Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.003%

Price spread now: Coinbase International against Binance−0.024%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.024%, 7d avg −0.058%

Together, before fees+0.145%+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.034% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAPLUSDT	338.86	0	get 0.0000% / 8h	4h 46m	$22.2M	$67.0M	25x
Short	Coinbase International AAPL-PERP-INTX	338.78	0.0080	get 0.0010% / 1h	46m 03s	$659K	$664K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee BinancebpFee Coinbase InternationalbpOrdersPrice spread, now −0.024%Rate

Funding earned: $16.8
Price spread: −0.024% → −0.058%: $3.39
Slippage, 4 orders: −$6.63
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$6.43
Costs to cover: 0.266%
Break-even: 9.7 days

Slippage from Binance: live order book, 11 min ago; Coinbase International: live order book, 12 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 Binance live order book, 11 min ago	0.15 bp	5.6 bp −$6	8.7 bp −$87	29.4 bp −$2,940	doesn't fit
Sell Coinbase International live order book, 12 min ago	2.21 bp	7.7 bp −$8	10.6 bp −$106	doesn't fit	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	−0.0763%	4h	338.69	−0.050%	$81K	$327K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0045%	1h	338.57	−0.086%	$28K	$67K	10x	as long as short
BloFin AAPL-USDT	−0.0003%	8h	338.83	−0.009%	$342K	$168K	20x	as long as short
Nado AAPL-PERP	−0.0001%	1h	338.71	−0.045%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.86	0.000%	$122K	$290K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.77	−0.027%	$286K	$2.0M	10x	as long as short
Binance AAPLUSDTlong	0.0000%	8h	338.86	long leg	$22.2M	$67.0M	25x
Bybit AAPLUSDT	0.0000%	8h	338.85	−0.003%	$5.9M	$39.4M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.89	+0.009%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.62	−0.071%	$3.0M	$4.2M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	338.92	+0.018%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	338.86	−0.001%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.77	−0.027%	$17K	$425K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.85	−0.003%	$830	$4.6M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	338.93	+0.021%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.80	−0.018%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0031%	1h	338.81	−0.015%	$3.2M	$4.8M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.73	−0.039%	$779K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.77	−0.027%	$948K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.72	−0.041%	$269K	$68K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.61	−0.074%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.61	−0.074%	$253K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.75	−0.032%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.59	−0.080%	$1.3M	$2.5M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0061%	1h	338.78	−0.024%	$40.5M	$75.9M	20x	as long as short
Hotstuff AAPL-PERP	+0.0072%	1h	338.76	−0.030%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTXshort	+0.0080%	1h	338.78	−0.024%	$659K	$664K	10x
KuCoin AAPLUSDTM	+0.0100%	8h	338.75	−0.032%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.58	−0.083%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.72	−0.041%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.70	−0.046%	$10K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.52	−0.100%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	338.82	−0.012%	$5K	$11K	20x	as long as short