Funding you earn now, next payment 08:00 UTC−0.0005%/8h= −0.5% APRnext payment −$0.01 per $10,000 · paid last 24h −0.003%
Price spread now: QFEX against Lighter−0.006%7-day average +0.023% · 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−$17as in the Price arb table
costs, in and out, $10k−$140.138% of the position
Funding, last 4 days (all we have)−0.026%−$3 on $10k
+Price spread, last 7 days+0.041%+$4 · spread now −0.006%, 7d avg +0.023%
=Together, before fees+0.015%+ 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: QFEX is 0.028% 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 +0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AAPL | 339.77 | 0.0032 | pay 0.0004% / 1h | 10m 11s | $942K | $2.7M | 20x |
| Short | QFEX AAPL-USD | 339.75 | 0.0027 | get 0.0003% / 1h | 10m 11s | $3.2M | $4.2M | 10x |
Lighter AAPL
QFEX AAPL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$1.02
- Price spread: −0.006% → +0.023%
- −$2.83
- Slippage, 4 orders
- −$3.84
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$17.69
- Costs to cover
- 0.138%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 12 min ago; QFEX: live order book, 3 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, 12 min ago | 0.51 bp | 0.5 bp −$1 | 1.2 bp −$12 | 27.2 bp −$2,723 | doesn't fit |
| Sell QFEX live order book, 3 min ago | 1.32 bp | 6.3 bp −$6 | 8.2 bp −$82 | 13.3 bp −$1,327 | 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 | −0.0968% | 4h | 339.81 | +0.011% | $81K | $328K | 20x | as long as short |
| Nado AAPL-PERP | −0.0146% | 1h | 339.75 | −0.005% | $556K | $37K | 20x | as long as short |
| BloFin AAPL-USDT | −0.0002% | 8h | 339.82 | +0.015% | $344K | $167K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.76 | −0.001% | $121K | $293K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.74 | −0.010% | $286K | $2.1M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.82 | +0.015% | $22.1M | $67.3M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.79 | +0.006% | $6.2M | $161.0M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.77 | 0.000% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.62 | −0.044% | $3.0M | $5.6M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.82 | +0.015% | $6.2M | $3.6M | 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 | 339.77 | +0.002% | $2.5M | $1.2M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.82 | +0.016% | $13K | $357K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.81 | +0.012% | $605 | $4.5M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.69 | −0.023% | $28K | $69K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.96 | +0.056% | $62K | $245K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.79 | +0.006% | $2.1M | $7K | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0024% | 1h | 339.74 | −0.009% | $36K | — | 20x | as long as short |
| QFEX AAPL-USDshort | +0.0027% | 1h | 339.75 | −0.006% | $3.2M | $4.2M | 10x | |
| Lighter AAPLlong | +0.0032% | 1h | 339.77 | long leg | $942K | $2.7M | 20x | |
| Lighter RH AAPL | +0.0032% | 1h | 339.76 | −0.003% | $949K | $3.5M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.69 | −0.023% | $267K | $60K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.66 | −0.032% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.78 | +0.003% | $40.6M | $76.2M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.72 | −0.014% | $279K | $423K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.74 | −0.009% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.57 | −0.059% | $1.3M | $2.3M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0064% | 1h | 339.55 | −0.064% | $660K | $660K | 10x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.64 | −0.038% | $1.4M | $55K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.73 | −0.011% | $949K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.69 | −0.023% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.72 | −0.016% | $11K | $102 | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.61 | −0.047% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0259% | 1h | 339.84 | +0.021% | $5K | $12K | 20x | as long as short |
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
Hotstuff AAPL-PERP
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
Coinbase International AAPL-PERP-INTX
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Injective AAPL/USDC PERP
Phoenix AAPL