Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0351%/8h= −38.4% APRpaid last 24h +0.003%

Price spread now: Deribit against Variational Omni−0.075%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Deribit

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

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Deribit is 0.075% cheaper against Variational Omni than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AAPL	338.63	0.0069	pay 0.0069% / 8h	7h 11m	$2.4M	$1.4M	—
Short	Deribit AAPL_USDC-PERPETUAL	338.37	−0.0282	pay 0.0035% / 1h	11m 49s	$28K	$67K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Variational Omni. 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 Variational OmnibpFee DeribitbpOrdersPrice spread, now −0.075%Rate

Funding earned: −$73.62
Price spread: −0.075% → 0.000%: −$7.53
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$88.15
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Deribit: 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 Variational Omni RFQ quote, 2 min ago	2.04 bp	doesn't fit	8.3 bp −$83	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.0850%	4h	338.57	−0.016%	$81K	$327K	20x	as long as short
Deribit AAPL_USDC-PERPETUALshort	−0.0282%	1h	338.37	−0.075%	$28K	$67K	10x
Nado AAPL-PERP	−0.0021%	1h	338.54	−0.025%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.69	+0.019%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.65	+0.007%	$6.0M	$39.4M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.68	+0.016%	$6.4M	$6.6M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.41	−0.063%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.67	+0.013%	$6.2M	$3.4M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.67	+0.013%	$17K	$433K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.60	−0.007%	$542	$4.7M	20x	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	338.74	+0.034%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.60	−0.007%	$2.1M	$6K	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.51	−0.034%	$765K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.55	−0.022%	$956K	$3.6M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.45	−0.052%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.60	−0.007%	$40.8M	$75.9M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.34	−0.084%	$263K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.58	−0.013%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.34	−0.084%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	338.56	−0.019%	$3.2M	$5.0M	10x	as long as short
Variational Omni AAPLlong	+0.0069%	8h	338.63	long leg	$2.4M	$1.4M	—
Extended AAPL_24_5-USD	+0.0088%	1h	338.56	−0.019%	$286K	$2.0M	10x	as long as short
Hotstuff AAPL-PERP	+0.0088%	1h	338.58	−0.013%	$36K	—	20x	as long as short
Binance AAPLUSDT	+0.0090%	8h	338.61	−0.003%	$22.2M	$66.8M	25x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.63	+0.001%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.51	−0.034%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.54	−0.025%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.57	−0.015%	$10K	—	10x	as long as short
BloFin AAPL-USDT	+0.0120%	8h	338.81	+0.055%	$345K	$169K	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	338.51	−0.034%	$655K	$670K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.42	−0.061%	$190K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	338.71	+0.025%	$5K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0406%	1h	338.57	−0.016%	$269K	$70K	20x	as long as short