Settings8H · net · $10k
Funding arb · Price arb /

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0056%/8h= −6.2% APRnext payment $0.56 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance+0.021%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$240.236% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.010%−$1 on $10k
Price spread, last 2 days (all we have)−0.042%−$4 · spread now +0.021%, 7d avg −0.012%
Together, before fees−0.051%−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.033% dearer against Binance than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.012%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 47 hours. At the pace of the last 7 days (−0.010% in total) that is about 24 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance AAPLUSDT339.170.0056pay 0.0056% / 8h52m 40s$22.4M$67.2M25x
ShortBybit AAPLUSDT339.240get 0.0000% / 8h52m 40s$6.1M$39.8M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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

Funding earned
−$11.85
Price spread: +0.021% → −0.012%
$3.3
Slippage, 4 orders
−$2.56
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$32.12
Costs to cover
0.236%
Break-even
never at this rate
Slippage from Binance: live order book, 5 min ago; Bybit: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 5 min ago0.15 bp5.9 bp −$68.8 bp −$8832.7 bp −$3,266doesn't fit
Sell Bybit live order book, 1 min ago0.15 bp6.4 bp −$69.3 bp −$9336.8 bp −$3,684doesn't fit

AAPL on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX AAPLUSDC−0.0916%4h339.15−0.005%$81K$325K20xas long as short
Aster AAPLUSDT0.0000%8h339.00−0.050%$122K$291K20xas long as short
Bybit AAPLUSDTshort0.0000%8h339.24+0.021%$6.1M$39.8M100x
OKX AAPL-USDT-SWAP0.0000%8h339.170.000%$6.5M$7.0M25xas long as short
Gate AAPL_USDT0.0000%8h338.91−0.077%$3.0M$4.2M100xas long as short
GRVT AAPL_USDT_Perp0.0000%8h339.14−0.009%$14K$498K10xas long as short
SunX AAPL-USDT0.0000%8h339.16−0.003%$526$4.8M20xas long as short
HTX AAPL-USDT0.0000%8h339.25+0.024%$52K$222K30xas long as short
Phemex AAPLUSDT0.0000%4h339.170.000%$2.1M$7K10xas long as short
Bitget AAPLUSDT+0.0018%8h339.19+0.006%$6.2M$3.4M100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni AAPL+0.0022%8h339.17−0.001%$2.4M$1.4Mas long as short
Lighter RH AAPL+0.0032%1h339.07−0.029%$964K$3.7M20xas long as short
Vest AAPL-USD-PERP+0.0046%1h338.81−0.106%$53K25xas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.96−0.062%$265K$394K10xas long as short
SoDEX AAPL-USD+0.0050%1h339.05−0.035%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.87−0.088%$1.4M$2.4M20xas long as short
Extended AAPL_24_5-USD+0.0056%1h339.10−0.020%$285K$1.5M10xas long as short
Binance AAPLUSDTlong+0.0056%8h339.17long leg$22.4M$67.2M25x
QFEX AAPL-USD+0.0064%1h339.07−0.029%$3.2M$5.1M10xas long as short
BloFin AAPL-USDT+0.0081%8h339.14−0.009%$306K$167K20xas long as short
KuCoin AAPLUSDTM+0.0100%8h338.86−0.091%$1.4M$28K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h338.81−0.106%$946K$10.9M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.02−0.044%$4K10xas long as short
Lighter AAPL+0.0104%1h339.05−0.037%$773K$2.4M20xas long as short
Aevo AAPL-PERP+0.0104%1h339.10−0.021%$11K10xas long as short
Nado AAPL-PERP+0.0120%1h338.84−0.096%$556K$35K20xas long as short
Hotstuff AAPL-PERP+0.0144%1h339.03−0.041%$36K20xas long as short
Coinbase International AAPL-PERP-INTX+0.0192%1h339.03−0.041%$660K$677K10xas long as short
Deribit AAPL_USDC-PERPETUAL+0.0193%1h338.97−0.059%$28K$65K10xas long as short
Injective AAPL/USDC PERP+0.0220%1h340.07+0.265%$191K$44K30xas long as short
tradeXYZ xyz:AAPL+0.0223%1h339.04−0.038%$40.9M$76.4M20xas long as short
Phoenix AAPL+0.0330%1h339.20+0.009%$2K$8K20xas long as short
Arcus AAPL-USD+0.0397%1h338.99−0.053%$270K$71K20xas long as short