Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.001%

Price spread now: Variational Omni against Lighter RH+0.034%7-day average +0.046% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.025%−$2 on $10k

Price spread, last 7 days−0.031%−$3 · spread now +0.034%, 7d avg +0.046%

Together, before fees−0.056%+ Points / potential airdropLighter RH: Points live · Variational Omni: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.046%, 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	339.92	0.0032	pay 0.0004% / 1h	1m 44s	$986K	$3.3M	20x
Short	Variational Omni AAPL	340.04	0	get 0.0000% / 8h	7h 01m	$2.5M	$1.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.034%Rate

Funding earned: −$6.72
Price spread: +0.034% → +0.046%: −$1.26
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.98
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter RH: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

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	0.44 bp	0.8 bp −$1	4.4 bp −$44	44.8 bp −$4,483	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.03 bp	doesn't fit	6.2 bp −$62	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	−0.0477%	4h	339.98	+0.019%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0019%	1h	339.86	−0.018%	$556K	$35K	20x	as long as short
BloFin AAPL-USDT	−0.0003%	8h	339.93	+0.003%	$346K	$166K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.90	−0.006%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.90	−0.006%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	340.00	+0.023%	$22.1M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	340.01	+0.026%	$6.5M	$224.6M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.96	+0.012%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.77	−0.044%	$3.0M	$6.7M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.94	+0.006%	$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 AAPLshort	0.0000%	8h	340.04	+0.034%	$2.5M	$1.2M	—
GRVT AAPL_USDT_Perp	0.0000%	8h	340.04	+0.035%	$22K	$345K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.86	−0.018%	$585	$4.3M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.83	−0.026%	$28K	$70K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	340.12	+0.059%	$62K	$242K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.96	+0.012%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0010%	1h	339.87	−0.015%	$3.3M	$4.2M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.56	−0.106%	$660K	$652K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.94	+0.006%	$928K	$2.6M	20x	as long as short
Lighter RH AAPLlong	+0.0032%	1h	339.92	long leg	$986K	$3.3M	20x
Arcus AAPL-USD	+0.0040%	1h	339.85	−0.021%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.75	−0.050%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.88	−0.012%	$40.4M	$76.7M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.84	−0.024%	$279K	$350K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.88	−0.012%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.75	−0.050%	$1.3M	$2.2M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.79	−0.038%	$1.4M	$98K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.85	−0.021%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.84	−0.024%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.81	−0.031%	$11K	$102	10x	as long as short
Hotstuff AAPL-PERP	+0.0168%	1h	339.86	−0.018%	$36K	—	20x	as long as short
Phoenix AAPL	+0.0212%	1h	340.09	+0.050%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.35	+0.127%	$192K	$44K	30x	as long as short