Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.002%

Price spread now: Extended against SunX−0.031%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1061.060% of the position

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.027%+$3 · spread now −0.031%, 7d avg −0.026%

Together, before fees+0.029%+ Points / potential airdropExtended: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.026%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAPL-USDT	339.09	0	get 0.0000% / 8h	7h 48m	$424	$4.7M	20x
Short	Extended AAPL_24_5-USD	338.99	0.0120	get 0.0015% / 1h	48m 24s	$285K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against SunX. 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 SunXbpFee ExtendedbpOrdersPrice spread, now −0.031%Rate

Funding earned: $25.2
Price spread: −0.031% → −0.026%: −$0.5
Slippage, 4 orders: −$93.05
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$81.35
Costs to cover: 1.060%
Break-even: 29.6 days

Slippage from SunX: live order book, 10 min ago; Extended: live order book, 5 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 SunX live order book, 10 min ago	44.70 bp	49.2 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	0.15 bp	3.8 bp −$4	17.5 bp −$175	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	−0.0218%	4h	338.92	−0.050%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0055%	1h	338.85	−0.070%	$557K	$36K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.99	−0.029%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.09	0.000%	$6.0M	$39.4M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.03	−0.018%	$6.5M	$6.6M	25x	as long as short
Hotstuff AAPL-PERP	0.0000%	1h	338.94	−0.044%	$36K	—	20x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.85	−0.071%	$3.0M	$4.2M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.93	−0.047%	$13K	$479K	10x	as long as short
SunX AAPL-USDTlong	0.0000%	8h	339.09	long leg	$424	$4.7M	20x
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.77	−0.094%	$28K	$66K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AAPL-USDT	0.0000%	8h	339.20	+0.032%	$52K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.02	−0.021%	$2.1M	$6K	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.98	−0.034%	$771K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.00	−0.027%	$958K	$3.6M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.80	−0.086%	—	$53K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.92	−0.050%	$40.8M	$76.0M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.88	−0.062%	$264K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.95	−0.041%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.68	−0.121%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	339.02	−0.021%	$3.2M	$5.1M	10x	as long as short
Bitget AAPLUSDT	+0.0078%	8h	339.04	−0.015%	$6.2M	$3.4M	100x	as long as short
Variational Omni AAPL	+0.0098%	8h	339.02	−0.019%	$2.4M	$1.4M	—	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.67	−0.124%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.78	−0.091%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.96	−0.038%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.98	−0.032%	$11K	—	10x	as long as short
BloFin AAPL-USDT	+0.0111%	8h	339.05	−0.012%	$346K	$170K	20x	as long as short
Binance AAPLUSDT	+0.0119%	8h	339.07	−0.006%	$22.3M	$66.9M	25x	as long as short
Extended AAPL_24_5-USDshort	+0.0120%	1h	338.99	−0.031%	$285K	$1.7M	10x
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	339.03	−0.018%	$660K	$670K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.78	−0.091%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	339.06	−0.009%	$5K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0406%	1h	338.89	−0.059%	$269K	$70K	20x	as long as short