Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h −0.010%

Price spread now: SoDEX against BloFin−0.050%56s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on SoDEX

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—needs both histories

Funding pays, the price is against you. SoDEX is 0.050% cheaper against BloFin than usual: you would sell low and buy high (spread −0.050% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2.4 days of funding at the current rate (+$2 a day). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AAPL-USDT	339.22	−0.0021	get 0.0021% / 8h	3h 03m	$341K	$168K	20x
Short	SoDEX AAPL-USD	339.05	0.0050	get 0.0006% / 1h	3m 47s	$75K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.050%Rate

Funding earned: $14.87
Price spread: −0.050% → 0.000%: −$5.01
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$10.15
Costs to cover: 0.200%
Break-even: 11.8 days

Slippage unknown: BloFin: live order book, 26 min ago; SoDEX: 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 BloFin live order book, 26 min ago	0.29 bp	6.4 bp −$6	8.2 bp −$82	20.3 bp −$2,028	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.0405%	4h	339.17	−0.015%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0096%	1h	339.10	−0.036%	$555K	$38K	20x	as long as short
BloFin AAPL-USDTlong	−0.0021%	8h	339.22	long leg	$341K	$168K	20x
Aster AAPLUSDT	0.0000%	8h	339.13	−0.027%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.10	−0.037%	$278K	$1.6M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.18	−0.012%	$22.0M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.17	−0.015%	$5.8M	$73.0M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.22	0.000%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.95	−0.080%	$3.0M	$4.5M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.30	+0.024%	$6.2M	$3.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.20	−0.004%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.29	+0.020%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.19	−0.009%	$709	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.03	−0.056%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.25	+0.009%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.34	+0.035%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0030%	1h	339.14	−0.024%	$3.2M	$4.4M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.04	−0.053%	$808K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.06	−0.047%	$939K	$3.6M	20x	as long as short
Hotstuff AAPL-PERP	+0.0040%	1h	339.07	−0.044%	$36K	—	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.04	−0.053%	$266K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.02	−0.059%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.08	−0.041%	$40.5M	$76.2M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.07	−0.044%	$277K	$408K	10x	as long as short
SoDEX AAPL-USDshort	+0.0050%	1h	339.05	−0.050%	$75K	$3K	10x
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.03	−0.056%	$1.3M	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	339.12	−0.029%	$661K	$656K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.15	−0.021%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.16	−0.018%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.08	−0.041%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.09	−0.039%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.05	−0.050%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.26	+0.012%	$5K	$11K	20x	as long as short