AAPL funding rate

Tokenized stock (xStock) perpetual · 17 venues · net of estimated fees

AAPL Funding Rate — Apple tokenized stock perpetuals across 17 venues

Tokenized stock (xStock) perpetual · compared across 17 venues · net of estimated fees · updated every few minutes

AAPL represents tokenized exposure to Apple shares (a Backed.fi xStock) traded as a perpetual. The perp, its funding and the underlying share are three different things — read the rate with liquidity and the backtest below.

Live annualized AAPL perpetual funding across all 17 venues Perpia tracks. Right now AAPL funding is positive on 6 and negative on 4, ranging from +5.5% on Ondo Perps to -45.1% on Arcus — a spread of 50.7%. The widest delta-neutral trade is long Arcus / short Ondo Perps at 48.7% net APR.

17venues
6paying positive
50.7%funding spread
Best AAPL spread now
48.7%
net APR after fees
LongArcus↗→ShortOndo Perps
max size ≈ $14,929 before slippage

AAPL funding trend & liquidity

168h of history
50.7%current gross APR
21.2%24h average
5.3%7-day average
$1.5Mpair OI · lower leg
$5.4M24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

AAPL · Arcus → Ondo Perps — no history

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Build a route

any two of the 17 venues
Gross spread+50.7%+$13.88 / day on $10,000
Widest routes

This is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.

Venues: pick the two legs

sorted by rate · 17 venues
VenueFunding APR ↓IntervalUse as
Ondo Perpsshort+5.5%every 1h
Vest↗+5.0%every 1h
Ostium↗+4.8%every 1h
Lighter↗+3.5%every 8h
trade.xyz↗+0.3%every 1h
GMTrade↗+0.0%every 1h
OKX↗+0.0%every 8h
Gate.io↗+0.0%every 8h
Variational↗+0.0%every 8h
Bitget↗+0.0%every 8h
Aster↗+0.0%every 8h
KuCoin↗+0.0%every 8h
HTX↗+0.0%every 8h
below — these venues pay the longs: this is the leg you buy
Hyperliquid↗−3.4%every 1h
Nado↗−12.8%every 24h
Bybit↗−14.6%every 8h
Arcus↗long−45.1%every 1h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Arcus vs Ondo Perps page. 69 pairs scanned for AAPL.

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AAPL — FAQ

Is AAPL funding positive right now?

AAPL perpetual funding is positive on 6 of 17 venues Perpia tracks and negative on 4. The highest is +5.5% on Ondo Perps; the lowest is -45.1% on Arcus.

What is the best AAPL funding arbitrage right now?

Go long Arcus and short Ondo Perps for about 48.7% net APR after fees — the widest delta-neutral AAPL spread Perpia currently sees.

Which exchange has the highest AAPL funding rate?

Ondo Perps, at +5.5% annualized. Funding shifts continuously, so check the live table above before trading.

How AAPL funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

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