Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h −0.034%

Price spread now: KuCoin against Lighter−0.044%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1201.204% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 7 days+0.046%+$5 · spread now −0.044%, 7d avg −0.008%

Together, before fees−0.015%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.036% cheaper against Lighter than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of −0.008%). If the spread goes back, that is −$4 on $10k: about 42 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.061%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAPL	339.65	0.0032	pay 0.0004% / 1h	46m 34s	$908K	$2.6M	20x
Short	KuCoin AAPLUSDTM	339.50	0.0100	get 0.0100% / 8h	1h 46m	$1.4M	$39K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.044%Rate

Funding earned: $14.28
Price spread: −0.044% → −0.008%: −$3.6
Slippage, 4 orders: −$108.39
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$109.71
Costs to cover: 1.204%
Break-even: 60.8 days

Slippage from Lighter: live order book, 5 min ago; KuCoin: live order book, 9 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, 5 min ago	0.43 bp	0.8 bp −$1	1.8 bp −$18	27.1 bp −$2,712	doesn't fit
Sell KuCoin live order book, 9 min ago	6.18 bp	65.5 bp −$66	doesn't fit	doesn't fit	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	−0.0869%	4h	339.71	+0.016%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0044%	1h	339.64	−0.004%	$556K	$38K	20x	as long as short
BloFin AAPL-USDT	−0.0002%	8h	339.79	+0.041%	$341K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.62	−0.008%	$121K	$293K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.63	−0.007%	$288K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.72	+0.020%	$22.1M	$67.7M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.73	+0.023%	$7.0M	$106.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.74	+0.026%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.49	−0.047%	$3.0M	$5.0M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.77	+0.035%	$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	339.73	+0.022%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.70	+0.014%	$16K	$402K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.78	+0.038%	$673	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.62	−0.009%	$28K	$68K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.91	+0.076%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.76	+0.032%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.67	+0.006%	$3.2M	$4.3M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.55	−0.030%	$660K	$656K	10x	as long as short
Lighter AAPLlong	+0.0032%	1h	339.65	long leg	$908K	$2.6M	20x
Lighter RH AAPL	+0.0032%	1h	339.64	−0.003%	$951K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.63	−0.006%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.49	−0.047%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.61	−0.012%	$280K	$417K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.67	+0.006%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.44	−0.062%	$1.3M	$2.4M	20x	as long as short
Hotstuff AAPL-PERP	+0.0072%	1h	339.68	+0.009%	$36K	—	20x	as long as short
tradeXYZ xyz:AAPL	+0.0079%	1h	339.60	−0.015%	$40.6M	$76.6M	20x	as long as short
KuCoin AAPLUSDTMshort	+0.0100%	8h	339.50	−0.044%	$1.4M	$39K	20x
ApeX Omni AAPLUSDT	+0.0100%	1h	339.64	−0.003%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.63	−0.006%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.68	+0.007%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.87	+0.064%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.46	−0.056%	$191K	$44K	30x	as long as short