Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.005%

Price spread now: tradeXYZ against Binance−0.038%7-day average −0.107% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$310.308% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 7 days−0.043%−$4 · spread now −0.038%, 7d avg −0.107%

Together, before fees−0.070%+ Points / potential airdroptradeXYZ: Active · farm board−$7 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 tradeXYZ is 0.069% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.107%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAPLUSDT	339.84	0	get 0.0000% / 8h	2h 05m	$22.1M	$67.6M	25x
Short	tradeXYZ xyz:AAPL	339.71	0.0050	get 0.0006% / 1h	5m 29s	$40.6M	$76.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.038%Rate

Funding earned: $10.5
Price spread: −0.038% → −0.107%: $6.9
Slippage, 4 orders: −$2.77
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$13.37
Costs to cover: 0.308%
Break-even: 15.9 days

Slippage from Binance: live order book, 7 min ago; tradeXYZ: live order book, 4 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, 7 min ago	0.15 bp	5.4 bp −$5	9.3 bp −$93	31.7 bp −$3,170	doesn't fit
Sell tradeXYZ live order book, 4 min ago	0.29 bp	10.2 bp −$10	12.3 bp −$123	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	−0.0678%	4h	339.79	−0.016%	$81K	$327K	20x	as long as short
Hotstuff AAPL-PERP	−0.0128%	1h	339.71	−0.038%	$36K	—	20x	as long as short
Nado AAPL-PERP	−0.0114%	1h	339.72	−0.036%	$556K	$38K	20x	as long as short
BloFin AAPL-USDT	−0.0002%	8h	339.81	−0.009%	$339K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.70	−0.040%	$121K	$293K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.76	−0.024%	$288K	$1.8M	10x	as long as short
Binance AAPLUSDTlong	0.0000%	8h	339.84	long leg	$22.1M	$67.6M	25x
Bybit AAPLUSDT	0.0000%	8h	339.86	+0.006%	$5.8M	$96.7M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.81	−0.009%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.58	−0.077%	$3.0M	$4.9M	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	339.86	+0.006%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.86	+0.004%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.79	−0.014%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.84	0.000%	$639	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.72	−0.035%	$28K	$68K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.97	+0.038%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.86	+0.006%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0020%	1h	339.74	−0.029%	$3.3M	$4.4M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.74	−0.029%	$911K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.75	−0.026%	$945K	$3.7M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.65	−0.056%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.56	−0.082%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	339.55	−0.085%	$660K	$661K	10x	as long as short
tradeXYZ xyz:AAPLshort	+0.0050%	1h	339.71	−0.038%	$40.6M	$76.6M	20x
Polymarket Perps AAPL-USD	+0.0050%	1h	339.68	−0.047%	$282K	$415K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.74	−0.029%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.58	−0.077%	$1.3M	$2.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.55	−0.085%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.62	−0.065%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.71	−0.038%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.69	−0.043%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.87	+0.009%	$5K	$11K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.56	−0.082%	$191K	$44K	30x	as long as short