Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.013%

Price spread now: Lighter against Aster−0.042%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$470.473% of the position

Long on Aster 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 4 days (all we have)+0.014%+$1 · spread now −0.042%, 7d avg −0.047%

Together, before fees+0.083%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.047%, 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	Aster AAPLUSDT	339.19	0	get 0.0000% / 8h	1h 04m	$122K	$291K	20x
Short	Lighter AAPL	339.05	0.0064	get 0.0008% / 1h	4m 52s	$772K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now −0.042%Rate

Funding earned: $13.44
Price spread: −0.042% → −0.047%: $0.45
Slippage, 4 orders: −$39.33
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$33.44
Costs to cover: 0.473%
Break-even: 24.4 days

Slippage from Aster: live order book, 12 min ago; Lighter: live order book, 7 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 Aster live order book, 12 min ago	3.24 bp	26.0 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	0.35 bp	0.5 bp $0	1.2 bp −$12	39.0 bp −$3,899	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	−0.0755%	4h	339.15	−0.013%	$81K	$326K	20x	as long as short
BloFin AAPL-USDT	−0.0002%	8h	339.20	+0.003%	$306K	$168K	20x	as long as short
Aster AAPLUSDTlong	0.0000%	8h	339.19	long leg	$122K	$291K	20x
Bybit AAPLUSDT	0.0000%	8h	339.22	+0.009%	$6.0M	$39.8M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.16	−0.009%	$6.6M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.95	−0.071%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.17	−0.006%	$6.2M	$3.3M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.18	−0.004%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.10	−0.026%	$14K	$498K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.20	+0.003%	$570	$4.8M	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AAPL-USDT	0.0000%	8h	339.28	+0.027%	$53K	$222K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.20	+0.003%	$2.1M	$7K	10x	as long as short
Extended AAPL_24_5-USD	+0.0024%	1h	339.14	−0.014%	$285K	$1.5M	10x	as long as short
Binance AAPLUSDT	+0.0024%	8h	339.20	+0.004%	$22.4M	$67.3M	25x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.08	−0.032%	$966K	$3.8M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.79	−0.118%	—	$53K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.90	−0.085%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.05	−0.041%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.73	−0.136%	$1.5M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	339.09	−0.029%	$3.2M	$5.1M	10x	as long as short
Lighter AAPLshort	+0.0064%	1h	339.05	−0.042%	$772K	$2.5M	20x
Hotstuff AAPL-PERP	+0.0080%	1h	339.02	−0.050%	$36K	—	20x	as long as short
Nado AAPL-PERP	+0.0081%	1h	338.87	−0.094%	$556K	$35K	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.87	−0.094%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.82	−0.109%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.00	−0.056%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.08	−0.033%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	339.03	−0.047%	$660K	$677K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0188%	1h	339.06	−0.038%	$40.9M	$76.5M	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.50	+0.091%	$191K	$44K	30x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0281%	1h	339.02	−0.050%	$28K	$65K	10x	as long as short
Phoenix AAPL	+0.0354%	1h	339.07	−0.035%	$2K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0364%	1h	339.05	−0.041%	$270K	$70K	20x	as long as short