Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SoDEX against Orderly+0.027%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. SoDEX is 0.027% dearer against Orderly than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AAPL_USDC_mythos	338.93	0.0100	pay 0.0100% / 8h	2h 01m	$4K	—	10x
Short	SoDEX AAPL-USD	339.02	0.0050	get 0.0006% / 1h	1m 15s	$75K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Orderly. 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 OrderlybpFee SoDEXbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$10.5
Price spread: +0.027% → 0.000%: $2.66
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$21.84
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; SoDEX: 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 Orderly no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

Orderly and SoDEX: 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	−0.0993%	4h	339.02	+0.027%	$81K	$326K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.09	+0.047%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.06	+0.040%	$284K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.11	+0.053%	$22.3M	$67.5M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.13	+0.059%	$6.1M	$25.6M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.07	+0.041%	$6.6M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.88	−0.015%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.12	+0.056%	$6.2M	$3.4M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.06	+0.037%	$2.5M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.05	+0.035%	$14K	$510K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AAPL-USDT	0.0000%	8h	339.10	+0.050%	$773	$4.8M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.84	−0.027%	$28K	$65K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.22	+0.086%	$53K	$223K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.17	+0.071%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0021%	8h	339.07	+0.041%	$354K	$165K	20x	as long as short
Lighter AAPL	+0.0032%	1h	338.95	+0.007%	$768K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.00	+0.021%	$970K	$3.9M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.71	−0.065%	—	$53K	25x	as long as short
QFEX AAPL-USD	+0.0049%	1h	339.06	+0.038%	$3.2M	$5.0M	10x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.80	−0.038%	$264K	$392K	10x	as long as short
SoDEX AAPL-USDshort	+0.0050%	1h	339.02	+0.027%	$75K	$3K	10x
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.78	−0.044%	$1.5M	$2.4M	20x	as long as short
Nado AAPL-PERP	+0.0089%	1h	338.78	−0.045%	$556K	$35K	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.77	−0.047%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.76	−0.050%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythoslong	+0.0100%	8h	338.93	long leg	$4K	—	10x
Aevo AAPL-PERP	+0.0104%	1h	339.00	+0.021%	$11K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0128%	1h	339.00	+0.021%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0144%	1h	339.00	+0.021%	$661K	$675K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.46	+0.156%	$191K	$44K	30x	as long as short
tradeXYZ xyz:AAPL	+0.0223%	1h	339.03	+0.030%	$41.0M	$77.1M	20x	as long as short
Phoenix AAPL	+0.0283%	1h	339.02	+0.027%	$2K	$12K	20x	as long as short
Arcus AAPL-USD	+0.0310%	1h	339.01	+0.024%	$270K	$70K	20x	as long as short