Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter against HTX−0.053%7-day average −0.063% · 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−$190.191% of the position

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.053%, 7d avg −0.063%

Together, before fees+0.115%+ Points / potential airdropLighter: Season 3 · farm board+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.063%, 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	HTX AAPL-USDT	340.20	0	get 0.0000% / 8h	7h 52m	$62K	$244K	30x
Short	Lighter AAPL	340.02	0.0032	get 0.0004% / 1h	52m 39s	$932K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now −0.053%Rate

Funding earned: $6.72
Price spread: −0.053% → −0.063%: $0.99
Slippage, 4 orders: −$7.11
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$11.41
Costs to cover: 0.191%
Break-even: 18.9 days

Slippage from HTX: live order book, 44 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 HTX live order book, 44 min ago	1.32 bp	10.2 bp −$10	11.4 bp −$114	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.54 bp	0.9 bp −$1	1.7 bp −$17	42.0 bp −$4,200	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	−0.0221%	4h	339.87	−0.098%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0023%	1h	339.97	−0.069%	$557K	$36K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.95	−0.075%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.98	−0.063%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	340.06	−0.041%	$22.2M	$67.3M	25x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	340.07	−0.038%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.90	−0.088%	$3.0M	$5.6M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	340.09	−0.032%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.93	−0.081%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.82	−0.112%	$13K	$349K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AAPL-USDT	0.0000%	8h	340.17	−0.009%	$565	$4.4M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.93	−0.079%	$28K	$69K	10x	as long as short
HTX AAPL-USDTlong	0.0000%	8h	340.20	long leg	$62K	$244K	30x
Phemex AAPLUSDT	0.0000%	4h	340.08	−0.035%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0010%	1h	339.98	−0.065%	$3.2M	$4.2M	10x	as long as short
BloFin AAPL-USDT	+0.0019%	8h	340.00	−0.059%	$345K	$167K	20x	as long as short
Bybit AAPLUSDT	+0.0021%	8h	340.19	−0.003%	$6.3M	$176.4M	100x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.92	−0.082%	$663K	$658K	10x	as long as short
Lighter AAPLshort	+0.0032%	1h	340.02	−0.053%	$932K	$2.6M	20x
Lighter RH AAPL	+0.0032%	1h	339.99	−0.062%	$954K	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	340.06	−0.041%	$267K	$59K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.87	−0.097%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.88	−0.094%	$279K	$415K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	340.03	−0.050%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.82	−0.112%	$1.3M	$2.4M	20x	as long as short
Hotstuff AAPL-PERP	+0.0064%	1h	339.90	−0.088%	$36K	—	20x	as long as short
tradeXYZ xyz:AAPL	+0.0067%	1h	339.97	−0.068%	$40.5M	$76.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.88	−0.094%	$1.4M	$59K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.84	−0.106%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.98	−0.065%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.99	−0.063%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.94	−0.076%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.70	+0.147%	$192K	$44K	30x	as long as short