Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.002%

Price spread now: Ondo Perps against Binance−0.050%46s7-day average −0.093% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 7 days−0.047%−$5 · spread now −0.050%, 7d avg −0.093%

Together, before fees+0.051%+ Points / potential airdropOndo Perps: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.043% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.093%. The two prices were read 46 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	340.04	0	get 0.0000% / 8h	7h 48m	$22.2M	$67.3M	25x
Short	Ondo Perps AAPL-USD.P	339.87	0.0050	get 0.0006% / 1h	48m 53s	$1.3M	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.050%Rate

Funding earned: $10.58
Price spread: −0.050% → −0.093%: $4.28
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$0.13
Costs to cover: 0.150%
Break-even: 7.1 days

Slippage unknown: Binance: live order book, 8 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 8 min ago	0.15 bp	5.4 bp −$5	7.7 bp −$77	36.6 bp −$3,657	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0110%	4h	340.11	+0.022%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0023%	1h	339.84	−0.058%	$556K	$36K	20x	as long as short
BloFin AAPL-USDT	−0.0011%	8h	340.04	0.000%	$344K	$166K	20x	as long as short
Hotstuff AAPL-PERP	−0.0008%	1h	339.93	−0.033%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.90	−0.041%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.94	−0.028%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDTlong	0.0000%	8h	340.04	long leg	$22.2M	$67.3M	25x
OKX AAPL-USDT-SWAP	0.0000%	8h	340.00	−0.012%	$6.3M	$7.0M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.84	−0.059%	$3.0M	$5.6M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	340.04	0.000%	$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	340.04	−0.002%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	340.12	+0.025%	$13K	$349K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	340.00	−0.012%	$510	$4.4M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.83	−0.062%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	340.08	+0.012%	$62K	$244K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	340.07	+0.009%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0010%	1h	339.90	−0.041%	$3.2M	$4.2M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.92	−0.035%	$663K	$658K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.94	−0.028%	$932K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.94	−0.030%	$956K	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.90	−0.041%	$267K	$59K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.77	−0.080%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.76	−0.083%	$279K	$375K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.92	−0.035%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.Pshort	+0.0050%	1h	339.87	−0.050%	$1.3M	$2.3M	20x
Bybit AAPLUSDT	+0.0067%	8h	340.15	+0.032%	$6.4M	$179.7M	100x	as long as short
tradeXYZ xyz:AAPL	+0.0095%	1h	339.96	−0.024%	$40.3M	$76.6M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.90	−0.041%	$1.4M	$64K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.94	−0.030%	$950K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.91	−0.038%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.86	−0.054%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	340.13	+0.026%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.55	+0.150%	$192K	$44K	30x	as long as short