Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0167%/8h= +18.3% APRpaid last 24h +0.207%

Price spread now: Bybit against edgeX−0.001%51s7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs+$17as 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 edgeX Short on Bybit

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)−0.126%−$13 · spread now −0.001%, 7d avg +0.003%

Together, before fees+0.365%+ Points / potential airdropedgeX: Active · farm board+$37 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 51 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	edgeX AAPLUSDC	339.70	−0.0167	get 0.0084% / 4h	40m 46s	$81K	$326K	20x
Short	Bybit AAPLUSDT	339.70	0	get 0.0000% / 8h	40m 46s	$6.1M	$133.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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 edgeXbpFee BybitbpOrdersPrice spread, now −0.001%Rate

Funding earned: $35.08
Price spread: −0.001% → +0.003%: −$0.34
Slippage, 4 orders: −$11.94
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $2.8
Costs to cover: 0.319%
Break-even: 6.4 days

Slippage from edgeX: live order book, 62 min ago; Bybit: live order book, 3 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 edgeX live order book, 62 min ago	4.86 bp	9.9 bp −$10	17.6 bp −$176	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.15 bp	5.6 bp −$6	6.2 bp −$62	20.7 bp −$2,069	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 AAPLUSDClong	−0.0167%	4h	339.70	long leg	$81K	$326K	20x
Nado AAPL-PERP	−0.0147%	1h	339.75	+0.014%	$556K	$37K	20x	as long as short
BloFin AAPL-USDT	−0.0008%	8h	339.74	+0.011%	$342K	$167K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.70	−0.002%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.68	−0.007%	$289K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.77	+0.020%	$22.1M	$67.4M	25x	as long as short
Bybit AAPLUSDTshort	0.0000%	8h	339.70	−0.001%	$6.1M	$133.5M	100x
OKX AAPL-USDT-SWAP	0.0000%	8h	339.73	+0.008%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.57	−0.039%	$3.0M	$5.3M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.76	+0.017%	$6.2M	$3.6M	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	+0.021%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.71	+0.003%	$13K	$410K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.76	+0.017%	$646	$4.5M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.67	−0.010%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.80	+0.029%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.81	+0.032%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0027%	1h	339.67	−0.010%	$3.2M	$4.2M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.71	+0.002%	$941K	$2.7M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.70	−0.001%	$950K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.61	−0.027%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.66	−0.012%	—	$45K	25x	as long as short
Hotstuff AAPL-PERP	+0.0048%	1h	339.72	+0.005%	$36K	—	20x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.74	+0.011%	$40.6M	$76.2M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.64	−0.018%	$279K	$424K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.73	+0.008%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.59	−0.033%	$1.3M	$2.4M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0064%	1h	339.55	−0.045%	$660K	$661K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.52	−0.054%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.66	−0.012%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.62	−0.024%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.67	−0.009%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.61	+0.267%	$192K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	339.88	+0.052%	$5K	$12K	20x	as long as short