Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0068%/8hpaid last 24h −0.017%

Price spread now: Lighter against Orderly+0.101%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.101% dearer against Orderly than usual: you sell high and buy low (spread +0.101% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AAPL_USDC_mythos	339.19	0.0100	pay 0.0100% / 8h	4h 04m	$4K	—	10x
Short	Lighter AAPL	339.53	0.0032	get 0.0004% / 1h	4m 46s	$707K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Orderly. 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 OrderlybpFee LighterbpOrdersPrice spread, now +0.101%Rate

Funding earned: −$14.28
Price spread: +0.101% → 0.000%: $10.14
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$10.14
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 2 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 Orderly no order-book sample	—	—	—	—	—
Sell Lighter live order book, 2 min ago	0.44 bp	0.5 bp $0	2.0 bp −$20	25.4 bp −$2,539	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0615%	4h	339.63	+0.130%	$81K	$325K	20x	as long as short
KuCoin AAPLUSDTM	−0.0003%	8h	339.25	+0.018%	$1.4M	$28K	20x	as long as short
BloFin AAPL-USDT	−0.0002%	8h	339.46	+0.080%	$360K	$161K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.31	+0.035%	$128K	$287K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.34	+0.044%	$284K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.49	+0.088%	$22.2M	$65.0M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.53	+0.100%	$6.6M	$24.5M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.46	+0.080%	$6.7M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.32	+0.038%	$3.1M	$4.0M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.50	+0.091%	$6.3M	$3.2M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.52	+0.099%	$2.1M	$1.0M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.62	+0.127%	$20K	$535K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.30	+0.032%	$645	$4.8M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.19	0.000%	$28K	$64K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.49	+0.088%	$52K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.66	+0.139%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0010%	1h	339.44	+0.074%	$3.2M	$4.7M	10x	as long as short
Lighter AAPLshort	+0.0032%	1h	339.53	+0.101%	$707K	$2.4M	20x
Lighter RH AAPL	+0.0032%	1h	339.53	+0.100%	$950K	$4.0M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.40	+0.062%	$270K	$81K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.19	0.000%	—	$9K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.20	+0.003%	$269K	$343K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.35	+0.047%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.38	+0.056%	$1.2M	$2.1M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0055%	1h	339.44	+0.074%	$41.3M	$75.9M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0064%	1h	339.52	+0.097%	$673K	$630K	10x	as long as short
Nado AAPL-PERP	+0.0077%	1h	339.21	+0.006%	$557K	$37K	20x	as long as short
Hotstuff AAPL-PERP	+0.0080%	1h	339.48	+0.085%	$36K	—	20x	as long as short
Phoenix AAPL	+0.0094%	1h	339.71	+0.153%	$2K	$12K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.38	+0.056%	$948K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythoslong	+0.0100%	8h	339.19	long leg	$4K	—	10x
Aevo AAPL-PERP	+0.0104%	1h	339.18	−0.002%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.29	+0.029%	$191K	$44K	30x	as long as short