Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%

Price spread now: OKX against Deribit+0.062%46s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on OKX

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.062% dearer against Deribit than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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	Deribit AAPL_USDC-PERPETUAL	338.81	0	get 0.0000% / 1h	23m 34s	$28K	$67K	10x
Short	OKX AAPL-USDT-SWAP	339.02	0	get 0.0000% / 8h	4h 23m	$6.3M	$6.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Deribit. 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 DeribitbpFee OKXbpOrdersPrice spread, now +0.062%Rate

Funding earned: $0
Price spread: +0.062% → 0.000%: $6.2
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$10.8
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; OKX: live order book, 4 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell OKX live order book, 4 min ago	0.15 bp	6.2 bp −$6	11.1 bp −$111	doesn't fit	doesn't fit

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
edgeX AAPLUSDC	−0.0366%	4h	338.95	+0.043%	$81K	$326K	20x	as long as short
BloFin AAPL-USDT	−0.0022%	8h	338.96	+0.044%	$342K	$168K	20x	as long as short
Nado AAPL-PERP	−0.0020%	1h	338.77	−0.012%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.82	+0.003%	$122K	$290K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.87	+0.018%	$284K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.97	+0.048%	$22.1M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.93	+0.035%	$5.9M	$39.9M	100x	as long as short
OKX AAPL-USDT-SWAPshort	0.0000%	8h	339.02	+0.062%	$6.3M	$6.8M	25x
Gate AAPL_USDT	0.0000%	8h	338.74	−0.021%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.03	+0.065%	$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	339.00	+0.055%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.92	+0.031%	$17K	$425K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.02	+0.062%	$315	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUALlong	0.0000%	1h	338.81	long leg	$28K	$67K	10x
HTX AAPL-USDT	0.0000%	8h	339.12	+0.091%	$52K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.99	+0.053%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0031%	1h	338.93	+0.035%	$3.2M	$4.7M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.81	−0.001%	$781K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.84	+0.009%	$947K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.87	+0.018%	$266K	$67K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.72	−0.027%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.82	+0.003%	$40.5M	$75.9M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.82	+0.003%	$278K	$420K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.88	+0.021%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.75	−0.018%	$1.3M	$2.5M	20x	as long as short
Hotstuff AAPL-PERP	+0.0072%	1h	338.89	+0.024%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0080%	1h	338.78	−0.009%	$659K	$661K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.85	+0.012%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.77	−0.012%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.89	+0.024%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.89	+0.024%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.71	−0.030%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	339.03	+0.065%	$5K	$11K	20x	as long as short