Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.011%

Price spread now: Lighter against SunX−0.036%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$1000.999% of the position

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 3 days (all we have)+0.017%+$2 · spread now −0.036%, 7d avg −0.041%

Together, before fees+0.086%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.041%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAPL-USDT	339.13	0	get 0.0000% / 8h	37m 55s	$532	$4.8M	20x
Short	Lighter AAPL	339.01	0.0088	get 0.0011% / 1h	37m 55s	$773K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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 SunXbpFee LighterbpOrdersPrice spread, now −0.036%Rate

Funding earned: $18.48
Price spread: −0.036% → −0.041%: $0.49
Slippage, 4 orders: −$91.85
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$80.88
Costs to cover: 0.999%
Break-even: 37.6 days

Slippage from SunX: live order book, 10 min ago; Lighter: live order book, 4 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 SunX live order book, 10 min ago	44.67 bp	49.2 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.71 bp	0.7 bp −$1	1.7 bp −$17	49.0 bp −$4,900	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	−0.0094%	4h	339.07	−0.017%	$81K	$325K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.00	−0.038%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.14	+0.003%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.08	−0.015%	$6.5M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.88	−0.074%	$3.0M	$4.2M	100x	as long as short
SunX AAPL-USDTlong	0.0000%	8h	339.13	long leg	$532	$4.8M	20x
HTX AAPL-USDT	0.0000%	8h	339.26	+0.038%	$53K	$223K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.16	+0.009%	$2.1M	$7K	10x	as long as short
GRVT AAPL_USDT_Perp	+0.0012%	8h	339.12	−0.002%	$14K	$498K	10x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.04	−0.027%	$964K	$3.8M	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	+0.0042%	8h	339.12	−0.003%	$6.2M	$3.4M	100x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.74	−0.115%	—	$53K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.94	−0.056%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.97	−0.047%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.83	−0.088%	$1.4M	$2.4M	20x	as long as short
Variational Omni AAPL	+0.0057%	8h	339.14	+0.004%	$2.4M	$1.4M	—	as long as short
QFEX AAPL-USD	+0.0064%	1h	339.03	−0.029%	$3.2M	$5.1M	10x	as long as short
Binance AAPLUSDT	+0.0088%	8h	339.13	0.000%	$22.4M	$67.0M	25x	as long as short
Extended AAPL_24_5-USD	+0.0088%	1h	339.07	−0.017%	$285K	$1.5M	10x	as long as short
Lighter AAPLshort	+0.0088%	1h	339.01	−0.036%	$773K	$2.4M	20x
KuCoin AAPLUSDTM	+0.0100%	8h	338.85	−0.083%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.75	−0.112%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.99	−0.041%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.09	−0.012%	$11K	—	10x	as long as short
BloFin AAPL-USDT	+0.0110%	8h	339.07	−0.018%	$350K	$167K	20x	as long as short
Nado AAPL-PERP	+0.0122%	1h	338.83	−0.088%	$556K	$33K	20x	as long as short
Hotstuff AAPL-PERP	+0.0128%	1h	338.98	−0.044%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0192%	1h	339.03	−0.029%	$660K	$677K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0201%	1h	338.98	−0.044%	$40.9M	$76.2M	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.55	+0.124%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	339.15	+0.006%	$2K	$8K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0340%	1h	339.02	−0.032%	$28K	$66K	10x	as long as short
Arcus AAPL-USD	+0.0397%	1h	338.98	−0.044%	$270K	$70K	20x	as long as short