Funding you earn now, next payment 06:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.007%
Price spread now: Coinbase International against Lighter−0.005%7-day average −0.019% · you buy dearer than you sell
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−$170.165% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.005%, 7d avg −0.019%
=Together, before fees+0.046%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AAPL | 339.57 | 0.0032 | pay 0.0004% / 1h | 53m 32s | $908K | $2.6M | 20x |
| Short | Coinbase International AAPL-PERP-INTX | 339.55 | 0.0024 | get 0.0003% / 1h | 53m 32s | $660K | $657K | 10x |
Lighter AAPL
Coinbase International AAPL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$1.68
- Price spread: −0.005% → −0.019%
- $1.39
- Slippage, 4 orders
- −$6.53
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$16.82
- Costs to cover
- 0.165%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; Coinbase International: live order book, 55 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, 4 min ago | 0.38 bp | 1.1 bp −$1 | 2.7 bp −$27 | 31.7 bp −$3,170 | doesn't fit |
| Sell Coinbase International live order book, 55 min ago | 2.21 bp | 7.7 bp −$8 | 11.0 bp −$110 | 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 | −0.0978% | 4h | 339.57 | +0.001% | $81K | $326K | 20x | as long as short |
| Nado AAPL-PERP | −0.0071% | 1h | 339.56 | −0.003% | $555K | $38K | 20x | as long as short |
| BloFin AAPL-USDT | 0.0000% | 8h | 339.61 | +0.013% | $340K | $168K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.55 | −0.006% | $121K | $293K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.63 | +0.017% | $288K | $1.8M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.72 | +0.044% | $22.1M | $67.7M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.67 | +0.030% | $7.0M | $103.4M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.68 | +0.033% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.44 | −0.037% | $3.0M | $4.9M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.77 | +0.060% | $6.2M | $3.5M | 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 | 339.65 | +0.026% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.66 | +0.028% | $16K | $402K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.65 | +0.024% | $859 | $4.6M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.53 | −0.011% | $28K | $68K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.76 | +0.057% | $62K | $245K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.74 | +0.051% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USD | +0.0023% | 1h | 339.63 | +0.019% | $3.2M | $4.3M | 10x | as long as short |
| Coinbase International AAPL-PERP-INTXshort | +0.0024% | 1h | 339.55 | −0.005% | $660K | $657K | 10x | |
| Lighter AAPLlong | +0.0032% | 1h | 339.57 | long leg | $908K | $2.6M | 20x | |
| Lighter RH AAPL | +0.0032% | 1h | 339.57 | +0.001% | $945K | $3.6M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.55 | −0.005% | $267K | $60K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.44 | −0.037% | — | $45K | 25x | as long as short |
| Hotstuff AAPL-PERP | +0.0048% | 1h | 339.60 | +0.010% | $36K | — | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.51 | −0.017% | $280K | $416K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.58 | +0.004% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.44 | −0.037% | $1.3M | $2.4M | 20x | as long as short |
| tradeXYZ xyz:AAPL | +0.0077% | 1h | 339.61 | +0.013% | $40.6M | $76.6M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.38 | −0.055% | $1.4M | $39K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.47 | −0.029% | $948K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.54 | −0.008% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.56 | −0.001% | $11K | $102 | 10x | as long as short |
| Phoenix AAPL | +0.0212% | 1h | 339.77 | +0.060% | $5K | $12K | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.39 | −0.052% | $191K | $44K | 30x | as long as short |
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
QFEX AAPL-USD
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
Hotstuff AAPL-PERP
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
tradeXYZ xyz:AAPL
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Phoenix AAPL
Injective AAPL/USDC PERP