After costs, if the gap returns to its 7d average, $10k−$14
spread now+0.050%7d average+0.002%fees + slippage, in and out−$18spread needed0.183%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX AAPL-USD | 337.46 | 0.0016 | pay 0.0002% / 1h | 24m 54s | $3.2M | $2.5M | 10x |
| Short | Lighter RH AAPL | 337.63 | 0.0032 | get 0.0004% / 1h | 24m 54s | $910K | $3.2M | 20x |
QFEX AAPL-USD
Lighter RH 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
- $5.04
- Funding while held
- $0.47
- Slippage, 4 orders
- −$8.34
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$12.83
- Spread needed to break even
- 0.183%
Slippage from QFEX: live order book, 5 min ago; Lighter RH: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0016%
- Per $10,000 a day
- +$0.47
- 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 QFEX live order book, 5 min ago | 1.48 bp | 6.5 bp −$6 | 6.5 bp −$65 | 9.3 bp −$934 | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 2.22 bp | 2.4 bp −$2 | 5.6 bp −$56 | 54.6 bp −$5,456 | doesn't fit |
AAPL price on every exchange
against the cheapest. Click to use as the short leg.Phoenix336.95cheapestHotstuff337.20+0.074%Ondo Perps337.26+0.092%KuCoin337.32+0.110%edgeX337.35+0.118%ApeX Omni337.37+0.125%Arcus337.40+0.134%HTX337.40+0.134%Polymarket Perps337.42+0.139%tradeXYZ337.46+0.151%
Phoenix
Hotstuff
Ondo Perps
KuCoin
ApeX Omni
Arcus
HTX
Polymarket Perps
tradeXYZQFEX337.46+0.151%
Vest337.50+0.163%Coinbase International337.53+0.172%Gate337.55+0.178%Lighter337.57+0.183%Variational Omni337.57+0.185%Extended337.61+0.196%Orderly337.61+0.196%SoDEX337.61+0.196%
Vest
Coinbase International
Gate
Lighter
Variational Omni
Extended
Orderly
SoDEXLighter RH337.63+0.202%
Injective337.64+0.205%Phemex337.64+0.205%Aevo337.65+0.209%Aster337.66+0.209%OKX337.66+0.211%Bybit337.69+0.220%BloFin337.72+0.229%Nado337.72+0.229%Binance337.73+0.231%Deribit337.73+0.231%SunX337.75+0.237%Bitget337.78+0.246%
Injective
Phemex
Aevo
Aster
OKX
Bybit
BloFin
Nado
Binance
Deribit
SunX
BitgetAAPL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix AAPL | −0.151% | +0.0048% | 1h | $5K | $10K | 20x | as long as short |
| Hotstuff AAPL-PERP | −0.077% | +0.0112% | 1h | $36K | — | 20x | as long as short |
| Ondo Perps AAPL-USD.P | −0.059% | +0.0050% | 1h | $1.3M | $1.2M | 20x | as long as short |
| KuCoin AAPLUSDTM | −0.041% | −0.0081% | 8h | $1.4M | $10K | 20x | as long as short |
| edgeX AAPLUSDC | −0.034% | −0.0762% | 4h | $80K | $325K | 20x | as long as short |
| ApeX Omni AAPLUSDT | −0.027% | +0.0100% | 1h | $942K | $10.8M | 50x | as long as short |
| Arcus AAPL-USD | −0.018% | +0.0040% | 1h | $282K | $55K | 20x | as long as short |
| HTX AAPL-USDT | −0.018% | 0.0000% | 8h | $53K | $215K | 30x | as long as short |
| Polymarket Perps AAPL-USD | −0.012% | +0.0050% | 1h | $240K | $193K | 10x | as long as short |
| tradeXYZ xyz:AAPL | 0.000% | +0.0017% | 1h | $86.0M | $7.5M | 20x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| QFEX AAPL-USDlong | 0.000% | +0.0016% | 1h | $3.2M | $2.5M | 10x | |
| Vest AAPL-USD-PERP | +0.012% | +0.0046% | 1h | — | $9K | 25x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.021% | +0.0040% | 1h | $673K | $392K | 10x | as long as short |
| Gate AAPL_USDT | +0.027% | 0.0000% | 8h | $3.1M | $2.4M | 100x | as long as short |
| Lighter AAPL | +0.031% | +0.0032% | 1h | $436K | $1.5M | 20x | as long as short |
| Variational Omni AAPL | +0.034% | 0.0000% | 8h | $1.9M | $889K | — | as long as short |
| Extended AAPL_24_5-USD | +0.044% | 0.0000% | 1h | $273K | $1.5M | 10x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.044% | +0.0100% | 8h | $4K | — | 10x | as long as short |
| SoDEX AAPL-USD | +0.044% | +0.0050% | 1h | $75K | $3K | 10x | as long as short |
| Lighter RH AAPLshort | +0.050% | +0.0032% | 1h | $910K | $3.2M | 20x | |
| Injective AAPL/USDC PERP | +0.053% | +0.0220% | 1h | $190K | $170K | 30x | as long as short |
| Phemex AAPLUSDT | +0.053% | 0.0000% | 4h | $2.1M | $7K | 10x | as long as short |
| Aevo AAPL-PERP | +0.057% | +0.0104% | 1h | $10K | — | 10x | as long as short |
| Aster AAPLUSDT | +0.058% | 0.0000% | 8h | $133K | $146K | 20x | as long as short |
| OKX AAPL-USDT-SWAP | +0.059% | 0.0000% | 8h | $6.7M | $5.4M | 25x | as long as short |
| Bybit AAPLUSDT | +0.068% | 0.0000% | 8h | $5.3M | $19.5M | 100x | as long as short |
| BloFin AAPL-USDT | +0.077% | +0.0120% | 8h | $371K | $90K | 20x | as long as short |
| Nado AAPL-PERP | +0.078% | +0.0021% | 1h | $562K | $31K | 20x | as long as short |
| Binance AAPLUSDT | +0.080% | 0.0000% | 8h | $23.5M | $36.4M | 25x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | +0.080% | 0.0000% | 1h | $28K | $49K | 10x | as long as short |
| SunX AAPL-USDT | +0.086% | 0.0000% | 8h | $473 | $3.4M | 20x | as long as short |
| Bitget AAPLUSDT | +0.095% | 0.0000% | 8h | $6.5M | $2.1M | 100x | as long as short |