Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.007%

Price spread now: Lighter RH against GRVT−0.042%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

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

costs, in and out, $10k−$190.194% of the position

Long on GRVT Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 4 days (all we have)−0.035%−$3 · spread now −0.042%, 7d avg −0.034%

Together, before fees+0.030%+ Points / potential airdropGRVT: Active · Lighter RH: Points live · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.034%, 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	GRVT AAPL_USDT_Perp	339.66	0	get 0.0000% / 8h	1h 55m	$16K	$402K	10x
Short	Lighter RH AAPL	339.52	0.0032	get 0.0004% / 1h	55m 34s	$945K	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against GRVT. 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 GRVTbpFee Lighter RHbpOrdersPrice spread, now −0.042%Rate

Funding earned: $6.72
Price spread: −0.042% → −0.034%: −$0.79
Slippage, 4 orders: −$10.42
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$13.49
Costs to cover: 0.194%
Break-even: 21.1 days

Slippage from GRVT: live order book, 52 min ago; Lighter RH: live order book, 3 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 GRVT live order book, 52 min ago	1.03 bp	8.9 bp −$9	14.1 bp −$141	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	2.21 bp	2.4 bp −$2	4.0 bp −$40	43.2 bp −$4,324	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	−0.0382%	4h	339.70	+0.011%	$81K	$325K	20x	as long as short
Nado AAPL-PERP	−0.0075%	1h	339.49	−0.051%	$555K	$38K	20x	as long as short
BloFin AAPL-USDT	−0.0027%	8h	339.72	+0.017%	$340K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.50	−0.048%	$121K	$293K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.53	−0.038%	$288K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.62	−0.012%	$22.1M	$67.7M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.65	−0.003%	$7.0M	$101.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.69	+0.008%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.39	−0.080%	$3.0M	$4.9M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.74	+0.023%	$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	339.65	−0.002%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perplong	0.0000%	8h	339.66	long leg	$16K	$402K	10x
SunX AAPL-USDT	0.0000%	8h	339.64	−0.006%	$951	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.51	−0.045%	$28K	$68K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.77	+0.032%	$62K	$244K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.74	+0.023%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.62	−0.012%	$3.2M	$4.3M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.55	−0.033%	$660K	$657K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.52	−0.040%	$908K	$2.6M	20x	as long as short
Lighter RH AAPLshort	+0.0032%	1h	339.52	−0.042%	$945K	$3.6M	20x
Arcus AAPL-USD	+0.0040%	1h	339.55	−0.033%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.43	−0.068%	—	$45K	25x	as long as short
Hotstuff AAPL-PERP	+0.0048%	1h	339.67	+0.003%	$36K	—	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.56	−0.030%	$280K	$416K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.55	−0.033%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.44	−0.065%	$1.3M	$2.4M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0070%	1h	339.56	−0.030%	$40.6M	$76.6M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.35	−0.092%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.47	−0.056%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.51	−0.045%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.52	−0.042%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.77	+0.032%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.52	−0.042%	$191K	$44K	30x	as long as short