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 +0.010%

Price spread now: Lighter against Bybit−0.048%7-day average −0.044% · 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−$14as in the Price arb table

costs, in and out, $10k−$130.132% of the position

Long on Bybit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 7 days0.000%$0 · spread now −0.048%, 7d avg −0.044%

Together, before fees+0.079%+ Points / potential airdropLighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.044%, 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	Bybit AAPLUSDT	339.17	0	get 0.0000% / 8h	2h 52m	$7.0M	$81.5M	100x
Short	Lighter AAPL	339.01	0.0032	get 0.0004% / 1h	52m 40s	$826K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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 BybitbpFee LighterbpOrdersPrice spread, now −0.048%Rate

Funding earned: $6.72
Price spread: −0.048% → −0.044%: −$0.37
Slippage, 4 orders: −$2.24
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$6.89
Costs to cover: 0.132%
Break-even: 14.2 days

Slippage from Bybit: live order book, 1 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 Bybit live order book, 1 min ago	0.15 bp	5.8 bp −$6	10.1 bp −$101	49.8 bp −$4,985	doesn't fit
Sell Lighter live order book, 4 min ago	0.55 bp	0.7 bp −$1	1.9 bp −$19	30.0 bp −$3,001	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	−0.0940%	4h	339.21	+0.010%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0081%	1h	339.06	−0.033%	$555K	$38K	20x	as long as short
Hotstuff AAPL-PERP	−0.0040%	1h	339.07	−0.029%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.06	−0.032%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.15	−0.006%	$278K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.25	+0.022%	$21.9M	$67.1M	25x	as long as short
Bybit AAPLUSDTlong	0.0000%	8h	339.17	long leg	$7.0M	$81.5M	100x
OKX AAPL-USDT-SWAP	0.0000%	8h	339.20	+0.009%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.99	−0.053%	$3.0M	$4.6M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.31	+0.041%	$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	339.29	+0.034%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.30	+0.037%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.21	+0.012%	$438	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.10	−0.021%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.33	+0.047%	$52K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.26	+0.027%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0011%	8h	339.22	+0.015%	$342K	$168K	20x	as long as short
QFEX AAPL-USD	+0.0020%	1h	339.14	−0.009%	$3.2M	$4.4M	10x	as long as short
Lighter AAPLshort	+0.0032%	1h	339.01	−0.048%	$826K	$2.5M	20x
Lighter RH AAPL	+0.0032%	1h	339.02	−0.044%	$940K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.06	−0.032%	$266K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.04	−0.038%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	339.08	−0.027%	$662K	$657K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.04	−0.038%	$40.5M	$76.2M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.06	−0.032%	$277K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.04	−0.038%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.05	−0.035%	$1.3M	$2.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.08	−0.027%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.12	−0.015%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.07	−0.029%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.04	−0.037%	$11K	—	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.29	+0.035%	$5K	$11K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.05	−0.035%	$191K	$44K	30x	as long as short