Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Bybit−0.018%109s7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$5as 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−$270.269% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.219%+$22 on $10k

Price spread, last 7 days−0.022%−$2 · spread now −0.018%, 7d avg −0.024%

Together, before fees+0.197%+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 109 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	Bybit AAPLUSDT	339.18	0	get 0.0000% / 8h	2h 51m	$7.0M	$81.6M	100x
Short	ApeX Omni AAPLUSDT	339.12	0.0100	get 0.0013% / 1h	51m 40s	$947K	$11.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.018%Rate

Funding earned: $21
Price spread: −0.018% → −0.024%: $0.6
Slippage, 4 orders: −$5.92
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$5.31
Costs to cover: 0.269%
Break-even: 8.8 days

Slippage from Bybit: live order book, 2 min ago; ApeX Omni: live order book, 2 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 Bybit live order book, 2 min ago	0.15 bp	5.8 bp −$6	10.1 bp −$101	49.8 bp −$4,985	doesn't fit
Sell ApeX Omni live order book, 2 min ago	2.21 bp	7.8 bp −$8	9.2 bp −$92	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	−0.0940%	4h	339.21	+0.007%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0067%	1h	339.04	−0.042%	$555K	$38K	20x	as long as short
Hotstuff AAPL-PERP	−0.0040%	1h	339.05	−0.038%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.04	−0.041%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.12	−0.017%	$278K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.23	+0.015%	$21.9M	$67.1M	25x	as long as short
Bybit AAPLUSDTlong	0.0000%	8h	339.18	long leg	$7.0M	$81.6M	100x
OKX AAPL-USDT-SWAP	0.0000%	8h	339.20	+0.006%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.98	−0.059%	$3.0M	$4.6M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.31	+0.038%	$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	339.29	+0.031%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.30	+0.034%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.23	+0.015%	$580	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.09	−0.027%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.31	+0.038%	$52K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.26	+0.024%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0011%	8h	339.22	+0.012%	$342K	$168K	20x	as long as short
QFEX AAPL-USD	+0.0020%	1h	339.11	−0.021%	$3.2M	$4.4M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.00	−0.054%	$827K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.01	−0.050%	$940K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.05	−0.038%	$266K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.95	−0.068%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	339.08	−0.029%	$662K	$657K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.10	−0.024%	$40.5M	$76.2M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.07	−0.032%	$277K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.05	−0.038%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.00	−0.053%	$1.3M	$2.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.07	−0.032%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDTshort	+0.0100%	1h	339.12	−0.018%	$947K	$11.0M	50x
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.07	−0.032%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.07	−0.031%	$11K	—	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.29	+0.032%	$5K	$11K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.05	−0.038%	$191K	$44K	30x	as long as short