Funding you earn now, next payment 05:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.021%
Price spread now: Lighter against Arcus+0.029%7-day average +0.010% · 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−$18as in the Price arb table
costs, in and out, $10k−$200.204% of the position
Funding, last 4 days (all we have)−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)+0.065%+$6 · spread now +0.029%, 7d avg +0.010%
=Together, before fees+0.019%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus AAPL-USD | 339.12 | 0.0040 | pay 0.0005% / 1h | 15m 27s | $266K | $61K | 20x |
| Short | Lighter AAPL | 339.22 | 0.0032 | get 0.0004% / 1h | 15m 27s | $781K | $2.4M | 20x |
Arcus AAPL-USD
Lighter AAPLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Arcus. 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
- −$1.74
- Price spread: +0.029% → +0.010%
- $1.99
- Slippage, 4 orders
- −$15.86
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$20.11
- Costs to cover
- 0.204%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 38 min ago; Lighter: live order book, 1 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 Arcus live order book, 38 min ago | 3.10 bp | 9.4 bp −$9 | 14.6 bp −$146 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 1 min ago | 0.32 bp | 1.2 bp −$1 | 2.9 bp −$29 | 47.2 bp −$4,720 | 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 | −0.0515% | 4h | 339.26 | +0.043% | $81K | $328K | 20x | as long as short |
| Nado AAPL-PERP | −0.0084% | 1h | 339.31 | +0.057% | $555K | $38K | 20x | as long as short |
| BloFin AAPL-USDT | −0.0017% | 8h | 339.38 | +0.077% | $341K | $168K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.28 | +0.047% | $121K | $292K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.19 | +0.022% | $287K | $1.5M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.30 | +0.052% | $21.9M | $67.0M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.27 | +0.044% | $5.8M | $70.6M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.32 | +0.059% | $6.3M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.03 | −0.027% | $3.0M | $4.5M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.36 | +0.071% | $6.2M | $3.5M | 100x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
BloFin AAPL-USDT
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 | 339.31 | +0.058% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.29 | +0.050% | $16K | $411K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.30 | +0.053% | $709 | $4.6M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.24 | +0.035% | $28K | $67K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.44 | +0.094% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.35 | +0.068% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USD | +0.0030% | 1h | 339.23 | +0.032% | $3.2M | $4.5M | 10x | as long as short |
| Lighter AAPLshort | +0.0032% | 1h | 339.22 | +0.029% | $781K | $2.4M | 20x | |
| Lighter RH AAPL | +0.0032% | 1h | 339.22 | +0.029% | $939K | $3.6M | 20x | as long as short |
| Arcus AAPL-USDlong | +0.0040% | 1h | 339.12 | long leg | $266K | $61K | 20x | |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.13 | +0.003% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.19 | +0.021% | $40.5M | $76.1M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.19 | +0.021% | $278K | $408K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.22 | +0.029% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.08 | −0.012% | $1.3M | $2.5M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0096% | 1h | 338.78 | −0.100% | $661K | $656K | 10x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.28 | +0.047% | $1.4M | $38K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.20 | +0.024% | $947K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.20 | +0.024% | $4K | — | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0104% | 1h | 339.16 | +0.012% | $36K | — | 20x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.21 | +0.026% | $11K | — | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.02 | −0.029% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0236% | 1h | 339.31 | +0.056% | $5K | $11K | 20x | as long as short |
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
QFEX AAPL-USD
Lighter RH AAPL
Vest AAPL-USD-PERP
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
Coinbase International AAPL-PERP-INTX
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Hotstuff AAPL-PERP
Aevo AAPL-PERP
Injective AAPL/USDC PERP
Phoenix AAPL