Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: OKX against Lighter RH+0.009%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$170.172% of the position

Long on Lighter RH Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 7 days−0.050%−$5 · spread now +0.009%, 7d avg +0.005%

Together, before fees−0.129%+ Points / potential airdropLighter RH: Points live · farm board−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, 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 RH AAPL	338.66	0.0032	pay 0.0004% / 1h	23m 46s	$956K	$3.6M	20x
Short	OKX AAPL-USDT-SWAP	338.69	0	get 0.0000% / 8h	7h 23m	$6.4M	$6.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$6.72
Price spread: +0.009% → +0.005%: $0.38
Slippage, 4 orders: −$7.25
Fee Lighter RH: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$23.59
Costs to cover: 0.172%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; OKX: 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 RH live order book, 5 min ago	1.62 bp	1.7 bp −$2	5.8 bp −$58	46.4 bp −$4,640	doesn't fit
Sell OKX live order book, 4 min ago	0.15 bp	6.5 bp −$6	11.1 bp −$111	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	−0.0365%	4h	338.80	+0.041%	$81K	$325K	20x	as long as short
Nado AAPL-PERP	−0.0018%	1h	338.60	−0.019%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.80	+0.041%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.76	+0.030%	$6.0M	$39.3M	100x	as long as short
OKX AAPL-USDT-SWAPshort	0.0000%	8h	338.69	+0.009%	$6.4M	$6.6M	25x
Gate AAPL_USDT	0.0000%	8h	338.51	−0.044%	$3.0M	$4.2M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.90	+0.072%	$17K	$489K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.72	+0.018%	$484	$4.7M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.63	−0.009%	$28K	$66K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	338.84	+0.053%	$52K	$225K	30x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AAPLUSDT	0.0000%	4h	338.90	+0.071%	$2.1M	$6K	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.60	−0.018%	$770K	$2.3M	20x	as long as short
Lighter RH AAPLlong	+0.0032%	1h	338.66	long leg	$956K	$3.6M	20x
Bitget AAPLUSDT	+0.0036%	8h	338.75	+0.027%	$6.2M	$3.4M	100x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.48	−0.053%	—	$47K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.63	−0.009%	$40.8M	$75.8M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.53	−0.038%	$263K	$396K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.63	−0.009%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.51	−0.044%	$1.4M	$2.5M	20x	as long as short
Hotstuff AAPL-PERP	+0.0056%	1h	338.61	−0.015%	$36K	—	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	338.66	0.000%	$3.2M	$5.0M	10x	as long as short
Variational Omni AAPL	+0.0083%	8h	338.82	+0.049%	$2.4M	$1.4M	—	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.61	−0.015%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.63	−0.009%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.71	+0.015%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.66	0.000%	$10K	—	10x	as long as short
Binance AAPLUSDT	+0.0108%	8h	338.74	+0.024%	$22.2M	$66.8M	25x	as long as short
Extended AAPL_24_5-USD	+0.0112%	1h	338.67	+0.002%	$286K	$2.3M	10x	as long as short
BloFin AAPL-USDT	+0.0115%	8h	338.82	+0.047%	$346K	$169K	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	338.61	−0.015%	$655K	$667K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.58	−0.024%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	338.90	+0.071%	$5K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0406%	1h	338.75	+0.027%	$269K	$70K	20x	as long as short