Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.026%

Price spread now: Variational Omni against Ondo Perps+0.117%7-day average +0.092% · you sell dearer than you buy

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

Long on Ondo Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.055%−$6 on $10k

Price spread, last 7 days−0.023%−$2 · spread now +0.117%, 7d avg +0.092%

Together, before fees−0.078%+ Points / potential airdropOndo Perps: Active · Variational Omni: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.025% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.117% now, against its 7-day average of +0.092%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps AAPL-USD.P	338.73	0.0050	pay 0.0006% / 1h	45m 26s	$1.5M	$2.4M	20x
Short	Variational Omni AAPL	339.13	0	get 0.0000% / 8h	1h 45m	$2.4M	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Ondo Perps. 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 Ondo PerpsbpFee Variational OmnibpOrdersPrice spread, now +0.117%Rate

Funding earned: −$10.58
Price spread: +0.117% → +0.092%: $2.46
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$13.12
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Variational Omni: RFQ quote, 4 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 4 min ago	2.03 bp	doesn't fit	6.3 bp −$63	doesn't fit	doesn't fit

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	−0.0883%	4h	339.10	+0.108%	$81K	$327K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.16	+0.126%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.08	+0.102%	$284K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.15	+0.124%	$22.3M	$67.5M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.19	+0.136%	$6.1M	$31.3M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.05	+0.094%	$6.6M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.92	+0.056%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.11	+0.112%	$6.2M	$3.4M	100x	as long as short
Variational Omni AAPLshort	0.0000%	8h	339.13	+0.117%	$2.4M	$1.4M	—
GRVT AAPL_USDT_Perp	0.0000%	8h	339.16	+0.126%	$14K	$498K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AAPL-USDT	0.0000%	8h	339.12	+0.115%	$773	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.23	+0.148%	$53K	$223K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.19	+0.136%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0011%	8h	339.13	+0.118%	$352K	$168K	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.05	+0.094%	$968K	$3.8M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.78	+0.015%	—	$53K	25x	as long as short
Lighter AAPL	+0.0048%	1h	339.02	+0.087%	$768K	$2.5M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.92	+0.056%	$265K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.99	+0.077%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.Plong	+0.0050%	1h	338.73	long leg	$1.5M	$2.4M	20x
QFEX AAPL-USD	+0.0059%	1h	339.05	+0.094%	$3.2M	$5.1M	10x	as long as short
Hotstuff AAPL-PERP	+0.0072%	1h	339.01	+0.083%	$36K	—	20x	as long as short
Nado AAPL-PERP	+0.0093%	1h	338.87	+0.041%	$556K	$35K	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.89	+0.047%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.84	+0.032%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.00	+0.080%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.06	+0.098%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	338.93	+0.059%	$659K	$675K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0195%	1h	339.01	+0.083%	$40.9M	$77.0M	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.66	+0.275%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0354%	1h	339.11	+0.112%	$2K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0364%	1h	339.02	+0.086%	$270K	$70K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0399%	1h	339.06	+0.097%	$28K	$65K	10x	as long as short