Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against SunX−0.024%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$95as in the Funding arb table

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

costs, in and out, $10k−$1021.021% of the position

Long on SunX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 3 days (all we have)+0.016%+$2 · spread now −0.024%, 7d avg −0.029%

Together, before fees+0.083%+ Points / potential airdropLighter RH: Points live · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, 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	SunX AAPL-USDT	339.03	0	get 0.0000% / 8h	6h 38m	$997	$4.7M	20x
Short	Lighter RH AAPL	338.95	0.0032	get 0.0004% / 1h	38m 51s	$953K	$3.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against SunX. 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 SunXbpFee Lighter RHbpOrdersPrice spread, now −0.024%Rate

Funding earned: $6.72
Price spread: −0.024% → −0.029%: $0.53
Slippage, 4 orders: −$94.07
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$94.82
Costs to cover: 1.021%
Break-even: 105.8 days

Slippage from SunX: live order book, 10 min ago; Lighter RH: 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 SunX live order book, 10 min ago	44.70 bp	49.2 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.33 bp	2.0 bp −$2	5.0 bp −$50	50.3 bp −$5,029	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	−0.0989%	4h	338.90	−0.038%	$81K	$325K	20x	as long as short
Nado AAPL-PERP	−0.0064%	1h	338.94	−0.027%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.99	−0.012%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.07	+0.012%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.11	+0.024%	$6.4M	$6.7M	25x	as long as short
Hotstuff AAPL-PERP	0.0000%	1h	338.84	−0.056%	$36K	—	20x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.84	−0.056%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.05	+0.006%	$6.2M	$3.4M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.93	−0.029%	$17K	$433K	10x	as long as short
SunX AAPL-USDTlong	0.0000%	8h	339.03	long leg	$997	$4.7M	20x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.97	−0.018%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.08	+0.015%	$52K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.00	−0.009%	$2.1M	$6K	10x	as long as short
QFEX AAPL-USD	+0.0028%	1h	339.00	−0.009%	$3.2M	$4.9M	10x	as long as short
Variational Omni AAPL	+0.0031%	8h	338.95	−0.022%	$2.4M	$1.4M	—	as long as short
Lighter AAPL	+0.0032%	1h	338.93	−0.028%	$744K	$2.3M	20x	as long as short
Lighter RH AAPLshort	+0.0032%	1h	338.95	−0.024%	$953K	$3.5M	20x
Arcus AAPL-USD	+0.0040%	1h	338.85	−0.053%	$269K	$70K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.79	−0.071%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.78	−0.074%	$262K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.97	−0.018%	$75K	$3K	10x	as long as short
BloFin AAPL-USDT	+0.0050%	8h	338.91	−0.035%	$347K	$169K	20x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.77	−0.077%	$1.4M	$2.4M	20x	as long as short
Binance AAPLUSDT	+0.0063%	8h	339.05	+0.006%	$22.2M	$66.8M	25x	as long as short
Extended AAPL_24_5-USD	+0.0064%	1h	338.98	−0.015%	$284K	$2.0M	10x	as long as short
tradeXYZ xyz:AAPL	+0.0094%	1h	338.98	−0.015%	$40.8M	$75.8M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.79	−0.071%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.69	−0.100%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.97	−0.018%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.93	−0.029%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0136%	1h	338.51	−0.153%	$655K	$665K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.71	−0.094%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	338.98	−0.015%	$5K	$11K	20x	as long as short