Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.002%
Price spread now: tradeXYZ against Lighter RH+0.012%7-day average −0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$240.240% of the position
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 7 days−0.084%−$8 · spread now +0.012%, 7d avg −0.060%
=Together, before fees−0.163%+ Points / potential airdropLighter RH: Points live · tradeXYZ: Active · farm board−$16 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 tradeXYZ is 0.072% dearer against Lighter RH than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.060%. Mind the row above: over the last 7 days funding on this pair cost −0.079%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH AAPL | 339.68 | 0.0032 | pay 0.0004% / 1h | 48m 07s | $949K | $3.5M | 20x |
| Short | tradeXYZ xyz:AAPL | 339.72 | 0.0050 | get 0.0006% / 1h | 48m 07s | $40.6M | $76.2M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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: +0.012% → −0.060%
- $7.23
- Slippage, 4 orders
- −$6.03
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$13.03
- Costs to cover
- 0.240%
- Break-even
- 31.1 days
Slippage from Lighter RH: live order book, 5 min ago; tradeXYZ: live order book, 11 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 | 1.33 bp | 1.8 bp −$2 | 6.3 bp −$63 | 45.6 bp −$4,561 | doesn't fit |
| Sell tradeXYZ live order book, 11 min ago | 0.15 bp | 10.5 bp −$11 | 11.9 bp −$119 | 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 | −0.0884% | 4h | 339.58 | −0.030% | $81K | $327K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | −0.0162% | 1h | 339.61 | −0.021% | $28K | $69K | 10x | as long as short |
| Nado AAPL-PERP | −0.0123% | 1h | 339.77 | +0.027% | $556K | $37K | 20x | as long as short |
| BloFin AAPL-USDT | −0.0023% | 8h | 339.75 | +0.021% | $343K | $168K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.75 | +0.020% | $121K | $292K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.67 | −0.003% | $289K | $2.0M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.76 | +0.024% | $22.1M | $67.5M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.68 | 0.000% | $6.2M | $131.2M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.74 | +0.018% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.54 | −0.041% | $3.0M | $5.3M | 100x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AAPLUSDT | 0.0000% | 8h | 339.75 | +0.021% | $6.2M | $3.6M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.64 | −0.010% | $2.4M | $1.2M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.63 | −0.015% | $16K | $402K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.75 | +0.021% | $513 | $4.5M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.81 | +0.038% | $62K | $245K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.76 | +0.024% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USD | +0.0027% | 1h | 339.67 | −0.003% | $3.2M | $4.2M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.71 | +0.008% | $941K | $2.7M | 20x | as long as short |
| Lighter RH AAPLlong | +0.0032% | 1h | 339.68 | long leg | $949K | $3.5M | 20x | |
| Arcus AAPL-USD | +0.0040% | 1h | 339.58 | −0.029% | $267K | $60K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.64 | −0.012% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPLshort | +0.0050% | 1h | 339.72 | +0.012% | $40.6M | $76.2M | 20x | |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.69 | +0.003% | $279K | $424K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.71 | +0.009% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.51 | −0.050% | $1.3M | $2.4M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0064% | 1h | 339.55 | −0.038% | $660K | $661K | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0096% | 1h | 339.67 | −0.003% | $36K | — | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.55 | −0.038% | $1.4M | $39K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.52 | −0.047% | $948K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.68 | 0.000% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.70 | +0.006% | $11K | $102 | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.45 | −0.068% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0259% | 1h | 339.75 | +0.021% | $5K | $12K | 20x | as long as short |
Lighter RH AAPL
tradeXYZ xyz:AAPL
edgeX AAPLUSDC
Deribit AAPL_USDC-PERPETUAL
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
HTX AAPL-USDT
Phemex AAPLUSDT
Lighter AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Coinbase International AAPL-PERP-INTX
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Injective AAPL/USDC PERP
Phoenix AAPL