Funding you earn now, next payment 01:00 UTC+0.0027%/8h= +2.9% APRnext payment +$0.03 per $10,000 · paid last 24h −0.003%
Price spread now: QFEX against Lighter RH−0.006%7-day average −0.001% · 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−$170.166% of the position
Funding, last 3 days (all we have)−0.022%−$2 on $10k
+Price spread, last 7 days+0.010%+$1 · spread now −0.006%, 7d avg −0.001%
=Together, before fees−0.012%+ Points / potential airdropLighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH AAPL | 338.69 | 0.0032 | pay 0.0004% / 1h | 22m 37s | $956K | $3.6M | 20x |
| Short | QFEX AAPL-USD | 338.67 | 0.0059 | get 0.0007% / 1h | 22m 37s | $3.2M | $5.0M | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Lighter RH. 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
- $5.64
- Price spread: −0.006% → −0.001%
- −$0.49
- Slippage, 4 orders
- −$6.55
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$11.39
- Costs to cover
- 0.166%
- Break-even
- 21.1 days
Slippage from Lighter RH: live order book, 6 min ago; QFEX: live order book, 6 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 RH live order book, 6 min ago | 1.62 bp | 1.7 bp −$2 | 5.8 bp −$58 | 46.4 bp −$4,640 | doesn't fit |
| Sell QFEX live order book, 6 min ago | 1.33 bp | 6.3 bp −$6 | 7.2 bp −$72 | 12.1 bp −$1,210 | 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 | −0.0622% | 4h | 338.78 | +0.026% | $81K | $325K | 20x | as long as short |
| Nado AAPL-PERP | −0.0017% | 1h | 338.54 | −0.044% | $554K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.78 | +0.026% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 338.74 | +0.015% | $6.0M | $39.3M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 338.74 | +0.015% | $6.4M | $6.6M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.52 | −0.050% | $3.0M | $4.2M | 100x | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 338.87 | +0.055% | $17K | $489K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 338.71 | +0.006% | $491 | $4.7M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 338.82 | +0.038% | $52K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 338.76 | +0.021% | $2.1M | $6K | 10x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff AAPL-PERP | +0.0024% | 1h | 338.65 | −0.012% | $36K | — | 20x | as long as short |
| Bitget AAPLUSDT | +0.0029% | 8h | 338.74 | +0.015% | $6.2M | $3.4M | 100x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.63 | −0.016% | $770K | $2.3M | 20x | as long as short |
| Lighter RH AAPLlong | +0.0032% | 1h | 338.69 | long leg | $956K | $3.6M | 20x | |
| Deribit AAPL_USDC-PERPETUAL | +0.0045% | 1h | 338.63 | −0.018% | $28K | $66K | 10x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.40 | −0.086% | — | $47K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 338.66 | −0.009% | $40.8M | $75.8M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.49 | −0.059% | $263K | $396K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.62 | −0.021% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.51 | −0.053% | $1.4M | $2.4M | 20x | as long as short |
| QFEX AAPL-USDshort | +0.0059% | 1h | 338.67 | −0.006% | $3.2M | $5.0M | 10x | |
| Variational Omni AAPL | +0.0083% | 8h | 338.82 | +0.040% | $2.4M | $1.4M | — | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.61 | −0.024% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.63 | −0.018% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.66 | −0.009% | $4K | — | 10x | as long as short |
| Extended AAPL_24_5-USD | +0.0104% | 1h | 338.69 | +0.001% | $286K | $2.2M | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.65 | −0.012% | $10K | — | 10x | as long as short |
| Binance AAPLUSDT | +0.0106% | 8h | 338.74 | +0.015% | $22.2M | $66.7M | 25x | as long as short |
| BloFin AAPL-USDT | +0.0126% | 8h | 338.83 | +0.041% | $347K | $169K | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0184% | 1h | 338.61 | −0.024% | $655K | $667K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.58 | −0.032% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0330% | 1h | 338.90 | +0.062% | $5K | $11K | 20x | as long as short |
| Arcus AAPL-USD | +0.0406% | 1h | 338.69 | 0.000% | $269K | $70K | 20x | as long as short |
Lighter RH AAPL
edgeX AAPLUSDC
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
Bitget AAPLUSDT
Lighter AAPL
Deribit AAPL_USDC-PERPETUAL
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Variational Omni AAPL
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
BloFin AAPL-USDT
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP
Phoenix AAPL