Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0036%/8h= −4.0% APRpaid last 24h +0.016%

Price spread now: BloFin against Lighter RH+0.035%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$160.160% of the position

Long on Lighter RH Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$4 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.035%, 7d avg +0.038%

Together, before fees+0.014%+ Points / potential airdropLighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.038%, 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	Lighter RH AAPL	338.82	0.0032	pay 0.0004% / 1h	16m 43s	$947K	$3.6M	20x
Short	BloFin AAPL-USDT	338.94	−0.0004	pay 0.0004% / 8h	4h 16m	$342K	$168K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Lighter RH. 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 Lighter RHbpFee BloFinbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$7.63
Price spread: +0.035% → +0.038%: −$0.27
Slippage, 4 orders: −$3.99
Fee Lighter RH: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$23.89
Costs to cover: 0.160%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; BloFin: live order book, 18 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 RH live order book, 2 min ago	1.33 bp	1.8 bp −$2	6.0 bp −$60	50.1 bp −$5,014	doesn't fit
Sell BloFin live order book, 18 min ago	0.15 bp	6.1 bp −$6	7.0 bp −$70	14.4 bp −$1,436	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	−0.0477%	4h	338.87	+0.015%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0020%	1h	338.77	−0.015%	$554K	$38K	20x	as long as short
BloFin AAPL-USDTshort	−0.0004%	8h	338.94	+0.035%	$342K	$168K	20x
Aster AAPLUSDT	0.0000%	8h	338.79	−0.009%	$122K	$290K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.85	+0.008%	$284K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.94	+0.035%	$21.9M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.88	+0.018%	$5.9M	$47.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.90	+0.024%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.66	−0.047%	$3.0M	$4.3M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.97	+0.044%	$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	338.99	+0.049%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.96	+0.040%	$17K	$425K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.94	+0.035%	$400	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.72	−0.030%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.07	+0.074%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.98	+0.047%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0031%	1h	338.87	+0.015%	$3.2M	$4.7M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.80	−0.007%	$783K	$2.5M	20x	as long as short
Lighter RH AAPLlong	+0.0032%	1h	338.82	long leg	$947K	$3.6M	20x
Arcus AAPL-USD	+0.0040%	1h	338.82	0.000%	$266K	$67K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.69	−0.038%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.81	−0.003%	$40.5M	$75.9M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.78	−0.012%	$278K	$422K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.81	−0.003%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.66	−0.047%	$1.3M	$2.5M	20x	as long as short
Hotstuff AAPL-PERP	+0.0056%	1h	338.81	−0.003%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0080%	1h	338.78	−0.012%	$659K	$661K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.82	0.000%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.76	−0.018%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.80	−0.006%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.81	−0.003%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.36	+0.159%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	338.97	+0.044%	$5K	$11K	20x	as long as short