Funding you earn now, next payment 08:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.021%
Price spread now: Arcus against Lighter−0.043%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$200.202% of the position
Funding, last 4 days (all we have)+0.046%+$5 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.043%, 7d avg −0.010%
=Together, before fees+0.022%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.033% cheaper against Lighter than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AAPL | 339.69 | 0.0032 | pay 0.0004% / 1h | 49m 58s | $941K | $2.7M | 20x |
| Short | Arcus AAPL-USD | 339.54 | 0.0040 | get 0.0005% / 1h | 49m 58s | $267K | $60K | 20x |
Lighter AAPL
Arcus AAPL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Lighter. 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: −0.043% → −0.010%
- −$3.33
- Slippage, 4 orders
- −$15.75
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$21.84
- Costs to cover
- 0.202%
- Break-even
- 94.9 days
Slippage from Lighter: live order book, 2 min ago; Arcus: live order book, 53 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 live order book, 2 min ago | 0.06 bp | 0.9 bp −$1 | 2.5 bp −$25 | 26.0 bp −$2,602 | doesn't fit |
| Sell Arcus live order book, 53 min ago | 2.65 bp | 9.8 bp −$10 | 12.7 bp −$127 | 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 | −0.0507% | 4h | 339.61 | −0.022% | $81K | $327K | 20x | as long as short |
| Nado AAPL-PERP | −0.0111% | 1h | 339.68 | −0.003% | $556K | $37K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.71 | +0.008% | $121K | $292K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.65 | −0.011% | $292K | $2.0M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.74 | +0.016% | $22.1M | $67.5M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.72 | +0.010% | $6.2M | $131.0M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.68 | −0.002% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.47 | −0.064% | $3.0M | $5.3M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.73 | +0.013% | $6.2M | $3.6M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.64 | −0.012% | $2.4M | $1.2M | — | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPLShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.64 | −0.014% | $16K | $402K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.74 | +0.016% | $564 | $4.5M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.59 | −0.029% | $28K | $69K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.79 | +0.030% | $62K | $245K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.78 | +0.027% | $2.1M | $7K | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0024% | 1h | 339.58 | −0.031% | $36K | — | 20x | as long as short |
| QFEX AAPL-USD | +0.0027% | 1h | 339.66 | −0.008% | $3.3M | $4.2M | 10x | as long as short |
| BloFin AAPL-USDT | +0.0027% | 8h | 339.67 | −0.005% | $343K | $168K | 20x | as long as short |
| Lighter AAPLlong | +0.0032% | 1h | 339.69 | long leg | $941K | $2.7M | 20x | |
| Lighter RH AAPL | +0.0032% | 1h | 339.66 | −0.008% | $949K | $3.5M | 20x | as long as short |
| Arcus AAPL-USDshort | +0.0040% | 1h | 339.54 | −0.043% | $267K | $60K | 20x | |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.54 | −0.043% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.66 | −0.008% | $40.6M | $76.2M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.65 | −0.011% | $279K | $424K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.64 | −0.014% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.37 | −0.093% | $1.3M | $2.4M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0064% | 1h | 339.55 | −0.040% | $660K | $661K | 10x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.56 | −0.037% | $1.4M | $39K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.50 | −0.055% | $948K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.64 | −0.014% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.63 | −0.017% | $11K | $102 | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.45 | −0.070% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0259% | 1h | 339.69 | +0.001% | $5K | $12K | 20x | as long as short |
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
Hotstuff AAPL-PERP
QFEX AAPL-USD
BloFin AAPL-USDT
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
Aevo AAPL-PERP
Injective AAPL/USDC PERP
Phoenix AAPL