Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bybit+0.012%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days−0.049%−$5 · spread now +0.012%, 7d avg −0.014%

Together, before fees−0.051%−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.025% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAPLUSDT	338.97	0	get 0.0000% / 8h	4h 22m	$5.9M	$39.9M	100x
Short	OKX AAPL-USDT-SWAP	339.01	0	get 0.0000% / 8h	4h 22m	$6.3M	$6.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → −0.014%: $2.53
Slippage, 4 orders: −$4.58
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$23.05
Costs to cover: 0.256%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; OKX: live order book, 6 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	6.1 bp −$6	9.9 bp −$99	47.0 bp −$4,702	doesn't fit
Sell OKX live order book, 6 min ago	0.15 bp	6.2 bp −$6	11.1 bp −$111	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	−0.0366%	4h	338.95	−0.005%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0019%	1h	338.81	−0.048%	$554K	$38K	20x	as long as short
BloFin AAPL-USDT	−0.0008%	8h	339.00	+0.009%	$342K	$168K	20x	as long as short
Hotstuff AAPL-PERP	−0.0008%	1h	338.82	−0.044%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.83	−0.042%	$122K	$290K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.90	−0.020%	$284K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.99	+0.006%	$22.1M	$67.1M	25x	as long as short
Bybit AAPLUSDTlong	0.0000%	8h	338.97	long leg	$5.9M	$39.9M	100x
OKX AAPL-USDT-SWAPshort	0.0000%	8h	339.01	+0.012%	$6.3M	$6.8M	25x
Gate AAPL_USDT	0.0000%	8h	338.73	−0.071%	$3.0M	$4.2M	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	339.02	+0.015%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.00	+0.007%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.92	−0.016%	$17K	$425K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.99	+0.006%	$342	$4.6M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.10	+0.038%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.00	+0.009%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0031%	1h	338.96	−0.003%	$3.2M	$4.7M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.84	−0.037%	$781K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.87	−0.030%	$947K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.87	−0.030%	$266K	$67K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.73	−0.071%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.86	−0.032%	$40.6M	$75.9M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.82	−0.044%	$278K	$420K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.85	−0.035%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.75	−0.065%	$1.3M	$2.5M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0075%	1h	338.86	−0.032%	$28K	$67K	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0080%	1h	338.78	−0.056%	$659K	$661K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.86	−0.032%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.77	−0.059%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.84	−0.038%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.88	−0.025%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.71	−0.077%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	339.03	+0.018%	$5K	$11K	20x	as long as short