Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Lighter against Lighter RH−0.014%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$4as in the Price arb table

costs, in and out, $10k−$50.049% of the position

Long on Lighter RH Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 7 days−0.019%−$2 · spread now −0.014%, 7d avg −0.024%

Together, before fees−0.017%+ Points / potential airdropLighter RH: Points live · Lighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH AAPL	338.88	0.0032	pay 0.0004% / 1h	40m 57s	$954K	$3.5M	20x
Short	Lighter AAPL	338.83	0.0032	get 0.0004% / 1h	40m 57s	$744K	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → −0.024%: $1
Slippage, 4 orders: −$4.91
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$3.91
Costs to cover: 0.049%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; Lighter: live order book, 11 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	1.7 bp −$2	7.1 bp −$71	60.1 bp −$6,006	doesn't fit
Sell Lighter live order book, 11 min ago	0.16 bp	1.0 bp −$1	1.8 bp −$18	42.8 bp −$4,278	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	−0.0989%	4h	338.90	+0.007%	$81K	$325K	20x	as long as short
Nado AAPL-PERP	−0.0066%	1h	338.80	−0.023%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.97	+0.027%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.97	+0.027%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.98	+0.030%	$6.4M	$6.6M	25x	as long as short
Hotstuff AAPL-PERP	0.0000%	1h	338.88	0.000%	$36K	—	20x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.76	−0.035%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.99	+0.032%	$6.2M	$3.4M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.87	−0.002%	$17K	$433K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.94	+0.018%	$691	$4.7M	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AAPL-USDT	0.0000%	8h	339.04	+0.047%	$52K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.95	+0.021%	$2.1M	$6K	10x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0016%	1h	338.84	−0.012%	$28K	$67K	10x	as long as short
QFEX AAPL-USD	+0.0028%	1h	338.94	+0.018%	$3.2M	$4.9M	10x	as long as short
Variational Omni AAPL	+0.0031%	8h	338.95	+0.022%	$2.4M	$1.4M	—	as long as short
Lighter AAPLshort	+0.0032%	1h	338.83	−0.014%	$744K	$2.3M	20x
Lighter RH AAPLlong	+0.0032%	1h	338.88	long leg	$954K	$3.5M	20x
Arcus AAPL-USD	+0.0040%	1h	338.83	−0.015%	$269K	$70K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.71	−0.050%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.68	−0.059%	$261K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.89	+0.003%	$75K	$3K	10x	as long as short
BloFin AAPL-USDT	+0.0050%	8h	338.91	+0.009%	$347K	$169K	20x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.71	−0.050%	$1.4M	$2.4M	20x	as long as short
Binance AAPLUSDT	+0.0063%	8h	338.93	+0.016%	$22.2M	$66.8M	25x	as long as short
Extended AAPL_24_5-USD	+0.0064%	1h	338.87	−0.004%	$284K	$2.0M	10x	as long as short
tradeXYZ xyz:AAPL	+0.0096%	1h	338.90	+0.006%	$40.8M	$75.8M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.69	−0.056%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.69	−0.056%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.85	−0.009%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.86	−0.006%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0136%	1h	338.51	−0.109%	$655K	$665K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.71	−0.050%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	338.95	+0.021%	$5K	$11K	20x	as long as short