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

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.002%
Price spread now: tradeXYZ against Lighter RH+0.012%7-day average −0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$240.240% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.079%−$8 on $10k
Price spread, last 7 days−0.084%−$8 · spread now +0.012%, 7d avg −0.060%
Together, before fees−0.163%+ Points / potential airdropLighter RH: Points live · tradeXYZ: Active · farm board−$16 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 tradeXYZ is 0.072% dearer against Lighter RH than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.060%. Mind the row above: over the last 7 days funding on this pair cost −0.079%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH AAPL339.680.0032pay 0.0004% / 1h48m 07s$949K$3.5M20x
ShorttradeXYZ xyz:AAPL339.720.0050get 0.0006% / 1h48m 07s$40.6M$76.2M20x

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

Profit calculator

Funding earned
$3.78
Price spread: +0.012% → −0.060%
$7.23
Slippage, 4 orders
−$6.03
Fee Lighter RH: 0 bp × 2 orders
$0
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$13.03
Costs to cover
0.240%
Break-even
31.1 days
Slippage from Lighter RH: live order book, 5 min ago; tradeXYZ: live order book, 11 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 ago1.33 bp1.8 bp −$26.3 bp −$6345.6 bp −$4,561doesn't fit
Sell tradeXYZ live order book, 11 min ago0.15 bp10.5 bp −$1111.9 bp −$119doesn'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−0.0884%4h339.58−0.030%$81K$327K20xas long as short
Deribit AAPL_USDC-PERPETUAL−0.0162%1h339.61−0.021%$28K$69K10xas long as short
Nado AAPL-PERP−0.0123%1h339.77+0.027%$556K$37K20xas long as short
BloFin AAPL-USDT−0.0023%8h339.75+0.021%$343K$168K20xas long as short
Aster AAPLUSDT0.0000%8h339.75+0.020%$121K$292K20xas long as short
Extended AAPL_24_5-USD0.0000%1h339.67−0.003%$289K$2.0M10xas long as short
Binance AAPLUSDT0.0000%8h339.76+0.024%$22.1M$67.5M25xas long as short
Bybit AAPLUSDT0.0000%8h339.680.000%$6.2M$131.2M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.74+0.018%$6.3M$6.9M25xas long as short
Gate AAPL_USDT0.0000%8h339.54−0.041%$3.0M$5.3M100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget AAPLUSDT0.0000%8h339.75+0.021%$6.2M$3.6M100xas long as short
Variational Omni AAPL0.0000%8h339.64−0.010%$2.4M$1.2Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h339.63−0.015%$16K$402K10xas long as short
SunX AAPL-USDT0.0000%8h339.75+0.021%$513$4.5M20xas long as short
HTX AAPL-USDT0.0000%8h339.81+0.038%$62K$245K30xas long as short
Phemex AAPLUSDT0.0000%4h339.76+0.024%$2.1M$7K10xas long as short
QFEX AAPL-USD+0.0027%1h339.67−0.003%$3.2M$4.2M10xas long as short
Lighter AAPL+0.0032%1h339.71+0.008%$941K$2.7M20xas long as short
Lighter RH AAPLlong+0.0032%1h339.68long leg$949K$3.5M20x
Arcus AAPL-USD+0.0040%1h339.58−0.029%$267K$60K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h339.64−0.012%$45K25xas long as short
tradeXYZ xyz:AAPLshort+0.0050%1h339.72+0.012%$40.6M$76.2M20x
Polymarket Perps AAPL-USD+0.0050%1h339.69+0.003%$279K$424K10xas long as short
SoDEX AAPL-USD+0.0050%1h339.71+0.009%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h339.51−0.050%$1.3M$2.4M20xas long as short
Coinbase International AAPL-PERP-INTX+0.0064%1h339.55−0.038%$660K$661K10xas long as short
Hotstuff AAPL-PERP+0.0096%1h339.67−0.003%$36K20xas long as short
KuCoin AAPLUSDTM+0.0100%8h339.55−0.038%$1.4M$39K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h339.52−0.047%$948K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.680.000%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h339.70+0.006%$11K$10210xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.45−0.068%$191K$44K30xas long as short
Phoenix AAPL+0.0259%1h339.75+0.021%$5K$12K20xas long as short