Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%

Price spread now: Variational Omni against Phemex−0.049%7-day average −0.010% · you buy dearer than you sell

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

Long on Phemex Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.011%+$1 on $10k

Price spread, last 4 days (all we have)+0.273%+$27 · spread now −0.049%, 7d avg −0.010%

Together, before fees+0.284%+ Points / potential airdropVariational Omni: Active · farm board+$28 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.039% cheaper against Phemex than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AAPLUSDT	338.99	0	get 0.0000% / 4h	1h 25m	$2.1M	$6K	10x
Short	Variational Omni AAPL	338.82	0	get 0.0000% / 8h	5h 25m	$2.4M	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Phemex. 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 PhemexbpFee Variational OmnibpOrdersPrice spread, now −0.049%Rate

Funding earned: $0
Price spread: −0.049% → −0.010%: −$3.9
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$15.9
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. 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 Phemex live order book, 3 min ago	0.15 bp	45.4 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.04 bp	doesn't fit	8.6 bp −$86	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	−0.0696%	4h	338.81	−0.053%	$81K	$325K	20x	as long as short
Nado AAPL-PERP	−0.0051%	1h	338.69	−0.088%	$554K	$38K	20x	as long as short
BloFin AAPL-USDT	−0.0016%	8h	338.81	−0.053%	$343K	$169K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.85	−0.041%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.73	−0.077%	$285K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.82	−0.051%	$22.2M	$67.0M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.84	−0.044%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.83	−0.047%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.58	−0.121%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.90	−0.027%	$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 AAPLshort	0.0000%	8h	338.82	−0.049%	$2.4M	$1.4M	—
GRVT AAPL_USDT_Perp	0.0000%	8h	338.88	−0.032%	$17K	$424K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.81	−0.053%	$407	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.59	−0.118%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	338.91	−0.024%	$53K	$224K	30x	as long as short
Phemex AAPLUSDTlong	0.0000%	4h	338.99	long leg	$2.1M	$6K	10x
QFEX AAPL-USD	+0.0013%	1h	338.79	−0.059%	$3.2M	$4.8M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.67	−0.094%	$771K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.69	−0.088%	$947K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.74	−0.074%	$269K	$69K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.59	−0.118%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	338.78	−0.062%	$659K	$673K	10x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.54	−0.133%	$261K	$370K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.72	−0.080%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.65	−0.100%	$1.3M	$2.5M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0062%	1h	338.69	−0.088%	$40.7M	$75.8M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.72	−0.080%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.72	−0.080%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.71	−0.083%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.70	−0.087%	$10K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0112%	1h	338.69	−0.088%	$36K	—	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.72	−0.080%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	338.93	−0.018%	$5K	$11K	20x	as long as short