Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against HTX−0.071%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on HTX 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 4 days (all we have)+0.102%+$10 · spread now −0.071%, 7d avg −0.051%

Together, before fees+0.169%+ Points / potential airdropLighter RH: Points live · farm board+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.051%, 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	339.12	0	get 0.0000% / 8h	4h 23m	$52K	$225K	30x
Short	Lighter RH AAPL	338.88	0.0032	get 0.0004% / 1h	23m 51s	$947K	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.071%Rate

Funding earned: $6.72
Price spread: −0.071% → −0.051%: −$1.97
Slippage, 4 orders: −$13.6
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$20.85
Costs to cover: 0.256%
Break-even: 28.7 days

Slippage from HTX: live order book, 33 min ago; Lighter RH: 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, 33 min ago	2.80 bp	8.8 bp −$9	10.8 bp −$108	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.48 bp	2.0 bp −$2	3.4 bp −$34	46.1 bp −$4,608	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	−0.0979%	4h	338.89	−0.069%	$81K	$326K	20x	as long as short
BloFin AAPL-USDT	−0.0022%	8h	338.96	−0.047%	$342K	$168K	20x	as long as short
Nado AAPL-PERP	−0.0021%	1h	338.85	−0.080%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.83	−0.084%	$122K	$290K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.89	−0.067%	$284K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.98	−0.041%	$22.1M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.92	−0.059%	$5.9M	$39.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.02	−0.029%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.71	−0.121%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.02	−0.029%	$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	339.00	−0.037%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.92	−0.060%	$17K	$425K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.02	−0.029%	$315	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.81	−0.091%	$28K	$67K	10x	as long as short
HTX AAPL-USDTlong	0.0000%	8h	339.12	long leg	$52K	$225K	30x
Phemex AAPLUSDT	0.0000%	4h	338.99	−0.038%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0031%	1h	338.96	−0.047%	$3.2M	$4.7M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.85	−0.081%	$781K	$2.5M	20x	as long as short
Lighter RH AAPLshort	+0.0032%	1h	338.88	−0.071%	$947K	$3.6M	20x
Arcus AAPL-USD	+0.0040%	1h	338.86	−0.077%	$266K	$67K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.75	−0.109%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.87	−0.074%	$40.6M	$75.9M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.84	−0.083%	$278K	$420K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.88	−0.071%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.75	−0.109%	$1.3M	$2.5M	20x	as long as short
Hotstuff AAPL-PERP	+0.0072%	1h	338.89	−0.068%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0080%	1h	338.78	−0.100%	$659K	$661K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.85	−0.080%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.73	−0.115%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.89	−0.068%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.89	−0.067%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.71	−0.121%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	338.99	−0.038%	$5K	$11K	20x	as long as short