Funding you earn now, next payment 02:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.07 per $10,000 · paid last 24h +0.006%
Price spread now: Lighter RH against tradeXYZ+0.003%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$240.242% of the position
Funding, last 7 days+0.094%+$9 on $10k
+Price spread, last 7 days+0.050%+$5 · spread now +0.003%, 7d avg +0.063%
=Together, before fees+0.144%+ Points / potential airdroptradeXYZ: Active · Lighter RH: Points live · farm board+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter RH is 0.060% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.063%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.094%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:AAPL | 339.01 | 0.0087 | pay 0.0011% / 1h | 36m 24s | $40.8M | $75.8M | 20x |
| Short | Lighter RH AAPL | 339.02 | 0.0032 | get 0.0004% / 1h | 36m 24s | $954K | $3.5M | 20x |
tradeXYZ xyz:AAPL
Lighter RH AAPLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against tradeXYZ. 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
- −$11.48
- Price spread: +0.003% → +0.063%
- −$5.96
- Slippage, 4 orders
- −$6.19
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$41.63
- Costs to cover
- 0.242%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 13 min ago; Lighter RH: live order book, 2 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 tradeXYZ live order book, 13 min ago | 0.44 bp | 9.6 bp −$10 | 12.2 bp −$122 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 1.92 bp | 2.1 bp −$2 | 5.2 bp −$52 | 49.7 bp −$4,971 | 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 | −0.0506% | 4h | 338.97 | −0.013% | $81K | $326K | 20x | as long as short |
| Nado AAPL-PERP | −0.0068% | 1h | 339.00 | −0.003% | $555K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.00 | −0.004% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.09 | +0.024% | $6.0M | $39.2M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.11 | +0.029% | $6.4M | $6.7M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.86 | −0.044% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.11 | +0.029% | $6.2M | $3.5M | 100x | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.00 | −0.003% | $17K | $433K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.08 | +0.021% | $953 | $4.7M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.97 | −0.012% | $28K | $67K | 10x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUALShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX AAPL-USDT | 0.0000% | 8h | 339.19 | +0.053% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.02 | +0.003% | $2.1M | $6K | 10x | as long as short |
| QFEX AAPL-USD | +0.0028% | 1h | 339.05 | +0.012% | $3.2M | $4.9M | 10x | as long as short |
| Variational Omni AAPL | +0.0031% | 8h | 338.95 | −0.016% | $2.4M | $1.4M | — | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.96 | −0.014% | $744K | $2.3M | 20x | as long as short |
| Lighter RH AAPLshort | +0.0032% | 1h | 339.02 | +0.003% | $954K | $3.5M | 20x | |
| Arcus AAPL-USD | +0.0040% | 1h | 338.92 | −0.027% | $269K | $70K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.86 | −0.044% | — | $45K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.82 | −0.056% | $262K | $395K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.00 | −0.003% | $75K | $3K | 10x | as long as short |
| BloFin AAPL-USDT | +0.0050% | 8h | 338.91 | −0.029% | $347K | $169K | 20x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.83 | −0.053% | $1.4M | $2.5M | 20x | as long as short |
| Binance AAPLUSDT | +0.0061% | 8h | 339.09 | +0.022% | $22.2M | $66.8M | 25x | as long as short |
| Extended AAPL_24_5-USD | +0.0064% | 1h | 339.00 | −0.004% | $284K | $2.0M | 10x | as long as short |
| tradeXYZ xyz:AAPLlong | +0.0087% | 1h | 339.01 | long leg | $40.8M | $75.8M | 20x | |
| Hotstuff AAPL-PERP | +0.0096% | 1h | 338.98 | −0.009% | $36K | — | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.83 | −0.053% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.91 | −0.029% | $947K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.99 | −0.006% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.97 | −0.010% | $11K | — | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0136% | 1h | 338.51 | −0.147% | $655K | $665K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.71 | −0.088% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0236% | 1h | 339.18 | +0.050% | $5K | $11K | 20x | as long as short |
HTX AAPL-USDT
Phemex AAPLUSDT
QFEX AAPL-USD
Variational Omni AAPL
Lighter AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
BloFin AAPL-USDT
Ondo Perps AAPL-USD.P
Binance AAPLUSDT
Extended AAPL_24_5-USD
Hotstuff AAPL-PERP
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP
Phoenix AAPL