Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h −0.003%

Price spread now: QFEX against Variational Omni−0.057%47s7-day average −0.047% · you buy dearer than you sell

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

Long on Variational Omni Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.002%$0 on $10k

Price spread, last 7 days+0.040%+$4 · spread now −0.057%, 7d avg −0.047%

Together, before fees+0.043%+ Points / potential airdropVariational Omni: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.047%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 47 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	Variational Omni AAPL	340.07	0	get 0.0000% / 8h	7h 41m	$2.5M	$1.2M	—
Short	QFEX AAPL-USD	339.88	0.0010	get 0.0001% / 1h	41m 50s	$3.2M	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Variational Omni. 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 Variational OmnibpFee QFEXbpOrdersPrice spread, now −0.057%Rate

Funding earned: $2.02
Price spread: −0.057% → −0.047%: −$1.03
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$9.01
Costs to cover: 0.100%
Break-even: 38.3 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; QFEX: live order book, 7 min ago. 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 Variational Omni RFQ quote, 2 min ago	2.05 bp	doesn't fit	4.5 bp −$45	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	1.91 bp	6.9 bp −$7	6.9 bp −$69	11.2 bp −$1,125	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	−0.0466%	4h	340.00	−0.023%	$81K	$328K	20x	as long as short
Nado AAPL-PERP	−0.0026%	1h	339.87	−0.061%	$556K	$36K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0015%	1h	339.76	−0.093%	$28K	$69K	10x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.90	−0.052%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.91	−0.047%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	340.01	−0.019%	$22.2M	$67.1M	25x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.98	−0.028%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.82	−0.075%	$3.0M	$5.6M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.96	−0.034%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPLlong	0.0000%	8h	340.07	long leg	$2.5M	$1.2M	—

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	340.04	−0.010%	$13K	$349K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	340.01	−0.019%	$755	$4.4M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	340.10	+0.007%	$62K	$244K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.96	−0.034%	$2.1M	$7K	10x	as long as short
Bybit AAPLUSDT	+0.0006%	8h	340.03	−0.013%	$6.3M	$181.1M	100x	as long as short
Hotstuff AAPL-PERP	+0.0008%	1h	339.96	−0.034%	$36K	—	20x	as long as short
QFEX AAPL-USDshort	+0.0010%	1h	339.88	−0.057%	$3.2M	$4.2M	10x
BloFin AAPL-USDT	+0.0015%	8h	339.92	−0.046%	$345K	$166K	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.92	−0.046%	$663K	$653K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.97	−0.031%	$932K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.95	−0.037%	$956K	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.88	−0.057%	$267K	$59K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.78	−0.087%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.80	−0.081%	$279K	$350K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.85	−0.066%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.72	−0.104%	$1.3M	$2.3M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0073%	1h	339.85	−0.066%	$40.4M	$76.6M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.85	−0.066%	$1.4M	$71K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.84	−0.069%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.86	−0.063%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.85	−0.066%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	340.22	+0.043%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.55	+0.140%	$192K	$44K	30x	as long as short