Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: OKX against Lighter RH+0.009%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$170.167% of the position

Long on Lighter RH Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 7 days−0.048%−$5 · spread now +0.009%, 7d avg +0.009%

Together, before fees−0.126%+ Points / potential airdropLighter RH: Points live · farm board−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.009%, 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	339.56	0.0032	pay 0.0004% / 1h	7m 18s	$1.0M	$3.2M	20x
Short	OKX AAPL-USDT-SWAP	339.59	0	get 0.0000% / 8h	5h 07m	$6.3M	$6.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$6.72
Price spread: +0.009% → +0.009%: −$0.02
Slippage, 4 orders: −$6.72
Fee Lighter RH: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$23.46
Costs to cover: 0.167%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; OKX: 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	1.5 bp −$2	5.9 bp −$59	50.3 bp −$5,028	doesn't fit
Sell OKX live order book, 4 min ago	0.15 bp	6.1 bp −$6	11.5 bp −$115	doesn't fit	doesn't fit

AAPL on 33 exchanges

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
Hotstuff AAPL-PERP	−0.1600%	1h	339.45	−0.032%	$36K	—	20x	as long as short
edgeX AAPLUSDC	−0.0050%	4h	339.52	−0.012%	$81K	$327K	20x	as long as short
BloFin AAPL-USDT	−0.0004%	8h	339.66	+0.029%	$349K	$165K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.51	−0.015%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.55	−0.003%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.66	+0.029%	$22.2M	$66.9M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.52	−0.012%	$6.6M	$283.5M	100x	as long as short
OKX AAPL-USDT-SWAPshort	0.0000%	8h	339.59	+0.009%	$6.3M	$6.7M	25x
Gate AAPL_USDT	0.0000%	8h	339.45	−0.032%	$3.0M	$7.3M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.65	+0.027%	$6.2M	$3.5M	100x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.58	+0.007%	$2.5M	$1.3M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.62	+0.018%	$12K	$339K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.65	+0.027%	$778	$4.1M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.72	+0.047%	$62K	$241K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.71	+0.044%	$2.1M	$7K	10x	as long as short
Nado AAPL-PERP	+0.0025%	1h	339.48	−0.022%	$556K	$28K	20x	as long as short
QFEX AAPL-USD	+0.0026%	1h	339.55	−0.003%	$3.3M	$4.2M	10x	as long as short
Lighter RH AAPLlong	+0.0032%	1h	339.56	long leg	$1.0M	$3.2M	20x
Arcus AAPL-USD	+0.0040%	1h	339.43	−0.038%	$267K	$48K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.44	−0.035%	—	$45K	25x	as long as short
Lighter AAPL	+0.0048%	1h	339.57	+0.003%	$925K	$2.5M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.53	−0.009%	$279K	$347K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.53	−0.009%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.43	−0.038%	$1.3M	$2.2M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0075%	1h	339.53	−0.009%	$40.6M	$76.7M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0080%	1h	339.59	+0.009%	$660K	$623K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.39	−0.050%	$1.4M	$191K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.48	−0.024%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.48	−0.024%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.48	−0.024%	$11K	$102	10x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0133%	1h	339.53	−0.009%	$28K	$69K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.90	+0.100%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0235%	1h	339.63	+0.021%	$5K	$12K	20x	as long as short