Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h −0.011%

Price spread now: Phemex against Variational Omni−0.004%7-day average +0.010% · you buy dearer than you sell

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

Long on Variational Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.011%−$1 on $10k

Price spread, last 3 days (all we have)−0.031%−$3 · spread now −0.004%, 7d avg +0.010%

Together, before fees−0.042%+ Points / potential airdropVariational Omni: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AAPL	338.62	0.0060	pay 0.0060% / 8h	7h 08m	$2.4M	$1.4M	—
Short	Phemex AAPLUSDT	338.60	0	get 0.0000% / 4h	3h 08m	$2.1M	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$12.55
Price spread: −0.004% → +0.010%: −$1.42
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$25.96
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; Phemex: live order book, 5 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 Variational Omni RFQ quote, just now	2.04 bp	doesn't fit	8.4 bp −$84	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	1.18 bp	40.7 bp −$41	doesn't fit	doesn't fit	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	−0.0817%	4h	338.56	−0.016%	$81K	$325K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0311%	1h	338.33	−0.084%	$28K	$67K	10x	as long as short
Nado AAPL-PERP	−0.0026%	1h	338.56	−0.017%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.71	+0.028%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.69	+0.022%	$6.0M	$39.4M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.68	+0.019%	$6.4M	$6.6M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.40	−0.063%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.68	+0.019%	$6.2M	$3.4M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.67	+0.016%	$17K	$433K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.62	+0.001%	$481	$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	338.77	+0.046%	$53K	$225K	30x	as long as short
Phemex AAPLUSDTshort	0.0000%	4h	338.60	−0.004%	$2.1M	$6K	10x
Lighter AAPL	+0.0032%	1h	338.52	−0.029%	$765K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.57	−0.013%	$956K	$3.6M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.48	−0.040%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.59	−0.007%	$40.8M	$75.8M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.35	−0.078%	$263K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.59	−0.007%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.33	−0.084%	$1.4M	$2.4M	20x	as long as short
Hotstuff AAPL-PERP	+0.0056%	1h	338.59	−0.007%	$36K	—	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	338.59	−0.007%	$3.3M	$5.0M	10x	as long as short
Variational Omni AAPLlong	+0.0060%	8h	338.62	long leg	$2.4M	$1.4M	—
BloFin AAPL-USDT	+0.0073%	8h	338.81	+0.058%	$346K	$169K	20x	as long as short
Binance AAPLUSDT	+0.0086%	8h	338.67	+0.016%	$22.2M	$66.8M	25x	as long as short
Extended AAPL_24_5-USD	+0.0088%	1h	338.60	−0.006%	$284K	$2.0M	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.63	+0.004%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.49	−0.037%	$945K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.50	−0.034%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.54	−0.023%	$10K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	338.51	−0.031%	$655K	$670K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.52	−0.028%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	338.76	+0.043%	$5K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0406%	1h	338.56	−0.016%	$269K	$70K	20x	as long as short