Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: GRVT against Lighter RH+0.059%7-day average +0.033% · 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−$160.164% of the position

Long on Lighter RH Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 3 days (all we have)+0.017%+$2 · spread now +0.059%, 7d avg +0.033%

Together, before fees−0.050%+ Points / potential airdropLighter RH: Points live · GRVT: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.026% dearer against Lighter RH than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of +0.033%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.7 days.

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	54m 57s	$957K	$3.6M	20x
Short	GRVT AAPL_USDT_Perp	339.02	0	get 0.0000% / 8h	7h 54m	$13K	$490K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$6.72
Price spread: +0.059% → +0.033%: $2.63
Slippage, 4 orders: −$7.42
Fee Lighter RH: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$20.52
Costs to cover: 0.164%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 min ago; GRVT: 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, 3 min ago	1.33 bp	2.4 bp −$2	7.6 bp −$76	53.9 bp −$5,389	doesn't fit
Sell GRVT live order book, 18 min ago	1.33 bp	5.9 bp −$6	11.1 bp −$111	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	−0.0585%	4h	338.92	+0.029%	$81K	$325K	20x	as long as short
Nado AAPL-PERP	−0.0116%	1h	338.90	+0.025%	$557K	$36K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.96	+0.041%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.97	+0.044%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.92	+0.030%	$6.5M	$6.6M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.67	−0.044%	$3.0M	$4.2M	100x	as long as short
GRVT AAPL_USDT_Perpshort	0.0000%	8h	339.02	+0.059%	$13K	$490K	10x
SunX AAPL-USDT	0.0000%	8h	338.92	+0.030%	$671	$4.7M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.80	−0.006%	$28K	$66K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	338.97	+0.044%	$53K	$224K	30x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AAPLUSDT	0.0000%	4h	338.98	+0.047%	$2.1M	$6K	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.79	−0.009%	$770K	$2.3M	20x	as long as short
Lighter RH AAPLlong	+0.0032%	1h	338.82	long leg	$957K	$3.6M	20x
Vest AAPL-USD-PERP	+0.0046%	1h	338.69	−0.038%	—	$53K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.80	−0.006%	$40.8M	$76.3M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.82	0.000%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.80	−0.006%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.62	−0.059%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	338.90	+0.024%	$3.2M	$5.1M	10x	as long as short
Hotstuff AAPL-PERP	+0.0080%	1h	338.90	+0.024%	$36K	—	20x	as long as short
Bitget AAPLUSDT	+0.0086%	8h	338.93	+0.032%	$6.2M	$3.4M	100x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.66	−0.047%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.88	+0.018%	$947K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.85	+0.009%	$4K	—	10x	as long as short
Variational Omni AAPL	+0.0104%	8h	338.99	+0.049%	$2.4M	$1.4M	—	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.02	+0.060%	$11K	—	10x	as long as short
Extended AAPL_24_5-USD	+0.0120%	1h	338.85	+0.008%	$285K	$1.5M	10x	as long as short
Binance AAPLUSDT	+0.0124%	8h	338.92	+0.029%	$22.3M	$67.0M	25x	as long as short
BloFin AAPL-USDT	+0.0144%	8h	338.94	+0.035%	$346K	$170K	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	339.03	+0.062%	$660K	$675K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.80	−0.006%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	339.01	+0.056%	$5K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0406%	1h	338.86	+0.012%	$269K	$70K	20x	as long as short