Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0032%/8hpaid last 24h +0.010%

Price spread now: Lighter RH against Binance−0.034%7-day average −0.039% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$140.139% of the position

Long on Binance 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 1 day (all we have)−0.030%−$3 · spread now −0.034%, 7d avg −0.039%

Together, before fees+0.038%+ Points / potential airdropLighter RH: Points live · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.039%, 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	Binance AAPLUSDT	339.47	0	get 0.0000% / 8h	4h 23m	$22.3M	$63.3M	25x
Short	Lighter RH AAPL	339.35	0.0032	get 0.0004% / 1h	23m 28s	$980K	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Binance. 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 BinancebpFee Lighter RHbpOrdersPrice spread, now −0.034%Rate

Funding earned: $6.72
Price spread: −0.034% → −0.039%: $0.51
Slippage, 4 orders: −$3.93
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$6.7
Costs to cover: 0.139%
Break-even: 14.0 days

Slippage from Binance: live order book, 8 min ago; Lighter RH: live order book, 4 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 Binance live order book, 8 min ago	0.15 bp	5.1 bp −$5	7.3 bp −$73	21.5 bp −$2,150	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.62 bp	1.8 bp −$2	5.7 bp −$57	52.9 bp −$5,288	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	−0.0413%	4h	339.44	−0.008%	$81K	$325K	20x	as long as short
Hotstuff AAPL-PERP	−0.0032%	1h	339.36	−0.031%	$36K	—	20x	as long as short
KuCoin AAPLUSDTM	−0.0032%	8h	339.12	−0.102%	$1.4M	$26K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.39	−0.022%	$128K	$282K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.42	−0.013%	$286K	$1.5M	10x	as long as short
Binance AAPLUSDTlong	0.0000%	8h	339.47	long leg	$22.3M	$63.3M	25x
Bybit AAPLUSDT	0.0000%	8h	339.51	+0.013%	$6.6M	$24.0M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.40	−0.019%	$6.6M	$6.7M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.18	−0.084%	$3.0M	$3.8M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.46	−0.002%	$6.3M	$3.0M	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	339.44	−0.009%	$2.1M	$1.0M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.39	−0.022%	$12K	$524K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.37	−0.028%	$482	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.58	+0.034%	$53K	$223K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.61	+0.043%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0010%	1h	339.42	−0.013%	$3.3M	$4.6M	10x	as long as short
BloFin AAPL-USDT	+0.0027%	8h	339.41	−0.016%	$316K	$157K	20x	as long as short
Lighter AAPL	+0.0032%	1h	339.37	−0.027%	$711K	$2.4M	20x	as long as short
Lighter RH AAPLshort	+0.0032%	1h	339.35	−0.034%	$980K	$3.9M	20x
Arcus AAPL-USD	+0.0040%	1h	339.39	−0.022%	$270K	$81K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0045%	1h	339.36	−0.031%	$28K	$64K	10x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.19	−0.081%	—	$9K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.30	−0.049%	$267K	$283K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.33	−0.040%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.11	−0.105%	$1.2M	$2.0M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0060%	1h	339.34	−0.037%	$41.3M	$75.6M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0064%	1h	339.35	−0.034%	$663K	$561K	10x	as long as short
Nado AAPL-PERP	+0.0083%	1h	339.26	−0.061%	$557K	$34K	20x	as long as short
Phoenix AAPL	+0.0094%	1h	339.55	+0.025%	$2K	$12K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.22	−0.072%	$948K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.31	−0.046%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.36	−0.030%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.15	−0.093%	$191K	$44K	30x	as long as short