Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Bybit−0.015%89s7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$270.266% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.219%+$22 on $10k

Price spread, last 7 days−0.005%$0 · spread now −0.015%, 7d avg −0.023%

Together, before fees+0.214%+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 89 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	Bybit AAPLUSDT	339.13	0	get 0.0000% / 8h	5h 52m	$6.0M	$39.1M	100x
Short	ApeX Omni AAPLUSDT	339.08	0.0100	get 0.0013% / 1h	52m 04s	$947K	$11.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now −0.015%Rate

Funding earned: $21
Price spread: −0.015% → −0.023%: $0.86
Slippage, 4 orders: −$5.58
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$4.73
Costs to cover: 0.266%
Break-even: 8.6 days

Slippage from Bybit: live order book, 2 min ago; ApeX Omni: live order book, 2 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 Bybit live order book, 2 min ago	0.15 bp	5.9 bp −$6	10.0 bp −$100	51.4 bp −$5,143	doesn't fit
Sell ApeX Omni live order book, 2 min ago	2.07 bp	7.5 bp −$7	9.3 bp −$93	doesn't fit	doesn't fit

AAPL on 32 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	−0.0436%	4h	339.16	+0.008%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0079%	1h	339.01	−0.036%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.04	−0.027%	$122K	$291K	20x	as long as short
Bybit AAPLUSDTlong	0.0000%	8h	339.13	long leg	$6.0M	$39.1M	100x
OKX AAPL-USDT-SWAP	0.0000%	8h	339.12	−0.003%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.88	−0.074%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.16	+0.009%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.21	+0.025%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.21	+0.022%	$17K	$433K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.13	0.000%	$627	$4.7M	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.91	−0.065%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.27	+0.041%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.17	+0.012%	$2.1M	$6K	10x	as long as short
Binance AAPLUSDT	+0.0006%	8h	339.13	0.000%	$22.3M	$67.0M	25x	as long as short
Extended AAPL_24_5-USD	+0.0008%	1h	339.04	−0.027%	$288K	$2.0M	10x	as long as short
QFEX AAPL-USD	+0.0013%	1h	339.05	−0.024%	$3.3M	$4.9M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.97	−0.048%	$755K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.02	−0.032%	$949K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.03	−0.029%	$270K	$70K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.95	−0.053%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	338.98	−0.044%	$656K	$664K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.05	−0.024%	$40.7M	$75.8M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.85	−0.083%	$262K	$371K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.02	−0.032%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.87	−0.077%	$1.3M	$2.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.06	−0.021%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDTshort	+0.0100%	1h	339.08	−0.015%	$947K	$11.0M	50x
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.01	−0.035%	$4K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0104%	1h	339.04	−0.027%	$36K	—	20x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.01	−0.035%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.95	−0.053%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	339.13	0.000%	$5K	$11K	20x	as long as short