Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Bybit−0.088%7-day average −0.067% · you buy dearer than you sell

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

Long on Bybit Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.120%+$12 on $10k

Price spread, last 7 days+0.032%+$3 · spread now −0.088%, 7d avg −0.067%

Together, before fees+0.153%+ Points / potential airdropOndo Perps: Active · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.022% cheaper against Bybit than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of −0.067%). If the spread goes back, that is −$2 on $10k: about 35 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAPLUSDT	339.07	0	get 0.0000% / 8h	6h 39m	$6.0M	$39.2M	100x
Short	Ondo Perps AAPL-USD.P	338.77	0.0050	get 0.0006% / 1h	39m 10s	$1.4M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.088%Rate

Funding earned: $10.58
Price spread: −0.088% → −0.067%: −$2.19
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$7.6
Costs to cover: 0.160%
Break-even: 12.0 days

Slippage unknown: Bybit: live order book, 5 min ago; Ondo Perps: 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 Bybit live order book, 5 min ago	0.15 bp	6.0 bp −$6	10.2 bp −$102	52.3 bp −$5,233	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0989%	4h	338.90	−0.049%	$81K	$325K	20x	as long as short
Nado AAPL-PERP	−0.0064%	1h	338.94	−0.039%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.99	−0.024%	$122K	$291K	20x	as long as short
Bybit AAPLUSDTlong	0.0000%	8h	339.07	long leg	$6.0M	$39.2M	100x
OKX AAPL-USDT-SWAP	0.0000%	8h	339.11	+0.012%	$6.4M	$6.7M	25x	as long as short
Hotstuff AAPL-PERP	0.0000%	1h	338.84	−0.068%	$36K	—	20x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.84	−0.068%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.06	−0.003%	$6.2M	$3.4M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.93	−0.041%	$17K	$433K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.03	−0.012%	$997	$4.7M	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.97	−0.029%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.08	+0.003%	$52K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.00	−0.021%	$2.1M	$6K	10x	as long as short
QFEX AAPL-USD	+0.0028%	1h	339.00	−0.021%	$3.2M	$4.9M	10x	as long as short
Variational Omni AAPL	+0.0031%	8h	338.95	−0.034%	$2.4M	$1.4M	—	as long as short
Lighter AAPL	+0.0032%	1h	338.92	−0.043%	$744K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.95	−0.035%	$953K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.85	−0.065%	$269K	$70K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.79	−0.083%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.78	−0.086%	$262K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.97	−0.029%	$75K	$3K	10x	as long as short
BloFin AAPL-USDT	+0.0050%	8h	338.91	−0.047%	$347K	$169K	20x	as long as short
Ondo Perps AAPL-USD.Pshort	+0.0050%	1h	338.77	−0.088%	$1.4M	$2.4M	20x
Binance AAPLUSDT	+0.0063%	8h	339.05	−0.006%	$22.2M	$66.8M	25x	as long as short
Extended AAPL_24_5-USD	+0.0064%	1h	338.97	−0.029%	$284K	$2.0M	10x	as long as short
tradeXYZ xyz:AAPL	+0.0095%	1h	339.00	−0.021%	$40.8M	$75.8M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.80	−0.080%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.69	−0.112%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.97	−0.029%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.93	−0.041%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0136%	1h	338.51	−0.165%	$655K	$665K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.71	−0.106%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	338.98	−0.027%	$5K	$11K	20x	as long as short