Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.004%

Price spread now: Variational Omni against SoDEX+0.069%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Variational Omni

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

The price spread pays, funding is against you. Variational Omni is 0.069% dearer against SoDEX than usual: you sell high and buy low (spread +0.069% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AAPL-USD	339.05	0.0050	pay 0.0006% / 1h	51m 39s	$75K	$3K	10x
Short	Variational Omni AAPL	339.29	0	get 0.0000% / 8h	2h 51m	$2.4M	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SoDEX. 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 SoDEXbpFee Variational OmnibpOrdersPrice spread, now +0.069%Rate

Funding earned: −$10.5
Price spread: +0.069% → 0.000%: $6.93
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$11.57
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Variational Omni: RFQ quote, 2 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 SoDEX no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 2 min ago	2.03 bp	doesn't fit	6.5 bp −$65	doesn't fit	doesn't fit

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	−0.0940%	4h	339.21	+0.046%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0067%	1h	339.04	−0.004%	$555K	$38K	20x	as long as short
Hotstuff AAPL-PERP	−0.0040%	1h	339.05	0.000%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.04	−0.003%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.12	+0.021%	$278K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.23	+0.053%	$21.9M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.18	+0.038%	$7.0M	$81.6M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.20	+0.044%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.98	−0.021%	$3.0M	$4.6M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.31	+0.077%	$6.2M	$3.5M	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 AAPLshort	0.0000%	8h	339.29	+0.069%	$2.4M	$1.4M	—
GRVT AAPL_USDT_Perp	0.0000%	8h	339.30	+0.072%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.23	+0.053%	$580	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.09	+0.012%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.31	+0.077%	$52K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.26	+0.062%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0011%	8h	339.22	+0.050%	$342K	$168K	20x	as long as short
QFEX AAPL-USD	+0.0020%	1h	339.11	+0.018%	$3.2M	$4.4M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.00	−0.015%	$827K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.01	−0.012%	$940K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.05	0.000%	$266K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.95	−0.029%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	339.08	+0.009%	$662K	$657K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.10	+0.015%	$40.5M	$76.2M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.07	+0.006%	$277K	$408K	10x	as long as short
SoDEX AAPL-USDlong	+0.0050%	1h	339.05	long leg	$75K	$3K	10x
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.00	−0.015%	$1.3M	$2.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.07	+0.006%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.12	+0.021%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.07	+0.006%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.07	+0.007%	$11K	—	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.29	+0.071%	$5K	$11K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.05	0.000%	$191K	$44K	30x	as long as short