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 +0.010%

Price spread now: Lighter against SunX−0.011%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$167as in the Price arb table

costs, in and out, $10k−$1701.702% of the position

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 4 days (all we have)−0.015%−$1 · spread now −0.011%, 7d avg −0.040%

Together, before fees+0.054%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.029% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAPL-USDT	340.06	0	get 0.0000% / 8h	7h 52m	$796	$4.4M	20x
Short	Lighter AAPL	340.02	0.0032	get 0.0004% / 1h	52m 05s	$932K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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 SunXbpFee LighterbpOrdersPrice spread, now −0.011%Rate

Funding earned: $6.72
Price spread: −0.011% → −0.040%: $2.89
Slippage, 4 orders: −$162.24
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$160.63
Costs to cover: 1.702%
Break-even: 174.3 days

Slippage from SunX: live order book, 7 min ago; Lighter: live order book, 5 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 SunX live order book, 7 min ago	79.91 bp	84.3 bp −$84	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.54 bp	0.9 bp −$1	1.7 bp −$17	42.0 bp −$4,200	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	−0.0221%	4h	339.87	−0.057%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0016%	1h	339.93	−0.039%	$557K	$36K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.93	−0.037%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.98	−0.022%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	340.07	+0.003%	$22.2M	$67.3M	25x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	340.07	+0.003%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.90	−0.047%	$3.0M	$5.6M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	340.09	+0.009%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.93	−0.040%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.82	−0.071%	$13K	$349K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AAPL-USDTlong	0.0000%	8h	340.06	long leg	$796	$4.4M	20x
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.88	−0.053%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	340.09	+0.009%	$62K	$244K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	340.08	+0.006%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0010%	1h	339.98	−0.024%	$3.2M	$4.2M	10x	as long as short
BloFin AAPL-USDT	+0.0019%	8h	340.00	−0.018%	$345K	$167K	20x	as long as short
Bybit AAPLUSDT	+0.0021%	8h	340.20	+0.041%	$7.7M	$177.1M	100x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.92	−0.041%	$663K	$658K	10x	as long as short
Lighter AAPLshort	+0.0032%	1h	340.02	−0.011%	$932K	$2.6M	20x
Lighter RH AAPL	+0.0032%	1h	339.99	−0.021%	$955K	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.98	−0.024%	$267K	$59K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.79	−0.079%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.82	−0.071%	$279K	$400K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	340.02	−0.012%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.82	−0.071%	$1.3M	$2.4M	20x	as long as short
Hotstuff AAPL-PERP	+0.0064%	1h	339.90	−0.047%	$36K	—	20x	as long as short
tradeXYZ xyz:AAPL	+0.0073%	1h	340.00	−0.018%	$40.5M	$76.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.90	−0.047%	$1.4M	$60K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.84	−0.065%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.95	−0.032%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.96	−0.030%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.94	−0.035%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.70	+0.188%	$192K	$44K	30x	as long as short