Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.013%

Price spread now: OKX against Lighter+0.034%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$120.119% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 7 days−0.054%−$5 · spread now +0.034%, 7d avg +0.029%

Together, before fees−0.134%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAPL	338.99	0.0056	pay 0.0007% / 1h	14m 29s	$772K	$2.5M	20x
Short	OKX AAPL-USDT-SWAP	339.10	0	get 0.0000% / 8h	1h 14m	$6.6M	$6.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$11.76
Price spread: +0.034% → +0.029%: $0.51
Slippage, 4 orders: −$1.93
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$23.18
Costs to cover: 0.119%
Break-even: never at this rate

Slippage from Lighter: live order book, 7 min ago; OKX: 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 Lighter live order book, 7 min ago	0.32 bp	0.6 bp −$1	2.0 bp −$20	50.8 bp −$5,082	doesn't fit
Sell OKX live order book, 3 min ago	0.15 bp	5.2 bp −$5	6.9 bp −$69	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	−0.0896%	4h	339.04	+0.015%	$81K	$327K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.12	+0.039%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.02	+0.010%	$285K	$1.5M	10x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.14	+0.046%	$6.1M	$39.8M	100x	as long as short
OKX AAPL-USDT-SWAPshort	0.0000%	8h	339.10	+0.034%	$6.6M	$6.9M	25x
Gate AAPL_USDT	0.0000%	8h	338.90	−0.025%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.08	+0.028%	$6.2M	$3.3M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.07	+0.027%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.10	+0.032%	$14K	$498K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.06	+0.022%	$895	$4.8M	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.82	−0.049%	$28K	$65K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.17	+0.055%	$53K	$222K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.14	+0.046%	$2.1M	$7K	10x	as long as short
Binance AAPLUSDT	+0.0004%	8h	339.11	+0.036%	$22.4M	$67.3M	25x	as long as short
BloFin AAPL-USDT	+0.0028%	8h	339.07	+0.025%	$351K	$168K	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.02	+0.010%	$968K	$3.8M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.72	−0.078%	—	$53K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.89	−0.028%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.97	−0.004%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.74	−0.072%	$1.5M	$2.4M	20x	as long as short
Lighter AAPLlong	+0.0056%	1h	338.99	long leg	$772K	$2.5M	20x
QFEX AAPL-USD	+0.0059%	1h	339.02	+0.010%	$3.2M	$5.1M	10x	as long as short
Nado AAPL-PERP	+0.0080%	1h	338.82	−0.047%	$556K	$34K	20x	as long as short
Hotstuff AAPL-PERP	+0.0080%	1h	338.98	−0.001%	$36K	—	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.84	−0.043%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.73	−0.075%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.93	−0.016%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.99	+0.002%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	339.03	+0.013%	$660K	$677K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0184%	1h	339.00	+0.004%	$40.9M	$76.6M	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.55	+0.167%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0354%	1h	339.08	+0.028%	$2K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0364%	1h	338.99	+0.001%	$270K	$70K	20x	as long as short