get 0.0002% / 1h | 55m 30s | $3.2M | $4.9M | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$3.95
- Price spread: +0.006% → −0.001%
- $0.69
- Slippage, 4 orders
- −$6.22
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$19.49
- Costs to cover
- 0.162%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 3 min ago; QFEX: live order book, 8 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 | 0.74 bp | 2.0 bp −$2 | 6.8 bp −$68 | 47.5 bp −$4,746 | doesn't fit |
| Sell QFEX live order book, 8 min ago | 1.47 bp | 6.5 bp −$6 | 8.1 bp −$81 | 12.6 bp −$1,257 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX AAPLUSDC | −0.0397% | 4h | 339.14 | +0.009% | $81K | $326K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | −0.0104% | 1h | 338.93 | −0.053% | $28K | $67K | 10x | as long as short |
| Nado AAPL-PERP | −0.0083% | 1h | 339.09 | −0.007% | $555K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.12 | +0.003% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.11 | 0.000% | $6.0M | $39.1M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.19 | +0.024% | $6.3M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.94 | −0.050% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.22 | +0.032% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.21 | +0.031% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.21 | +0.028% | $17K | $433K | 10x | as long as short |
Show all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX AAPL-USDT | 0.0000% | 8h | 339.18 | +0.021% | $553 | $4.7M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.34 | +0.068% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.30 | +0.056% | $2.1M | $6K | 10x | as long as short |
| Binance AAPLUSDT | +0.0011% | 8h | 339.15 | +0.012% | $22.3M | $67.0M | 25x | as long as short |
| QFEX AAPL-USDshort | +0.0013% | 1h | 339.13 | +0.006% | $3.2M | $4.9M | 10x | |
| Extended AAPL_24_5-USD | +0.0016% | 1h | 339.08 | −0.010% | $288K | $2.0M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.06 | −0.016% | $756K | $2.4M | 20x | as long as short |
| Lighter RH AAPLlong | +0.0032% | 1h | 339.11 | long leg | $950K | $3.5M | 20x | |
| Arcus AAPL-USD | +0.0040% | 1h | 339.08 | −0.009% | $270K | $70K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.00 | −0.032% | — | $45K | 25x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0048% | 1h | 338.98 | −0.038% | $656K | $671K | 10x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.05 | −0.018% | $40.7M | $75.8M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.90 | −0.062% | $262K | $396K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.11 | 0.000% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.93 | −0.053% | $1.3M | $2.5M | 20x | as long as short |
| Hotstuff AAPL-PERP | +0.0080% | 1h | 339.10 | −0.003% | $36K | — | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.14 | +0.009% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.08 | −0.009% | $947K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.04 | −0.021% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.09 | −0.005% | $11K | — | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.02 | −0.027% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0236% | 1h | 339.29 | +0.053% | $5K | $11K | 20x | as long as short |
Lighter RH AAPL
edgeX AAPLUSDC
Deribit AAPL_USDC-PERPETUAL
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
Binance AAPLUSDT
Extended AAPL_24_5-USD
Lighter AAPL
Coinbase International AAPL-PERP-INTX
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Injective AAPL/USDC PERP
Phoenix AAPL