Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.003%

Price spread now: Lighter RH against Binance−0.027%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$150.148% of the position

Long on Binance Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 7 days+0.003%$0 · spread now −0.027%, 7d avg −0.046%

Together, before fees+0.057%+ Points / potential airdropLighter RH: Points live · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.046%, 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	Binance AAPLUSDT	339.32	0	get 0.0000% / 8h	3h 16m	$21.9M	$67.1M	25x
Short	Lighter RH AAPL	339.23	0.0032	get 0.0004% / 1h	16m 54s	$940K	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Binance. 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 BinancebpFee Lighter RHbpOrdersPrice spread, now −0.027%Rate

Funding earned: $6.72
Price spread: −0.027% → −0.046%: $1.85
Slippage, 4 orders: −$4.76
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$6.19
Costs to cover: 0.148%
Break-even: 13.4 days

Slippage from Binance: live order book, 10 min ago; Lighter RH: live order book, 1 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 Binance live order book, 10 min ago	0.15 bp	5.6 bp −$6	7.6 bp −$76	32.9 bp −$3,290	doesn't fit
Sell Lighter RH live order book, 1 min ago	1.18 bp	1.7 bp −$2	3.6 bp −$36	42.7 bp −$4,267	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	−0.0384%	4h	339.22	−0.029%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0080%	1h	339.33	+0.001%	$555K	$38K	20x	as long as short
BloFin AAPL-USDT	−0.0017%	8h	339.38	+0.017%	$341K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.30	−0.006%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.23	−0.028%	$287K	$1.5M	10x	as long as short
Binance AAPLUSDTlong	0.0000%	8h	339.32	long leg	$21.9M	$67.1M	25x
Bybit AAPLUSDT	0.0000%	8h	339.31	−0.004%	$5.8M	$70.5M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.35	+0.008%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.04	−0.083%	$3.0M	$4.5M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.38	+0.017%	$6.2M	$3.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.29	−0.011%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.26	−0.019%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.30	−0.007%	$865	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.25	−0.022%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.44	+0.034%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.35	+0.008%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0030%	1h	339.23	−0.027%	$3.2M	$4.5M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.23	−0.027%	$781K	$2.4M	20x	as long as short
Lighter RH AAPLshort	+0.0032%	1h	339.23	−0.027%	$940K	$3.6M	20x
Arcus AAPL-USD	+0.0040%	1h	339.11	−0.063%	$266K	$61K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.13	−0.057%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.20	−0.036%	$40.5M	$76.1M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.16	−0.048%	$278K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.22	−0.030%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.08	−0.072%	$1.3M	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	338.78	−0.160%	$661K	$657K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.29	−0.010%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.23	−0.027%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.20	−0.036%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.22	−0.032%	$11K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0112%	1h	339.22	−0.030%	$36K	—	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.02	−0.089%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.31	−0.004%	$5K	$11K	20x	as long as short