Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against Gate+0.050%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on Gate Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 7 days−0.041%−$4 · spread now +0.050%, 7d avg +0.018%

Together, before fees+0.040%+ Points / potential airdropLighter 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 0.032% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AAPL_USDT	339.05	0	get 0.0000% / 8h	3h 15m	$3.0M	$4.5M	100x
Short	Lighter RH AAPL	339.22	0.0032	get 0.0004% / 1h	15m 51s	$939K	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Gate. 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 GatebpFee Lighter RHbpOrdersPrice spread, now +0.050%Rate

Funding earned: $6.72
Price spread: +0.050% → +0.018%: $3.25
Slippage, 4 orders: −$12.25
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$17.28
Costs to cover: 0.272%
Break-even: 25.0 days

Slippage from Gate: live order book, 2 min ago; Lighter RH: live order book, 2 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 Gate live order book, 2 min ago	1.62 bp	12.4 bp −$12	26.8 bp −$268	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	1.18 bp	1.7 bp −$2	3.6 bp −$36	42.7 bp −$4,267	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	−0.0384%	4h	339.22	+0.051%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0082%	1h	339.33	+0.081%	$555K	$38K	20x	as long as short
BloFin AAPL-USDT	−0.0017%	8h	339.38	+0.097%	$341K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.28	+0.068%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.22	+0.051%	$287K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.29	+0.071%	$21.9M	$67.0M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.29	+0.071%	$5.8M	$70.5M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.35	+0.088%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDTlong	0.0000%	8h	339.05	long leg	$3.0M	$4.5M	100x
Bitget AAPLUSDT	0.0000%	8h	339.37	+0.094%	$6.2M	$3.5M	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	339.31	+0.078%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.26	+0.061%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.30	+0.074%	$709	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.24	+0.056%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.44	+0.115%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.35	+0.088%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0030%	1h	339.23	+0.053%	$3.2M	$4.5M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.22	+0.050%	$781K	$2.4M	20x	as long as short
Lighter RH AAPLshort	+0.0032%	1h	339.22	+0.050%	$939K	$3.6M	20x
Arcus AAPL-USD	+0.0040%	1h	339.12	+0.021%	$266K	$61K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.12	+0.021%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.17	+0.035%	$40.5M	$76.1M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.24	+0.056%	$278K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.22	+0.050%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.08	+0.009%	$1.3M	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	338.78	−0.080%	$661K	$656K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.29	+0.071%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.23	+0.053%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.20	+0.044%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.21	+0.047%	$11K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0112%	1h	339.22	+0.050%	$36K	—	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.02	−0.009%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.31	+0.077%	$5K	$11K	20x	as long as short