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

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h +0.016%
Price spread now: BloFin against Lighter RH−0.018%841s7-day average +0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$210.211% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.045%+$5 on $10k
Price spread, last 3 days (all we have)+0.056%+$6 · spread now −0.018%, 7d avg +0.038%
Together, before fees+0.102%+ Points / potential airdropLighter RH: Points live · farm board+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.056% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.018% now, against its 7-day average of +0.038%). If the spread goes back, that is −$6 on $10k: about 10 days of funding at the current rate (+$1 a day). The two prices were read 841 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH AAPL338.970.0032pay 0.0004% / 1h34m 49s$952K$3.5M20x
ShortBloFin AAPL-USDT338.910.0050get 0.0050% / 8h6h 34m$347K$169K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$3.82
Price spread: −0.018% → +0.038%
−$5.57
Slippage, 4 orders
−$9.14
Fee Lighter RH: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$22.89
Costs to cover
0.211%
Break-even
48.9 days
Slippage from Lighter RH: live order book, 3 min ago; BloFin: live order book, 30 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, 3 min ago1.92 bp2.3 bp −$25.9 bp −$5956.0 bp −$5,596doesn't fit
Sell BloFin live order book, 30 min ago0.15 bp10.4 bp −$1011.6 bp −$11622.0 bp −$2,204doesn'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−0.0506%4h338.97−0.001%$81K$326K20xas long as short
Nado AAPL-PERP−0.0069%1h338.91−0.017%$555K$38K20xas long as short
Aster AAPLUSDT0.0000%8h338.99+0.006%$122K$291K20xas long as short
Bybit AAPLUSDT0.0000%8h339.08+0.032%$6.0M$39.2M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.11+0.041%$6.4M$6.7M25xas long as short
Gate AAPL_USDT0.0000%8h338.85−0.035%$3.0M$4.2M100xas long as short
Bitget AAPLUSDT0.0000%8h339.09+0.035%$6.2M$3.5M100xas long as short
GRVT AAPL_USDT_Perp0.0000%8h339.00+0.009%$17K$433K10xas long as short
SunX AAPL-USDT0.0000%8h339.07+0.030%$953$4.7M20xas long as short
HTX AAPL-USDT0.0000%8h339.21+0.071%$53K$225K30xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex AAPLUSDT0.0000%4h338.99+0.006%$2.1M$6K10xas long as short
Variational Omni AAPL+0.0027%8h339.08+0.034%$2.4M$1.4Mas long as short
QFEX AAPL-USD+0.0028%1h339.05+0.024%$3.2M$4.9M10xas long as short
Lighter AAPL+0.0032%1h338.91−0.017%$743K$2.3M20xas long as short
Lighter RH AAPLlong+0.0032%1h338.97long leg$952K$3.5M20x
Arcus AAPL-USD+0.0040%1h338.94−0.009%$270K$70K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h338.85−0.035%$45K25xas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.81−0.047%$262K$395K10xas long as short
SoDEX AAPL-USD+0.0050%1h338.99+0.006%$75K$3K10xas long as short
BloFin AAPL-USDTshort+0.0050%8h338.91−0.018%$347K$169K20x
Ondo Perps AAPL-USD.P+0.0050%1h338.83−0.041%$1.4M$2.5M20xas long as short
Extended AAPL_24_5-USD+0.0056%1h338.98+0.004%$284K$2.0M10xas long as short
Binance AAPLUSDT+0.0060%8h339.07+0.029%$22.2M$66.8M25xas long as short
tradeXYZ xyz:AAPL+0.0082%1h339.01+0.012%$40.8M$75.8M20xas long as short
KuCoin AAPLUSDTM+0.0100%8h338.80−0.050%$1.4M$27K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h338.91−0.018%$947K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h338.96−0.003%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h338.95−0.005%$11K10xas long as short
Deribit AAPL_USDC-PERPETUAL+0.0104%1h338.970.000%$28K$67K10xas long as short
Hotstuff AAPL-PERP+0.0128%1h339.01+0.012%$36K20xas long as short
Coinbase International AAPL-PERP-INTX+0.0136%1h338.51−0.136%$655K$665K10xas long as short
Injective AAPL/USDC PERP+0.0220%1h338.85−0.035%$191K$44K30xas long as short
Phoenix AAPL+0.0236%1h339.18+0.062%$5K$11K20xas long as short