Funding you earn now, next payment 04:00 UTC+0.0188%/8h= +20.6% APRnext payment +$0.24 per $10,000 · paid last 24h +0.056%
Price spread now: Injective against Lighter−0.041%7-day average +0.112% · you buy dearer than you sell
Net, funding: paid 7d − costs+$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$210.208% of the position
Funding, last 7 days+0.382%+$38 on $10k
+Price spread, last 4 days (all we have)−0.039%−$4 · spread now −0.041%, 7d avg +0.112%
=Together, before fees+0.343%+ Points / potential airdropLighter: Season 3 · farm board+$34 on $10k · with fees, hour by hour
Funding pays, the price is against you. Injective is 0.153% cheaper against Lighter than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of +0.112%). If the spread goes back, that is −$15 on $10k: about 2.7 days of funding at the current rate (+$6 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AAPL | 338.78 | 0.0032 | pay 0.0004% / 1h | 38m 54s | $780K | $2.4M | 20x |
| Short | Injective AAPL/USDC PERP | 338.64 | 0.0220 | get 0.0028% / 1h | 38m 54s | $191K | $44K | 30x |
Lighter AAPL
Injective AAPL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $39.48
- Price spread: −0.041% → +0.112%
- −$15.33
- Slippage, 4 orders
- −$20.81
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $3.32
- Costs to cover
- 0.208%
- Break-even
- 6.4 days
Slippage from Lighter: live order book, 3 min ago; Injective: live order book, 20 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, 3 min ago | 0.37 bp | 0.6 bp −$1 | 1.5 bp −$15 | 28.9 bp −$2,893 | doesn't fit |
| Sell Injective live order book, 20 min ago | 8.56 bp | 11.3 bp −$11 | 11.5 bp −$115 | 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 | −0.0329% | 4h | 338.85 | +0.021% | $81K | $325K | 20x | as long as short |
| Nado AAPL-PERP | −0.0015% | 1h | 338.74 | −0.010% | $554K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.82 | +0.012% | $122K | $290K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 338.83 | +0.014% | $286K | $2.0M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 338.91 | +0.038% | $22.2M | $67.0M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 338.86 | +0.024% | $5.9M | $39.8M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 338.91 | +0.038% | $6.3M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.68 | −0.030% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.00 | +0.065% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 338.94 | +0.046% | $2.4M | $1.4M | — | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPLShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 338.89 | +0.032% | $17K | $425K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 338.91 | +0.038% | $336 | $4.6M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.65 | −0.038% | $28K | $67K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 338.98 | +0.059% | $53K | $224K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 338.94 | +0.047% | $2.1M | $7K | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0016% | 1h | 338.78 | 0.000% | $36K | — | 20x | as long as short |
| BloFin AAPL-USDT | +0.0026% | 8h | 338.92 | +0.041% | $342K | $168K | 20x | as long as short |
| QFEX AAPL-USD | +0.0031% | 1h | 338.87 | +0.027% | $3.2M | $4.8M | 10x | as long as short |
| Lighter AAPLlong | +0.0032% | 1h | 338.78 | long leg | $780K | $2.4M | 20x | |
| Lighter RH AAPL | +0.0032% | 1h | 338.83 | +0.015% | $947K | $3.6M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 338.72 | −0.018% | $269K | $67K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.69 | −0.027% | — | $45K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.64 | −0.041% | $253K | $395K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.77 | −0.003% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.68 | −0.030% | $1.3M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:AAPL | +0.0058% | 1h | 338.78 | 0.000% | $40.5M | $75.9M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0080% | 1h | 338.78 | 0.000% | $659K | $664K | 10x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.82 | +0.012% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.73 | −0.015% | $946K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.80 | +0.006% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.80 | +0.007% | $11K | — | 10x | as long as short |
| Injective AAPL/USDC PERPshort | +0.0220% | 1h | 338.64 | −0.041% | $191K | $44K | 30x | |
| Phoenix AAPL | +0.0283% | 1h | 338.97 | +0.056% | $5K | $11K | 20x | as long as short |
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
Hotstuff AAPL-PERP
BloFin AAPL-USDT
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
Phoenix AAPL