Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h +0.010%

Price spread now: Lighter RH against Bitget−0.029%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$210.214% of the position

Long on Bitget 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 7 days−0.005%−$1 · spread now −0.029%, 7d avg −0.041%

Together, before fees+0.062%+ Points / potential airdropLighter RH: Points live · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.041%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.067%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AAPLUSDT	339.02	0.0087	pay 0.0087% / 8h	7h 56m	$6.2M	$3.4M	100x
Short	Lighter RH AAPL	338.92	0.0032	get 0.0004% / 1h	56m 31s	$957K	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$11.55
Price spread: −0.029% → −0.041%: $1.12
Slippage, 4 orders: −$9.36
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$31.79
Costs to cover: 0.214%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Lighter RH: live order book, 2 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, 2 min ago	0.15 bp	10.0 bp −$10	14.6 bp −$146	52.6 bp −$5,264	doesn't fit
Sell Lighter RH live order book, 2 min ago	1.33 bp	1.8 bp −$2	3.8 bp −$38	40.9 bp −$4,090	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	−0.0919%	4h	338.99	−0.009%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0118%	1h	338.93	−0.025%	$557K	$36K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.99	−0.009%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.05	+0.009%	$6.0M	$39.1M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.98	−0.012%	$6.5M	$6.6M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.76	−0.077%	$3.0M	$4.2M	100x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.97	−0.015%	$749	$4.7M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.89	−0.038%	$28K	$66K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.13	+0.032%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.03	+0.003%	$2.1M	$6K	10x	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	+0.0023%	8h	339.04	+0.006%	$13K	$490K	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.88	−0.040%	$771K	$2.3M	20x	as long as short
Lighter RH AAPLshort	+0.0032%	1h	338.92	−0.029%	$957K	$3.6M	20x
Vest AAPL-USD-PERP	+0.0046%	1h	338.73	−0.086%	—	$53K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.90	−0.035%	$40.8M	$76.3M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.83	−0.056%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.89	−0.038%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.62	−0.118%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	338.91	−0.032%	$3.2M	$5.1M	10x	as long as short
Hotstuff AAPL-PERP	+0.0064%	1h	338.92	−0.029%	$36K	—	20x	as long as short
Bitget AAPLUSDTlong	+0.0087%	8h	339.02	long leg	$6.2M	$3.4M	100x
KuCoin AAPLUSDTM	+0.0100%	8h	338.68	−0.100%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.80	−0.065%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.94	−0.024%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.05	+0.008%	$11K	—	10x	as long as short
Variational Omni AAPL	+0.0106%	8h	339.00	−0.004%	$2.4M	$1.4M	—	as long as short
Binance AAPLUSDT	+0.0124%	8h	338.96	−0.017%	$22.3M	$67.0M	25x	as long as short
Extended AAPL_24_5-USD	+0.0128%	1h	338.92	−0.028%	$285K	$1.5M	10x	as long as short
BloFin AAPL-USDT	+0.0145%	8h	339.00	−0.006%	$346K	$170K	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	339.03	+0.003%	$660K	$676K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.80	−0.065%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	339.13	+0.032%	$5K	$8K	20x	as long as short
Arcus AAPL-USD	+0.0406%	1h	338.86	−0.047%	$269K	$70K	20x	as long as short