Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: Aevo against Bybit−0.037%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.037% cheaper against Bybit than usual: you would sell low and buy high (spread −0.037% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 28 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAPLUSDT	338.65	0	get 0.0000% / 8h	7h 09m	$6.0M	$39.4M	100x
Short	Aevo AAPL-PERP	338.53	0.0104	get 0.0013% / 1h	9m 59s	$10K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now −0.037%Rate

Funding earned: $21.84
Price spread: −0.037% → 0.000%: −$3.69
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$8.85
Costs to cover: 0.270%
Break-even: 9.8 days

Slippage unknown: Bybit: live order book, 4 min ago; Aevo: 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 Bybit live order book, 4 min ago	0.15 bp	5.9 bp −$6	9.7 bp −$97	49.6 bp −$4,962	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.0850%	4h	338.57	−0.023%	$81K	$327K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0311%	1h	338.31	−0.100%	$28K	$67K	10x	as long as short
Nado AAPL-PERP	−0.0025%	1h	338.55	−0.030%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.66	+0.002%	$122K	$291K	20x	as long as short
Bybit AAPLUSDTlong	0.0000%	8h	338.65	long leg	$6.0M	$39.4M	100x
OKX AAPL-USDT-SWAP	0.0000%	8h	338.68	+0.009%	$6.4M	$6.6M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.39	−0.077%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.68	+0.009%	$6.2M	$3.4M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.67	+0.006%	$17K	$433K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.62	−0.009%	$603	$4.7M	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AAPL-USDT	0.0000%	8h	338.73	+0.024%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.60	−0.015%	$2.1M	$6K	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.51	−0.042%	$765K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.56	−0.027%	$956K	$3.6M	20x	as long as short
Hotstuff AAPL-PERP	+0.0032%	1h	338.60	−0.015%	$36K	—	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.47	−0.053%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.59	−0.018%	$40.8M	$75.9M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.34	−0.092%	$263K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.59	−0.018%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.34	−0.092%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	338.60	−0.015%	$3.3M	$5.0M	10x	as long as short
Variational Omni AAPL	+0.0060%	8h	338.62	−0.010%	$2.4M	$1.4M	—	as long as short
BloFin AAPL-USDT	+0.0068%	8h	338.81	+0.047%	$345K	$169K	20x	as long as short
Binance AAPLUSDT	+0.0087%	8h	338.63	−0.006%	$22.2M	$66.8M	25x	as long as short
Extended AAPL_24_5-USD	+0.0088%	1h	338.56	−0.028%	$284K	$2.0M	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.63	−0.006%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.51	−0.041%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.50	−0.044%	$4K	—	10x	as long as short
Aevo AAPL-PERPshort	+0.0104%	1h	338.53	−0.037%	$10K	—	10x
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	338.51	−0.041%	$655K	$670K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.52	−0.038%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	338.71	+0.018%	$5K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0406%	1h	338.56	−0.027%	$269K	$70K	20x	as long as short