Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.003%

Price spread now: Binance against Lighter+0.023%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$130.125% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 7 days+0.044%+$4 · spread now +0.023%, 7d avg +0.070%

Together, before fees−0.012%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.047% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.070%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAPL	339.12	0.0032	pay 0.0004% / 1h	0m 52s	$818K	$2.5M	20x
Short	Binance AAPLUSDT	339.19	0	get 0.0000% / 8h	3h 00m	$22.0M	$67.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now +0.023%Rate

Funding earned: −$6.72
Price spread: +0.023% → +0.070%: −$4.74
Slippage, 4 orders: −$2.5
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$23.96
Costs to cover: 0.125%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; Binance: live order book, 12 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 Lighter live order book, 6 min ago	0.55 bp	0.8 bp −$1	1.5 bp −$15	25.8 bp −$2,581	doesn't fit
Sell Binance live order book, 12 min ago	0.15 bp	5.8 bp −$6	8.7 bp −$87	27.5 bp −$2,749	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
Deribit AAPL_USDC-PERPETUAL	−0.0281%	1h	338.98	−0.040%	$28K	$67K	10x	as long as short
Nado AAPL-PERP	−0.0097%	1h	339.21	+0.027%	$555K	$38K	20x	as long as short
edgeX AAPLUSDC	−0.0071%	4h	339.13	+0.005%	$81K	$328K	20x	as long as short
BloFin AAPL-USDT	−0.0013%	8h	339.22	+0.031%	$341K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.19	+0.021%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.10	−0.005%	$279K	$1.8M	10x	as long as short
Binance AAPLUSDTshort	0.0000%	8h	339.19	+0.023%	$22.0M	$67.1M	25x
Bybit AAPLUSDT	0.0000%	8h	339.18	+0.019%	$7.0M	$75.6M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.21	+0.028%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.96	−0.046%	$3.0M	$4.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	339.24	+0.037%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.21	+0.029%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.25	+0.040%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.20	+0.025%	$824	$4.6M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.28	+0.049%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.26	+0.043%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0030%	1h	339.08	−0.010%	$3.2M	$4.4M	10x	as long as short
Lighter AAPLlong	+0.0032%	1h	339.12	long leg	$818K	$2.5M	20x
Lighter RH AAPL	+0.0032%	1h	339.11	−0.001%	$939K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.02	−0.028%	$266K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.07	−0.013%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.03	−0.025%	$40.5M	$76.2M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.09	−0.007%	$277K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.09	−0.007%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.03	−0.025%	$1.3M	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	339.08	−0.010%	$662K	$657K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.19	+0.022%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.05	−0.019%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.10	−0.004%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.10	−0.004%	$11K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0144%	1h	339.10	−0.004%	$36K	—	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.96	−0.046%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.27	+0.046%	$5K	$11K	20x	as long as short