Funding you earn now, next payment 00:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.001%
Price spread now: Lighter against Lighter RH−0.009%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$3as in the Price arb table
costs, in and out, $10k−$50.048% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 7 days−0.023%−$2 · spread now −0.009%, 7d avg −0.025%
=Together, before fees−0.021%+ Points / potential airdropLighter RH: Points live · Lighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH AAPL | 339.02 | 0.0032 | pay 0.0004% / 1h | 36m 06s | $964K | $3.8M | 20x |
| Short | Lighter AAPL | 338.99 | 0.0088 | get 0.0011% / 1h | 36m 06s | $773K | $2.4M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $11.76
- Price spread: −0.009% → −0.025%
- $1.52
- Slippage, 4 orders
- −$4.78
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $8.49
- Costs to cover
- 0.048%
- Break-even
- 1.9 days
Slippage from Lighter RH: live order book, 2 min ago; Lighter: live order book, 6 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 | 0.59 bp | 2.3 bp −$2 | 6.7 bp −$67 | 46.4 bp −$4,641 | doesn't fit |
| Sell Lighter live order book, 6 min ago | 0.71 bp | 0.7 bp −$1 | 1.7 bp −$17 | 49.0 bp −$4,900 | 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 | −0.0314% | 4h | 339.11 | +0.025% | $81K | $325K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.02 | 0.000% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.14 | +0.035% | $6.0M | $39.2M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.07 | +0.015% | $6.5M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.87 | −0.044% | $3.0M | $4.2M | 100x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.11 | +0.027% | $634 | $4.8M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.25 | +0.068% | $53K | $223K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.12 | +0.029% | $2.1M | $7K | 10x | as long as short |
| GRVT AAPL_USDT_Perp | +0.0012% | 8h | 339.12 | +0.030% | $14K | $498K | 10x | as long as short |
| Lighter RH AAPLlong | +0.0032% | 1h | 339.02 | long leg | $964K | $3.8M | 20x |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AAPLUSDT | +0.0045% | 8h | 339.11 | +0.027% | $6.2M | $3.4M | 100x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.71 | −0.091% | — | $53K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.92 | −0.029% | $265K | $394K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.97 | −0.015% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.83 | −0.056% | $1.4M | $2.4M | 20x | as long as short |
| QFEX AAPL-USD | +0.0064% | 1h | 339.02 | 0.000% | $3.2M | $5.1M | 10x | as long as short |
| BloFin AAPL-USDT | +0.0066% | 8h | 339.14 | +0.035% | $350K | $167K | 20x | as long as short |
| Variational Omni AAPL | +0.0068% | 8h | 339.12 | +0.028% | $2.4M | $1.4M | — | as long as short |
| Extended AAPL_24_5-USD | +0.0088% | 1h | 339.05 | +0.010% | $285K | $1.5M | 10x | as long as short |
| Lighter AAPLshort | +0.0088% | 1h | 338.99 | −0.009% | $773K | $2.4M | 20x | |
| Binance AAPLUSDT | +0.0090% | 8h | 339.11 | +0.027% | $22.4M | $67.1M | 25x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.82 | −0.059% | $1.4M | $28K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.76 | −0.077% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.99 | −0.009% | $4K | — | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0104% | 1h | 338.94 | −0.024% | $36K | — | 20x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.07 | +0.014% | $11K | — | 10x | as long as short |
| Nado AAPL-PERP | +0.0121% | 1h | 338.83 | −0.056% | $556K | $33K | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0192% | 1h | 339.03 | +0.003% | $660K | $677K | 10x | as long as short |
| tradeXYZ xyz:AAPL | +0.0198% | 1h | 338.98 | −0.012% | $40.9M | $76.2M | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.55 | +0.156% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0330% | 1h | 339.11 | +0.027% | $2K | $8K | 20x | as long as short |
| Arcus AAPL-USD | +0.0397% | 1h | 338.96 | −0.018% | $270K | $70K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | +0.0517% | 1h | 339.06 | +0.012% | $28K | $66K | 10x | as long as short |
Lighter RH AAPL
Lighter AAPL
edgeX AAPLUSDC
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
GRVT AAPL_USDT_Perp
Bitget AAPLUSDT
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
BloFin AAPL-USDT
Variational Omni AAPL
Extended AAPL_24_5-USD
Binance AAPLUSDT
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Coinbase International AAPL-PERP-INTX
tradeXYZ xyz:AAPL
Injective AAPL/USDC PERP
Phoenix AAPL
Deribit AAPL_USDC-PERPETUAL