Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.003%
Price spread now: Binance against Lighter+0.040%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$120.123% of the position
Funding, last 7 days−0.056%−$6 on $10k
+Price spread, last 7 days+0.022%+$2 · spread now +0.040%, 7d avg +0.070%
=Together, before fees−0.034%+ Points / potential airdropLighter: Season 3 · farm board−$3 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 0.030% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.070%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AAPL | 338.77 | 0.0032 | pay 0.0004% / 1h | 40m 06s | $780K | $2.4M | 20x |
| Short | Binance AAPLUSDT | 338.91 | 0 | get 0.0000% / 8h | 4h 40m | $22.2M | $67.0M | 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: +0.040% → +0.070%
- −$3.03
- Slippage, 4 orders
- −$2.31
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$22.05
- Costs to cover
- 0.123%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 12 min ago; Binance: 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 Lighter live order book, 12 min ago | 0.53 bp | 0.6 bp −$1 | 1.9 bp −$19 | 45.2 bp −$4,524 | doesn't fit |
| Sell Binance live order book, 2 min ago | 0.15 bp | 5.3 bp −$5 | 7.1 bp −$71 | 24.0 bp −$2,404 | 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 | −0.0329% | 4h | 338.85 | +0.022% | $81K | $325K | 20x | as long as short |
| BloFin AAPL-USDT | −0.0023% | 8h | 338.93 | +0.046% | $342K | $168K | 20x | as long as short |
| Nado AAPL-PERP | −0.0015% | 1h | 338.75 | −0.008% | $554K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.83 | +0.016% | $122K | $290K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 338.83 | +0.015% | $286K | $2.0M | 10x | as long as short |
| Binance AAPLUSDTshort | 0.0000% | 8h | 338.91 | +0.040% | $22.2M | $67.0M | 25x | |
| Bybit AAPLUSDT | 0.0000% | 8h | 338.88 | +0.031% | $5.9M | $39.8M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 338.91 | +0.040% | $6.3M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.68 | −0.028% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.00 | +0.066% | $6.2M | $3.5M | 100x | as long as short |
edgeX AAPLUSDC
BloFin AAPL-USDT
Nado AAPL-PERP
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 | 338.94 | +0.047% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 338.85 | +0.021% | $17K | $425K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 338.93 | +0.046% | $597 | $4.6M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.61 | −0.049% | $28K | $67K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.02 | +0.072% | $53K | $224K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 338.94 | +0.049% | $2.1M | $7K | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0016% | 1h | 338.79 | +0.004% | $36K | — | 20x | as long as short |
| QFEX AAPL-USD | +0.0031% | 1h | 338.86 | +0.025% | $3.2M | $4.8M | 10x | as long as short |
| Lighter AAPLlong | +0.0032% | 1h | 338.77 | long leg | $780K | $2.4M | 20x | |
| Lighter RH AAPL | +0.0032% | 1h | 338.83 | +0.016% | $947K | $3.6M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 338.72 | −0.016% | $269K | $67K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.67 | −0.031% | — | $45K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.64 | −0.040% | $253K | $395K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.81 | +0.010% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.61 | −0.049% | $1.3M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:AAPL | +0.0061% | 1h | 338.78 | +0.001% | $40.5M | $75.9M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0080% | 1h | 338.78 | +0.001% | $659K | $664K | 10x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.79 | +0.004% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.70 | −0.022% | $946K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.77 | −0.001% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.79 | +0.005% | $11K | — | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.64 | −0.040% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0283% | 1h | 338.97 | +0.058% | $5K | $11K | 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
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
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Injective AAPL/USDC PERP
Phoenix AAPL