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: OKX against SunX+0.027%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1111.109% of the position

Long on SunX Short on OKX

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)−0.024%−$2 · spread now +0.027%, 7d avg −0.034%

Together, before fees−0.035%−$4 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: OKX is 0.060% dearer against SunX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.034%.

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 27m	$711	$4.6M	20x
Short	OKX AAPL-USDT-SWAP	338.88	0	get 0.0000% / 8h	5h 27m	$6.3M	$6.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → −0.034%: $6.01
Slippage, 4 orders: −$92.86
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$104.85
Costs to cover: 1.109%
Break-even: never at this rate

Slippage from SunX: live order book, 11 min ago; OKX: 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 SunX live order book, 11 min ago	44.71 bp	49.2 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.15 bp	5.1 bp −$5	10.5 bp −$105	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	+0.008%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.69	−0.029%	$285K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.80	+0.003%	$22.2M	$67.0M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.83	+0.012%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAPshort	0.0000%	8h	338.88	+0.027%	$6.3M	$6.8M	25x
Gate AAPL_USDT	0.0000%	8h	338.59	−0.059%	$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	338.62	−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	338.69	−0.030%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.72	−0.021%	$946K	$11.0M	50x	as long as short
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