Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0257%/8h= −28.2% APRpaid last 24h −0.207%

Price spread now: edgeX against Bybit−0.040%81s7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as 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−$320.319% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.492%−$49 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.040%, 7d avg −0.003%

Together, before fees−0.414%+ Points / potential airdropedgeX: Active · farm board−$41 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and edgeX is 0.037% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.003%). Swap the legs. The two prices were read 81 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	339.75	0	get 0.0000% / 8h	1h 32m	$7.0M	$111.9M	100x
Short	edgeX AAPLUSDC	339.61	−0.0257	pay 0.0129% / 4h	1h 32m	$81K	$327K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$54.07
Price spread: −0.040% → −0.003%: −$3.74
Slippage, 4 orders: −$11.94
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$89.75
Costs to cover: 0.319%
Break-even: never at this rate

Slippage from Bybit: live order book, 7 min ago; edgeX: live order book, 11 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, 7 min ago	0.15 bp	5.6 bp −$6	6.4 bp −$64	24.8 bp −$2,480	doesn't fit
Sell edgeX live order book, 11 min ago	4.86 bp	10.8 bp −$11	18.4 bp −$184	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 AAPLUSDCshort	−0.0257%	4h	339.61	−0.040%	$81K	$327K	20x
Nado AAPL-PERP	−0.0058%	1h	339.63	−0.034%	$556K	$38K	20x	as long as short
BloFin AAPL-USDT	−0.0007%	8h	339.71	−0.012%	$342K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.64	−0.032%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.63	−0.036%	$285K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.71	−0.012%	$22.1M	$67.7M	25x	as long as short
Bybit AAPLUSDTlong	0.0000%	8h	339.75	long leg	$7.0M	$111.9M	100x
OKX AAPL-USDT-SWAP	0.0000%	8h	339.70	−0.015%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.48	−0.079%	$3.0M	$5.0M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.76	+0.003%	$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	339.77	+0.007%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.70	−0.016%	$16K	$402K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.69	−0.018%	$540	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.61	−0.041%	$28K	$68K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.79	+0.012%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.77	+0.006%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.65	−0.029%	$3.3M	$4.3M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.66	−0.026%	$663K	$663K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.64	−0.032%	$907K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.65	−0.029%	$944K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.60	−0.044%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.58	−0.050%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.64	−0.032%	$40.6M	$76.5M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.64	−0.032%	$279K	$417K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.63	−0.035%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.50	−0.074%	$1.3M	$2.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.55	−0.059%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.58	−0.050%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.57	−0.053%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.60	−0.044%	$11K	$102	10x	as long as short
Hotstuff AAPL-PERP	+0.0112%	1h	339.63	−0.035%	$36K	—	20x	as long as short
Phoenix AAPL	+0.0212%	1h	339.80	+0.015%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.58	−0.050%	$191K	$44K	30x	as long as short