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: SunX against Lighter RH+0.062%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$1021.018% of the position

Long on Lighter RH Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.062%, 7d avg +0.029%

Together, before fees−0.139%+ Points / potential airdropLighter RH: Points live · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.033% dearer against Lighter RH than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of +0.029%): +$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 3.4 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	46m 57s	$946K	$3.6M	20x
Short	SunX AAPL-USDT	339.03	0	get 0.0000% / 8h	3h 46m	$539	$4.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$6.72
Price spread: +0.062% → +0.029%: $3.27
Slippage, 4 orders: −$93.79
Fee Lighter RH: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$105.24
Costs to cover: 1.018%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 1 min ago; SunX: live order book, 12 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, 1 min ago	0.88 bp	1.4 bp −$1	5.5 bp −$55	45.9 bp −$4,590	doesn't fit
Sell SunX live order book, 12 min ago	44.71 bp	49.2 bp −$49	doesn't fit	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	−0.0430%	4h	338.85	+0.008%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0120%	1h	338.85	+0.010%	$554K	$38K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0016%	1h	338.70	−0.035%	$28K	$67K	10x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.89	+0.021%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.91	+0.028%	$284K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.01	+0.056%	$21.9M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.95	+0.038%	$6.5M	$60.6M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.03	+0.062%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.73	−0.027%	$3.0M	$4.3M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.01	+0.056%	$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	338.92	+0.028%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.85	+0.009%	$16K	$411K	10x	as long as short
SunX AAPL-USDTshort	0.0000%	8h	339.03	+0.062%	$539	$4.6M	20x
HTX AAPL-USDT	0.0000%	8h	339.10	+0.083%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.00	+0.053%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0027%	8h	339.02	+0.059%	$340K	$168K	20x	as long as short
QFEX AAPL-USD	+0.0030%	1h	338.97	+0.044%	$3.2M	$4.5M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.81	−0.002%	$782K	$2.4M	20x	as long as short
Lighter RH AAPLlong	+0.0032%	1h	338.82	long leg	$946K	$3.6M	20x
Arcus AAPL-USD	+0.0040%	1h	338.81	−0.003%	$266K	$65K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.82	0.000%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.84	+0.006%	$40.5M	$76.0M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.84	+0.006%	$278K	$405K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.85	+0.009%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.67	−0.044%	$1.3M	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	338.78	−0.012%	$661K	$657K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.69	−0.038%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.75	−0.021%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.88	+0.018%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.87	+0.015%	$11K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0136%	1h	338.91	+0.027%	$36K	—	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.63	−0.056%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	338.90	+0.024%	$5K	$11K	20x	as long as short