Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0100%/8hpaid last 24h +0.008%

Price spread now: Orderly against Deribit+0.027%55s7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.027% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 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	Deribit AAPL_USDC-PERPETUAL	339.19	0	get 0.0000% / 1h	4m 22s	$28K	$64K	10x
Short	Orderly PERP_AAPL_USDC_mythos	339.28	0.0100	get 0.0100% / 8h	4h 04m	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Deribit. 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 DeribitbpFee OrderlybpOrdersPrice spread, now +0.027%Rate

Funding earned: $21
Price spread: +0.027% → 0.000%: $2.65
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: $10.65
Costs to cover: 0.130%
Break-even: 3.4 days

Slippage unknown: Deribit: no order-book sample; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Deribit and 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX AAPLUSDC	−0.0615%	4h	339.63	+0.130%	$81K	$325K	20x	as long as short
KuCoin AAPLUSDTM	−0.0003%	8h	339.34	+0.044%	$1.4M	$28K	20x	as long as short
BloFin AAPL-USDT	−0.0002%	8h	339.46	+0.080%	$360K	$161K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.41	+0.063%	$128K	$287K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.51	+0.094%	$284K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.38	+0.056%	$22.3M	$65.3M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.45	+0.077%	$6.6M	$24.5M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.36	+0.050%	$6.6M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.23	+0.012%	$3.1M	$4.0M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.52	+0.097%	$6.3M	$3.2M	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	339.52	+0.099%	$2.1M	$1.0M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.62	+0.127%	$20K	$535K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.30	+0.032%	$645	$4.8M	20x	as long as short
Deribit AAPL_USDC-PERPETUALlong	0.0000%	1h	339.19	long leg	$28K	$64K	10x
HTX AAPL-USDT	0.0000%	8h	339.49	+0.088%	$52K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.66	+0.139%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0010%	1h	339.51	+0.094%	$3.2M	$4.7M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.53	+0.101%	$707K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.53	+0.100%	$950K	$4.0M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.46	+0.080%	$270K	$81K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.23	+0.012%	—	$9K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.28	+0.027%	$269K	$343K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.35	+0.047%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.39	+0.059%	$1.2M	$2.1M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0055%	1h	339.34	+0.044%	$41.3M	$75.9M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0064%	1h	339.52	+0.097%	$673K	$630K	10x	as long as short
Nado AAPL-PERP	+0.0077%	1h	339.21	+0.006%	$557K	$37K	20x	as long as short
Phoenix AAPL	+0.0094%	1h	339.71	+0.153%	$2K	$12K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.38	+0.056%	$948K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythosshort	+0.0100%	8h	339.28	+0.027%	$4K	—	10x
Aevo AAPL-PERP	+0.0104%	1h	339.18	−0.002%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.29	+0.029%	$191K	$44K	30x	as long as short
Hotstuff AAPL-PERP	+0.0224%	1h	339.44	+0.074%	$36K	—	20x	as long as short