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

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h −0.008%
Price spread now: Extended against Lighter+0.020%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$90.090% 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−0.055%−$6 · spread now +0.020%, 7d avg +0.072%
Together, before fees−0.123%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.052% cheaper against Lighter than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.072%). If the spread goes back, that is −$5 on $10k: about 2.2 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.067%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter AAPL338.600.0032pay 0.0004% / 1h24m 30s$770K$2.3M20x
ShortExtended AAPL_24_5-USD338.660.0112get 0.0014% / 1h24m 30s$286K$2.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$16.8
Price spread: +0.020% → +0.072%
−$5.21
Slippage, 4 orders
−$4.03
Fee Lighter: 0 bp × 2 orders
$0
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$2.56
Costs to cover
0.090%
Break-even
5.9 days
Slippage from Lighter: live order book, 2 min ago; Extended: live order book, 4 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, 2 min ago0.43 bp0.7 bp −$11.7 bp −$1759.7 bp −$5,974doesn't fit
Sell Extended live order book, 4 min ago0.15 bp3.8 bp −$415.6 bp −$156doesn'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−0.0365%4h338.80+0.060%$81K$325K20xas long as short
Nado AAPL-PERP−0.0018%1h338.600.000%$554K$38K20xas long as short
Aster AAPLUSDT0.0000%8h338.83+0.069%$122K$291K20xas long as short
Bybit AAPLUSDT0.0000%8h338.75+0.045%$6.0M$39.3M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h338.69+0.027%$6.4M$6.6M25xas long as short
Gate AAPL_USDT0.0000%8h338.53−0.020%$3.0M$4.2M100xas long as short
GRVT AAPL_USDT_Perp0.0000%8h338.90+0.090%$17K$489K10xas long as short
SunX AAPL-USDT0.0000%8h338.82+0.066%$613$4.7M20xas long as short
HTX AAPL-USDT0.0000%8h338.93+0.098%$52K$224K30xas long as short
Phemex AAPLUSDT0.0000%4h338.90+0.089%$2.1M$6K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter AAPLlong+0.0032%1h338.60long leg$770K$2.3M20x
Lighter RH AAPL+0.0032%1h338.67+0.022%$956K$3.6M20xas long as short
Bitget AAPLUSDT+0.0036%8h338.79+0.057%$6.2M$3.4M100xas long as short
Vest AAPL-USD-PERP+0.0046%1h338.48−0.035%$47K25xas long as short
tradeXYZ xyz:AAPL+0.0050%1h338.61+0.004%$40.8M$75.8M20xas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.62+0.007%$263K$396K10xas long as short
SoDEX AAPL-USD+0.0050%1h338.71+0.033%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.51−0.026%$1.4M$2.5M20xas long as short
Hotstuff AAPL-PERP+0.0056%1h338.61+0.004%$36K20xas long as short
QFEX AAPL-USD+0.0059%1h338.66+0.019%$3.2M$5.0M10xas long as short
Variational Omni AAPL+0.0083%8h338.82+0.067%$2.4M$1.4Mas long as short
KuCoin AAPLUSDTM+0.0100%8h338.61+0.004%$1.4M$27K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h338.63+0.010%$946K$10.9M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h338.74+0.042%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h338.74+0.044%$11K10xas long as short
Deribit AAPL_USDC-PERPETUAL+0.0104%1h338.68+0.025%$28K$66K10xas long as short
Binance AAPLUSDT+0.0108%8h338.75+0.045%$22.2M$66.8M25xas long as short
Extended AAPL_24_5-USDshort+0.0112%1h338.66+0.020%$286K$2.4M10x
BloFin AAPL-USDT+0.0115%8h338.82+0.066%$346K$169K20xas long as short
Coinbase International AAPL-PERP-INTX+0.0184%1h338.61+0.004%$655K$668K10xas long as short
Injective AAPL/USDC PERP+0.0220%1h338.58−0.005%$191K$44K30xas long as short
Phoenix AAPL+0.0330%1h338.90+0.089%$5K$11K20xas long as short
Arcus AAPL-USD+0.0406%1h338.75+0.045%$269K$70K20xas long as short