Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.020%

Price spread now: Orderly against Lighter RH−0.021%7-day average — · you buy dearer than you sell

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

Long on Lighter RH 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 RH: Points live · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.021% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 24 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH AAPL	339.59	0.0032	pay 0.0004% / 1h	26m 49s	$1.0M	$3.2M	20x
Short	Orderly PERP_AAPL_USDC_mythos	339.52	0.0100	get 0.0100% / 8h	5h 26m	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.021%Rate

Funding earned: $14.28
Price spread: −0.021% → 0.000%: −$2.06
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $6.22
Costs to cover: 0.060%
Break-even: 4.0 days

Slippage unknown: Lighter RH: 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 RH live order book, 5 min ago	1.18 bp	1.6 bp −$2	7.2 bp −$72	55.8 bp −$5,580	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 exchanges

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
Hotstuff AAPL-PERP	−0.1600%	1h	339.45	−0.041%	$36K	—	20x	as long as short
edgeX AAPLUSDC	−0.0753%	4h	339.62	+0.008%	$81K	$326K	20x	as long as short
BloFin AAPL-USDT	−0.0022%	8h	339.64	+0.015%	$350K	$165K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.62	+0.009%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.54	−0.016%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.65	+0.018%	$22.2M	$67.0M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.59	0.000%	$6.7M	$282.8M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.59	0.000%	$6.3M	$6.7M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.48	−0.032%	$3.0M	$7.3M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.62	+0.009%	$6.2M	$3.5M	100x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.70	+0.034%	$2.5M	$1.3M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.62	+0.009%	$16K	$332K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.66	+0.021%	$486	$4.1M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.71	+0.035%	$62K	$242K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.70	+0.032%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0026%	1h	339.62	+0.009%	$3.3M	$4.2M	10x	as long as short
Lighter RH AAPLlong	+0.0032%	1h	339.59	long leg	$1.0M	$3.2M	20x
Arcus AAPL-USD	+0.0040%	1h	339.47	−0.035%	$267K	$51K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.41	−0.053%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.51	−0.024%	$279K	$347K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.50	−0.027%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.39	−0.059%	$1.3M	$2.2M	20x	as long as short
Nado AAPL-PERP	+0.0055%	1h	339.49	−0.028%	$556K	$28K	20x	as long as short
Lighter AAPL	+0.0080%	1h	339.62	+0.008%	$926K	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0080%	1h	339.77	+0.053%	$660K	$641K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.52	−0.021%	$1.4M	$172K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.45	−0.041%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythosshort	+0.0100%	8h	339.52	−0.021%	$4K	—	10x
Aevo AAPL-PERP	+0.0104%	1h	339.51	−0.022%	$11K	$102	10x	as long as short
tradeXYZ xyz:AAPL	+0.0110%	1h	339.51	−0.024%	$40.5M	$76.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0133%	1h	339.58	−0.003%	$28K	$69K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.98	+0.115%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0235%	1h	339.73	+0.041%	$5K	$12K	20x	as long as short