Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0701%/8h= −76.7% APRpaid last 24h −0.210%

Price spread now: edgeX against Extended−0.057%53s7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as 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−$290.286% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.504%−$50 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.057%, 7d avg +0.016%

Together, before fees−0.390%+ Points / potential airdropExtended: Active · edgeX: Active · farm board−$39 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and edgeX is 0.073% cheaper against Extended than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.016%). Swap the legs. The two prices were read 53 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	Extended AAPL_24_5-USD	339.80	0	get 0.0000% / 1h	26m 35s	$285K	$1.8M	10x
Short	edgeX AAPLUSDC	339.60	−0.0701	pay 0.0350% / 4h	2h 26m	$81K	$329K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$147.13
Price spread: −0.057% → +0.016%: −$7.28
Slippage, 4 orders: −$14.56
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$182.97
Costs to cover: 0.286%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; edgeX: live order book, 22 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 Extended live order book, 2 min ago	0.15 bp	3.8 bp −$4	17.0 bp −$170	doesn't fit	doesn't fit
Sell edgeX live order book, 22 min ago	5.16 bp	10.7 bp −$11	18.3 bp −$183	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 AAPLUSDCshort	−0.0701%	4h	339.60	−0.057%	$81K	$329K	20x
Deribit AAPL_USDC-PERPETUAL	−0.0280%	1h	339.63	−0.049%	$28K	$68K	10x	as long as short
Nado AAPL-PERP	−0.0108%	1h	339.84	+0.012%	$556K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.75	−0.013%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USDlong	0.0000%	1h	339.80	long leg	$285K	$1.8M	10x
Binance AAPLUSDT	0.0000%	8h	339.85	+0.016%	$22.0M	$67.5M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.82	+0.007%	$5.8M	$89.6M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.83	+0.010%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.61	−0.055%	$3.0M	$4.7M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.86	+0.018%	$6.2M	$3.5M	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	339.61	−0.057%	$2.4M	$1.3M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.63	−0.049%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.88	+0.024%	$449	$4.6M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	340.01	+0.062%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.76	−0.011%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0009%	8h	339.83	+0.010%	$341K	$168K	20x	as long as short
QFEX AAPL-USD	+0.0020%	1h	339.75	−0.014%	$3.2M	$4.4M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.77	−0.007%	$841K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.77	−0.008%	$939K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.54	−0.076%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.70	−0.029%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	339.56	−0.070%	$663K	$661K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.72	−0.023%	$40.6M	$76.4M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.66	−0.041%	$278K	$409K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.70	−0.029%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.55	−0.073%	$1.3M	$2.5M	20x	as long as short
Hotstuff AAPL-PERP	+0.0080%	1h	339.70	−0.029%	$36K	—	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.48	−0.093%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.54	−0.076%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.74	−0.017%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.76	−0.012%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.65	−0.043%	$5K	$11K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.40	−0.117%	$191K	$44K	30x	as long as short