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 0.000%

Price spread now: Lighter against Variational Omni−0.028%7-day average −0.070% · you buy dearer than you sell

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

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.027%+$3 on $10k

Price spread, last 7 days−0.025%−$2 · spread now −0.028%, 7d avg −0.070%

Together, before fees+0.003%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board$0 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 0.041% dearer against Variational Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AAPL	339.92	0	get 0.0000% / 8h	7h 55m	$2.5M	$1.2M	—
Short	Lighter AAPL	339.82	0.0032	get 0.0004% / 1h	55m 58s	$942K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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 Variational OmnibpFee LighterbpOrdersPrice spread, now −0.028%Rate

Funding earned: $6.72
Price spread: −0.028% → −0.070%: $4.14
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $10.86
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Lighter: live order book, 6 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 Variational Omni RFQ quote, 3 min ago	2.03 bp	doesn't fit	5.7 bp −$57	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	0.25 bp	0.6 bp −$1	2.2 bp −$22	30.4 bp −$3,038	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	−0.0495%	4h	339.85	−0.019%	$81K	$329K	20x	as long as short
Nado AAPL-PERP	−0.0014%	1h	339.74	−0.052%	$556K	$36K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.83	−0.026%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.83	−0.025%	$286K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.90	−0.004%	$22.2M	$67.1M	25x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.92	+0.001%	$6.3M	$6.9M	25x	as long as short
Hotstuff AAPL-PERP	0.0000%	1h	339.65	−0.078%	$36K	—	20x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.71	−0.060%	$3.0M	$5.5M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.89	−0.007%	$6.2M	$3.4M	100x	as long as short
Variational Omni AAPLlong	0.0000%	8h	339.92	long leg	$2.5M	$1.2M	—

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	339.82	−0.028%	$13K	$349K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.92	+0.001%	$942	$4.4M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.77	−0.043%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	340.02	+0.031%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.92	+0.001%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0010%	1h	339.87	−0.013%	$3.2M	$4.2M	10x	as long as short
BloFin AAPL-USDT	+0.0019%	8h	339.83	−0.025%	$346K	$167K	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.55	−0.107%	$660K	$652K	10x	as long as short
Lighter AAPLshort	+0.0032%	1h	339.82	−0.028%	$942K	$2.6M	20x
Lighter RH AAPL	+0.0032%	1h	339.79	−0.037%	$952K	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.82	−0.028%	$267K	$59K	20x	as long as short
Bybit AAPLUSDT	+0.0045%	8h	339.99	+0.022%	$6.3M	$173.4M	100x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.70	−0.063%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.45	−0.137%	$279K	$416K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.77	−0.043%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.73	−0.054%	$1.3M	$2.3M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0079%	1h	339.76	−0.046%	$40.6M	$76.2M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.69	−0.066%	$1.4M	$57K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.73	−0.054%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.82	−0.028%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.81	−0.032%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.69	−0.066%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	339.94	+0.007%	$5K	$12K	20x	as long as short