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 −0.010%

Price spread now: Bybit against Lighter RH+0.038%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$160.155% of the position

Long on Lighter RH Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 7 days−0.033%−$3 · spread now +0.038%, 7d avg +0.020%

Together, before fees−0.110%+ Points / potential airdropLighter RH: Points live · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.020%, 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	338.99	0.0032	pay 0.0004% / 1h	29m 30s	$943K	$3.6M	20x
Short	Bybit AAPLUSDT	339.12	0	get 0.0000% / 8h	3h 29m	$5.9M	$70.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$6.72
Price spread: +0.038% → +0.020%: $1.81
Slippage, 4 orders: −$4.54
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$20.46
Costs to cover: 0.155%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; Bybit: 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 Lighter RH live order book, 4 min ago	1.33 bp	2.2 bp −$2	6.0 bp −$60	49.8 bp −$4,979	doesn't fit
Sell Bybit live order book, 4 min ago	0.15 bp	5.9 bp −$6	8.4 bp −$84	32.5 bp −$3,250	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	−0.0963%	4h	339.14	+0.044%	$81K	$328K	20x	as long as short
Hotstuff AAPL-PERP	−0.0120%	1h	339.01	+0.006%	$36K	—	20x	as long as short
Nado AAPL-PERP	−0.0075%	1h	338.96	−0.009%	$554K	$38K	20x	as long as short
BloFin AAPL-USDT	−0.0014%	8h	339.19	+0.059%	$341K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.01	+0.007%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.04	+0.015%	$287K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.13	+0.041%	$21.9M	$67.1M	25x	as long as short
Bybit AAPLUSDTshort	0.0000%	8h	339.12	+0.038%	$5.9M	$70.0M	100x
OKX AAPL-USDT-SWAP	0.0000%	8h	339.14	+0.044%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.93	−0.018%	$3.0M	$4.4M	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	339.15	+0.047%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.19	+0.060%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.15	+0.048%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.16	+0.050%	$750	$4.6M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.21	+0.065%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.17	+0.053%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0030%	1h	339.06	+0.021%	$3.2M	$4.5M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.97	−0.006%	$783K	$2.4M	20x	as long as short
Lighter RH AAPLlong	+0.0032%	1h	338.99	long leg	$943K	$3.6M	20x
Arcus AAPL-USD	+0.0040%	1h	338.98	−0.003%	$266K	$61K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.85	−0.041%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.03	+0.012%	$40.5M	$76.0M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.02	+0.009%	$278K	$405K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.04	+0.015%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.92	−0.021%	$1.3M	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	338.78	−0.062%	$661K	$657K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.02	+0.009%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.97	−0.006%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.03	+0.012%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.07	+0.023%	$11K	—	10x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0134%	1h	339.02	+0.009%	$28K	$67K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.57	+0.171%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.18	+0.056%	$5K	$11K	20x	as long as short