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

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0018%/8h= −2.0% APRnext payment $0.02 per $10,000 · paid last 24h +0.003%
Price spread now: Lighter RH against tradeXYZ+0.018%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$230.227% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.084%+$8 on $10k
Price spread, last 7 days+0.041%+$4 · spread now +0.018%, 7d avg +0.061%
Together, before fees+0.125%+ Points / potential airdroptradeXYZ: Active · Lighter RH: Points live · farm board+$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter RH is 0.044% cheaper against tradeXYZ than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.061%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.084%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:AAPL338.890.0050pay 0.0006% / 1h36m 45s$40.5M$76.0M20x
ShortLighter RH AAPL338.950.0032get 0.0004% / 1h36m 45s$945K$3.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against tradeXYZ. 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: +0.018% → +0.061%
−$4.37
Slippage, 4 orders
−$4.69
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$30.84
Costs to cover
0.227%
Break-even
never at this rate
Slippage from tradeXYZ: live order book, 3 min ago; Lighter RH: live order book, 2 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 tradeXYZ live order book, 3 min ago0.29 bp9.5 bp −$1012.1 bp −$121doesn't fitdoesn't fit
Sell Lighter RH live order book, 2 min ago1.18 bp1.5 bp −$24.4 bp −$4444.5 bp −$4,446doesn'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−0.0982%4h338.91+0.007%$81K$327K20xas long as short
Nado AAPL-PERP−0.0105%1h338.99+0.031%$555K$38K20xas long as short
BloFin AAPL-USDT−0.0023%8h338.88−0.003%$341K$168K20xas long as short
Aster AAPLUSDT0.0000%8h338.98+0.028%$121K$292K20xas long as short
Extended AAPL_24_5-USD0.0000%1h338.99+0.030%$284K$2.0M10xas long as short
Binance AAPLUSDT0.0000%8h339.09+0.059%$21.9M$67.1M25xas long as short
Bybit AAPLUSDT0.0000%8h339.03+0.041%$5.9M$65.2M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.05+0.047%$6.3M$6.8M25xas long as short
Gate AAPL_USDT0.0000%8h338.79−0.030%$3.0M$4.4M100xas long as short
Bitget AAPLUSDT0.0000%8h339.07+0.053%$6.2M$3.5M100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni AAPL0.0000%8h338.93+0.010%$2.4M$1.4Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h338.96+0.021%$16K$411K10xas long as short
SunX AAPL-USDT0.0000%8h339.05+0.047%$671$4.6M20xas long as short
Deribit AAPL_USDC-PERPETUAL0.0000%1h338.91+0.006%$28K$67K10xas long as short
HTX AAPL-USDT0.0000%8h339.17+0.083%$53K$225K30xas long as short
Phemex AAPLUSDT0.0000%4h338.99+0.030%$2.1M$7K10xas long as short
QFEX AAPL-USD+0.0030%1h338.97+0.024%$3.2M$4.5M10xas long as short
Lighter AAPL+0.0032%1h338.95+0.017%$783K$2.4M20xas long as short
Lighter RH AAPLshort+0.0032%1h338.95+0.018%$945K$3.6M20x
Arcus AAPL-USD+0.0040%1h338.87−0.006%$266K$61K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h338.86−0.009%$45K25xas long as short
tradeXYZ xyz:AAPLlong+0.0050%1h338.89long leg$40.5M$76.0M20x
Polymarket Perps AAPL-USD+0.0050%1h338.890.000%$278K$405K10xas long as short
SoDEX AAPL-USD+0.0050%1h338.93+0.012%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.84−0.015%$1.3M$2.5M20xas long as short
Hotstuff AAPL-PERP+0.0056%1h338.91+0.006%$36K20xas long as short
Coinbase International AAPL-PERP-INTX+0.0096%1h338.78−0.032%$661K$657K10xas long as short
KuCoin AAPLUSDTM+0.0100%8h338.83−0.018%$1.4M$38K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h338.85−0.012%$946K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h338.97+0.024%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h338.94+0.016%$11K10xas long as short
Injective AAPL/USDC PERP+0.0220%1h338.69−0.059%$191K$44K30xas long as short
Phoenix AAPL+0.0236%1h338.99+0.030%$5K$11K20xas long as short