Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0011%/8h= −1.3% APRpaid last 24h +0.004%

Price spread now: ApeX Omni against BloFin−0.080%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

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

costs, in and out, $10k−$290.288% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 3 days (all we have)+0.011%+$1 · spread now −0.080%, 7d avg −0.054%

Together, before fees+0.108%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and ApeX Omni is 0.025% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.054%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.097%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AAPL-USDT	339.05	0.0111	pay 0.0111% / 8h	7h 47m	$346K	$170K	20x
Short	ApeX Omni AAPLUSDT	338.78	0.0100	get 0.0013% / 1h	47m 39s	$946K	$10.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.080%Rate

Funding earned: −$2.41
Price spread: −0.080% → −0.054%: −$2.53
Slippage, 4 orders: −$6.84
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$33.78
Costs to cover: 0.288%
Break-even: never at this rate

Slippage from BloFin: live order book, 22 min ago; ApeX Omni: live order book, 1 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 BloFin live order book, 22 min ago	0.29 bp	6.3 bp −$6	7.7 bp −$77	21.4 bp −$2,139	doesn't fit
Sell ApeX Omni live order book, 1 min ago	2.07 bp	7.6 bp −$8	9.0 bp −$90	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	−0.0743%	4h	339.00	−0.016%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0055%	1h	338.85	−0.059%	$557K	$36K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.99	−0.018%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.01	−0.012%	$6.0M	$39.4M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.98	−0.021%	$6.5M	$6.6M	25x	as long as short
Hotstuff AAPL-PERP	0.0000%	1h	338.89	−0.047%	$36K	—	20x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.78	−0.080%	$3.0M	$4.2M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.93	−0.035%	$13K	$479K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.09	+0.012%	$424	$4.7M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.77	−0.083%	$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	339.22	+0.050%	$52K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.05	0.000%	$2.1M	$6K	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.85	−0.060%	$771K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.88	−0.050%	$957K	$3.6M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.80	−0.074%	—	$53K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.89	−0.047%	$40.8M	$76.0M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.88	−0.050%	$264K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.95	−0.029%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.59	−0.136%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	338.98	−0.021%	$3.2M	$5.1M	10x	as long as short
Bitget AAPLUSDT	+0.0077%	8h	338.99	−0.018%	$6.2M	$3.4M	100x	as long as short
Variational Omni AAPL	+0.0098%	8h	339.02	−0.007%	$2.4M	$1.4M	—	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.61	−0.130%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDTshort	+0.0100%	1h	338.78	−0.080%	$946K	$10.9M	50x
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.96	−0.027%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.98	−0.020%	$11K	—	10x	as long as short
BloFin AAPL-USDTlong	+0.0111%	8h	339.05	long leg	$346K	$170K	20x
Binance AAPLUSDT	+0.0119%	8h	338.99	−0.018%	$22.3M	$66.9M	25x	as long as short
Extended AAPL_24_5-USD	+0.0120%	1h	338.92	−0.037%	$284K	$1.7M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	339.03	−0.006%	$660K	$670K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.78	−0.080%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	339.06	+0.003%	$5K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0406%	1h	338.89	−0.047%	$269K	$70K	20x	as long as short