Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: SunX against ApeX Omni+0.021%73s7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$204as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1831.831% of the position

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.209%−$21 on $10k

Price spread, last 3 days (all we have)+0.020%+$2 · spread now +0.021%, 7d avg +0.046%

Together, before fees−0.189%−$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.025% cheaper against ApeX Omni than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.046%). Swap the legs. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AAPLUSDT	339.10	0.0100	pay 0.0013% / 1h	58m 08s	$947K	$11.0M	50x
Short	SunX AAPL-USDT	339.17	0	get 0.0000% / 8h	5h 58m	$471	$4.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$21
Price spread: +0.021% → +0.046%: −$2.51
Slippage, 4 orders: −$165.1
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$206.62
Costs to cover: 1.831%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 1 min ago; SunX: live order book, 10 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, 1 min ago	2.07 bp	7.1 bp −$7	9.2 bp −$92	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	79.72 bp	84.2 bp −$84	doesn't fit	doesn't fit	doesn't fit

AAPL on 32 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	−0.0534%	4h	339.19	+0.028%	$81K	$328K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0133%	1h	338.91	−0.056%	$28K	$67K	10x	as long as short
Nado AAPL-PERP	−0.0085%	1h	339.08	−0.006%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.09	−0.004%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.20	+0.029%	$6.0M	$39.1M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.13	+0.009%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.95	−0.044%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.28	+0.053%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.24	+0.040%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.21	+0.031%	$17K	$433K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AAPL-USDTshort	0.0000%	8h	339.17	+0.021%	$471	$4.7M	20x
HTX AAPL-USDT	0.0000%	8h	339.31	+0.062%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.30	+0.059%	$2.1M	$6K	10x	as long as short
QFEX AAPL-USD	+0.0013%	1h	339.05	−0.015%	$3.2M	$4.9M	10x	as long as short
Binance AAPLUSDT	+0.0013%	8h	339.20	+0.030%	$22.3M	$67.0M	25x	as long as short
Extended AAPL_24_5-USD	+0.0016%	1h	339.12	+0.006%	$288K	$2.0M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.05	−0.016%	$755K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.11	+0.003%	$950K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.06	−0.012%	$270K	$70K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.99	−0.032%	—	$45K	25x	as long as short
Hotstuff AAPL-PERP	+0.0048%	1h	339.00	−0.029%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	338.98	−0.035%	$656K	$671K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.10	0.000%	$40.7M	$75.8M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.88	−0.065%	$262K	$396K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.10	0.000%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.85	−0.074%	$1.4M	$2.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.11	+0.003%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDTlong	+0.0100%	1h	339.10	long leg	$947K	$11.0M	50x
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.11	+0.003%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.05	−0.016%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.02	−0.024%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.33	+0.068%	$5K	$11K	20x	as long as short