Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h +0.033%

Price spread now: Lighter RH against KuCoin−0.012%7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1351.351% of the position

Long on KuCoin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 7 days+0.032%+$3 · spread now −0.012%, 7d avg +0.033%

Together, before fees+0.091%+ Points / potential airdropLighter RH: Points live · farm board+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter RH is 0.045% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.033%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.059%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAPLUSDTM	338.74	0.0100	pay 0.0100% / 8h	5h 24m	$1.4M	$27K	20x
Short	Lighter RH AAPL	338.70	0.0032	get 0.0004% / 1h	24m 59s	$947K	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against KuCoin. 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 KuCoinbpFee Lighter RHbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$14.28
Price spread: −0.012% → +0.033%: −$4.5
Slippage, 4 orders: −$123.09
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$153.87
Costs to cover: 1.351%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago	6.05 bp	70.5 bp −$70	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	0.89 bp	1.5 bp −$2	3.1 bp −$31	39.7 bp −$3,967	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	−0.0103%	4h	338.74	+0.001%	$81K	$325K	20x	as long as short
Nado AAPL-PERP	−0.0051%	1h	338.69	−0.014%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.85	+0.032%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.72	−0.005%	$285K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.83	+0.025%	$22.2M	$66.9M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.84	+0.030%	$6.0M	$39.1M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.85	+0.032%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.58	−0.047%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.91	+0.050%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	338.82	+0.025%	$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	338.83	+0.027%	$17K	$424K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.81	+0.021%	$407	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.57	−0.050%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	338.94	+0.059%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.99	+0.074%	$2.1M	$6K	10x	as long as short
QFEX AAPL-USD	+0.0013%	1h	338.79	+0.015%	$3.2M	$4.8M	10x	as long as short
BloFin AAPL-USDT	+0.0029%	8h	338.81	+0.021%	$343K	$169K	20x	as long as short
Lighter AAPL	+0.0032%	1h	338.68	−0.017%	$771K	$2.4M	20x	as long as short
Lighter RH AAPLshort	+0.0032%	1h	338.70	−0.012%	$947K	$3.6M	20x
Arcus AAPL-USD	+0.0040%	1h	338.72	−0.006%	$269K	$69K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.59	−0.044%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	338.78	+0.012%	$659K	$673K	10x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.54	−0.059%	$261K	$370K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.70	−0.012%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.65	−0.027%	$1.3M	$2.5M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0061%	1h	338.70	−0.012%	$40.7M	$75.8M	20x	as long as short
Hotstuff AAPL-PERP	+0.0072%	1h	338.69	−0.015%	$36K	—	20x	as long as short
KuCoin AAPLUSDTMlong	+0.0100%	8h	338.74	long leg	$1.4M	$27K	20x
ApeX Omni AAPLUSDT	+0.0100%	1h	338.68	−0.018%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.73	−0.003%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.69	−0.014%	$10K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.57	−0.050%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	338.79	+0.015%	$5K	$11K	20x	as long as short