Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Gate against Lighter RH−0.024%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on Lighter RH Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 7 days0.000%$0 · spread now −0.024%, 7d avg −0.018%

Together, before fees−0.071%+ Points / potential airdropLighter RH: Points live · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH AAPL	339.90	0.0032	pay 0.0004% / 1h	16m 35s	$986K	$3.3M	20x
Short	Gate AAPL_USDT	339.82	0	get 0.0000% / 8h	7h 16m	$3.0M	$5.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Lighter RH. 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 Lighter RHbpFee GatebpOrdersPrice spread, now −0.024%Rate

Funding earned: −$6.72
Price spread: −0.024% → −0.018%: −$0.56
Slippage, 4 orders: −$16.83
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$39.1
Costs to cover: 0.318%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; Gate: 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 Lighter RH live order book, 2 min ago	1.32 bp	2.5 bp −$2	5.3 bp −$53	43.5 bp −$4,347	doesn't fit
Sell Gate live order book, 2 min ago	1.91 bp	13.8 bp −$14	25.2 bp −$252	doesn't fit	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	−0.0354%	4h	339.82	−0.024%	$81K	$327K	20x	as long as short
Hotstuff AAPL-PERP	−0.0064%	1h	339.85	−0.015%	$36K	—	20x	as long as short
Nado AAPL-PERP	−0.0026%	1h	339.78	−0.036%	$556K	$35K	20x	as long as short
BloFin AAPL-USDT	−0.0023%	8h	340.00	+0.029%	$347K	$166K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.88	−0.007%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.94	+0.013%	$286K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	340.00	+0.031%	$22.1M	$67.2M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	340.07	+0.050%	$6.4M	$204.6M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.95	+0.015%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDTshort	0.0000%	8h	339.82	−0.024%	$3.0M	$5.9M	100x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	339.98	+0.024%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.76	−0.040%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.86	−0.010%	$22K	$345K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	340.01	+0.032%	$660	$4.3M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	340.09	+0.056%	$62K	$243K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.90	0.000%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0010%	1h	339.91	+0.003%	$3.3M	$4.2M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.56	−0.100%	$660K	$653K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.92	+0.006%	$928K	$2.6M	20x	as long as short
Lighter RH AAPLlong	+0.0032%	1h	339.90	long leg	$986K	$3.3M	20x
Arcus AAPL-USD	+0.0040%	1h	339.87	−0.009%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.76	−0.041%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.90	0.000%	$40.4M	$76.7M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.81	−0.026%	$279K	$350K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.89	−0.003%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.76	−0.041%	$1.3M	$2.3M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.69	−0.062%	$1.4M	$93K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.73	−0.050%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.88	−0.006%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.87	−0.008%	$11K	$102	10x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0192%	1h	339.90	0.000%	$28K	$70K	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.90	0.000%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.37	+0.138%	$192K	$44K	30x	as long as short