Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1019%/8h= +111.5% APRpaid last 24h +0.171%

Price spread now: Orderly against edgeX−0.023%71s7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Orderly

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.023% cheaper against edgeX than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 2 hours of funding at the current rate (+$31 a day). The two prices were read 71 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	338.99	−0.0919	get 0.0459% / 4h	3h 55m	$81K	$327K	20x
Short	Orderly PERP_AAPL_USDC_mythos	338.91	0.0100	get 0.0100% / 8h	7h 55m	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.023%Rate

Funding earned: $213.92
Price spread: −0.023% → 0.000%: −$2.31
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: $196.61
Costs to cover: 0.150%
Break-even: 0.6 days

Slippage unknown: edgeX: live order book, 17 min ago; Orderly: 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 edgeX live order book, 17 min ago	5.31 bp	10.2 bp −$10	16.9 bp −$169	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 AAPLUSDClong	−0.0919%	4h	338.99	long leg	$81K	$327K	20x
Nado AAPL-PERP	−0.0118%	1h	338.93	−0.016%	$557K	$36K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.99	0.000%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.03	+0.012%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.98	−0.002%	$6.5M	$6.6M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.75	−0.070%	$3.0M	$4.2M	100x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.98	−0.002%	$749	$4.7M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.92	−0.020%	$28K	$66K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.08	+0.027%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.04	+0.015%	$2.1M	$6K	10x	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	+0.0023%	8h	339.04	+0.015%	$13K	$490K	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.88	−0.031%	$771K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.92	−0.020%	$957K	$3.6M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.73	−0.076%	—	$53K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.90	−0.026%	$40.8M	$76.3M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.83	−0.047%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.90	−0.026%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.62	−0.109%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	338.91	−0.023%	$3.2M	$5.1M	10x	as long as short
Hotstuff AAPL-PERP	+0.0064%	1h	338.92	−0.020%	$36K	—	20x	as long as short
Bitget AAPLUSDT	+0.0087%	8h	339.01	+0.006%	$6.2M	$3.4M	100x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.73	−0.076%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.80	−0.056%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythosshort	+0.0100%	8h	338.91	−0.023%	$4K	—	10x
Variational Omni AAPL	+0.0104%	8h	338.99	−0.001%	$2.4M	$1.4M	—	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.05	+0.018%	$11K	—	10x	as long as short
Binance AAPLUSDT	+0.0124%	8h	338.99	0.000%	$22.3M	$67.0M	25x	as long as short
Extended AAPL_24_5-USD	+0.0128%	1h	338.93	−0.017%	$285K	$1.5M	10x	as long as short
BloFin AAPL-USDT	+0.0145%	8h	339.00	+0.003%	$346K	$170K	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	339.03	+0.012%	$660K	$675K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.80	−0.056%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	339.13	+0.042%	$5K	$8K	20x	as long as short
Arcus AAPL-USD	+0.0406%	1h	338.86	−0.038%	$269K	$70K	20x	as long as short