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 HTX−0.083%7-day average −0.051% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on HTX 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)+0.104%+$10 · spread now −0.083%, 7d avg −0.051%

Together, before fees+0.172%+ Points / potential airdropLighter RH: Points live · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.031% cheaper against HTX than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of −0.051%). If the spread goes back, that is −$3 on $10k: about 3.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAPL-USDT	339.06	0	get 0.0000% / 8h	3h 44m	$53K	$225K	30x
Short	Lighter RH AAPL	338.78	0.0032	get 0.0004% / 1h	44m 43s	$948K	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against HTX. 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 HTXbpFee Lighter RHbpOrdersPrice spread, now −0.083%Rate

Funding earned: $6.72
Price spread: −0.083% → −0.051%: −$3.11
Slippage, 4 orders: −$13.37
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$21.76
Costs to cover: 0.254%
Break-even: 29.7 days

Slippage from HTX: live order book, 7 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 HTX live order book, 7 min ago	2.80 bp	8.8 bp −$9	10.0 bp −$100	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	0.88 bp	1.9 bp −$2	4.3 bp −$43	50.0 bp −$5,002	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	−0.0172%	4h	338.95	−0.032%	$81K	$328K	20x	as long as short
Nado AAPL-PERP	−0.0107%	1h	338.77	−0.084%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.86	−0.060%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.81	−0.073%	$284K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.90	−0.046%	$21.9M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.85	−0.062%	$5.9M	$61.3M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.96	−0.029%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.67	−0.115%	$3.0M	$4.3M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.95	−0.032%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.01	−0.013%	$2.4M	$1.4M	—	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	338.85	−0.062%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.92	−0.041%	$732	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.74	−0.094%	$28K	$67K	10x	as long as short
HTX AAPL-USDTlong	0.0000%	8h	339.06	long leg	$53K	$225K	30x
Phemex AAPLUSDT	0.0000%	4h	338.95	−0.032%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0024%	8h	338.96	−0.029%	$340K	$168K	20x	as long as short
QFEX AAPL-USD	+0.0030%	1h	338.88	−0.053%	$3.2M	$4.5M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.77	−0.085%	$783K	$2.4M	20x	as long as short
Lighter RH AAPLshort	+0.0032%	1h	338.78	−0.083%	$948K	$3.6M	20x
Arcus AAPL-USD	+0.0040%	1h	338.82	−0.071%	$266K	$65K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.75	−0.091%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.74	−0.094%	$40.5M	$76.0M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.80	−0.077%	$278K	$405K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.79	−0.080%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.72	−0.100%	$1.3M	$2.5M	20x	as long as short
Hotstuff AAPL-PERP	+0.0072%	1h	338.80	−0.077%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	338.78	−0.083%	$661K	$657K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.59	−0.139%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.84	−0.065%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.84	−0.065%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.81	−0.074%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.77	−0.086%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	338.97	−0.027%	$5K	$11K	20x	as long as short