Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0076%/8h= +8.4% APRpaid last 24h +0.005%

Price spread now: ApeX Omni against BloFin−0.080%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$310.315% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 4 days (all we have)+0.199%+$20 · spread now −0.080%, 7d avg −0.055%

Together, before fees+0.296%+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.025% cheaper against BloFin than usual: you would sell low and buy high (spread −0.080% now, against its 7-day average of −0.055%). If the spread goes back, that is −$2 on $10k: about 26 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AAPL-USDT	339.13	0.0024	pay 0.0024% / 8h	5h 46m	—	$169K	20x
Short	ApeX Omni AAPLUSDT	338.86	0.0100	get 0.0013% / 1h	46m 22s	$947K	$11.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.080%Rate

Funding earned: $16.04
Price spread: −0.080% → −0.055%: −$2.47
Slippage, 4 orders: −$9.48
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$17.92
Costs to cover: 0.315%
Break-even: 14.8 days

Slippage from BloFin: live order book, 79 min ago; ApeX Omni: live order book, 3 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 BloFin live order book, 79 min ago	0.15 bp	6.4 bp −$6	7.7 bp −$77	21.9 bp −$2,191	doesn't fit
Sell ApeX Omni live order book, 3 min ago	2.07 bp	7.6 bp −$8	9.2 bp −$92	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	−0.0974%	4h	339.07	−0.017%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0068%	1h	338.87	−0.077%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.99	−0.041%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.05	−0.023%	$285K	$2.0M	10x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.89	−0.071%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.88	−0.074%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.71	−0.124%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.19	+0.018%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.13	+0.001%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.18	+0.014%	$17K	$433K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AAPL-USDT	0.0000%	8h	339.10	−0.009%	$359	$4.7M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.90	−0.068%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.14	+0.003%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.16	+0.009%	$2.1M	$6K	10x	as long as short
Binance AAPLUSDT	+0.0002%	8h	338.89	−0.071%	$22.2M	$67.0M	25x	as long as short
QFEX AAPL-USD	+0.0013%	1h	339.05	−0.024%	$3.3M	$4.8M	10x	as long as short
BloFin AAPL-USDTlong	+0.0024%	8h	339.13	long leg	—	$169K	20x
Hotstuff AAPL-PERP	+0.0024%	1h	338.96	−0.050%	$36K	—	20x	as long as short
Lighter AAPL	+0.0032%	1h	338.95	−0.053%	$757K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.00	−0.038%	$953K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.01	−0.035%	$270K	$70K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.75	−0.112%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	338.98	−0.044%	$656K	$663K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.79	−0.100%	$40.7M	$75.8M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.83	−0.088%	$262K	$371K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.00	−0.038%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.88	−0.074%	$1.3M	$2.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.01	−0.035%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDTshort	+0.0100%	1h	338.86	−0.080%	$947K	$11.0M	50x
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.77	−0.106%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.76	−0.110%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.90	−0.068%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	339.16	+0.009%	$5K	$11K	20x	as long as short