Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against SunX−0.021%73s7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1131.132% of the position

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 on $10k

Price spread, last 4 days (all we have)+0.181%+$18 · spread now −0.021%, 7d avg −0.045%

Together, before fees+0.391%+$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.025% dearer against SunX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.045%. The two prices were read 73 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	SunX AAPL-USDT	338.79	0	get 0.0000% / 8h	5h 28m	$711	$4.6M	20x
Short	ApeX Omni AAPLUSDT	338.72	0.0100	get 0.0013% / 1h	28m 08s	$946K	$11.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now −0.021%Rate

Funding earned: $21
Price spread: −0.021% → −0.045%: $2.46
Slippage, 4 orders: −$95.23
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$89.76
Costs to cover: 1.132%
Break-even: 36.9 days

Slippage from SunX: live order book, 10 min ago; ApeX Omni: live order book, 1 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 SunX live order book, 10 min ago	44.71 bp	49.2 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 1 min ago	2.07 bp	7.7 bp −$8	9.1 bp −$91	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	−0.0112%	4h	338.86	+0.020%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0054%	1h	338.66	−0.038%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.82	+0.009%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.70	−0.027%	$285K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.79	+0.001%	$22.2M	$67.0M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.84	+0.015%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.88	+0.027%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.58	−0.062%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.93	+0.041%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	338.99	+0.058%	$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	338.90	+0.031%	$17K	$424K	10x	as long as short
SunX AAPL-USDTlong	0.0000%	8h	338.79	long leg	$711	$4.6M	20x
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.61	−0.053%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	338.90	+0.032%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.99	+0.059%	$2.1M	$6K	10x	as long as short
BloFin AAPL-USDT	+0.0004%	8h	338.85	+0.018%	$343K	$169K	20x	as long as short
QFEX AAPL-USD	+0.0013%	1h	338.79	0.000%	$3.2M	$4.8M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.61	−0.052%	$771K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.66	−0.038%	$950K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.78	−0.003%	$269K	$69K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.60	−0.056%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	338.78	−0.003%	$659K	$673K	10x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.55	−0.071%	$261K	$370K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.69	−0.030%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.65	−0.041%	$1.3M	$2.5M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0066%	1h	338.68	−0.032%	$40.7M	$75.8M	20x	as long as short
Hotstuff AAPL-PERP	+0.0088%	1h	338.68	−0.032%	$36K	—	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.70	−0.027%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDTshort	+0.0100%	1h	338.72	−0.021%	$946K	$11.0M	50x
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.69	−0.030%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.67	−0.035%	$10K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.72	−0.021%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	338.96	+0.050%	$5K	$11K	20x	as long as short