Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against SunX+0.018%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1101.103% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 3 days (all we have)+0.005%+$1 · spread now +0.018%, 7d avg −0.009%

Together, before fees−0.004%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.026% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAPL-USDT	339.13	0	get 0.0000% / 8h	1h 37m	$522	$4.8M	20x
Short	Bybit AAPLUSDT	339.19	0	get 0.0000% / 8h	1h 37m	$6.1M	$39.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → −0.009%: $2.64
Slippage, 4 orders: −$91.3
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$107.65
Costs to cover: 1.103%
Break-even: never at this rate

Slippage from SunX: live order book, 11 min ago; Bybit: live order book, 1 min ago.

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 SunX live order book, 11 min ago	44.67 bp	49.2 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.15 bp	5.8 bp −$6	9.2 bp −$92	33.4 bp −$3,338	doesn't fit

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	−0.0719%	4h	339.11	−0.007%	$81K	$325K	20x	as long as short
BloFin AAPL-USDT	−0.0020%	8h	339.15	+0.006%	$352K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.13	+0.001%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.10	−0.008%	$284K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.16	+0.009%	$22.4M	$67.4M	25x	as long as short
Bybit AAPLUSDTshort	0.0000%	8h	339.19	+0.018%	$6.1M	$39.6M	100x
OKX AAPL-USDT-SWAP	0.0000%	8h	339.06	−0.021%	$6.6M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.91	−0.065%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.14	+0.003%	$6.2M	$3.4M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.15	+0.007%	$2.4M	$1.4M	—	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	0.0000%	8h	339.13	0.000%	$14K	$498K	10x	as long as short
SunX AAPL-USDTlong	0.0000%	8h	339.13	long leg	$522	$4.8M	20x
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.87	−0.077%	$28K	$65K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.17	+0.012%	$53K	$222K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.15	+0.006%	$2.1M	$7K	10x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.07	−0.018%	$968K	$3.8M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.81	−0.094%	—	$53K	25x	as long as short
Lighter AAPL	+0.0048%	1h	339.05	−0.024%	$769K	$2.5M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.92	−0.062%	$265K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.04	−0.027%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.74	−0.115%	$1.5M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	339.05	−0.024%	$3.2M	$5.1M	10x	as long as short
Hotstuff AAPL-PERP	+0.0072%	1h	339.04	−0.027%	$36K	—	20x	as long as short
Nado AAPL-PERP	+0.0084%	1h	338.88	−0.073%	$556K	$34K	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.84	−0.086%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.79	−0.100%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.00	−0.038%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.05	−0.024%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	338.93	−0.059%	$659K	$675K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0186%	1h	339.03	−0.029%	$40.9M	$76.8M	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.66	+0.156%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0354%	1h	339.15	+0.006%	$2K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0364%	1h	339.03	−0.029%	$270K	$70K	20x	as long as short