Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h −0.001%

Price spread now: Variational Omni against Extended+0.035%7-day average −0.002% · you sell dearer than you buy

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 7 days+0.039%+$4 · spread now +0.035%, 7d avg −0.002%

Together, before fees+0.039%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.037% dearer against Extended than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.002%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.0 days. At the pace of the last 3 days (−0.001% in total) that is about 8 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAPL_24_5-USD	338.94	0.0112	pay 0.0014% / 1h	18m 23s	$285K	$1.5M	10x
Short	Variational Omni AAPL	339.06	0.0087	get 0.0087% / 8h	18m 23s	$2.4M	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now +0.035%Rate

Funding earned: −$5.24
Price spread: +0.035% → −0.002%: $3.71
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6.53
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 5 min ago; Variational Omni: RFQ quote, 1 min ago. 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 Extended live order book, 5 min ago	0.15 bp	3.8 bp −$4	23.0 bp −$230	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.04 bp	doesn't fit	5.3 bp −$53	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	−0.0889%	4h	339.01	+0.021%	$81K	$325K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.99	+0.016%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.02	+0.025%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.01	+0.022%	$6.5M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.83	−0.031%	$3.0M	$4.2M	100x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.04	+0.031%	$603	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.16	+0.066%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.08	+0.043%	$2.1M	$7K	10x	as long as short
GRVT AAPL_USDT_Perp	+0.0022%	8h	339.08	+0.043%	$14K	$498K	10x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.90	−0.011%	$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	338.62	−0.093%	—	$53K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.82	−0.034%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.90	−0.011%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.77	−0.049%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0064%	1h	338.97	+0.010%	$3.2M	$5.1M	10x	as long as short
Lighter AAPL	+0.0072%	1h	338.86	−0.024%	$771K	$2.4M	20x	as long as short
Bitget AAPLUSDT	+0.0072%	8h	339.02	+0.025%	$6.2M	$3.5M	100x	as long as short
BloFin AAPL-USDT	+0.0085%	8h	339.05	+0.034%	$348K	$170K	20x	as long as short
Variational Omni AAPLshort	+0.0087%	8h	339.06	+0.035%	$2.4M	$1.4M	—
Hotstuff AAPL-PERP	+0.0096%	1h	338.85	−0.025%	$36K	—	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.76	−0.052%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.74	−0.058%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.90	−0.011%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.99	+0.017%	$11K	—	10x	as long as short
Extended AAPL_24_5-USDlong	+0.0112%	1h	338.94	long leg	$285K	$1.5M	10x
Binance AAPLUSDT	+0.0112%	8h	339.01	+0.021%	$22.4M	$67.0M	25x	as long as short
Nado AAPL-PERP	+0.0120%	1h	338.69	−0.073%	$556K	$33K	20x	as long as short
tradeXYZ xyz:AAPL	+0.0187%	1h	338.88	−0.016%	$40.8M	$76.3M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0192%	1h	339.03	+0.028%	$660K	$676K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.50	+0.167%	$191K	$44K	30x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0311%	1h	338.88	−0.016%	$28K	$66K	10x	as long as short
Phoenix AAPL	+0.0330%	1h	339.10	+0.049%	$5K	$8K	20x	as long as short
Arcus AAPL-USD	+0.0397%	1h	338.85	−0.025%	$269K	$70K	20x	as long as short