Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.001%

Price spread now: Lighter against Bitget−0.052%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$190.189% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 7 days−0.015%−$2 · spread now −0.052%, 7d avg −0.066%

Together, before fees+0.045%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.066%, 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	Bitget AAPLUSDT	339.87	0	get 0.0000% / 8h	2h 02m	$6.2M	$3.5M	100x
Short	Lighter AAPL	339.69	0.0032	get 0.0004% / 1h	2m 01s	$910K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now −0.052%Rate

Funding earned: $6.72
Price spread: −0.052% → −0.066%: $1.37
Slippage, 4 orders: −$6.92
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$10.82
Costs to cover: 0.189%
Break-even: 18.3 days

Slippage from Bitget: live order book, 1 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 Bitget live order book, 1 min ago	0.15 bp	8.0 bp −$8	12.9 bp −$129	45.7 bp −$4,574	doesn't fit
Sell Lighter live order book, 5 min ago	0.69 bp	0.8 bp −$1	2.0 bp −$20	35.6 bp −$3,564	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	−0.0255%	4h	339.79	−0.024%	$81K	$327K	20x	as long as short
Hotstuff AAPL-PERP	−0.0128%	1h	339.71	−0.047%	$36K	—	20x	as long as short
Nado AAPL-PERP	−0.0112%	1h	339.70	−0.050%	$556K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.71	−0.046%	$121K	$293K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.68	−0.056%	$288K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.78	−0.026%	$22.1M	$67.8M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.79	−0.024%	$7.0M	$99.1M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.79	−0.024%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.54	−0.097%	$3.0M	$4.9M	100x	as long as short
Bitget AAPLUSDTlong	0.0000%	8h	339.87	long leg	$6.2M	$3.5M	100x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.86	−0.004%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.79	−0.022%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.77	−0.029%	$550	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.66	−0.062%	$28K	$68K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.88	+0.003%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.86	−0.003%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0013%	8h	339.83	−0.012%	$339K	$168K	20x	as long as short
QFEX AAPL-USD	+0.0020%	1h	339.67	−0.059%	$3.3M	$4.4M	10x	as long as short
Lighter AAPLshort	+0.0032%	1h	339.69	−0.052%	$910K	$2.6M	20x
Lighter RH AAPL	+0.0032%	1h	339.71	−0.047%	$945K	$3.7M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.65	−0.065%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.57	−0.088%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	339.55	−0.094%	$660K	$658K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.69	−0.053%	$40.6M	$76.6M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.69	−0.053%	$282K	$415K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.69	−0.053%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.52	−0.103%	$1.3M	$2.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.61	−0.076%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.62	−0.074%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.71	−0.047%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.67	−0.060%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.87	0.000%	$5K	$11K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.59	−0.082%	$191K	$44K	30x	as long as short