Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter against HTX−0.032%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$190.188% of the position

Long on HTX 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)+0.031%+$3 · spread now −0.032%, 7d avg −0.062%

Together, before fees+0.100%+ Points / potential airdropLighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.030% dearer against HTX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAPL-USDT	339.60	0	get 0.0000% / 8h	4h 45m	$62K	$241K	30x
Short	Lighter AAPL	339.49	0.0032	get 0.0004% / 1h	45m 04s	$924K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now −0.032%Rate

Funding earned: $6.72
Price spread: −0.032% → −0.062%: $2.96
Slippage, 4 orders: −$6.83
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$9.16
Costs to cover: 0.188%
Break-even: 16.5 days

Slippage from HTX: live order book, 59 min ago; Lighter: live order book, 5 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 HTX live order book, 59 min ago	2.80 bp	8.8 bp −$9	10.1 bp −$101	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.44 bp	0.7 bp −$1	2.0 bp −$20	91.2 bp −$9,120	doesn't fit

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
edgeX AAPLUSDC	−0.0620%	4h	339.29	−0.091%	$81K	$328K	20x	as long as short
BloFin AAPL-USDT	−0.0027%	8h	339.52	−0.024%	$353K	$166K	20x	as long as short
Nado AAPL-PERP	−0.0013%	1h	339.45	−0.045%	$555K	$28K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.42	−0.053%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.36	−0.069%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.49	−0.034%	$22.1M	$67.3M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.43	−0.050%	$6.2M	$286.8M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.49	−0.032%	$6.3M	$6.7M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.31	−0.085%	$3.0M	$7.4M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.58	−0.006%	$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	339.44	−0.046%	$2.5M	$1.3M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.48	−0.035%	$20K	$350K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.55	−0.015%	$550	$4.1M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.43	−0.050%	$28K	$68K	10x	as long as short
HTX AAPL-USDTlong	0.0000%	8h	339.60	long leg	$62K	$241K	30x
Phemex AAPLUSDT	0.0000%	4h	339.47	−0.038%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.41	−0.056%	$3.3M	$4.2M	10x	as long as short
Lighter AAPLshort	+0.0032%	1h	339.49	−0.032%	$924K	$2.4M	20x
Lighter RH AAPL	+0.0032%	1h	339.50	−0.029%	$1.0M	$3.0M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.29	−0.091%	$267K	$48K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.31	−0.085%	—	$45K	25x	as long as short
Hotstuff AAPL-PERP	+0.0048%	1h	339.35	−0.074%	$36K	—	20x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.44	−0.047%	$40.5M	$76.7M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.41	−0.056%	$269K	$356K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.42	−0.053%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.27	−0.097%	$1.3M	$2.2M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.25	−0.103%	$1.4M	$213K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.22	−0.112%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.42	−0.053%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.33	−0.080%	$11K	$102	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0128%	1h	339.31	−0.085%	$659K	$630K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.83	+0.068%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	339.46	−0.041%	$5K	$12K	20x	as long as short