Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0784%/8h= +85.9% APRpaid last 24h +0.237%

Price spread now: Orderly against edgeX−0.045%71s7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Orderly

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.045% cheaper against edgeX than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 5 hours of funding at the current rate (+$24 a day). The two prices were read 71 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	edgeX AAPLUSDC	339.66	−0.0684	get 0.0342% / 4h	56m 15s	$81K	$325K	20x
Short	Orderly PERP_AAPL_USDC_mythos	339.51	0.0100	get 0.0100% / 8h	56m 15s	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against edgeX. 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 edgeXbpFee OrderlybpOrdersPrice spread, now −0.045%Rate

Funding earned: $164.73
Price spread: −0.045% → 0.000%: −$4.54
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: $145.2
Costs to cover: 0.150%
Break-even: 0.8 days

Slippage unknown: edgeX: live order book, 47 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 47 min ago	4.86 bp	9.9 bp −$10	17.6 bp −$176	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX AAPLUSDClong	−0.0684%	4h	339.66	long leg	$81K	$325K	20x
Nado AAPL-PERP	−0.0120%	1h	339.53	−0.040%	$555K	$37K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.60	−0.019%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.47	−0.056%	$286K	$1.9M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.57	−0.027%	$22.1M	$67.5M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.61	−0.016%	$6.1M	$130.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.60	−0.019%	$6.3M	$7.0M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.40	−0.078%	$3.0M	$5.3M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.59	−0.022%	$6.2M	$3.6M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.75	+0.027%	$2.4M	$1.2M	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	339.70	+0.012%	$16K	$402K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.58	−0.025%	$649	$4.5M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.43	−0.069%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.62	−0.013%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.74	+0.022%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0024%	8h	339.63	−0.010%	$342K	$168K	20x	as long as short
QFEX AAPL-USD	+0.0027%	1h	339.56	−0.031%	$3.3M	$4.3M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.53	−0.040%	$941K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.53	−0.039%	$948K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.55	−0.034%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.47	−0.057%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.55	−0.034%	$40.6M	$76.2M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.52	−0.042%	$279K	$424K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.53	−0.039%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.34	−0.095%	$1.3M	$2.4M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0064%	1h	339.55	−0.034%	$660K	$661K	10x	as long as short
Hotstuff AAPL-PERP	+0.0096%	1h	339.57	−0.028%	$36K	—	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.43	−0.069%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.51	−0.045%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythosshort	+0.0100%	8h	339.51	−0.045%	$4K	—	10x
Aevo AAPL-PERP	+0.0104%	1h	339.49	−0.051%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.73	+0.019%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.48	−0.054%	$191K	$44K	30x	as long as short