Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.003%

Price spread now: tradeXYZ against Bybit−0.027%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 7 days−0.031%−$3 · spread now −0.027%, 7d avg −0.082%

Together, before fees−0.050%+ Points / potential airdroptradeXYZ: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.056% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAPLUSDT	338.70	0	get 0.0000% / 8h	6h 59m	$6.0M	$39.4M	100x
Short	tradeXYZ xyz:AAPL	338.61	0.0050	get 0.0006% / 1h	59m 22s	$40.8M	$75.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.027%Rate

Funding earned: $10.5
Price spread: −0.027% → −0.082%: $5.58
Slippage, 4 orders: −$2.31
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$15.23
Costs to cover: 0.313%
Break-even: 17.2 days

Slippage from Bybit: live order book, 4 min ago; tradeXYZ: live order book, 10 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, 4 min ago	0.15 bp	6.2 bp −$6	10.2 bp −$102	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	0.15 bp	9.4 bp −$9	11.6 bp −$116	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	−0.0705%	4h	338.65	−0.014%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0036%	1h	338.61	−0.025%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.70	+0.001%	$122K	$291K	20x	as long as short
Bybit AAPLUSDTlong	0.0000%	8h	338.70	long leg	$6.0M	$39.4M	100x
OKX AAPL-USDT-SWAP	0.0000%	8h	338.68	−0.006%	$6.4M	$6.6M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.49	−0.062%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.79	+0.027%	$6.2M	$3.4M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.69	−0.004%	$17K	$433K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.68	−0.006%	$681	$4.7M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.54	−0.047%	$28K	$67K	10x	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	338.80	+0.030%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.73	+0.009%	$2.1M	$7K	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.55	−0.043%	$744K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.61	−0.027%	$953K	$3.5M	20x	as long as short
Variational Omni AAPL	+0.0044%	8h	338.74	+0.010%	$2.4M	$1.4M	—	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.50	−0.059%	—	$45K	25x	as long as short
Hotstuff AAPL-PERP	+0.0048%	1h	338.61	−0.027%	$36K	—	20x	as long as short
tradeXYZ xyz:AAPLshort	+0.0050%	1h	338.61	−0.027%	$40.8M	$75.8M	20x
Polymarket Perps AAPL-USD	+0.0050%	1h	338.41	−0.086%	$261K	$397K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.62	−0.024%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.41	−0.086%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	338.67	−0.009%	$3.2M	$5.0M	10x	as long as short
BloFin AAPL-USDT	+0.0062%	8h	338.81	+0.032%	$346K	$169K	20x	as long as short
Extended AAPL_24_5-USD	+0.0072%	1h	338.59	−0.033%	$284K	$2.0M	10x	as long as short
Binance AAPLUSDT	+0.0073%	8h	338.64	−0.016%	$22.2M	$66.8M	25x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.63	−0.021%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.48	−0.065%	$945K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.58	−0.035%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.58	−0.034%	$10K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0136%	1h	338.51	−0.056%	$655K	$668K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.48	−0.065%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	338.81	+0.032%	$5K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0406%	1h	338.63	−0.021%	$269K	$70K	20x	as long as short