Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0584%/8h= −63.9% APRpaid last 24h −0.224%

Price spread now: edgeX against Lighter RH+0.008%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$230.234% of the position

Long on Lighter RH Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.518%−$52 on $10k

Price spread, last 4 days (all we have)+0.146%+$15 · spread now +0.008%, 7d avg +0.019%

Together, before fees−0.371%+ Points / potential airdropLighter RH: Points live · edgeX: Active · farm board−$37 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: −$18 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH AAPL	339.05	0.0032	pay 0.0004% / 1h	51m 16s	$949K	$3.5M	20x
Short	edgeX AAPLUSDC	339.08	−0.0552	pay 0.0276% / 4h	1h 51m	$81K	$326K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Lighter RH. 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 Lighter RHbpFee edgeXbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$122.59
Price spread: +0.008% → +0.019%: −$1.15
Slippage, 4 orders: −$14.44
Fee Lighter RH: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$147.17
Costs to cover: 0.234%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; edgeX: live order book, 12 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 RH live order book, 2 min ago	0.44 bp	1.6 bp −$2	6.5 bp −$65	49.1 bp −$4,910	doesn't fit
Sell edgeX live order book, 12 min ago	5.31 bp	10.3 bp −$10	17.5 bp −$175	doesn't fit	doesn't fit

AAPL on 32 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 AAPLUSDCshort	−0.0552%	4h	339.08	+0.008%	$81K	$326K	20x
Nado AAPL-PERP	−0.0079%	1h	339.05	0.000%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.07	+0.006%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.16	+0.032%	$6.0M	$39.1M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.14	+0.027%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.88	−0.050%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.17	+0.035%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.21	+0.049%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.17	+0.035%	$17K	$433K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.12	+0.021%	$414	$4.7M	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.93	−0.035%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.27	+0.065%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.18	+0.038%	$2.1M	$6K	10x	as long as short
Binance AAPLUSDT	+0.0006%	8h	339.15	+0.030%	$22.3M	$67.0M	25x	as long as short
Extended AAPL_24_5-USD	+0.0008%	1h	339.05	0.000%	$285K	$2.0M	10x	as long as short
QFEX AAPL-USD	+0.0013%	1h	339.05	0.000%	$3.3M	$4.9M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.01	−0.013%	$754K	$2.4M	20x	as long as short
Lighter RH AAPLlong	+0.0032%	1h	339.05	long leg	$949K	$3.5M	20x
Arcus AAPL-USD	+0.0040%	1h	339.02	−0.009%	$270K	$70K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.95	−0.029%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	338.98	−0.021%	$656K	$664K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.05	0.000%	$40.7M	$75.8M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.84	−0.062%	$262K	$371K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.04	−0.003%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.87	−0.053%	$1.3M	$2.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.09	+0.012%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.97	−0.024%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.02	−0.009%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.02	−0.008%	$11K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0128%	1h	339.04	−0.003%	$36K	—	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.90	−0.044%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	339.13	+0.024%	$5K	$11K	20x	as long as short