Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.020%

Price spread now: Orderly against Lighter−0.007%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAPL	339.56	0.0032	pay 0.0004% / 1h	52m 02s	$908K	$2.6M	20x
Short	Orderly PERP_AAPL_USDC_mythos	339.54	0.0100	get 0.0100% / 8h	1h 52m	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Lighter. 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 LighterbpFee OrderlybpOrdersPrice spread, now −0.007%Rate

Funding earned: $14.28
Price spread: −0.007% → 0.000%: −$0.71
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $7.57
Costs to cover: 0.060%
Break-even: 3.3 days

Slippage unknown: Lighter: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

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 Lighter live order book, 5 min ago	0.38 bp	1.1 bp −$1	2.7 bp −$27	31.7 bp −$3,170	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0978%	4h	339.57	+0.002%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0055%	1h	339.51	−0.015%	$555K	$38K	20x	as long as short
BloFin AAPL-USDT	−0.0015%	8h	339.72	+0.046%	$341K	$168K	20x	as long as short
Hotstuff AAPL-PERP	−0.0008%	1h	339.60	+0.011%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.53	−0.009%	$121K	$293K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.62	+0.017%	$288K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.72	+0.046%	$22.1M	$67.7M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.68	+0.034%	$7.0M	$103.8M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.68	+0.034%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.47	−0.028%	$3.0M	$4.9M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	339.77	+0.061%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.65	+0.027%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.64	+0.023%	$16K	$402K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.71	+0.043%	$924	$4.6M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.81	+0.072%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.74	+0.052%	$2.1M	$7K	10x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0015%	1h	339.54	−0.007%	$28K	$68K	10x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.65	+0.025%	$3.2M	$4.3M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.55	−0.004%	$660K	$657K	10x	as long as short
Lighter AAPLlong	+0.0032%	1h	339.56	long leg	$908K	$2.6M	20x
Lighter RH AAPL	+0.0032%	1h	339.57	+0.002%	$951K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.55	−0.004%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.46	−0.031%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.60	+0.011%	$280K	$416K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.61	+0.014%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.48	−0.025%	$1.3M	$2.4M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0095%	1h	339.64	+0.022%	$40.6M	$76.6M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.40	−0.048%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.47	−0.028%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythosshort	+0.0100%	8h	339.54	−0.007%	$4K	—	10x
Aevo AAPL-PERP	+0.0104%	1h	339.56	−0.003%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.77	+0.061%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.39	−0.051%	$191K	$44K	30x	as long as short