Funding you earn now, next payment 11:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.08 per $10,000 · paid last 24h +0.006%
Price spread now: tradeXYZ against Lighter RH−0.003%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$240.238% of the position
Funding, last 7 days−0.076%−$8 on $10k
+Price spread, last 7 days−0.066%−$7 · spread now −0.003%, 7d avg −0.059%
=Together, before fees−0.142%+ Points / potential airdropLighter RH: Points live · tradeXYZ: Active · farm board−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.056% dearer against Lighter RH than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.059%. Mind the row above: over the last 7 days funding on this pair cost −0.076%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH AAPL | 339.50 | 0.0032 | pay 0.0004% / 1h | 42m 18s | $1.0M | $3.2M | 20x |
| Short | tradeXYZ xyz:AAPL | 339.49 | 0.0092 | get 0.0012% / 1h | 42m 18s | $40.5M | $76.6M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $12.61
- Price spread: −0.003% → −0.059%
- $5.63
- Slippage, 4 orders
- −$5.78
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$5.53
- Costs to cover
- 0.238%
- Break-even
- 10.1 days
Slippage from Lighter RH: live order book, 4 min ago; tradeXYZ: live order book, 10 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, 4 min ago | 1.77 bp | 2.0 bp −$2 | 5.4 bp −$54 | 46.7 bp −$4,666 | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 0.15 bp | 10.4 bp −$10 | 12.7 bp −$127 | doesn't fit | doesn't fit |
AAPL on 33 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff AAPL-PERP | −0.1600% | 1h | 337.75 | −0.515% | $36K | — | 20x | as long as short |
| edgeX AAPLUSDC | −0.0768% | 4h | 339.48 | −0.004% | $81K | $328K | 20x | as long as short |
| BloFin AAPL-USDT | 0.0000% | 8h | 339.66 | +0.047% | $349K | $165K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.52 | +0.005% | $121K | $295K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.49 | −0.004% | $285K | $2.1M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.61 | +0.032% | $22.2M | $67.2M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.52 | +0.006% | $6.7M | $282.2M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.57 | +0.021% | $6.3M | $6.7M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.48 | −0.006% | $3.0M | $7.3M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.64 | +0.041% | $6.2M | $3.5M | 100x | as long as short |
Show all 33 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AAPL | 0.0000% | 8h | 339.56 | +0.019% | $2.5M | $1.3M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.58 | +0.024% | $13K | $336K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.63 | +0.038% | $564 | $4.2M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.69 | +0.056% | $62K | $242K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.67 | +0.050% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USD | +0.0026% | 1h | 339.52 | +0.006% | $3.2M | $4.2M | 10x | as long as short |
| Lighter RH AAPLlong | +0.0032% | 1h | 339.50 | long leg | $1.0M | $3.2M | 20x | |
| Arcus AAPL-USD | +0.0040% | 1h | 339.40 | −0.029% | $267K | $52K | 20x | as long as short |
| Nado AAPL-PERP | +0.0045% | 1h | 339.40 | −0.029% | $555K | $29K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.32 | −0.053% | — | $45K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.49 | −0.003% | $279K | $347K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.53 | +0.009% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.34 | −0.047% | $1.3M | $2.1M | 20x | as long as short |
| Lighter AAPL | +0.0064% | 1h | 339.51 | +0.004% | $929K | $2.5M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0080% | 1h | 339.77 | +0.080% | $660K | $654K | 10x | as long as short |
| tradeXYZ xyz:AAPLshort | +0.0092% | 1h | 339.49 | −0.003% | $40.5M | $76.6M | 20x | |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.45 | −0.015% | $1.4M | $165K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.41 | −0.027% | $948K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.43 | −0.021% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.42 | −0.023% | $11K | $102 | 10x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | +0.0163% | 1h | 339.49 | −0.003% | $28K | $70K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.92 | +0.124% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0235% | 1h | 339.61 | +0.032% | $5K | $12K | 20x | as long as short |
Lighter RH AAPL
tradeXYZ xyz:AAPL
edgeX AAPLUSDC
BloFin AAPL-USDT
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Lighter AAPL
Coinbase International AAPL-PERP-INTX
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Deribit AAPL_USDC-PERPETUAL
Injective AAPL/USDC PERP
Phoenix AAPL