Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.013%

Price spread now: Lighter against Binance−0.032%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$120.116% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 2 days (all we have)−0.051%−$5 · spread now −0.032%, 7d avg −0.047%

Together, before fees+0.018%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.047%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAPLUSDT	339.14	0	get 0.0000% / 8h	1h 28m	$22.4M	$67.4M	25x
Short	Lighter AAPL	339.03	0.0056	get 0.0007% / 1h	28m 15s	$769K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now −0.032%Rate

Funding earned: $11.76
Price spread: −0.032% → −0.047%: $1.45
Slippage, 4 orders: −$1.63
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $1.58
Costs to cover: 0.116%
Break-even: 6.1 days

Slippage from Binance: live order book, 14 min ago; Lighter: live order book, 4 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 Binance live order book, 14 min ago	0.15 bp	5.3 bp −$5	8.3 bp −$83	29.0 bp −$2,903	doesn't fit
Sell Lighter live order book, 4 min ago	0.15 bp	0.4 bp $0	1.5 bp −$15	31.3 bp −$3,133	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	−0.0081%	4h	339.08	−0.017%	$81K	$327K	20x	as long as short
BloFin AAPL-USDT	−0.0005%	8h	339.14	0.000%	$351K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.12	−0.007%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.08	−0.019%	$285K	$1.5M	10x	as long as short
Binance AAPLUSDTlong	0.0000%	8h	339.14	long leg	$22.4M	$67.4M	25x
Bybit AAPLUSDT	0.0000%	8h	339.18	+0.012%	$6.1M	$39.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.03	−0.032%	$6.6M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.90	−0.071%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.14	0.000%	$6.2M	$3.4M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.13	−0.001%	$2.4M	$1.4M	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	339.11	−0.010%	$14K	$498K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.12	−0.006%	$587	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.23	+0.027%	$53K	$222K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.15	+0.003%	$2.1M	$7K	10x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.05	−0.027%	$968K	$3.8M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.76	−0.112%	—	$53K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.92	−0.065%	$265K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.03	−0.032%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.75	−0.115%	$1.5M	$2.4M	20x	as long as short
Lighter AAPLshort	+0.0056%	1h	339.03	−0.032%	$769K	$2.5M	20x
QFEX AAPL-USD	+0.0059%	1h	339.05	−0.027%	$3.2M	$5.1M	10x	as long as short
Hotstuff AAPL-PERP	+0.0072%	1h	339.02	−0.035%	$36K	—	20x	as long as short
Nado AAPL-PERP	+0.0087%	1h	338.87	−0.081%	$556K	$34K	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.85	−0.086%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.75	−0.115%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.00	−0.041%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.05	−0.026%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	339.03	−0.032%	$660K	$677K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0185%	1h	339.03	−0.032%	$40.9M	$76.8M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0193%	1h	338.98	−0.047%	$28K	$65K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.55	+0.121%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0354%	1h	339.18	+0.012%	$2K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0364%	1h	339.01	−0.038%	$270K	$70K	20x	as long as short