Spread before costs (cost unknown: a leg has no order-book sample)−0.006%
7d average—if it closes, per $10,000$1funding while held, a day+$4.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH AAPL | 339.07 | 0.0032 | pay 0.0004% / 1h | 44m 41s | $916K | $3.7M | 20x |
| Short | Phoenix AAPL | 339.05 | 0.0165 | get 0.0021% / 1h | 44m 41s | $2K | $11K | 20x |
Lighter RH AAPL
Phoenix AAPLPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$0.59
- Funding while held
- $4
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$3.59
- Spread needed to break even
- 0.070%
Slippage unknown: Lighter RH: live order book, 5 min ago; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0133%
- Per $10,000 a day
- +$4.00
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Lighter RH live order book, 5 min ago | 1.33 bp | 1.5 bp −$2 | 4.8 bp −$48 | 41.9 bp −$4,192 | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
AAPL price on every exchange
against the cheapest. Click to use as the short leg.Injective338.53cheapestedgeX338.69+0.048%Coinbase International338.72+0.056%KuCoin338.80+0.080%Gate338.86+0.097%Variational Omni338.88+0.102%ApeX Omni338.90+0.109%Polymarket Perps338.91+0.112%Ondo Perps338.92+0.115%OKX338.97+0.130%Arcus338.98+0.133%Vest338.99+0.136%Orderly338.99+0.136%tradeXYZ339.00+0.139%Phemex339.00+0.139%Aevo339.01+0.143%Extended339.02+0.145%Bybit339.03+0.148%SunX339.03+0.148%BloFin339.03+0.148%Hotstuff339.05+0.154%
Injective
Coinbase International
KuCoin
Gate
Variational Omni
ApeX Omni
Polymarket Perps
Ondo Perps
OKX
Arcus
Vest
Orderly
tradeXYZ
Phemex
Aevo
Extended
Bybit
SunX
BloFin
HotstuffPhoenix339.05+0.154%
QFEX339.06+0.157%Bitget339.06+0.157%SoDEX339.06+0.157%
QFEX
Bitget
SoDEXLighter RH339.07+0.160%
Nado339.07+0.160%Lighter339.07+0.160%Aster339.07+0.161%Binance339.08+0.162%Deribit339.10+0.168%HTX339.15+0.183%
Nado
Lighter
Aster
Binance
Deribit
HTXAAPL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective AAPL/USDC PERP | −0.159% | +0.0220% | 1h | $191K | $127K | 30x | as long as short |
| edgeX AAPLUSDC | −0.111% | −0.0636% | 4h | $80K | $326K | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | −0.103% | +0.0024% | 1h | $671K | $503K | 10x | as long as short |
| KuCoin AAPLUSDTM | −0.080% | −0.0076% | 8h | $1.4M | $20K | 20x | as long as short |
| Gate AAPL_USDT | −0.062% | 0.0000% | 8h | $3.0M | $3.4M | 100x | as long as short |
| Variational Omni AAPL | −0.058% | 0.0000% | 8h | $2.0M | $967K | — | as long as short |
| ApeX Omni AAPLUSDT | −0.050% | +0.0100% | 1h | $947K | $10.8M | 50x | as long as short |
| Polymarket Perps AAPL-USD | −0.047% | +0.0050% | 1h | $267K | $281K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | −0.044% | +0.0050% | 1h | $1.2M | $1.8M | 20x | as long as short |
| OKX AAPL-USDT-SWAP | −0.029% | 0.0000% | 8h | $6.6M | $6.4M | 25x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Arcus AAPL-USD | −0.027% | +0.0040% | 1h | $273K | $76K | 20x | as long as short |
| Vest AAPL-USD-PERP | −0.024% | +0.0046% | 1h | — | $9K | 25x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | −0.024% | +0.0100% | 8h | $4K | — | 10x | as long as short |
| tradeXYZ xyz:AAPL | −0.021% | +0.0050% | 1h | $54.1M | $53.0M | 20x | as long as short |
| Phemex AAPLUSDT | −0.021% | 0.0000% | 4h | $2.1M | $7K | 10x | as long as short |
| Aevo AAPL-PERP | −0.016% | +0.0104% | 1h | $11K | — | 10x | as long as short |
| Extended AAPL_24_5-USD | −0.014% | 0.0000% | 1h | $275K | $1.5M | 10x | as long as short |
| Bybit AAPLUSDT | −0.012% | 0.0000% | 8h | $5.9M | $20.9M | 100x | as long as short |
| SunX AAPL-USDT | −0.012% | 0.0000% | 8h | $834 | $4.7M | 20x | as long as short |
| BloFin AAPL-USDT | −0.012% | −0.0005% | 8h | $362K | $136K | 20x | as long as short |
| Hotstuff AAPL-PERP | −0.006% | +0.0040% | 1h | $36K | — | 20x | as long as short |
| Phoenix AAPLshort | −0.006% | +0.0165% | 1h | $2K | $11K | 20x | |
| QFEX AAPL-USD | −0.003% | +0.0005% | 1h | $3.3M | $3.7M | 10x | as long as short |
| Bitget AAPLUSDT | −0.003% | 0.0000% | 8h | $6.3M | $2.8M | 100x | as long as short |
| SoDEX AAPL-USD | −0.003% | +0.0050% | 1h | $75K | $3K | 10x | as long as short |
| Lighter RH AAPLlong | 0.000% | +0.0032% | 1h | $916K | $3.7M | 20x | |
| Nado AAPL-PERP | +0.001% | −0.0031% | 1h | $558K | $31K | 20x | as long as short |
| Lighter AAPL | +0.001% | +0.0032% | 1h | $584K | $2.1M | 20x | as long as short |
| Aster AAPLUSDT | +0.001% | 0.0000% | 8h | $128K | $283K | 20x | as long as short |
| Binance AAPLUSDT | +0.003% | 0.0000% | 8h | $22.3M | $56.3M | 25x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | +0.009% | 0.0000% | 1h | $28K | $61K | 10x | as long as short |
| HTX AAPL-USDT | +0.024% | 0.0000% | 8h | $53K | $223K | 30x | as long as short |