Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bybit0.000%46s7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as 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−$1111.108% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 3 days (all we have)−0.013%−$1 · spread now 0.000%, 7d avg +0.008%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAPLUSDT	339.04	0	get 0.0000% / 8h	14m 36s	$6.0M	$39.2M	100x
Short	SunX AAPL-USDT	339.04	0	get 0.0000% / 8h	14m 36s	$441	$4.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.008%: −$0.85
Slippage, 4 orders: −$91.75
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$111.6
Costs to cover: 1.108%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; SunX: live order book, 4 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, 4 min ago	0.15 bp	6.3 bp −$6	9.7 bp −$97	44.9 bp −$4,485	doesn't fit
Sell SunX live order book, 4 min ago	44.69 bp	49.2 bp −$49	doesn't fit	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	−0.0045%	4h	338.96	−0.025%	$81K	$327K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.99	−0.015%	$122K	$291K	20x	as long as short
Bybit AAPLUSDTlong	0.0000%	8h	339.04	long leg	$6.0M	$39.2M	100x
OKX AAPL-USDT-SWAP	0.0000%	8h	339.01	−0.009%	$6.5M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.83	−0.062%	$3.0M	$4.2M	100x	as long as short
SunX AAPL-USDTshort	0.0000%	8h	339.04	0.000%	$441	$4.8M	20x
HTX AAPL-USDT	0.0000%	8h	339.08	+0.012%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.08	+0.012%	$2.1M	$7K	10x	as long as short
GRVT AAPL_USDT_Perp	+0.0023%	8h	339.04	0.000%	$14K	$498K	10x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.96	−0.024%	$964K	$3.8M	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AAPL-USD-PERP	+0.0046%	1h	338.70	−0.100%	—	$53K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.89	−0.044%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.90	−0.041%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.76	−0.083%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0064%	1h	339.01	−0.009%	$3.2M	$5.1M	10x	as long as short
Lighter AAPL	+0.0072%	1h	338.90	−0.040%	$772K	$2.4M	20x	as long as short
Bitget AAPLUSDT	+0.0077%	8h	339.04	0.000%	$6.2M	$3.5M	100x	as long as short
BloFin AAPL-USDT	+0.0090%	8h	339.02	−0.006%	$348K	$170K	20x	as long as short
Variational Omni AAPL	+0.0093%	8h	339.04	−0.001%	$2.4M	$1.4M	—	as long as short
Hotstuff AAPL-PERP	+0.0096%	1h	338.90	−0.041%	$36K	—	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.74	−0.088%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.65	−0.115%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.93	−0.032%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.00	−0.012%	$11K	—	10x	as long as short
Extended AAPL_24_5-USD	+0.0112%	1h	338.97	−0.022%	$285K	$1.5M	10x	as long as short
Binance AAPLUSDT	+0.0117%	8h	339.03	−0.003%	$22.4M	$67.0M	25x	as long as short
Nado AAPL-PERP	+0.0118%	1h	338.79	−0.073%	$556K	$33K	20x	as long as short
tradeXYZ xyz:AAPL	+0.0186%	1h	338.90	−0.041%	$40.8M	$76.3M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0192%	1h	339.03	−0.003%	$660K	$676K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.41	+0.109%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	339.02	−0.006%	$5K	$8K	20x	as long as short
Arcus AAPL-USD	+0.0397%	1h	338.89	−0.044%	$269K	$70K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0429%	1h	338.98	−0.018%	$28K	$66K	10x	as long as short