Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0744%/8h= −81.5% APRpaid last 24h −0.214%

Price spread now: edgeX against Bybit+0.016%101s7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.328% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.441%−$44 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now +0.016%, 7d avg −0.002%

Together, before fees−0.379%+ Points / potential airdropedgeX: Active · farm board−$38 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$22 a day on $10k at the current rate. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.441% in total (about -23.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAPLUSDT	338.83	0	get 0.0000% / 8h	4h 13m	$5.9M	$47.2M	100x
Short	edgeX AAPLUSDC	338.88	−0.0744	pay 0.0372% / 4h	13m 53s	$81K	$328K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. 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 BybitbpFee edgeXbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$156.28
Price spread: +0.016% → −0.002%: $1.79
Slippage, 4 orders: −$12.79
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$187.27
Costs to cover: 0.328%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; edgeX: live order book, 44 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 Bybit live order book, 5 min ago	0.15 bp	6.0 bp −$6	10.4 bp −$104	62.2 bp −$6,223	doesn't fit
Sell edgeX live order book, 44 min ago	5.17 bp	10.5 bp −$11	17.8 bp −$178	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 AAPLUSDCshort	−0.0744%	4h	338.88	+0.016%	$81K	$328K	20x
Nado AAPL-PERP	−0.0023%	1h	338.86	+0.008%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.81	−0.006%	$122K	$290K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.81	−0.006%	$284K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.89	+0.018%	$21.9M	$67.1M	25x	as long as short
Bybit AAPLUSDTlong	0.0000%	8h	338.83	long leg	$5.9M	$47.2M	100x
OKX AAPL-USDT-SWAP	0.0000%	8h	338.91	+0.024%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.69	−0.041%	$3.0M	$4.3M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.97	+0.041%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	338.94	+0.034%	$2.4M	$1.4M	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	338.97	+0.041%	$17K	$425K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.94	+0.032%	$153	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.64	−0.056%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.04	+0.062%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.95	+0.035%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0028%	8h	338.94	+0.032%	$342K	$168K	20x	as long as short
QFEX AAPL-USD	+0.0031%	1h	338.88	+0.015%	$3.2M	$4.6M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.77	−0.018%	$782K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.80	−0.009%	$946K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.82	−0.003%	$266K	$67K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.75	−0.024%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.79	−0.012%	$40.5M	$76.0M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.80	−0.009%	$278K	$422K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.79	−0.012%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.66	−0.050%	$1.3M	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0080%	1h	338.78	−0.015%	$659K	$661K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.84	+0.003%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.71	−0.035%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.86	+0.009%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.82	−0.004%	$11K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0184%	1h	338.80	−0.009%	$36K	—	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.72	−0.032%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	338.97	+0.041%	$5K	$11K	20x	as long as short