Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.007%

Price spread now: Bybit against tradeXYZ+0.041%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on tradeXYZ Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 7 days+0.023%+$2 · spread now +0.041%, 7d avg +0.082%

Together, before fees+0.030%+ Points / potential airdroptradeXYZ: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.040% cheaper against tradeXYZ than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.082%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AAPL	339.06	0.0050	pay 0.0006% / 1h	5m 15s	$40.5M	$76.2M	20x
Short	Bybit AAPLUSDT	339.20	0	get 0.0000% / 8h	3h 05m	$5.8M	$71.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against tradeXYZ. 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 tradeXYZbpFee BybitbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$10.5
Price spread: +0.041% → +0.082%: −$4.04
Slippage, 4 orders: −$3.13
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$46.68
Costs to cover: 0.321%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 3 min ago; Bybit: live order book, 4 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 tradeXYZ live order book, 3 min ago	0.44 bp	9.9 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.15 bp	6.0 bp −$6	8.9 bp −$89	37.4 bp −$3,738	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	−0.0405%	4h	339.17	+0.032%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0097%	1h	339.11	+0.015%	$555K	$38K	20x	as long as short
BloFin AAPL-USDT	−0.0021%	8h	339.22	+0.047%	$341K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.15	+0.026%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.12	+0.016%	$279K	$1.6M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.20	+0.041%	$22.0M	$67.1M	25x	as long as short
Bybit AAPLUSDTshort	0.0000%	8h	339.20	+0.041%	$5.8M	$71.7M	100x
OKX AAPL-USDT-SWAP	0.0000%	8h	339.22	+0.047%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.95	−0.032%	$3.0M	$4.5M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.30	+0.071%	$6.2M	$3.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.20	+0.043%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.29	+0.067%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.19	+0.038%	$655	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.01	−0.015%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.31	+0.074%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.34	+0.083%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0030%	1h	339.14	+0.024%	$3.2M	$4.4M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.03	−0.009%	$808K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.04	−0.006%	$939K	$3.6M	20x	as long as short
Hotstuff AAPL-PERP	+0.0040%	1h	339.07	+0.003%	$36K	—	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.06	0.000%	$266K	$61K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.03	−0.009%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPLlong	+0.0050%	1h	339.06	long leg	$40.5M	$76.2M	20x
Polymarket Perps AAPL-USD	+0.0050%	1h	339.09	+0.009%	$277K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.06	0.000%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.03	−0.009%	$1.3M	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	339.12	+0.018%	$661K	$656K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.20	+0.041%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.16	+0.029%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.08	+0.006%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.11	+0.013%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.05	−0.003%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.26	+0.059%	$5K	$11K	20x	as long as short