Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against OKX−0.059%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.221%+$22 on $10k

Price spread, last 7 days+0.081%+$8 · spread now −0.059%, 7d avg −0.009%

Together, before fees+0.302%+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.050% cheaper against OKX than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of −0.009%). If the spread goes back, that is −$5 on $10k: about 40 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AAPL-USDT-SWAP	339.11	0	get 0.0000% / 8h	6h 35m	$6.4M	$6.7M	25x
Short	ApeX Omni AAPLUSDT	338.91	0.0100	get 0.0013% / 1h	35m 12s	$947K	$11.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now −0.059%Rate

Funding earned: $21
Price spread: −0.059% → −0.009%: −$4.98
Slippage, 4 orders: −$5.61
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$9.6
Costs to cover: 0.256%
Break-even: 10.2 days

Slippage from OKX: live order book, 3 min ago; ApeX Omni: live order book, 4 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 OKX live order book, 3 min ago	0.15 bp	5.9 bp −$6	11.1 bp −$111	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 4 min ago	2.07 bp	7.5 bp −$7	9.5 bp −$95	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	−0.0506%	4h	338.97	−0.042%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0069%	1h	338.91	−0.059%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.99	−0.035%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.07	−0.012%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAPlong	0.0000%	8h	339.11	long leg	$6.4M	$6.7M	25x
Gate AAPL_USDT	0.0000%	8h	338.85	−0.077%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.09	−0.006%	$6.2M	$3.5M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.00	−0.032%	$17K	$433K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.07	−0.012%	$953	$4.7M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.21	+0.029%	$53K	$225K	30x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AAPLUSDT	0.0000%	4h	338.99	−0.035%	$2.1M	$6K	10x	as long as short
Variational Omni AAPL	+0.0027%	8h	339.08	−0.007%	$2.4M	$1.4M	—	as long as short
QFEX AAPL-USD	+0.0028%	1h	339.05	−0.018%	$3.2M	$4.9M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.91	−0.058%	$743K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.97	−0.041%	$952K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.94	−0.050%	$270K	$70K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.85	−0.077%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.81	−0.088%	$262K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.99	−0.035%	$75K	$3K	10x	as long as short
BloFin AAPL-USDT	+0.0050%	8h	338.91	−0.059%	$347K	$169K	20x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.83	−0.083%	$1.4M	$2.5M	20x	as long as short
Extended AAPL_24_5-USD	+0.0056%	1h	338.98	−0.038%	$284K	$2.0M	10x	as long as short
Binance AAPLUSDT	+0.0060%	8h	339.06	−0.014%	$22.2M	$66.8M	25x	as long as short
tradeXYZ xyz:AAPL	+0.0084%	1h	339.01	−0.029%	$40.8M	$75.8M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.80	−0.091%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDTshort	+0.0100%	1h	338.91	−0.059%	$947K	$11.0M	50x
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.96	−0.044%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.95	−0.046%	$11K	—	10x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0104%	1h	338.97	−0.041%	$28K	$67K	10x	as long as short
Hotstuff AAPL-PERP	+0.0128%	1h	339.01	−0.029%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0136%	1h	338.51	−0.177%	$655K	$665K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.85	−0.077%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.18	+0.021%	$5K	$11K	20x	as long as short