Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0435%/8h= +47.6% APRpaid last 24h +0.222%

Price spread now: Ondo Perps against edgeX−0.043%54s7-day average −0.077% · you buy dearer than you sell

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

Long on edgeX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.612%+$61 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now −0.043%, 7d avg −0.077%

Together, before fees+0.544%+ Points / potential airdropedgeX: Active · Ondo Perps: Active · farm board+$54 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Ondo Perps is 0.034% dearer against edgeX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.077%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAPLUSDC	339.22	−0.0384	get 0.0192% / 4h	3h 16m	$81K	$327K	20x
Short	Ondo Perps AAPL-USD.P	339.08	0.0050	get 0.0006% / 1h	16m 05s	$1.3M	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against edgeX. 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 edgeXbpFee Ondo PerpsbpOrdersPrice spread, now −0.043%Rate

Funding earned: $91.31
Price spread: −0.043% → −0.077%: $3.42
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $80.73
Costs to cover: 0.140%
Break-even: 0.8 days

Slippage unknown: edgeX: live order book, 37 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 edgeX live order book, 37 min ago	5.31 bp	10.3 bp −$10	17.7 bp −$177	doesn't fit	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 AAPLUSDClong	−0.0384%	4h	339.22	long leg	$81K	$327K	20x
Nado AAPL-PERP	−0.0082%	1h	339.33	+0.030%	$555K	$38K	20x	as long as short
BloFin AAPL-USDT	−0.0017%	8h	339.38	+0.046%	$341K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.30	+0.022%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.22	0.000%	$287K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.32	+0.028%	$21.9M	$67.0M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.30	+0.022%	$5.8M	$70.5M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.35	+0.037%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.04	−0.054%	$3.0M	$4.5M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.37	+0.043%	$6.2M	$3.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.29	+0.018%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.26	+0.010%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.30	+0.022%	$709	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.24	+0.005%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.44	+0.064%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.35	+0.037%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0030%	1h	339.23	+0.002%	$3.2M	$4.5M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.22	−0.001%	$781K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.22	−0.001%	$939K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.12	−0.031%	$266K	$61K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.12	−0.031%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.18	−0.013%	$40.5M	$76.1M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.24	+0.005%	$278K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.22	−0.001%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.Pshort	+0.0050%	1h	339.08	−0.043%	$1.3M	$2.5M	20x
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	338.78	−0.131%	$661K	$656K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.29	+0.019%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.23	+0.002%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.20	−0.007%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.21	−0.005%	$11K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0112%	1h	339.22	−0.001%	$36K	—	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.02	−0.060%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.31	+0.025%	$5K	$11K	20x	as long as short