Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against Aster−0.018%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$380.385% of the position

Long on Aster Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.018%, 7d avg −0.034%

Together, before fees+0.087%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AAPLUSDT	338.88	0	get 0.0000% / 8h	5h 31m	$122K	$291K	20x
Short	Lighter RH AAPL	338.82	0.0032	get 0.0004% / 1h	31m 54s	$951K	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Aster. 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

Position, each leg$Hold fordaysFee AsterbpFee Lighter RHbpOrdersPrice spread, now −0.018%Rate

Funding earned: $6.72
Price spread: −0.018% → −0.034%: $1.56
Slippage, 4 orders: −$30.47
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$30.19
Costs to cover: 0.385%
Break-even: 38.5 days

Slippage from Aster: live order book, 30 min ago; Lighter RH: live order book, 1 min ago.

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 Aster live order book, 30 min ago	2.21 bp	22.3 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 1 min ago	1.33 bp	1.4 bp −$1	4.0 bp −$40	44.0 bp −$4,396	doesn't fit

AAPL on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX AAPLUSDC	−0.0664%	4h	338.85	−0.010%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0061%	1h	338.80	−0.025%	$554K	$38K	20x	as long as short
BloFin AAPL-USDT	−0.0028%	8h	338.92	+0.011%	$343K	$169K	20x	as long as short
Aster AAPLUSDTlong	0.0000%	8h	338.88	long leg	$122K	$291K	20x
Extended AAPL_24_5-USD	0.0000%	1h	338.84	−0.012%	$285K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.95	+0.020%	$22.3M	$67.0M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.94	+0.017%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.96	+0.023%	$6.3M	$6.8M	25x	as long as short
Hotstuff AAPL-PERP	0.0000%	1h	338.82	−0.018%	$36K	—	20x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.69	−0.057%	$3.0M	$4.2M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	339.00	+0.035%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	338.92	+0.010%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.88	−0.002%	$17K	$424K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.94	+0.017%	$824	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.72	−0.048%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.06	+0.052%	$52K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.95	+0.020%	$2.1M	$6K	10x	as long as short
QFEX AAPL-USD	+0.0013%	1h	338.85	−0.009%	$3.2M	$4.8M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.76	−0.035%	$763K	$2.4M	20x	as long as short
Lighter RH AAPLshort	+0.0032%	1h	338.82	−0.018%	$951K	$3.6M	20x
Arcus AAPL-USD	+0.0040%	1h	338.81	−0.021%	$269K	$69K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.69	−0.057%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	338.78	−0.030%	$659K	$673K	10x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.64	−0.071%	$261K	$370K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.87	−0.004%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.67	−0.063%	$1.3M	$2.5M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0061%	1h	338.87	−0.004%	$40.7M	$75.8M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.84	−0.012%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.74	−0.042%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.78	−0.030%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.78	−0.030%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.25	+0.109%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	338.96	+0.023%	$5K	$11K	20x	as long as short