Funding you earn now, next payment 03:00 UTC+0.0028%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h −0.005%
Price spread now: tradeXYZ against Lighter RH+0.003%7-day average −0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$240.236% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 7 days−0.057%−$6 · spread now +0.003%, 7d avg −0.062%
=Together, before fees−0.148%+ Points / potential airdropLighter RH: Points live · tradeXYZ: Active · farm board−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 0.065% dearer against Lighter RH than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.062%. Mind the row above: over the last 7 days funding on this pair cost −0.091%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH AAPL | 338.73 | 0.0032 | pay 0.0004% / 1h | 21m 38s | $947K | $3.6M | 20x |
| Short | tradeXYZ xyz:AAPL | 338.74 | 0.0060 | get 0.0007% / 1h | 21m 38s | $40.7M | $75.8M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $5.82
- Price spread: +0.003% → −0.062%
- $6.51
- Slippage, 4 orders
- −$5.55
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$11.22
- Costs to cover
- 0.236%
- Break-even
- 20.5 days
Slippage from Lighter RH: live order book, 2 min ago; tradeXYZ: live order book, 7 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, 2 min ago | 0.89 bp | 1.4 bp −$1 | 5.7 bp −$57 | 55.2 bp −$5,522 | doesn't fit |
| Sell tradeXYZ live order book, 7 min ago | 0.29 bp | 10.4 bp −$10 | 12.2 bp −$122 | 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 | −0.0690% | 4h | 338.76 | +0.008% | $81K | $326K | 20x | as long as short |
| Nado AAPL-PERP | −0.0051% | 1h | 338.70 | −0.009% | $554K | $38K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | −0.0045% | 1h | 338.54 | −0.056% | $28K | $67K | 10x | as long as short |
| BloFin AAPL-USDT | −0.0015% | 8h | 338.84 | +0.032% | $343K | $169K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.79 | +0.018% | $122K | $291K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 338.75 | +0.007% | $285K | $2.0M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 338.87 | +0.041% | $22.2M | $66.9M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 338.85 | +0.035% | $6.0M | $39.1M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 338.89 | +0.047% | $6.3M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.58 | −0.044% | $3.0M | $4.2M | 100x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AAPLUSDT | 0.0000% | 8h | 338.96 | +0.068% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 338.82 | +0.028% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 338.83 | +0.030% | $17K | $424K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 338.86 | +0.038% | $508 | $4.6M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.01 | +0.083% | $53K | $224K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 338.84 | +0.032% | $2.1M | $6K | 10x | as long as short |
| QFEX AAPL-USD | +0.0013% | 1h | 338.78 | +0.015% | $3.2M | $4.8M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.69 | −0.010% | $770K | $2.4M | 20x | as long as short |
| Lighter RH AAPLlong | +0.0032% | 1h | 338.73 | long leg | $947K | $3.6M | 20x | |
| Arcus AAPL-USD | +0.0040% | 1h | 338.73 | 0.000% | $269K | $69K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.63 | −0.030% | — | $45K | 25x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0048% | 1h | 338.78 | +0.015% | $659K | $673K | 10x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.56 | −0.050% | $261K | $370K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.74 | +0.003% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.55 | −0.053% | $1.3M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:AAPLshort | +0.0060% | 1h | 338.74 | +0.003% | $40.7M | $75.8M | 20x | |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.73 | 0.000% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.62 | −0.032% | $946K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.70 | −0.009% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.70 | −0.007% | $10K | — | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0112% | 1h | 338.71 | −0.006% | $36K | — | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.57 | −0.047% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0259% | 1h | 338.79 | +0.018% | $5K | $11K | 20x | as long as short |
Lighter RH AAPL
tradeXYZ xyz:AAPL
edgeX AAPLUSDC
Deribit AAPL_USDC-PERPETUAL
BloFin AAPL-USDT
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
Lighter AAPL
Coinbase International AAPL-PERP-INTX
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Injective AAPL/USDC PERP
Phoenix AAPL