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

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.001%
Price spread now: Bitget against Lighter+0.028%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$200.196% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.060%−$6 on $10k
Price spread, last 7 days+0.043%+$4 · spread now +0.028%, 7d avg +0.066%
Together, before fees−0.018%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.037% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.066%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter AAPL339.690.0032pay 0.0004% / 1h36m 11s$907K$2.6M20x
ShortBitget AAPLUSDT339.790get 0.0000% / 8h1h 36m$6.2M$3.5M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Lighter. 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: +0.028% → +0.066%
−$3.72
Slippage, 4 orders
−$7.6
Fee Lighter: 0 bp × 2 orders
$0
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$30.05
Costs to cover
0.196%
Break-even
never at this rate
Slippage from Lighter: live order book, 6 min ago; Bitget: 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 Lighter live order book, 6 min ago0.25 bp0.5 bp $01.6 bp −$1625.3 bp −$2,532doesn't fit
Sell Bitget live order book, 2 min ago0.15 bp9.9 bp −$1014.9 bp −$14940.6 bp −$4,060doesn'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−0.0502%4h339.62−0.022%$81K$326K20xas long as short
Nado AAPL-PERP−0.0054%1h339.74+0.014%$556K$38K20xas long as short
BloFin AAPL-USDT−0.0016%8h339.64−0.016%$341K$168K20xas long as short
Deribit AAPL_USDC-PERPETUAL−0.0015%1h339.62−0.022%$28K$68K10xas long as short
Aster AAPLUSDT0.0000%8h339.64−0.016%$121K$293K20xas long as short
Extended AAPL_24_5-USD0.0000%1h339.69−0.002%$288K$1.8M10xas long as short
Binance AAPLUSDT0.0000%8h339.69−0.001%$22.1M$67.7M25xas long as short
Bybit AAPLUSDT0.0000%8h339.70+0.002%$7.0M$109.7M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.70+0.002%$6.3M$6.9M25xas long as short
Gate AAPL_USDT0.0000%8h339.54−0.045%$3.0M$5.0M100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget AAPLUSDTshort0.0000%8h339.79+0.028%$6.2M$3.5M100x
Variational Omni AAPL0.0000%8h339.73+0.009%$2.4M$1.4Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h339.70+0.001%$16K$402K10xas long as short
SunX AAPL-USDT0.0000%8h339.76+0.019%$758$4.6M20xas long as short
HTX AAPL-USDT0.0000%8h339.80+0.031%$62K$245K30xas long as short
Phemex AAPLUSDT0.0000%4h339.77+0.022%$2.1M$7K10xas long as short
QFEX AAPL-USD+0.0023%1h339.67−0.007%$3.2M$4.3M10xas long as short
Coinbase International AAPL-PERP-INTX+0.0024%1h339.65−0.013%$663K$662K10xas long as short
Lighter AAPLlong+0.0032%1h339.69long leg$907K$2.6M20x
Lighter RH AAPL+0.0032%1h339.66−0.010%$950K$3.6M20xas long as short
Hotstuff AAPL-PERP+0.0040%1h339.60−0.028%$36K20xas long as short
Arcus AAPL-USD+0.0040%1h339.57−0.037%$267K$60K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h339.59−0.031%$45K25xas long as short
tradeXYZ xyz:AAPL+0.0050%1h339.69−0.001%$40.6M$76.5M20xas long as short
Polymarket Perps AAPL-USD+0.0050%1h339.68−0.004%$279K$417K10xas long as short
SoDEX AAPL-USD+0.0050%1h339.68−0.004%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h339.51−0.054%$1.3M$2.4M20xas long as short
KuCoin AAPLUSDTM+0.0100%8h339.56−0.039%$1.4M$39K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h339.54−0.045%$948K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.69−0.001%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h339.71+0.003%$11K$10210xas long as short
Phoenix AAPL+0.0212%1h339.82+0.037%$5K$12K20xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.50−0.057%$191K$44K30xas long as short