Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Bybit against ApeX Omni+0.100%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$270.273% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.219%−$22 on $10k

Price spread, last 7 days−0.064%−$6 · spread now +0.100%, 7d avg +0.024%

Together, before fees−0.283%−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.077% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of +0.024%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AAPLUSDT	338.52	0.0100	pay 0.0013% / 1h	44m 53s	$946K	$11.0M	50x
Short	Bybit AAPLUSDT	338.86	0	get 0.0000% / 8h	4h 44m	$5.9M	$39.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against ApeX Omni. 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 ApeX OmnibpFee BybitbpOrdersPrice spread, now +0.100%Rate

Funding earned: −$21
Price spread: +0.100% → +0.024%: $7.66
Slippage, 4 orders: −$6.27
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$40.61
Costs to cover: 0.273%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 4 min ago; Bybit: 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 ApeX Omni live order book, 4 min ago	2.07 bp	7.1 bp −$7	8.7 bp −$87	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.15 bp	6.1 bp −$6	9.0 bp −$90	34.1 bp −$3,410	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	−0.0542%	4h	338.74	+0.064%	$81K	$328K	20x	as long as short
BloFin AAPL-USDT	−0.0029%	8h	338.87	+0.103%	$342K	$168K	20x	as long as short
Nado AAPL-PERP	−0.0007%	1h	338.74	+0.065%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.85	+0.098%	$122K	$290K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.78	+0.077%	$286K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.87	+0.103%	$22.2M	$67.0M	25x	as long as short
Bybit AAPLUSDTshort	0.0000%	8h	338.86	+0.100%	$5.9M	$39.5M	100x
OKX AAPL-USDT-SWAP	0.0000%	8h	338.90	+0.112%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.64	+0.035%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.92	+0.118%	$6.2M	$3.5M	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	338.86	+0.099%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.77	+0.074%	$17K	$425K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.88	+0.106%	$830	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.60	+0.024%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	338.96	+0.130%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.83	+0.092%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0031%	1h	338.81	+0.086%	$3.2M	$4.8M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.75	+0.067%	$779K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.79	+0.080%	$948K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.72	+0.059%	$269K	$68K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.63	+0.032%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.61	+0.027%	$253K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.79	+0.080%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.62	+0.030%	$1.3M	$2.5M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0060%	1h	338.77	+0.074%	$40.5M	$75.9M	20x	as long as short
Hotstuff AAPL-PERP	+0.0072%	1h	338.76	+0.071%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0080%	1h	338.78	+0.077%	$659K	$664K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.76	+0.071%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDTlong	+0.0100%	1h	338.52	long leg	$946K	$11.0M	50x
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.75	+0.068%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.76	+0.070%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.52	0.000%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	338.93	+0.121%	$5K	$11K	20x	as long as short