Funding you earn now, next payment 20:00 UTC−0.0032%/8hpaid last 24h −0.013%
Price spread now: Binance against Lighter−0.045%7-day average +0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$120.116% of the position
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 1 day (all we have)+0.121%+$12 · spread now −0.045%, 7d avg +0.049%
=Together, before fees+0.052%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.095% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.049%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AAPL | 339.53 | 0.0032 | pay 0.0004% / 1h | 4m 25s | $707K | $2.4M | 20x |
| Short | Binance AAPLUSDT | 339.38 | 0 | get 0.0000% / 8h | 4h 04m | $22.3M | $65.3M | 25x |
Lighter AAPL
Binance AAPLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$6.72
- Price spread: −0.045% → +0.049%
- −$9.45
- Slippage, 4 orders
- −$1.56
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$27.73
- Costs to cover
- 0.116%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 2 min ago; Binance: live order book, 12 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 | 0.44 bp | 0.7 bp −$1 | 2.4 bp −$24 | 27.5 bp −$2,751 | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.15 bp | 5.3 bp −$5 | 6.6 bp −$66 | 25.1 bp −$2,507 | 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 | −0.0615% | 4h | 339.63 | +0.028% | $81K | $325K | 20x | as long as short |
| KuCoin AAPLUSDTM | −0.0003% | 8h | 339.34 | −0.057% | $1.4M | $28K | 20x | as long as short |
| BloFin AAPL-USDT | −0.0002% | 8h | 339.46 | −0.022% | $360K | $161K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.41 | −0.038% | $128K | $287K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.51 | −0.007% | $284K | $1.5M | 10x | as long as short |
| Binance AAPLUSDTshort | 0.0000% | 8h | 339.38 | −0.045% | $22.3M | $65.3M | 25x | |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.45 | −0.025% | $6.6M | $24.5M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.36 | −0.051% | $6.6M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.23 | −0.090% | $3.1M | $4.0M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.52 | −0.004% | $6.3M | $3.2M | 100x | as long as short |
edgeX AAPLUSDC
KuCoin AAPLUSDTM
BloFin AAPL-USDT
Aster AAPLUSDT
Extended AAPL_24_5-USD
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 | 339.52 | −0.003% | $2.1M | $1.0M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.62 | +0.025% | $20K | $535K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.30 | −0.069% | $645 | $4.8M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.19 | −0.101% | $28K | $64K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.49 | −0.013% | $52K | $224K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.66 | +0.037% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USD | +0.0010% | 1h | 339.51 | −0.007% | $3.2M | $4.7M | 10x | as long as short |
| Lighter AAPLlong | +0.0032% | 1h | 339.53 | long leg | $707K | $2.4M | 20x | |
| Lighter RH AAPL | +0.0032% | 1h | 339.53 | −0.001% | $950K | $4.0M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.46 | −0.022% | $270K | $81K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.23 | −0.090% | — | $9K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.28 | −0.075% | $269K | $343K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.35 | −0.054% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.39 | −0.042% | $1.2M | $2.1M | 20x | as long as short |
| tradeXYZ xyz:AAPL | +0.0055% | 1h | 339.34 | −0.057% | $41.3M | $75.9M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0064% | 1h | 339.52 | −0.004% | $673K | $630K | 10x | as long as short |
| Nado AAPL-PERP | +0.0077% | 1h | 339.21 | −0.095% | $557K | $37K | 20x | as long as short |
| Phoenix AAPL | +0.0094% | 1h | 339.71 | +0.052% | $2K | $12K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.38 | −0.045% | $948K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.28 | −0.075% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.18 | −0.103% | $11K | — | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.29 | −0.072% | $191K | $44K | 30x | as long as short |
| Hotstuff AAPL-PERP | +0.0224% | 1h | 339.44 | −0.028% | $36K | — | 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
Arcus AAPL-USD
Vest AAPL-USD-PERP
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
tradeXYZ xyz:AAPL
Coinbase International AAPL-PERP-INTX
Nado AAPL-PERP
Phoenix AAPL
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Injective AAPL/USDC PERP
Hotstuff AAPL-PERP