Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: OKX against ApeX Omni+0.015%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.221%−$22 on $10k

Price spread, last 7 days−0.042%−$4 · spread now +0.015%, 7d avg +0.012%

Together, before fees−0.263%−$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AAPLUSDT	339.72	0.0100	pay 0.0013% / 1h	54m 48s	$949K	$11.0M	50x
Short	OKX AAPL-USDT-SWAP	339.77	0	get 0.0000% / 8h	5h 54m	$6.3M	$6.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$21
Price spread: +0.015% → +0.012%: $0.26
Slippage, 4 orders: −$8.03
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$48.77
Costs to cover: 0.280%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 2 min ago; OKX: live order book, 1 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, 2 min ago	2.36 bp	7.4 bp −$7	9.1 bp −$91	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.15 bp	7.0 bp −$7	11.7 bp −$117	doesn't fit	doesn't fit

AAPL on 33 exchanges

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
Hotstuff AAPL-PERP	−0.1600%	1h	338.08	−0.483%	$36K	—	20x	as long as short
edgeX AAPLUSDC	−0.0029%	4h	339.75	+0.009%	$81K	$326K	20x	as long as short
BloFin AAPL-USDT	−0.0024%	8h	339.82	+0.029%	$348K	$165K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.79	+0.021%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.69	−0.008%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.81	+0.026%	$22.1M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.79	+0.021%	$6.6M	$281.4M	100x	as long as short
OKX AAPL-USDT-SWAPshort	0.0000%	8h	339.77	+0.015%	$6.3M	$6.7M	25x
Gate AAPL_USDT	0.0000%	8h	339.63	−0.026%	$3.0M	$7.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.80	+0.024%	$6.2M	$3.5M	100x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.81	+0.028%	$2.5M	$1.3M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.91	+0.056%	$13K	$348K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.81	+0.026%	$445	$4.2M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.95	+0.068%	$62K	$242K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.83	+0.032%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0026%	1h	339.73	+0.003%	$3.2M	$4.2M	10x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.69	−0.009%	$1.0M	$3.1M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.61	−0.032%	$267K	$52K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.54	−0.053%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.71	−0.003%	$279K	$347K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.67	−0.015%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.68	−0.012%	$1.3M	$2.1M	20x	as long as short
Lighter AAPL	+0.0064%	1h	339.71	−0.004%	$931K	$2.5M	20x	as long as short
Nado AAPL-PERP	+0.0076%	1h	339.62	−0.029%	$556K	$29K	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0080%	1h	339.77	+0.015%	$660K	$655K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0093%	1h	339.65	−0.021%	$40.5M	$76.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.57	−0.044%	$1.4M	$156K	20x	as long as short
ApeX Omni AAPLUSDTlong	+0.0100%	1h	339.72	long leg	$949K	$11.0M	50x
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.67	−0.015%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.67	−0.013%	$11K	$102	10x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0133%	1h	339.70	−0.006%	$28K	$70K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.16	+0.130%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0235%	1h	339.84	+0.035%	$5K	$12K	20x	as long as short