AAPL Funding Rate — Apple tokenized stock perpetuals across 16 venues
Tokenized stock (xStock) perpetual · compared across 16 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 16 venues Perpia tracks. Right now AAPL funding is positive on 12 and negative on 0, ranging from +24.6% on GMTrade to +0.0% on Gate.io — a spread of 24.6%. The widest delta-neutral trade is long Bybit / short GMTrade at 20.6% net APR.
AAPL funding trend & liquidity
168h of historyAverages 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 funding rate by venue
80 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| GMTrade↗ | +24.6% | 1h |
| Arcus↗ | +22.8% | 1h |
| Bitget↗ | +15.0% | 8h |
| KuCoin↗ | +10.9% | 8h |
| Nado↗ | +7.3% | 24h |
| Ondo Perps | +5.5% | 1h |
| Sodex↗ | +5.5% | 1h |
| Hyperliquid↗ | +5.5% | 1h |
| trade.xyz↗ | +5.5% | 1h |
| Vest↗ | +5.0% | 1h |
| Lighter↗ | +3.5% | 8h |
| Variational↗ | +1.2% | 8h |
| Bybit↗ | +0.0% | 8h |
| OKX↗ | +0.0% | 8h |
| Aster↗ | +0.0% | 8h |
| Gate.io↗ | +0.0% | 8h |
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 Bybit vs GMTrade page.
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AAPL funding — FAQ
Is AAPL funding positive right now?
AAPL perpetual funding is positive on 12 of 16 venues Perpia tracks. The highest is +24.6% on GMTrade; the lowest is +0.0% on Gate.io.
What is the best AAPL funding arbitrage right now?
Go long Bybit and short GMTrade for about 20.6% net APR after fees — the widest delta-neutral AAPL spread Perpia currently sees.
Which exchange has the highest AAPL funding rate?
GMTrade, at +24.6% 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.
Related tokenized stocks
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