Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.001%

Price spread now: Variational Omni against Lighter RH+0.028%7-day average +0.046% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.024%−$2 on $10k

Price spread, last 7 days−0.024%−$2 · spread now +0.028%, 7d avg +0.046%

Together, before fees−0.048%+ Points / potential airdropLighter RH: Points live · Variational Omni: Active · farm board−$5 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	Lighter RH AAPL	339.76	0.0032	pay 0.0004% / 1h	5m 19s	$954K	$3.5M	20x
Short	Variational Omni AAPL	339.86	0	get 0.0000% / 8h	5m 19s	$2.5M	$1.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.028%Rate

Funding earned: −$6.72
Price spread: +0.028% → +0.046%: −$1.83
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$8.55
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter RH: live order book, 3 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

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, 3 min ago	1.47 bp	2.2 bp −$2	4.8 bp −$48	43.3 bp −$4,331	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.05 bp	doesn't fit	5.6 bp −$56	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	−0.0565%	4h	339.79	+0.009%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0143%	1h	339.73	−0.008%	$556K	$37K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0074%	1h	339.61	−0.044%	$28K	$69K	10x	as long as short
Hotstuff AAPL-PERP	−0.0048%	1h	339.75	−0.003%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.76	0.000%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.77	+0.002%	$286K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.85	+0.026%	$22.1M	$67.2M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.86	+0.029%	$6.2M	$164.4M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.77	+0.003%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.65	−0.032%	$3.0M	$5.6M	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	339.83	+0.021%	$6.2M	$3.6M	100x	as long as short
Variational Omni AAPLshort	0.0000%	8h	339.86	+0.028%	$2.5M	$1.2M	—
GRVT AAPL_USDT_Perp	0.0000%	8h	339.84	+0.023%	$13K	$357K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.84	+0.024%	$585	$4.5M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.88	+0.035%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.84	+0.024%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0003%	8h	339.84	+0.024%	$344K	$167K	20x	as long as short
QFEX AAPL-USD	+0.0027%	1h	339.77	+0.003%	$3.2M	$4.2M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.77	+0.003%	$942K	$2.7M	20x	as long as short
Lighter RH AAPLlong	+0.0032%	1h	339.76	long leg	$954K	$3.5M	20x
Arcus AAPL-USD	+0.0040%	1h	339.70	−0.018%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.68	−0.024%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.79	+0.009%	$40.6M	$76.2M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.72	−0.012%	$279K	$423K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.79	+0.009%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.64	−0.035%	$1.3M	$2.3M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0064%	1h	339.55	−0.062%	$660K	$660K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.70	−0.018%	$1.4M	$55K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.73	−0.009%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.72	−0.012%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.75	−0.002%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.67	−0.026%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	339.96	+0.059%	$5K	$12K	20x	as long as short