Settings8H · net · $10k
Funding arb · Price arb /

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: Orderly against Bybit−0.056%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Orderly is 0.056% cheaper against Bybit than usual: you would sell low and buy high (spread −0.056% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 45 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit AAPLUSDT339.910get 0.0000% / 8h3m 07s$7.5M$165.2M100x
ShortOrderly PERP_AAPL_USDC_mythos339.720.0100get 0.0100% / 8h3m 07s$4K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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

Funding earned
$21
Price spread: −0.056% → 0.000%
−$5.59
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$1.59
Costs to cover
0.170%
Break-even
7.5 days
Slippage unknown: Bybit: live order book, 1 min ago; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 1 min ago0.15 bp5.6 bp −$65.7 bp −$5722.1 bp −$2,209doesn't fit
Sell Orderly no order-book sample
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX AAPLUSDC−0.0565%4h339.79−0.035%$81K$327K20xas long as short
Nado AAPL-PERP−0.0140%1h339.73−0.052%$556K$37K20xas long as short
Deribit AAPL_USDC-PERPETUAL−0.0074%1h339.61−0.088%$28K$69K10xas long as short
BloFin AAPL-USDT−0.0012%8h339.83−0.024%$344K$167K20xas long as short
Aster AAPLUSDT0.0000%8h339.75−0.047%$121K$294K20xas long as short
Extended AAPL_24_5-USD0.0000%1h339.75−0.046%$286K$2.1M10xas long as short
Binance AAPLUSDT0.0000%8h339.85−0.018%$22.1M$67.3M25xas long as short
Bybit AAPLUSDTlong0.0000%8h339.91long leg$7.5M$165.2M100x
OKX AAPL-USDT-SWAP0.0000%8h339.77−0.041%$6.3M$6.9M25xas long as short
Hotstuff AAPL-PERP0.0000%1h339.77−0.041%$36K20xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate AAPL_USDT0.0000%8h339.66−0.074%$3.0M$5.6M100xas long as short
Bitget AAPLUSDT0.0000%8h339.84−0.021%$6.2M$3.6M100xas long as short
Variational Omni AAPL0.0000%8h339.86−0.016%$2.5M$1.2Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h339.84−0.021%$13K$357K10xas long as short
SunX AAPL-USDT0.0000%8h339.83−0.024%$537$4.5M20xas long as short
HTX AAPL-USDT0.0000%8h339.95+0.012%$62K$245K30xas long as short
Phemex AAPLUSDT0.0000%4h339.86−0.015%$2.1M$7K10xas long as short
QFEX AAPL-USD+0.0027%1h339.79−0.035%$3.2M$4.2M10xas long as short
Lighter AAPL+0.0032%1h339.77−0.040%$942K$2.7M20xas long as short
Lighter RH AAPL+0.0032%1h339.75−0.047%$954K$3.5M20xas long as short
Arcus AAPL-USD+0.0040%1h339.71−0.059%$267K$60K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h339.66−0.074%$45K25xas long as short
tradeXYZ xyz:AAPL+0.0050%1h339.77−0.041%$40.6M$76.2M20xas long as short
Polymarket Perps AAPL-USD+0.0050%1h339.72−0.056%$279K$423K10xas long as short
SoDEX AAPL-USD+0.0050%1h339.78−0.038%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h339.64−0.079%$1.3M$2.3M20xas long as short
Coinbase International AAPL-PERP-INTX+0.0064%1h339.55−0.106%$660K$660K10xas long as short
KuCoin AAPLUSDTM+0.0100%8h339.71−0.059%$1.4M$55K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h339.73−0.053%$949K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythosshort+0.0100%8h339.72−0.056%$4K10x
Aevo AAPL-PERP+0.0104%1h339.74−0.051%$11K$10210xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.67−0.071%$191K$44K30xas long as short
Phoenix AAPL+0.0259%1h339.96+0.015%$5K$12K20xas long as short