Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Lighter RH against Aster+0.011%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$490.490% of the position

Long on Aster Short on Lighter RH

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)−0.023%−$2 · spread now +0.011%, 7d avg −0.034%

Together, before fees+0.044%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board+$4 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 RH is 0.045% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AAPLUSDT	339.00	0	get 0.0000% / 8h	37m 59s	$122K	$291K	20x
Short	Lighter RH AAPL	339.04	0.0032	get 0.0004% / 1h	37m 59s	$964K	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Aster. 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 AsterbpFee Lighter RHbpOrdersPrice spread, now +0.011%Rate

Funding earned: $6.72
Price spread: +0.011% → −0.034%: $4.54
Slippage, 4 orders: −$40.96
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$37.7
Costs to cover: 0.490%
Break-even: 46.3 days

Slippage from Aster: live order book, 39 min ago; Lighter RH: 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 Aster live order book, 39 min ago	3.24 bp	26.0 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.18 bp	1.4 bp −$1	3.4 bp −$34	43.1 bp −$4,306	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	−0.0094%	4h	339.07	+0.021%	$81K	$325K	20x	as long as short
Aster AAPLUSDTlong	0.0000%	8h	339.00	long leg	$122K	$291K	20x
Bybit AAPLUSDT	0.0000%	8h	339.14	+0.041%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.08	+0.023%	$6.5M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.88	−0.036%	$3.0M	$4.2M	100x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.13	+0.038%	$532	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.26	+0.076%	$53K	$223K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.16	+0.047%	$2.1M	$7K	10x	as long as short
GRVT AAPL_USDT_Perp	+0.0012%	8h	339.12	+0.035%	$14K	$498K	10x	as long as short
Lighter RH AAPLshort	+0.0032%	1h	339.04	+0.011%	$964K	$3.8M	20x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	+0.0042%	8h	339.12	+0.035%	$6.2M	$3.4M	100x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.74	−0.077%	—	$53K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.94	−0.018%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.97	−0.010%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.83	−0.051%	$1.4M	$2.4M	20x	as long as short
Variational Omni AAPL	+0.0057%	8h	339.14	+0.042%	$2.4M	$1.4M	—	as long as short
QFEX AAPL-USD	+0.0064%	1h	339.03	+0.008%	$3.2M	$5.1M	10x	as long as short
Binance AAPLUSDT	+0.0088%	8h	339.13	+0.038%	$22.4M	$67.0M	25x	as long as short
Extended AAPL_24_5-USD	+0.0088%	1h	339.07	+0.021%	$285K	$1.5M	10x	as long as short
Lighter AAPL	+0.0088%	1h	339.01	+0.002%	$773K	$2.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.85	−0.045%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.75	−0.074%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.99	−0.004%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.09	+0.025%	$11K	—	10x	as long as short
BloFin AAPL-USDT	+0.0110%	8h	339.07	+0.020%	$350K	$167K	20x	as long as short
Nado AAPL-PERP	+0.0122%	1h	338.83	−0.050%	$556K	$33K	20x	as long as short
Hotstuff AAPL-PERP	+0.0128%	1h	338.98	−0.007%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0192%	1h	339.03	+0.008%	$660K	$677K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0201%	1h	338.98	−0.007%	$40.9M	$76.2M	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.55	+0.162%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	339.15	+0.044%	$2K	$8K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0340%	1h	339.02	+0.005%	$28K	$66K	10x	as long as short
Arcus AAPL-USD	+0.0397%	1h	338.98	−0.007%	$270K	$70K	20x	as long as short