Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.015%

Price spread now: Ondo Perps against Orderly−0.027%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.027% cheaper against Orderly than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AAPL_USDC_mythos	339.52	0.0100	pay 0.0100% / 8h	51m 41s	$4K	—	10x
Short	Ondo Perps AAPL-USD.P	339.43	0.0050	get 0.0006% / 1h	51m 41s	$1.3M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Orderly. 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 OrderlybpFee Ondo PerpsbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$10.42
Price spread: −0.027% → 0.000%: −$2.65
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$24.07
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

Orderly and 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	−0.0147%	4h	339.54	+0.005%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0115%	1h	339.54	+0.005%	$555K	$37K	20x	as long as short
BloFin AAPL-USDT	−0.0021%	8h	339.66	+0.041%	$343K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.59	+0.021%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.56	+0.011%	$286K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.65	+0.038%	$22.1M	$67.5M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.61	+0.027%	$6.2M	$130.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.65	+0.038%	$6.3M	$6.9M	25x	as long as short
Hotstuff AAPL-PERP	0.0000%	1h	339.55	+0.009%	$36K	—	20x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.39	−0.038%	$3.0M	$5.3M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	339.61	+0.027%	$6.2M	$3.6M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.60	+0.022%	$2.4M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.64	+0.035%	$16K	$402K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.63	+0.032%	$747	$4.5M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.45	−0.021%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.72	+0.059%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.76	+0.071%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0027%	1h	339.58	+0.018%	$3.3M	$4.2M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.59	+0.020%	$941K	$2.7M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.56	+0.012%	$949K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.54	+0.006%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.46	−0.018%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.57	+0.015%	$40.6M	$76.2M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.52	0.000%	$279K	$424K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.57	+0.015%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.Pshort	+0.0050%	1h	339.43	−0.027%	$1.3M	$2.4M	20x
Coinbase International AAPL-PERP-INTX	+0.0064%	1h	339.55	+0.009%	$660K	$661K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.42	−0.029%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.47	−0.015%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythoslong	+0.0100%	8h	339.52	long leg	$4K	—	10x
Aevo AAPL-PERP	+0.0104%	1h	339.53	+0.002%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.38	−0.041%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	339.73	+0.062%	$5K	$12K	20x	as long as short