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

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0112%/8h= +12.3% APRnext payment +$0.14 per $10,000 · paid last 24h 0.000%
Price spread now: Coinbase International against Lighter RH+0.009%7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$220.216% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.031%−$3 on $10k
Price spread, last 3 days (all we have)−0.027%−$3 · spread now +0.009%, 7d avg −0.034%
Together, before fees−0.057%+ Points / potential airdropLighter RH: Points live · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.043% dearer against Lighter RH than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH AAPL338.970.0032pay 0.0004% / 1h3m 39s$973K$3.9M20x
ShortCoinbase International AAPL-PERP-INTX339.000.0144get 0.0018% / 1h3m 39s$661K$675K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$23.52
Price spread: +0.009% → −0.034%
$4.3
Slippage, 4 orders
−$11.64
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$6.18
Costs to cover
0.216%
Break-even
5.2 days
Slippage from Lighter RH: live order book, 5 min ago; Coinbase International: live order book, 20 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 RH live order book, 5 min ago0.59 bp1.4 bp −$16.4 bp −$6448.2 bp −$4,816doesn't fit
Sell Coinbase International live order book, 20 min ago2.21 bp8.9 bp −$913.1 bp −$131doesn't fitdoesn'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−0.0706%4h339.06+0.028%$81K$325K20xas long as short
BloFin AAPL-USDT−0.0016%8h339.05+0.024%$353K$165K20xas long as short
Aster AAPLUSDT0.0000%8h339.08+0.033%$122K$291K20xas long as short
Extended AAPL_24_5-USD0.0000%1h339.00+0.010%$284K$1.5M10xas long as short
Binance AAPLUSDT0.0000%8h339.04+0.021%$22.3M$67.3M25xas long as short
Bybit AAPLUSDT0.0000%8h339.07+0.030%$6.2M$24.9M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.00+0.009%$6.6M$6.9M25xas long as short
Gate AAPL_USDT0.0000%8h338.84−0.038%$3.0M$4.2M100xas long as short
Bitget AAPLUSDT0.0000%8h339.05+0.024%$6.2M$3.3M100xas long as short
Variational Omni AAPL0.0000%8h339.06+0.025%$2.5M$1.4Mas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT AAPL_USDT_Perp0.0000%8h339.01+0.013%$14K$510K10xas long as short
SunX AAPL-USDT0.0000%8h339.05+0.024%$529$4.8M20xas long as short
Deribit AAPL_USDC-PERPETUAL0.0000%1h338.79−0.053%$28K$65K10xas long as short
HTX AAPL-USDT0.0000%8h339.15+0.053%$53K$223K30xas long as short
Phemex AAPLUSDT0.0000%4h339.14+0.050%$2.1M$7K10xas long as short
Lighter AAPL+0.0032%1h338.92−0.014%$761K$2.5M20xas long as short
Lighter RH AAPLlong+0.0032%1h338.97long leg$973K$3.9M20x
Vest AAPL-USD-PERP+0.0046%1h338.67−0.089%$53K25xas long as short
QFEX AAPL-USD+0.0049%1h339.05+0.024%$3.2M$5.0M10xas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.76−0.062%$271K$384K10xas long as short
SoDEX AAPL-USD+0.0050%1h339.00+0.009%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.74−0.068%$1.4M$2.4M20xas long as short
Nado AAPL-PERP+0.0088%1h338.76−0.063%$556K$35K20xas long as short
KuCoin AAPLUSDTM+0.0100%8h338.77−0.059%$1.4M$28K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h338.70−0.080%$946K$10.9M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h338.95−0.006%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h339.01+0.011%$11K10xas long as short
Hotstuff AAPL-PERP+0.0128%1h338.99+0.006%$36K20xas long as short
Coinbase International AAPL-PERP-INTXshort+0.0144%1h339.00+0.009%$661K$675K10x
Injective AAPL/USDC PERP+0.0220%1h339.41+0.130%$191K$44K30xas long as short
tradeXYZ xyz:AAPL+0.0222%1h338.99+0.006%$40.9M$77.1M20xas long as short
Phoenix AAPL+0.0283%1h339.13+0.047%$2K$12K20xas long as short
Arcus AAPL-USD+0.0310%1h338.970.000%$270K$69K20xas long as short