Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: SunX against Lighter RH+0.015%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1031.026% of the position

Long on Lighter RH Short on SunX

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)−0.007%−$1 · spread now +0.015%, 7d avg +0.029%

Together, before fees−0.074%+ 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 +0.029%, 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	339.77	0.0032	pay 0.0004% / 1h	7m 08s	$949K	$3.5M	20x
Short	SunX AAPL-USDT	339.82	0	get 0.0000% / 8h	7m 08s	$506	$4.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$6.72
Price spread: +0.015% → +0.029%: −$1.44
Slippage, 4 orders: −$94.62
Fee Lighter RH: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$110.78
Costs to cover: 1.026%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 1 min ago; SunX: live order book, 11 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, 1 min ago	1.47 bp	2.2 bp −$2	4.8 bp −$48	43.3 bp −$4,331	doesn't fit
Sell SunX live order book, 11 min ago	44.87 bp	49.4 bp −$49	doesn't fit	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	−0.0191%	4h	339.74	−0.009%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0144%	1h	339.75	−0.006%	$556K	$37K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0074%	1h	339.63	−0.041%	$28K	$69K	10x	as long as short
BloFin AAPL-USDT	−0.0007%	8h	339.82	+0.015%	$344K	$167K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.74	−0.008%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.75	−0.006%	$286K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.83	+0.017%	$22.1M	$67.2M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.79	+0.006%	$7.5M	$162.1M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.77	0.000%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.65	−0.035%	$3.0M	$5.6M	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	339.84	+0.021%	$6.2M	$3.6M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.77	+0.001%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.82	+0.015%	$13K	$357K	10x	as long as short
SunX AAPL-USDTshort	0.0000%	8h	339.82	+0.015%	$506	$4.5M	20x
HTX AAPL-USDT	0.0000%	8h	339.96	+0.056%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.80	+0.009%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0027%	1h	339.75	−0.006%	$3.2M	$4.2M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.77	+0.001%	$942K	$2.7M	20x	as long as short
Lighter RH AAPLlong	+0.0032%	1h	339.77	long leg	$949K	$3.5M	20x
Hotstuff AAPL-PERP	+0.0032%	1h	339.77	0.000%	$36K	—	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.70	−0.021%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.68	−0.026%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.77	0.000%	$40.6M	$76.2M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.73	−0.012%	$279K	$423K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.79	+0.006%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.59	−0.053%	$1.3M	$2.3M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0064%	1h	339.55	−0.065%	$660K	$660K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.69	−0.024%	$1.4M	$55K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.65	−0.035%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.72	−0.015%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.72	−0.016%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.61	−0.047%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	339.85	+0.024%	$5K	$12K	20x	as long as short