Settings8H · net · $10k
Funding arb · Price arb /

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.010%
Price spread now: Lighter RH against Extended−0.007%7-day average −0.046% · 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−$7as in the Price arb table
costs, in and out, $10k−$110.112% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.067%+$7 on $10k
Price spread, last 7 days+0.076%+$8 · spread now −0.007%, 7d avg −0.046%
Together, before fees+0.143%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board+$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.040% dearer against Extended than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.046%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended AAPL_24_5-USD339.010get 0.0000% / 1h15m 57s$285K$1.5M10x
ShortLighter RH AAPL338.990.0032get 0.0004% / 1h15m 57s$968K$3.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against Extended. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
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: −0.007% → −0.046%
$3.99
Slippage, 4 orders
−$6.23
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$0.52
Costs to cover
0.112%
Break-even
7.5 days
Slippage from Extended: live order book, 3 min ago; Lighter RH: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 3 min ago0.15 bp3.8 bp −$422.2 bp −$222doesn't fitdoesn't fit
Sell Lighter RH live order book, 2 min ago1.48 bp1.7 bp −$23.5 bp −$3541.1 bp −$4,110doesn't fit

AAPL on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX AAPLUSDC−0.0884%4h339.05+0.012%$81K$326K20xas long as short
BloFin AAPL-USDT−0.0020%8h339.07+0.017%$351K$168K20xas long as short
Aster AAPLUSDT0.0000%8h339.10+0.026%$122K$291K20xas long as short
Extended AAPL_24_5-USDlong0.0000%1h339.01long leg$285K$1.5M10x
Bybit AAPLUSDT0.0000%8h339.13+0.035%$6.1M$39.8M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.05+0.011%$6.6M$6.9M25xas long as short
Gate AAPL_USDT0.0000%8h338.89−0.036%$3.0M$4.2M100xas long as short
Bitget AAPLUSDT0.0000%8h339.07+0.017%$6.2M$3.3M100xas long as short
Variational Omni AAPL0.0000%8h339.10+0.024%$2.4M$1.4Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h339.10+0.025%$14K$498K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX AAPL-USDT0.0000%8h339.06+0.014%$905$4.8M20xas long as short
Deribit AAPL_USDC-PERPETUAL0.0000%1h338.82−0.057%$28K$65K10xas long as short
HTX AAPL-USDT0.0000%8h339.20+0.055%$53K$222K30xas long as short
Phemex AAPLUSDT0.0000%4h339.21+0.058%$2.1M$7K10xas long as short
Binance AAPLUSDT+0.0001%8h339.08+0.020%$22.4M$67.3M25xas long as short
Lighter RH AAPLshort+0.0032%1h338.99−0.007%$968K$3.8M20x
Vest AAPL-USD-PERP+0.0046%1h338.70−0.092%$53K25xas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.86−0.045%$265K$394K10xas long as short
SoDEX AAPL-USD+0.0050%1h338.97−0.012%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.70−0.092%$1.5M$2.4M20xas long as short
Lighter AAPL+0.0056%1h338.96−0.015%$772K$2.5M20xas long as short
QFEX AAPL-USD+0.0059%1h339.01−0.001%$3.2M$5.1M10xas long as short
Hotstuff AAPL-PERP+0.0072%1h338.96−0.015%$36K20xas long as short
Nado AAPL-PERP+0.0080%1h338.80−0.063%$556K$34K20xas long as short
KuCoin AAPLUSDTM+0.0100%8h338.84−0.051%$1.4M$28K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h338.74−0.080%$946K$10.9M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h338.93−0.024%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h338.99−0.006%$11K10xas long as short
tradeXYZ xyz:AAPL+0.0183%1h338.96−0.015%$40.9M$76.6M20xas long as short
Coinbase International AAPL-PERP-INTX+0.0184%1h339.03+0.005%$660K$677K10xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.55+0.159%$191K$44K30xas long as short
Phoenix AAPL+0.0354%1h339.15+0.041%$2K$11K20xas long as short
Arcus AAPL-USD+0.0364%1h338.96−0.015%$270K$70K20xas long as short