Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.012%

Price spread now: Ondo Perps against tradeXYZ−0.089%7-day average +0.016% · you buy dearer than you sell

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

Long on tradeXYZ Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.139%+$14 on $10k

Price spread, last 7 days+0.054%+$5 · spread now −0.089%, 7d avg +0.016%

Together, before fees+0.193%+ Points / potential airdroptradeXYZ: Active · Ondo Perps: Active · farm board+$19 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: Ondo Perps is 0.104% cheaper against tradeXYZ than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AAPL	338.89	0.0050	pay 0.0006% / 1h	47m 26s	$40.8M	$76.0M	20x
Short	Ondo Perps AAPL-USD.P	338.59	0.0050	get 0.0006% / 1h	47m 26s	$1.4M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against tradeXYZ. 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 tradeXYZbpFee Ondo PerpsbpOrdersPrice spread, now −0.089%Rate

Funding earned: $0.08
Price spread: −0.089% → +0.016%: −$10.43
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$33.35
Costs to cover: 0.230%
Break-even: 2786.2 days

Slippage unknown: tradeXYZ: live order book, 12 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 tradeXYZ live order book, 12 min ago	0.15 bp	9.7 bp −$10	12.7 bp −$127	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	−0.0743%	4h	339.00	+0.031%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0049%	1h	338.80	−0.027%	$556K	$36K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.99	+0.030%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.00	+0.032%	$6.0M	$39.4M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.98	+0.027%	$6.5M	$6.6M	25x	as long as short
Hotstuff AAPL-PERP	0.0000%	1h	338.89	0.000%	$36K	—	20x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.78	−0.032%	$3.0M	$4.2M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.99	+0.030%	$13K	$479K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.09	+0.059%	$424	$4.7M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.77	−0.035%	$28K	$66K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AAPL-USDT	0.0000%	8h	339.22	+0.097%	$52K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.05	+0.047%	$2.1M	$6K	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.85	−0.013%	$771K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.88	−0.003%	$957K	$3.6M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.77	−0.035%	—	$53K	25x	as long as short
tradeXYZ xyz:AAPLlong	+0.0050%	1h	338.89	long leg	$40.8M	$76.0M	20x
Polymarket Perps AAPL-USD	+0.0050%	1h	338.83	−0.018%	$264K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.95	+0.018%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.Pshort	+0.0050%	1h	338.59	−0.089%	$1.4M	$2.4M	20x
QFEX AAPL-USD	+0.0059%	1h	338.98	+0.027%	$3.2M	$5.1M	10x	as long as short
Bitget AAPLUSDT	+0.0077%	8h	339.00	+0.032%	$6.2M	$3.4M	100x	as long as short
Variational Omni AAPL	+0.0098%	8h	339.02	+0.040%	$2.4M	$1.4M	—	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.60	−0.086%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.88	−0.003%	$947K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.96	+0.021%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.98	+0.027%	$11K	—	10x	as long as short
BloFin AAPL-USDT	+0.0111%	8h	339.05	+0.047%	$346K	$170K	20x	as long as short
Binance AAPLUSDT	+0.0119%	8h	338.99	+0.030%	$22.3M	$66.9M	25x	as long as short
Extended AAPL_24_5-USD	+0.0120%	1h	338.92	+0.010%	$284K	$1.7M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	339.03	+0.041%	$660K	$670K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.78	−0.032%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	339.06	+0.050%	$5K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0406%	1h	338.89	0.000%	$269K	$70K	20x	as long as short