Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.003%

Price spread now: Lighter RH against Binance−0.024%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$150.146% of the position

Long on Binance Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 7 days+0.005%$0 · spread now −0.024%, 7d avg −0.046%

Together, before fees+0.059%+ Points / potential airdropLighter RH: Points live · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.022% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAPLUSDT	339.57	0	get 0.0000% / 8h	2h 33m	$22.0M	$67.3M	25x
Short	Lighter RH AAPL	339.49	0.0032	get 0.0004% / 1h	33m 27s	$937K	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.024%Rate

Funding earned: $6.72
Price spread: −0.024% → −0.046%: $2.24
Slippage, 4 orders: −$4.6
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$5.64
Costs to cover: 0.146%
Break-even: 12.9 days

Slippage from Binance: live order book, 9 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 9 min ago	0.15 bp	5.5 bp −$5	9.6 bp −$96	31.5 bp −$3,154	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.18 bp	2.3 bp −$2	4.9 bp −$49	45.4 bp −$4,545	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	−0.0189%	4h	339.47	−0.028%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0078%	1h	339.54	−0.008%	$555K	$38K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0045%	1h	339.38	−0.056%	$28K	$68K	10x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.53	−0.011%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.48	−0.026%	$278K	$1.8M	10x	as long as short
Binance AAPLUSDTlong	0.0000%	8h	339.57	long leg	$22.0M	$67.3M	25x
Bybit AAPLUSDT	0.0000%	8h	339.59	+0.006%	$5.8M	$88.7M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.61	+0.012%	$6.2M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.29	−0.083%	$3.0M	$4.7M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.59	+0.006%	$6.2M	$3.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.52	−0.013%	$2.4M	$1.3M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.52	−0.015%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.49	−0.024%	$608	$4.6M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.62	+0.015%	$52K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.56	−0.003%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0019%	8h	339.57	0.000%	$341K	$168K	20x	as long as short
QFEX AAPL-USD	+0.0020%	1h	339.47	−0.030%	$3.2M	$4.4M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.55	−0.006%	$841K	$2.5M	20x	as long as short
Lighter RH AAPLshort	+0.0032%	1h	339.49	−0.024%	$937K	$3.6M	20x
Arcus AAPL-USD	+0.0040%	1h	339.33	−0.071%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.45	−0.035%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	339.16	−0.121%	$661K	$659K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.44	−0.038%	$40.5M	$76.4M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.41	−0.047%	$278K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.40	−0.050%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.38	−0.056%	$1.3M	$2.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.31	−0.077%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.38	−0.056%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.39	−0.053%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.46	−0.033%	$11K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0112%	1h	339.44	−0.038%	$36K	—	20x	as long as short
Phoenix AAPL	+0.0212%	1h	339.52	−0.015%	$5K	$11K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.36	−0.062%	$191K	$44K	30x	as long as short