Funding you earn now, next payment 01:00 UTC−0.0204%/8h= −22.4% APRnext payment −$0.26 per $10,000 · paid last 24h −0.019%
Price spread now: Lighter RH against Phoenix−0.032%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$6 a day on $10k at the current rate, and Lighter RH is 0.032% cheaper against Phoenix than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix AAPL | 338.95 | 0.0236 | pay 0.0030% / 1h | 43m 16s | $5K | $11K | 20x |
| Short | Lighter RH AAPL | 338.84 | 0.0032 | get 0.0004% / 1h | 43m 16s | $953K | $3.5M | 20x |
Phoenix AAPL
Lighter RH AAPLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Phoenix. 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
- −$42.87
- Price spread: −0.032% → 0.000%
- −$3.25
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$53.11
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Lighter RH: live order book, 5 min ago. 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 5 min ago | 0.59 bp | 1.6 bp −$2 | 5.1 bp −$51 | 61.9 bp −$6,191 | doesn't fit |
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 | −0.0775% | 4h | 338.85 | −0.029% | $81K | $327K | 20x | as long as short |
| Nado AAPL-PERP | −0.0069% | 1h | 338.77 | −0.052% | $554K | $38K | 20x | as long as short |
| Hotstuff AAPL-PERP | −0.0008% | 1h | 338.88 | −0.021% | $36K | — | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.92 | −0.008% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 338.96 | +0.003% | $6.0M | $39.3M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 338.94 | −0.003% | $6.4M | $6.6M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.75 | −0.059% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 338.99 | +0.012% | $6.2M | $3.4M | 100x | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 338.87 | −0.023% | $17K | $433K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 338.94 | −0.003% | $780 | $4.7M | 20x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Hotstuff AAPL-PERP
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
GRVT AAPL_USDT_Perp
SunX AAPL-USDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.80 | −0.044% | $28K | $67K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.07 | +0.035% | $52K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 338.95 | 0.000% | $2.1M | $6K | 10x | as long as short |
| QFEX AAPL-USD | +0.0028% | 1h | 338.90 | −0.015% | $3.2M | $4.9M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.80 | −0.045% | $744K | $2.3M | 20x | as long as short |
| Lighter RH AAPLshort | +0.0032% | 1h | 338.84 | −0.032% | $953K | $3.5M | 20x | |
| Variational Omni AAPL | +0.0034% | 8h | 338.90 | −0.013% | $2.4M | $1.4M | — | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 338.82 | −0.038% | $269K | $70K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.68 | −0.080% | — | $45K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.65 | −0.089% | $261K | $395K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.89 | −0.018% | $75K | $3K | 10x | as long as short |
| BloFin AAPL-USDT | +0.0050% | 8h | 338.91 | −0.012% | $347K | $169K | 20x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.71 | −0.071% | $1.4M | $2.4M | 20x | as long as short |
| Extended AAPL_24_5-USD | +0.0064% | 1h | 338.86 | −0.028% | $284K | $2.0M | 10x | as long as short |
| Binance AAPLUSDT | +0.0064% | 8h | 338.94 | −0.003% | $22.2M | $66.8M | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0091% | 1h | 338.88 | −0.021% | $40.8M | $75.8M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.67 | −0.083% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.67 | −0.083% | $946K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.84 | −0.032% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.86 | −0.028% | $11K | — | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0136% | 1h | 338.51 | −0.130% | $655K | $665K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.65 | −0.089% | $191K | $44K | 30x | as long as short |
| Phoenix AAPLlong | +0.0236% | 1h | 338.95 | long leg | $5K | $11K | 20x |
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
QFEX AAPL-USD
Lighter AAPL
Variational Omni AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
BloFin AAPL-USDT
Ondo Perps AAPL-USD.P
Extended AAPL_24_5-USD
Binance AAPLUSDT
tradeXYZ xyz:AAPL
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP