Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against Bybit−0.024%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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. SoDEX is 0.024% cheaper against Bybit than usual: you would sell low and buy high (spread −0.024% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 38 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAPLUSDT	339.10	0	get 0.0000% / 8h	3h 24m	$5.9M	$70.1M	100x
Short	SoDEX AAPL-USD	339.02	0.0050	get 0.0006% / 1h	24m 51s	$75K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.024%Rate

Funding earned: $10.5
Price spread: −0.024% → 0.000%: −$2.36
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$10.86
Costs to cover: 0.190%
Break-even: 14.2 days

Slippage unknown: Bybit: live order book, 4 min ago; SoDEX: 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	6.0 bp −$6	9.6 bp −$96	47.7 bp −$4,771	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.0890%	4h	339.07	−0.008%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0065%	1h	339.07	−0.010%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.04	−0.017%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.02	−0.023%	$287K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.13	+0.007%	$21.9M	$67.1M	25x	as long as short
Bybit AAPLUSDTlong	0.0000%	8h	339.10	long leg	$5.9M	$70.1M	100x
OKX AAPL-USDT-SWAP	0.0000%	8h	339.11	+0.003%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.93	−0.050%	$3.0M	$4.5M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.16	+0.018%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.12	+0.004%	$2.4M	$1.4M	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	339.09	−0.003%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.10	0.000%	$570	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.06	−0.012%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.20	+0.029%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.13	+0.009%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0023%	8h	339.11	+0.003%	$340K	$168K	20x	as long as short
Hotstuff AAPL-PERP	+0.0024%	1h	339.02	−0.024%	$36K	—	20x	as long as short
QFEX AAPL-USD	+0.0030%	1h	338.98	−0.035%	$3.2M	$4.5M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.98	−0.036%	$783K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.02	−0.024%	$943K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.96	−0.041%	$266K	$61K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.85	−0.074%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.03	−0.021%	$40.5M	$76.1M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.03	−0.021%	$278K	$408K	10x	as long as short
SoDEX AAPL-USDshort	+0.0050%	1h	339.02	−0.024%	$75K	$3K	10x
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.87	−0.068%	$1.3M	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	338.78	−0.094%	$661K	$657K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.01	−0.027%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.88	−0.065%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.02	−0.024%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.98	−0.034%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.89	−0.062%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.20	+0.029%	$5K	$11K	20x	as long as short