Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SoDEX against Orderly+0.021%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. SoDEX is 0.021% dearer against Orderly than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AAPL_USDC_mythos	338.77	0.0100	pay 0.0100% / 8h	5h 46m	$4K	—	10x
Short	SoDEX AAPL-USD	338.84	0.0050	get 0.0006% / 1h	46m 14s	$75K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Orderly. 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 OrderlybpFee SoDEXbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$10.5
Price spread: +0.021% → 0.000%: $2.07
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$22.43
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; SoDEX: 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 Orderly no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

Orderly and SoDEX: 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	−0.0974%	4h	339.07	+0.089%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0068%	1h	338.87	+0.029%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.94	+0.049%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.80	+0.009%	$285K	$2.0M	10x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.89	+0.035%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.88	+0.032%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.71	−0.018%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.00	+0.068%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.13	+0.108%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.18	+0.120%	$17K	$433K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AAPL-USDT	0.0000%	8h	339.10	+0.097%	$359	$4.7M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.69	−0.024%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.01	+0.071%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.92	+0.044%	$2.1M	$6K	10x	as long as short
Binance AAPLUSDT	+0.0002%	8h	338.89	+0.034%	$22.2M	$67.0M	25x	as long as short
QFEX AAPL-USD	+0.0013%	1h	339.05	+0.083%	$3.3M	$4.8M	10x	as long as short
BloFin AAPL-USDT	+0.0024%	8h	339.13	+0.106%	—	$169K	20x	as long as short
Hotstuff AAPL-PERP	+0.0024%	1h	338.96	+0.056%	$36K	—	20x	as long as short
Lighter AAPL	+0.0032%	1h	338.72	−0.014%	$757K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.79	+0.006%	$952K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.01	+0.071%	$270K	$70K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.75	−0.006%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	338.84	+0.021%	$659K	$663K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.79	+0.006%	$40.7M	$75.8M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.83	+0.018%	$262K	$371K	10x	as long as short
SoDEX AAPL-USDshort	+0.0050%	1h	338.84	+0.021%	$75K	$3K	10x
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.88	+0.032%	$1.3M	$2.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.79	+0.006%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.86	+0.027%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythoslong	+0.0100%	8h	338.77	long leg	$4K	—	10x
Aevo AAPL-PERP	+0.0104%	1h	338.76	−0.004%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.90	+0.038%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	339.16	+0.115%	$5K	$11K	20x	as long as short