Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h −0.021%

Price spread now: Variational Omni against Ondo Perps+0.090%7-day average +0.092% · you sell dearer than you buy

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

Long on Ondo Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.056%−$6 on $10k

Price spread, last 7 days−0.012%−$1 · spread now +0.090%, 7d avg +0.092%

Together, before fees−0.068%+ Points / potential airdropOndo Perps: Active · Variational Omni: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.092%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps AAPL-USD.P	338.86	0.0050	pay 0.0006% / 1h	49m 26s	$1.4M	$2.4M	20x
Short	Variational Omni AAPL	339.17	0.0034	get 0.0034% / 8h	49m 26s	$2.4M	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Ondo Perps. 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 Ondo PerpsbpFee Variational OmnibpOrdersPrice spread, now +0.090%Rate

Funding earned: −$3.4
Price spread: +0.090% → +0.092%: −$0.19
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$8.59
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Variational Omni: RFQ quote, 5 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 5 min ago	2.03 bp	doesn't fit	5.8 bp −$58	doesn't fit	doesn't fit

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	−0.0600%	4h	339.13	+0.080%	$81K	$326K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.01	+0.045%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.22	+0.106%	$6.1M	$39.8M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.16	+0.089%	$6.5M	$7.0M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.95	+0.027%	$3.0M	$4.2M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.12	+0.078%	$14K	$498K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.15	+0.086%	$797	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.24	+0.112%	$52K	$222K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.17	+0.091%	$2.1M	$7K	10x	as long as short
Bitget AAPLUSDT	+0.0024%	8h	339.19	+0.097%	$6.2M	$3.4M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH AAPL	+0.0032%	1h	339.07	+0.062%	$964K	$3.7M	20x	as long as short
Variational Omni AAPLshort	+0.0034%	8h	339.17	+0.090%	$2.4M	$1.4M	—
Vest AAPL-USD-PERP	+0.0046%	1h	338.80	−0.018%	—	$53K	25x	as long as short
BloFin AAPL-USDT	+0.0048%	8h	339.18	+0.094%	$306K	$167K	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.96	+0.030%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.04	+0.053%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.Plong	+0.0050%	1h	338.86	long leg	$1.4M	$2.4M	20x
Extended AAPL_24_5-USD	+0.0064%	1h	339.10	+0.070%	$285K	$1.5M	10x	as long as short
QFEX AAPL-USD	+0.0064%	1h	339.07	+0.062%	$3.2M	$5.1M	10x	as long as short
Binance AAPLUSDT	+0.0065%	8h	339.16	+0.089%	$22.4M	$67.2M	25x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.87	+0.003%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.78	−0.024%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.02	+0.047%	$4K	—	10x	as long as short
Lighter AAPL	+0.0104%	1h	339.03	+0.051%	$773K	$2.4M	20x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.10	+0.070%	$11K	—	10x	as long as short
Nado AAPL-PERP	+0.0122%	1h	338.84	−0.005%	$556K	$35K	20x	as long as short
Hotstuff AAPL-PERP	+0.0136%	1h	339.03	+0.050%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0192%	1h	339.03	+0.050%	$660K	$677K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.57	+0.210%	$191K	$44K	30x	as long as short
tradeXYZ xyz:AAPL	+0.0223%	1h	339.03	+0.050%	$40.9M	$76.4M	20x	as long as short
Phoenix AAPL	+0.0330%	1h	339.19	+0.097%	$2K	$8K	20x	as long as short
Arcus AAPL-USD	+0.0397%	1h	339.04	+0.053%	$270K	$71K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0429%	1h	339.04	+0.053%	$28K	$65K	10x	as long as short