Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0800%/8h= −87.6% APRpaid last 24h −0.207%

Price spread now: edgeX against SunX−0.021%74s7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$170as 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−$1201.197% of the position

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.501%−$50 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.021%, 7d avg −0.012%

Together, before fees−0.443%+ Points / potential airdropedgeX: Active · farm board−$44 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: −$24 a day on $10k at the current rate. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.501% in total (about -26.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAPL-USDT	339.84	0	get 0.0000% / 8h	2h 05m	$639	$4.6M	20x
Short	edgeX AAPLUSDC	339.77	−0.0800	pay 0.0400% / 4h	2h 05m	$81K	$326K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$168.09
Price spread: −0.021% → −0.012%: −$0.97
Slippage, 4 orders: −$102.65
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$288.71
Costs to cover: 1.197%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; edgeX: live order book, 43 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, 3 min ago	44.87 bp	49.4 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 43 min ago	5.16 bp	10.7 bp −$11	18.3 bp −$183	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 AAPLUSDCshort	−0.0800%	4h	339.77	−0.021%	$81K	$326K	20x
Hotstuff AAPL-PERP	−0.0128%	1h	339.71	−0.038%	$36K	—	20x	as long as short
Nado AAPL-PERP	−0.0115%	1h	339.71	−0.037%	$556K	$38K	20x	as long as short
BloFin AAPL-USDT	−0.0002%	8h	339.81	−0.009%	$339K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.72	−0.036%	$121K	$293K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.76	−0.024%	$288K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.84	0.000%	$22.1M	$67.6M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.85	+0.003%	$5.8M	$96.6M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.81	−0.009%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.58	−0.077%	$3.0M	$4.9M	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	339.86	+0.006%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.86	+0.004%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.80	−0.013%	$16K	$411K	10x	as long as short
SunX AAPL-USDTlong	0.0000%	8h	339.84	long leg	$639	$4.6M	20x
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.72	−0.035%	$28K	$68K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.97	+0.038%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.86	+0.006%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0020%	1h	339.74	−0.029%	$3.3M	$4.4M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.74	−0.029%	$911K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.75	−0.026%	$945K	$3.7M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.65	−0.056%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.58	−0.077%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	339.55	−0.085%	$660K	$661K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.72	−0.035%	$40.6M	$76.6M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.68	−0.047%	$282K	$415K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.74	−0.029%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.58	−0.077%	$1.3M	$2.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.58	−0.077%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.68	−0.047%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.71	−0.038%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.69	−0.043%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.84	0.000%	$5K	$11K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.56	−0.082%	$191K	$44K	30x	as long as short