Funding you earn now, next payment 04:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.08 per $10,000 · paid last 24h −0.006%
Price spread now: Lighter against Coinbase International−0.029%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$170.168% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.029%, 7d avg +0.019%
=Together, before fees+0.009%+ Points / potential airdropLighter: Season 3 · farm board+$1 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 is 0.048% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.019%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International AAPL-PERP-INTX | 339.12 | 0.0096 | pay 0.0012% / 1h | 7m 04s | $661K | $656K | 10x |
| Short | Lighter AAPL | 339.02 | 0.0032 | get 0.0004% / 1h | 7m 04s | $803K | $2.5M | 20x |
Coinbase International AAPL-PERP-INTX
Lighter AAPLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Coinbase International. 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
- −$13.44
- Price spread: −0.029% → +0.019%
- −$4.8
- Slippage, 4 orders
- −$6.85
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$35.09
- Costs to cover
- 0.168%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 46 min ago; Lighter: live order book, 5 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 Coinbase International live order book, 46 min ago | 2.07 bp | 8.4 bp −$8 | 10.9 bp −$109 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.47 bp | 0.5 bp $0 | 1.7 bp −$17 | 43.0 bp −$4,296 | 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 | −0.0405% | 4h | 339.17 | +0.014% | $81K | $327K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | −0.0104% | 1h | 339.04 | −0.024% | $28K | $67K | 10x | as long as short |
| Nado AAPL-PERP | −0.0096% | 1h | 339.19 | +0.021% | $555K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.25 | +0.039% | $121K | $292K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.17 | +0.015% | $278K | $1.4M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.26 | +0.042% | $22.0M | $67.1M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.21 | +0.027% | $5.8M | $71.4M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.26 | +0.041% | $6.3M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.98 | −0.041% | $3.0M | $4.5M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.28 | +0.047% | $6.2M | $3.5M | 100x | as long as short |
edgeX AAPLUSDC
Deribit AAPL_USDC-PERPETUAL
Nado AAPL-PERP
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 | 339.27 | +0.046% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.29 | +0.049% | $16K | $411K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.24 | +0.035% | $784 | $4.6M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.36 | +0.071% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.34 | +0.065% | $2.1M | $7K | 10x | as long as short |
| BloFin AAPL-USDT | +0.0027% | 8h | 339.26 | +0.041% | $340K | $168K | 20x | as long as short |
| QFEX AAPL-USD | +0.0030% | 1h | 339.14 | +0.006% | $3.2M | $4.4M | 10x | as long as short |
| Lighter AAPLshort | +0.0032% | 1h | 339.02 | −0.029% | $803K | $2.5M | 20x | |
| Lighter RH AAPL | +0.0032% | 1h | 339.04 | −0.024% | $939K | $3.6M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.07 | −0.015% | $266K | $61K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.07 | −0.015% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.06 | −0.018% | $40.5M | $76.1M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.12 | 0.000% | $278K | $408K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.13 | +0.003% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.91 | −0.062% | $1.3M | $2.5M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTXlong | +0.0096% | 1h | 339.12 | long leg | $661K | $656K | 10x | |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.26 | +0.041% | $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 | 339.12 | 0.000% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.15 | +0.008% | $11K | — | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0120% | 1h | 339.15 | +0.009% | $36K | — | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.05 | −0.021% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0236% | 1h | 339.26 | +0.041% | $5K | $11K | 20x | as long as short |
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
BloFin AAPL-USDT
QFEX AAPL-USD
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Hotstuff AAPL-PERP
Injective AAPL/USDC PERP
Phoenix AAPL