Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against OKX−0.012%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1111.115% of the position

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.012%, 7d avg +0.032%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.044% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AAPL-USDT-SWAP	338.96	0	get 0.0000% / 8h	3h 43m	$6.3M	$6.8M	25x
Short	SunX AAPL-USDT	338.92	0	get 0.0000% / 8h	3h 43m	$847	$4.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against OKX. 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 OKXbpFee SunXbpOrdersPrice spread, now −0.012%Rate

Funding earned: $0
Price spread: −0.012% → +0.032%: −$4.42
Slippage, 4 orders: −$93.45
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$115.88
Costs to cover: 1.115%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; SunX: live order book, 5 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 OKX live order book, 4 min ago	0.15 bp	6.5 bp −$6	12.1 bp −$121	doesn't fit	doesn't fit
Sell SunX live order book, 5 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	−0.0172%	4h	338.95	−0.002%	$81K	$328K	20x	as long as short
Nado AAPL-PERP	−0.0106%	1h	338.80	−0.046%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.84	−0.036%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.83	−0.039%	$284K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.92	−0.012%	$21.9M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.87	−0.027%	$5.9M	$61.3M	100x	as long as short
OKX AAPL-USDT-SWAPlong	0.0000%	8h	338.96	long leg	$6.3M	$6.8M	25x
Gate AAPL_USDT	0.0000%	8h	338.65	−0.091%	$3.0M	$4.3M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.95	−0.003%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.01	+0.016%	$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	338.85	−0.032%	$16K	$411K	10x	as long as short
SunX AAPL-USDTshort	0.0000%	8h	338.92	−0.012%	$847	$4.6M	20x
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.69	−0.080%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.04	+0.024%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.94	−0.006%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0024%	8h	338.96	0.000%	$340K	$168K	20x	as long as short
QFEX AAPL-USD	+0.0030%	1h	338.88	−0.024%	$3.2M	$4.5M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.79	−0.050%	$783K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.80	−0.047%	$946K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.82	−0.041%	$266K	$65K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.76	−0.059%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.80	−0.047%	$40.5M	$76.0M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.79	−0.050%	$278K	$405K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.79	−0.050%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.72	−0.071%	$1.3M	$2.5M	20x	as long as short
Hotstuff AAPL-PERP	+0.0072%	1h	338.80	−0.047%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	338.78	−0.053%	$661K	$657K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.59	−0.109%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.84	−0.035%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.80	−0.047%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.81	−0.045%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.77	−0.056%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	338.97	+0.003%	$5K	$11K	20x	as long as short