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 +0.001%

Price spread now: Lighter against Bitget−0.060%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$180.185% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 7 days−0.008%−$1 · spread now −0.060%, 7d avg −0.065%

Together, before fees+0.052%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.065%, 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	Bitget AAPLUSDT	338.92	0	get 0.0000% / 8h	5h 39m	$6.2M	$3.5M	100x
Short	Lighter AAPL	338.72	0.0032	get 0.0004% / 1h	39m 34s	$757K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now −0.060%Rate

Funding earned: $6.72
Price spread: −0.060% → −0.065%: $0.53
Slippage, 4 orders: −$6.47
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$11.23
Costs to cover: 0.185%
Break-even: 18.7 days

Slippage from Bitget: live order book, 4 min ago; Lighter: live order book, 7 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 Bitget live order book, 4 min ago	0.15 bp	8.1 bp −$8	12.6 bp −$126	48.7 bp −$4,869	doesn't fit
Sell Lighter live order book, 7 min ago	0.43 bp	0.7 bp −$1	1.4 bp −$14	66.1 bp −$6,606	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	−0.0109%	4h	338.77	−0.046%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0053%	1h	338.74	−0.052%	$554K	$38K	20x	as long as short
Hotstuff AAPL-PERP	−0.0032%	1h	338.82	−0.030%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.94	+0.007%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.76	−0.048%	$285K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.86	−0.018%	$22.3M	$67.0M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.89	−0.009%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.85	−0.021%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.64	−0.083%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDTlong	0.0000%	8h	338.92	long leg	$6.2M	$3.5M	100x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	338.83	−0.025%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.86	−0.019%	$17K	$433K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.83	−0.027%	$515	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.69	−0.068%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	338.97	+0.015%	$52K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.84	−0.024%	$2.1M	$6K	10x	as long as short
BloFin AAPL-USDT	+0.0004%	8h	338.84	−0.024%	$343K	$169K	20x	as long as short
QFEX AAPL-USD	+0.0013%	1h	338.84	−0.024%	$3.2M	$4.8M	10x	as long as short
Lighter AAPLshort	+0.0032%	1h	338.72	−0.060%	$757K	$2.4M	20x
Lighter RH AAPL	+0.0032%	1h	338.76	−0.047%	$953K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.76	−0.047%	$269K	$69K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.65	−0.080%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	338.84	−0.024%	$659K	$667K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.82	−0.030%	$40.7M	$75.8M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.56	−0.106%	$261K	$370K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.77	−0.044%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.58	−0.100%	$1.3M	$2.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.79	−0.038%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.60	−0.094%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.76	−0.047%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.71	−0.062%	$10K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.58	−0.100%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	338.88	−0.012%	$5K	$11K	20x	as long as short