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

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0026%/8h= −2.8% APRnext payment $0.03 per $10,000 · paid last 24h +0.001%
Price spread now: Lighter RH against tradeXYZ+0.006%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$240.239% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.080%+$8 on $10k
Price spread, last 7 days+0.066%+$7 · spread now +0.006%, 7d avg +0.061%
Together, before fees+0.145%+ Points / potential airdroptradeXYZ: Active · Lighter RH: Points live · farm board+$15 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 0.055% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 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 +0.080%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:AAPL339.540.0058pay 0.0007% / 1h38m 05s$40.6M$76.5M20x
ShortLighter RH AAPL339.560.0032get 0.0004% / 1h38m 05s$950K$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
−$5.41
Price spread: +0.006% → +0.061%
−$5.49
Slippage, 4 orders
−$5.94
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$34.84
Costs to cover
0.239%
Break-even
never at this rate
Slippage from tradeXYZ: live order book, 12 min ago; Lighter RH: live order book, 5 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, 12 min ago0.29 bp10.3 bp −$1012.6 bp −$126doesn't fitdoesn't fit
Sell Lighter RH live order book, 5 min ago1.33 bp1.7 bp −$25.1 bp −$5145.7 bp −$4,574doesn'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−0.0667%4h339.70+0.048%$81K$326K20xas long as short
Nado AAPL-PERP−0.0046%1h339.53−0.002%$555K$38K20xas long as short
Aster AAPLUSDT0.0000%8h339.63+0.027%$121K$293K20xas long as short
Extended AAPL_24_5-USD0.0000%1h339.55+0.002%$288K$1.8M10xas long as short
Binance AAPLUSDT0.0000%8h339.63+0.027%$22.1M$67.7M25xas long as short
Bybit AAPLUSDT0.0000%8h339.63+0.027%$5.9M$108.7M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.62+0.024%$6.3M$6.9M25xas long as short
Gate AAPL_USDT0.0000%8h339.43−0.032%$3.0M$5.0M100xas long as short
Bitget AAPLUSDT0.0000%8h339.70+0.047%$6.2M$3.5M100xas long as short
Variational Omni AAPL0.0000%8h339.73+0.054%$2.4M$1.4Mas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT AAPL_USDT_Perp0.0000%8h339.70+0.046%$16K$402K10xas long as short
SunX AAPL-USDT0.0000%8h339.61+0.021%$886$4.6M20xas long as short
Deribit AAPL_USDC-PERPETUAL0.0000%1h339.41−0.038%$28K$68K10xas long as short
HTX AAPL-USDT0.0000%8h339.76+0.065%$62K$245K30xas long as short
Phemex AAPLUSDT0.0000%4h339.66+0.035%$2.1M$7K10xas long as short
BloFin AAPL-USDT+0.0007%8h339.67+0.038%$341K$168K20xas long as short
QFEX AAPL-USD+0.0023%1h339.65+0.032%$3.2M$4.3M10xas long as short
Coinbase International AAPL-PERP-INTX+0.0024%1h339.55+0.003%$660K$656K10xas long as short
Lighter AAPL+0.0032%1h339.55+0.003%$907K$2.6M20xas long as short
Lighter RH AAPLshort+0.0032%1h339.56+0.006%$950K$3.6M20x
Arcus AAPL-USD+0.0040%1h339.57+0.009%$267K$60K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h339.45−0.027%$45K25xas long as short
Polymarket Perps AAPL-USD+0.0050%1h339.540.000%$279K$417K10xas long as short
SoDEX AAPL-USD+0.0050%1h339.53−0.003%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h339.35−0.056%$1.3M$2.4M20xas long as short
tradeXYZ xyz:AAPLlong+0.0058%1h339.54long leg$40.6M$76.5M20x
KuCoin AAPLUSDTM+0.0100%8h339.45−0.027%$1.4M$39K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h339.540.000%$948K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.56+0.006%$4K10xas long as short
Hotstuff AAPL-PERP+0.0104%1h339.55+0.003%$36K20xas long as short
Aevo AAPL-PERP+0.0104%1h339.53−0.002%$11K$10210xas long as short
Phoenix AAPL+0.0212%1h339.82+0.082%$5K$12K20xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.50−0.012%$191K$44K30xas long as short