Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against Binance0.000%59s7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.243% of the position

Long on Binance Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 2 days (all we have)−0.023%−$2 · spread now 0.000%, 7d avg −0.022%

Together, before fees−0.023%+ Points / potential airdropGRVT: Active · farm board−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.022% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.022%. The two prices were read 59 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	Binance AAPLUSDT	339.13	0	get 0.0000% / 8h	1h 34m	$22.4M	$67.4M	25x
Short	GRVT AAPL_USDT_Perp	339.13	0	get 0.0000% / 8h	1h 34m	$14K	$498K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.022%: $2.19
Slippage, 4 orders: −$5.28
Fee Binance: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$22.09
Costs to cover: 0.243%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; GRVT: live order book, 48 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, 8 min ago	0.15 bp	5.3 bp −$5	8.3 bp −$83	29.0 bp −$2,903	doesn't fit
Sell GRVT live order book, 48 min ago	1.33 bp	6.5 bp −$7	11.2 bp −$112	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	−0.0583%	4h	339.12	−0.003%	$81K	$326K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.14	+0.002%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.06	−0.020%	$284K	$1.5M	10x	as long as short
Binance AAPLUSDTlong	0.0000%	8h	339.13	long leg	$22.4M	$67.4M	25x
Bybit AAPLUSDT	0.0000%	8h	339.16	+0.009%	$6.1M	$39.6M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.06	−0.021%	$6.6M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.90	−0.068%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.12	−0.003%	$6.2M	$3.4M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.13	−0.001%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perpshort	0.0000%	8h	339.13	0.000%	$14K	$498K	10x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AAPL-USDT	0.0000%	8h	339.10	−0.009%	$726	$4.8M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.82	−0.091%	$28K	$65K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.21	+0.024%	$53K	$222K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.15	+0.006%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0027%	8h	339.16	+0.009%	$351K	$168K	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.05	−0.024%	$968K	$3.8M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.76	−0.109%	—	$53K	25x	as long as short
Lighter AAPL	+0.0048%	1h	339.02	−0.031%	$769K	$2.5M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.89	−0.071%	$265K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.01	−0.035%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.67	−0.136%	$1.5M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	339.05	−0.024%	$3.2M	$5.1M	10x	as long as short
Hotstuff AAPL-PERP	+0.0072%	1h	339.01	−0.035%	$36K	—	20x	as long as short
Nado AAPL-PERP	+0.0084%	1h	338.86	−0.080%	$556K	$34K	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.86	−0.080%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.79	−0.100%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.01	−0.035%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.04	−0.027%	$11K	—	10x	as long as short
tradeXYZ xyz:AAPL	+0.0184%	1h	339.01	−0.035%	$40.9M	$76.8M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	338.93	−0.059%	$659K	$675K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.55	+0.124%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0354%	1h	339.08	−0.015%	$2K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0364%	1h	339.00	−0.038%	$270K	$70K	20x	as long as short