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+0.0028%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h −0.005%
Price spread now: tradeXYZ against Lighter RH+0.003%7-day average −0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$240.236% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.091%−$9 on $10k
Price spread, last 7 days−0.057%−$6 · spread now +0.003%, 7d avg −0.062%
Together, before fees−0.148%+ Points / potential airdropLighter RH: Points live · tradeXYZ: Active · farm board−$15 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 0.065% 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 −0.062%. Mind the row above: over the last 7 days funding on this pair cost −0.091%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH AAPL338.730.0032pay 0.0004% / 1h21m 38s$947K$3.6M20x
ShorttradeXYZ xyz:AAPL338.740.0060get 0.0007% / 1h21m 38s$40.7M$75.8M20x

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
$5.82
Price spread: +0.003% → −0.062%
$6.51
Slippage, 4 orders
−$5.55
Fee Lighter RH: 0 bp × 2 orders
$0
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$11.22
Costs to cover
0.236%
Break-even
20.5 days
Slippage from Lighter RH: live order book, 2 min ago; tradeXYZ: live order book, 7 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, 2 min ago0.89 bp1.4 bp −$15.7 bp −$5755.2 bp −$5,522doesn't fit
Sell tradeXYZ live order book, 7 min ago0.29 bp10.4 bp −$1012.2 bp −$122doesn'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−0.0690%4h338.76+0.008%$81K$326K20xas long as short
Nado AAPL-PERP−0.0051%1h338.70−0.009%$554K$38K20xas long as short
Deribit AAPL_USDC-PERPETUAL−0.0045%1h338.54−0.056%$28K$67K10xas long as short
BloFin AAPL-USDT−0.0015%8h338.84+0.032%$343K$169K20xas long as short
Aster AAPLUSDT0.0000%8h338.79+0.018%$122K$291K20xas long as short
Extended AAPL_24_5-USD0.0000%1h338.75+0.007%$285K$2.0M10xas long as short
Binance AAPLUSDT0.0000%8h338.87+0.041%$22.2M$66.9M25xas long as short
Bybit AAPLUSDT0.0000%8h338.85+0.035%$6.0M$39.1M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h338.89+0.047%$6.3M$6.8M25xas long as short
Gate AAPL_USDT0.0000%8h338.58−0.044%$3.0M$4.2M100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget AAPLUSDT0.0000%8h338.96+0.068%$6.2M$3.5M100xas long as short
Variational Omni AAPL0.0000%8h338.82+0.028%$2.4M$1.4Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h338.83+0.030%$17K$424K10xas long as short
SunX AAPL-USDT0.0000%8h338.86+0.038%$508$4.6M20xas long as short
HTX AAPL-USDT0.0000%8h339.01+0.083%$53K$224K30xas long as short
Phemex AAPLUSDT0.0000%4h338.84+0.032%$2.1M$6K10xas long as short
QFEX AAPL-USD+0.0013%1h338.78+0.015%$3.2M$4.8M10xas long as short
Lighter AAPL+0.0032%1h338.69−0.010%$770K$2.4M20xas long as short
Lighter RH AAPLlong+0.0032%1h338.73long leg$947K$3.6M20x
Arcus AAPL-USD+0.0040%1h338.730.000%$269K$69K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h338.63−0.030%$45K25xas long as short
Coinbase International AAPL-PERP-INTX+0.0048%1h338.78+0.015%$659K$673K10xas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.56−0.050%$261K$370K10xas long as short
SoDEX AAPL-USD+0.0050%1h338.74+0.003%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.55−0.053%$1.3M$2.5M20xas long as short
tradeXYZ xyz:AAPLshort+0.0060%1h338.74+0.003%$40.7M$75.8M20x
KuCoin AAPLUSDTM+0.0100%8h338.730.000%$1.4M$27K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h338.62−0.032%$946K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h338.70−0.009%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h338.70−0.007%$10K10xas long as short
Hotstuff AAPL-PERP+0.0112%1h338.71−0.006%$36K20xas long as short
Injective AAPL/USDC PERP+0.0220%1h338.57−0.047%$191K$44K30xas long as short
Phoenix AAPL+0.0259%1h338.79+0.018%$5K$11K20xas long as short