Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0281%/8h= −30.7% APRpaid last 24h +0.008%

Price spread now: Deribit against Bybit−0.062%45s7-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 Deribit

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

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Deribit is 0.062% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 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	339.19	0	get 0.0000% / 8h	3h 00m	$5.8M	$75.6M	100x
Short	Deribit AAPL_USDC-PERPETUAL	338.98	−0.0281	pay 0.0035% / 1h	0m 30s	$28K	$67K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$58.95
Price spread: −0.062% → 0.000%: −$6.19
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$83.14
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; Deribit: 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, 3 min ago	0.15 bp	6.0 bp −$6	9.8 bp −$98	51.4 bp −$5,142	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
Deribit AAPL_USDC-PERPETUALshort	−0.0281%	1h	338.98	−0.062%	$28K	$67K	10x
Nado AAPL-PERP	−0.0098%	1h	339.19	0.000%	$555K	$38K	20x	as long as short
edgeX AAPLUSDC	−0.0071%	4h	339.13	−0.017%	$81K	$328K	20x	as long as short
BloFin AAPL-USDT	−0.0013%	8h	339.22	+0.009%	$341K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.22	+0.009%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.14	−0.016%	$278K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.22	+0.010%	$22.0M	$67.1M	25x	as long as short
Bybit AAPLUSDTlong	0.0000%	8h	339.19	long leg	$5.8M	$75.6M	100x
OKX AAPL-USDT-SWAP	0.0000%	8h	339.17	−0.006%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.94	−0.074%	$3.0M	$4.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	339.28	+0.027%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.21	+0.007%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.25	+0.018%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.20	+0.003%	$824	$4.6M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.28	+0.027%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.26	+0.021%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0030%	1h	339.10	−0.027%	$3.2M	$4.4M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.04	−0.044%	$821K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.07	−0.035%	$938K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.02	−0.050%	$266K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.07	−0.035%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.14	−0.015%	$40.5M	$76.2M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.13	−0.018%	$278K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.09	−0.029%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.91	−0.083%	$1.3M	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	339.08	−0.032%	$662K	$657K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.18	−0.003%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.05	−0.041%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.10	−0.027%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.10	−0.026%	$11K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0144%	1h	339.08	−0.032%	$36K	—	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.96	−0.068%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.27	+0.024%	$5K	$11K	20x	as long as short