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 +0.013%

Price spread now: Ondo Perps against GRVT−0.053%53s7-day average −0.095% · you buy dearer than you sell

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

Long on GRVT Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.108%+$11 on $10k

Price spread, last 4 days (all we have)−0.075%−$7 · spread now −0.053%, 7d avg −0.095%

Together, before fees+0.033%+ Points / potential airdropGRVT: Active · Ondo Perps: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.042% dearer against GRVT than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.095%. The two prices were read 53 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	GRVT AAPL_USDT_Perp	338.85	0	get 0.0000% / 8h	3h 49m	$16K	$411K	10x
Short	Ondo Perps AAPL-USD.P	338.67	0.0050	get 0.0006% / 1h	49m 48s	$1.3M	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against GRVT. 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 GRVTbpFee Ondo PerpsbpOrdersPrice spread, now −0.053%Rate

Funding earned: $10.58
Price spread: −0.053% → −0.095%: $4.22
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $0.8
Costs to cover: 0.140%
Break-even: 6.5 days

Slippage unknown: GRVT: live order book, 3 min ago; Ondo Perps: 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 GRVT live order book, 3 min ago	1.33 bp	6.2 bp −$6	9.5 bp −$95	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0446%	4h	338.80	−0.016%	$81K	$327K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0193%	1h	338.61	−0.071%	$28K	$67K	10x	as long as short
Nado AAPL-PERP	−0.0122%	1h	338.82	−0.008%	$554K	$38K	20x	as long as short
BloFin AAPL-USDT	0.0000%	8h	338.91	+0.018%	$341K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.79	−0.018%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.81	−0.013%	$284K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.90	+0.013%	$21.9M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.85	0.000%	$7.2M	$58.0M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.89	+0.012%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.64	−0.062%	$3.0M	$4.3M	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	338.94	+0.027%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	338.92	+0.019%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perplong	0.0000%	8h	338.85	long leg	$16K	$411K	10x
SunX AAPL-USDT	0.0000%	8h	338.91	+0.018%	$830	$4.6M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	338.99	+0.041%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.97	+0.035%	$2.1M	$7K	10x	as long as short
Hotstuff AAPL-PERP	+0.0008%	1h	338.74	−0.032%	$36K	—	20x	as long as short
QFEX AAPL-USD	+0.0030%	1h	338.84	−0.003%	$3.2M	$4.5M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.74	−0.032%	$782K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.74	−0.032%	$946K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.74	−0.032%	$266K	$65K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.69	−0.047%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.75	−0.030%	$40.5M	$76.0M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.76	−0.027%	$278K	$405K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.77	−0.024%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.Pshort	+0.0050%	1h	338.67	−0.053%	$1.3M	$2.5M	20x
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	338.78	−0.021%	$659K	$652K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.58	−0.080%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.72	−0.038%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.77	−0.024%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.78	−0.020%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.63	−0.065%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	338.85	0.000%	$5K	$11K	20x	as long as short