Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.017%

Price spread now: ApeX Omni against Binance−0.061%89s7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$6as 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−$260.257% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.197%+$20 on $10k

Price spread, last 7 days+0.029%+$3 · spread now −0.061%, 7d avg −0.049%

Together, before fees+0.225%+$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.049%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 89 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	Binance AAPLUSDT	340.07	0	get 0.0000% / 8h	7h 46m	$22.2M	$67.3M	25x
Short	ApeX Omni AAPLUSDT	339.86	0.0100	get 0.0013% / 1h	46m 04s	$949K	$11.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now −0.061%Rate

Funding earned: $21
Price spread: −0.061% → −0.049%: −$1.15
Slippage, 4 orders: −$5.67
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$5.82
Costs to cover: 0.257%
Break-even: 8.9 days

Slippage from Binance: live order book, 11 min ago; ApeX Omni: live order book, 3 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 Binance live order book, 11 min ago	0.15 bp	5.4 bp −$5	7.7 bp −$77	36.6 bp −$3,657	doesn't fit
Sell ApeX Omni live order book, 3 min ago	2.35 bp	7.5 bp −$8	9.3 bp −$93	doesn't fit	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	−0.0921%	4h	339.95	−0.034%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0019%	1h	339.87	−0.057%	$556K	$36K	20x	as long as short
Hotstuff AAPL-PERP	−0.0008%	1h	340.04	−0.008%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.91	−0.045%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.98	−0.025%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDTlong	0.0000%	8h	340.07	long leg	$22.2M	$67.3M	25x
OKX AAPL-USDT-SWAP	0.0000%	8h	340.05	−0.005%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.91	−0.046%	$3.0M	$5.6M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	340.05	−0.005%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	340.04	−0.009%	$2.5M	$1.2M	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	340.04	−0.008%	$13K	$349K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	340.10	+0.010%	$463	$4.4M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.89	−0.052%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	340.18	+0.033%	$62K	$244K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	340.07	+0.001%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0010%	1h	340.03	−0.011%	$3.2M	$4.2M	10x	as long as short
BloFin AAPL-USDT	+0.0022%	8h	340.13	+0.018%	$344K	$166K	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.92	−0.043%	$663K	$656K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.98	−0.026%	$932K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.96	−0.032%	$957K	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.96	−0.032%	$267K	$59K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.86	−0.061%	—	$45K	25x	as long as short
Bybit AAPLUSDT	+0.0047%	8h	340.12	+0.016%	$6.3M	$180.4M	100x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.85	−0.064%	$279K	$375K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	340.01	−0.017%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.89	−0.052%	$1.3M	$2.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.91	−0.046%	$1.4M	$66K	20x	as long as short
ApeX Omni AAPLUSDTshort	+0.0100%	1h	339.86	−0.061%	$949K	$11.0M	50x
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.94	−0.037%	$4K	—	10x	as long as short
tradeXYZ xyz:AAPL	+0.0101%	1h	339.99	−0.023%	$40.3M	$76.6M	20x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.93	−0.041%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	340.13	+0.018%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.55	+0.142%	$192K	$44K	30x	as long as short