Funding you earn now, next payment 02:00 UTC−0.0024%/8h= −2.7% APRnext payment −$0.03 per $10,000 · paid last 24h +0.006%
Price spread now: Lighter against tradeXYZ−0.032%7-day average +0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$210.208% of the position
Funding, last 7 days+0.096%+$10 on $10k
+Price spread, last 7 days+0.051%+$5 · spread now −0.032%, 7d avg +0.038%
=Together, before fees+0.147%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board+$15 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 Lighter is 0.071% cheaper against tradeXYZ than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.038%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.096%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:AAPL | 339.20 | 0.0056 | pay 0.0007% / 1h | 14m 32s | $40.8M | $75.7M | 20x |
| Short | Lighter AAPL | 339.09 | 0.0032 | get 0.0004% / 1h | 14m 32s | $782K | $2.3M | 20x |
tradeXYZ xyz:AAPL
Lighter AAPLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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
- −$5.12
- Price spread: −0.032% → +0.038%
- −$7.06
- Slippage, 4 orders
- −$2.79
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$32.97
- Costs to cover
- 0.208%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 5 min ago; Lighter: live order book, 2 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 tradeXYZ live order book, 5 min ago | 0.15 bp | 10.4 bp −$10 | 13.4 bp −$134 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 2 min ago | 0.24 bp | 0.4 bp $0 | 0.8 bp −$8 | 41.1 bp −$4,111 | doesn't fit |
AAPL on 32 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 | −0.0302% | 4h | 339.12 | −0.024% | $81K | $327K | 20x | as long as short |
| Nado AAPL-PERP | −0.0084% | 1h | 339.14 | −0.016% | $555K | $38K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | −0.0074% | 1h | 338.98 | −0.065% | $28K | $67K | 10x | as long as short |
| Hotstuff AAPL-PERP | −0.0008% | 1h | 339.17 | −0.009% | $36K | — | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.20 | −0.001% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.29 | +0.027% | $6.0M | $39.2M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.28 | +0.024% | $6.3M | $6.7M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.05 | −0.044% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.23 | +0.009% | $6.2M | $3.5M | 100x | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.16 | −0.011% | $17K | $433K | 10x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Deribit AAPL_USDC-PERPETUAL
Hotstuff AAPL-PERP
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
GRVT AAPL_USDT_PerpShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX AAPL-USDT | 0.0000% | 8h | 339.22 | +0.006% | $566 | $4.7M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.45 | +0.074% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.24 | +0.012% | $2.1M | $6K | 10x | as long as short |
| Variational Omni AAPL | +0.0002% | 8h | 339.24 | +0.010% | $2.4M | $1.4M | — | as long as short |
| QFEX AAPL-USD | +0.0028% | 1h | 339.13 | −0.021% | $3.2M | $4.9M | 10x | as long as short |
| Lighter AAPLshort | +0.0032% | 1h | 339.09 | −0.032% | $782K | $2.3M | 20x | |
| Lighter RH AAPL | +0.0032% | 1h | 339.15 | −0.015% | $950K | $3.5M | 20x | as long as short |
| Extended AAPL_24_5-USD | +0.0032% | 1h | 339.18 | −0.007% | $288K | $2.0M | 10x | as long as short |
| Binance AAPLUSDT | +0.0033% | 8h | 339.25 | +0.013% | $22.3M | $66.8M | 25x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.10 | −0.029% | $270K | $70K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.07 | −0.038% | — | $45K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.94 | −0.077% | $262K | $396K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.19 | −0.003% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.00 | −0.059% | $1.4M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:AAPLlong | +0.0056% | 1h | 339.20 | long leg | $40.8M | $75.7M | 20x | |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.06 | −0.041% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.16 | −0.012% | $947K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.09 | −0.032% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.12 | −0.023% | $11K | — | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0136% | 1h | 338.51 | −0.203% | $655K | $665K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.06 | −0.041% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0236% | 1h | 339.30 | +0.029% | $5K | $11K | 20x | as long as short |
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
Variational Omni AAPL
QFEX AAPL-USD
Lighter RH AAPL
Extended AAPL_24_5-USD
Binance AAPLUSDT
Arcus AAPL-USD
Vest AAPL-USD-PERP
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP
Phoenix AAPL