Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0061%/8h= +6.6% APRpaid last 24h +0.214%

Price spread now: Lighter RH against edgeX−0.018%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs+$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$240.243% of the position

Long on edgeX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.615%+$61 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now −0.018%, 7d avg −0.019%

Together, before fees+0.546%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board+$55 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, 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	edgeX AAPLUSDC	339.75	−0.0029	get 0.0014% / 4h	1h 55m	$81K	$326K	20x
Short	Lighter RH AAPL	339.69	0.0032	get 0.0004% / 1h	55m 10s	$1.0M	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against edgeX. 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 edgeXbpFee Lighter RHbpOrdersPrice spread, now −0.018%Rate

Funding earned: $12.71
Price spread: −0.018% → −0.019%: $0.08
Slippage, 4 orders: −$15.33
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$11.54
Costs to cover: 0.243%
Break-even: 13.4 days

Slippage from edgeX: live order book, 56 min ago; Lighter RH: live order book, 1 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 edgeX live order book, 56 min ago	4.27 bp	9.2 bp −$9	16.0 bp −$160	doesn't fit	doesn't fit
Sell Lighter RH live order book, 1 min ago	1.32 bp	2.1 bp −$2	4.2 bp −$42	45.8 bp −$4,576	doesn't fit

AAPL on 33 exchanges

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
Hotstuff AAPL-PERP	−0.1600%	1h	338.08	−0.492%	$36K	—	20x	as long as short
edgeX AAPLUSDClong	−0.0029%	4h	339.75	long leg	$81K	$326K	20x
BloFin AAPL-USDT	−0.0024%	8h	339.82	+0.020%	$348K	$165K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.78	+0.007%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.70	−0.016%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.81	+0.017%	$22.1M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.78	+0.008%	$6.6M	$281.4M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.77	+0.005%	$6.3M	$6.7M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.63	−0.036%	$3.0M	$7.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.80	+0.014%	$6.2M	$3.5M	100x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.81	+0.018%	$2.5M	$1.3M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.91	+0.046%	$13K	$348K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.81	+0.017%	$445	$4.2M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.95	+0.058%	$62K	$242K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.83	+0.023%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0026%	1h	339.73	−0.007%	$3.2M	$4.2M	10x	as long as short
Lighter RH AAPLshort	+0.0032%	1h	339.69	−0.018%	$1.0M	$3.1M	20x
Arcus AAPL-USD	+0.0040%	1h	339.61	−0.042%	$267K	$52K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.54	−0.062%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.71	−0.012%	$279K	$347K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.67	−0.024%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.68	−0.021%	$1.3M	$2.1M	20x	as long as short
Lighter AAPL	+0.0064%	1h	339.71	−0.013%	$931K	$2.5M	20x	as long as short
Nado AAPL-PERP	+0.0076%	1h	339.62	−0.038%	$556K	$29K	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0080%	1h	339.77	+0.005%	$660K	$655K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0093%	1h	339.67	−0.024%	$40.5M	$76.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.57	−0.054%	$1.4M	$156K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.72	−0.009%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.67	−0.024%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.67	−0.023%	$11K	$102	10x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0133%	1h	339.70	−0.015%	$28K	$70K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.16	+0.120%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0235%	1h	339.84	+0.026%	$5K	$12K	20x	as long as short