Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0143%/8h= +15.7% APRpaid last 24h +0.214%

Price spread now: Lighter RH against edgeX−0.035%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs+$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on edgeX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.615%+$61 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now −0.035%, 7d avg −0.019%

Together, before fees+0.533%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board+$53 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAPLUSDC	339.90	−0.0111	get 0.0056% / 4h	2h 55m	$81K	$325K	20x
Short	Lighter RH AAPL	339.78	0.0032	get 0.0004% / 1h	55m 26s	$986K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against edgeX. 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 edgeXbpFee Lighter RHbpOrdersPrice spread, now −0.035%Rate

Funding earned: $30.11
Price spread: −0.035% → −0.019%: −$1.56
Slippage, 4 orders: −$15.04
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $4.51
Costs to cover: 0.240%
Break-even: 6.0 days

Slippage from edgeX: live order book, 38 min ago; Lighter RH: live order book, 3 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 edgeX live order book, 38 min ago	2.65 bp	7.5 bp −$8	15.2 bp −$152	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.32 bp	1.5 bp −$2	4.0 bp −$40	41.5 bp −$4,152	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 AAPLUSDClong	−0.0111%	4h	339.90	long leg	$81K	$325K	20x
Nado AAPL-PERP	−0.0051%	1h	339.76	−0.042%	$556K	$35K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.86	−0.010%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.68	−0.064%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.78	−0.035%	$22.1M	$67.2M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.90	0.000%	$6.4M	$231.6M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.86	−0.011%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.69	−0.061%	$3.0M	$6.8M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.81	−0.026%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.85	−0.016%	$2.5M	$1.2M	—	as long as short

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	339.99	+0.026%	$22K	$345K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.92	+0.006%	$673	$4.3M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.67	−0.067%	$28K	$70K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.97	+0.021%	$62K	$242K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.93	+0.009%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0005%	8h	339.97	+0.021%	$346K	$166K	20x	as long as short
QFEX AAPL-USD	+0.0031%	1h	339.75	−0.044%	$3.3M	$4.3M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.80	−0.030%	$928K	$2.6M	20x	as long as short
Lighter RH AAPLshort	+0.0032%	1h	339.78	−0.035%	$986K	$3.1M	20x
Vest AAPL-USD-PERP	+0.0046%	1h	339.66	−0.070%	—	$45K	25x	as long as short
Hotstuff AAPL-PERP	+0.0048%	1h	339.74	−0.047%	$36K	—	20x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.78	−0.035%	$40.4M	$76.7M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.74	−0.047%	$279K	$350K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.78	−0.035%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.60	−0.088%	$1.3M	$2.2M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0056%	1h	339.97	+0.021%	$661K	$653K	10x	as long as short
Arcus AAPL-USD	+0.0082%	1h	339.73	−0.050%	$267K	$60K	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.71	−0.056%	$1.4M	$105K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.84	−0.017%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.76	−0.041%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.72	−0.052%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.97	+0.021%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.35	+0.133%	$192K	$44K	30x	as long as short