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

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0073%/8h= +8.0% APRnext payment +$0.09 per $10,000 · paid last 24h +0.018%
Price spread now: Lighter RH against Nado−0.016%48s7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$220.215% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.082%+$8 on $10k
Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.016%, 7d avg −0.002%
Together, before fees+0.058%+ Points / potential airdropNado: Active · Lighter RH: Points live · farm board+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado AAPL-PERP338.74−0.0041get 0.0005% / 1h3m 45s$554K$38K20x
ShortLighter RH AAPL338.680.0032get 0.0004% / 1h3m 45s$947K$3.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against Nado. 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
$15.26
Price spread: −0.016% → −0.002%
−$1.44
Slippage, 4 orders
−$14.52
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$7.7
Costs to cover
0.215%
Break-even
10.5 days
Slippage from Nado: live order book, 59 min ago; Lighter RH: live order book, 5 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 Nado live order book, 59 min ago0.15 bp13.4 bp −$1368.6 bp −$686doesn't fitdoesn't fit
Sell Lighter RH live order book, 5 min ago0.89 bp1.2 bp −$12.6 bp −$2640.6 bp −$4,059doesn'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−0.0906%4h338.80+0.019%$81K$326K20xas long as short
Deribit AAPL_USDC-PERPETUAL−0.0045%1h338.58−0.046%$28K$67K10xas long as short
Nado AAPL-PERPlong−0.0041%1h338.74long leg$554K$38K20x
BloFin AAPL-USDT−0.0004%8h338.89+0.046%$343K$169K20xas long as short
Aster AAPLUSDT0.0000%8h338.83+0.027%$122K$291K20xas long as short
Extended AAPL_24_5-USD0.0000%1h338.77+0.009%$285K$2.0M10xas long as short
Binance AAPLUSDT0.0000%8h338.85+0.034%$22.2M$66.9M25xas long as short
Bybit AAPLUSDT0.0000%8h338.84+0.031%$5.9M$39.3M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h338.94+0.060%$6.3M$6.8M25xas long as short
Hotstuff AAPL-PERP0.0000%1h338.79+0.016%$36K20xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate AAPL_USDT0.0000%8h338.62−0.034%$3.0M$4.3M100xas long as short
Bitget AAPLUSDT0.0000%8h338.95+0.063%$6.2M$3.5M100xas long as short
Variational Omni AAPL0.0000%8h338.85+0.032%$2.4M$1.4Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h338.83+0.028%$17K$425K10xas long as short
SunX AAPL-USDT0.0000%8h338.88+0.043%$481$4.6M20xas long as short
HTX AAPL-USDT0.0000%8h339.02+0.084%$52K$224K30xas long as short
Phemex AAPLUSDT0.0000%4h338.92+0.054%$2.1M$7K10xas long as short
QFEX AAPL-USD+0.0013%1h338.78+0.013%$3.2M$4.8M10xas long as short
Lighter AAPL+0.0032%1h338.65−0.026%$779K$2.5M20xas long as short
Lighter RH AAPLshort+0.0032%1h338.68−0.016%$947K$3.6M20x
Arcus AAPL-USD+0.0040%1h338.75+0.004%$269K$69K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h338.65−0.025%$45K25xas long as short
Coinbase International AAPL-PERP-INTX+0.0048%1h338.78+0.013%$659K$671K10xas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.65−0.025%$261K$370K10xas long as short
SoDEX AAPL-USD+0.0050%1h338.80+0.019%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.60−0.040%$1.3M$2.5M20xas long as short
tradeXYZ xyz:AAPL+0.0075%1h338.77+0.010%$40.7M$75.8M20xas long as short
KuCoin AAPLUSDTM+0.0100%8h338.74+0.001%$1.4M$27K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h338.64−0.028%$946K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h338.73−0.002%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h338.75+0.005%$11K10xas long as short
Injective AAPL/USDC PERP+0.0220%1h338.65−0.025%$191K$44K30xas long as short
Phoenix AAPL+0.0259%1h338.83+0.028%$5K$11K20xas long as short