Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: SunX against Lighter+0.025%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1001.004% of the position

Long on Lighter Short on SunX

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)−0.007%−$1 · spread now +0.025%, 7d avg +0.041%

Together, before fees−0.076%+ Points / potential airdropLighter: Season 3 · farm board−$8 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: −$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 AAPL	339.77	0.0032	pay 0.0004% / 1h	24m 20s	$855K	$2.6M	20x
Short	SunX AAPL-USDT	339.86	0	get 0.0000% / 8h	2h 24m	$435	$4.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Lighter. 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 LighterbpFee SunXbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$6.72
Price spread: +0.025% → +0.041%: −$1.57
Slippage, 4 orders: −$92.44
Fee Lighter: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$108.73
Costs to cover: 1.004%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; SunX: 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 Lighter live order book, 3 min ago	0.34 bp	0.3 bp $0	1.3 bp −$13	23.8 bp −$2,382	doesn't fit
Sell SunX live order book, 4 min ago	44.88 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	−0.0812%	4h	339.76	−0.004%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0115%	1h	339.87	+0.028%	$556K	$38K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0074%	1h	339.71	−0.019%	$28K	$68K	10x	as long as short
BloFin AAPL-USDT	−0.0018%	8h	339.84	+0.019%	$340K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.83	+0.016%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.79	+0.006%	$285K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.89	+0.034%	$22.0M	$67.6M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.89	+0.034%	$5.9M	$89.5M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.90	+0.037%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.67	−0.031%	$3.0M	$4.8M	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	339.95	+0.052%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.83	+0.018%	$2.4M	$1.3M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.63	−0.042%	$16K	$411K	10x	as long as short
SunX AAPL-USDTshort	0.0000%	8h	339.86	+0.025%	$435	$4.6M	20x
HTX AAPL-USDT	0.0000%	8h	339.93	+0.046%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.80	+0.008%	$2.1M	$7K	10x	as long as short
Hotstuff AAPL-PERP	+0.0016%	1h	339.77	−0.001%	$36K	—	20x	as long as short
QFEX AAPL-USD	+0.0020%	1h	339.76	−0.004%	$3.2M	$4.4M	10x	as long as short
Lighter AAPLlong	+0.0032%	1h	339.77	long leg	$855K	$2.6M	20x
Lighter RH AAPL	+0.0032%	1h	339.77	−0.001%	$939K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.59	−0.054%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.75	−0.007%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	339.56	−0.063%	$663K	$661K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.77	−0.001%	$40.5M	$76.5M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.68	−0.028%	$278K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.81	+0.011%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.62	−0.045%	$1.3M	$2.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0099%	8h	339.45	−0.095%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.78	+0.002%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.74	−0.010%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.77	−0.002%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.89	+0.034%	$5K	$11K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.68	−0.028%	$191K	$44K	30x	as long as short