Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0184%/8h= +20.1% APRpaid last 24h +0.005%

Price spread now: Coinbase International against Bitget−0.053%47s7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as 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−$300.301% of the position

Long on Bitget Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 3 days (all we have)+0.070%+$7 · spread now −0.053%, 7d avg −0.059%

Together, before fees+0.105%+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.059%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.035% in total (about 1.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AAPLUSDT	338.69	0	get 0.0000% / 8h	7h 13m	$6.2M	$3.4M	100x
Short	Coinbase International AAPL-PERP-INTX	338.51	0.0184	get 0.0023% / 1h	13m 35s	$655K	$670K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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 BitgetbpFee Coinbase InternationalbpOrdersPrice spread, now −0.053%Rate

Funding earned: $38.64
Price spread: −0.053% → −0.059%: $0.62
Slippage, 4 orders: −$8.12
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $9.15
Costs to cover: 0.301%
Break-even: 5.3 days

Slippage from Bitget: live order book, 5 min ago; Coinbase International: live order book, 60 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 Bitget live order book, 5 min ago	0.15 bp	9.4 bp −$9	12.6 bp −$126	60.5 bp −$6,055	doesn't fit
Sell Coinbase International live order book, 60 min ago	0.15 bp	6.1 bp −$6	10.5 bp −$105	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	−0.0850%	4h	338.57	−0.035%	$81K	$327K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0282%	1h	338.37	−0.094%	$28K	$67K	10x	as long as short
Nado AAPL-PERP	−0.0019%	1h	338.52	−0.049%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.69	0.000%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.66	−0.009%	$6.0M	$39.4M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.67	−0.006%	$6.4M	$6.6M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.43	−0.077%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDTlong	0.0000%	8h	338.69	long leg	$6.2M	$3.4M	100x
GRVT AAPL_USDT_Perp	0.0000%	8h	338.67	−0.006%	$17K	$433K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.65	−0.012%	$647	$4.7M	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AAPL-USDT	0.0000%	8h	338.73	+0.012%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.69	0.000%	$2.1M	$6K	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.55	−0.043%	$765K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.58	−0.032%	$956K	$3.6M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.47	−0.065%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.62	−0.021%	$40.8M	$75.9M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.34	−0.103%	$263K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.62	−0.021%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.34	−0.103%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	338.61	−0.024%	$3.2M	$5.0M	10x	as long as short
Variational Omni AAPL	+0.0069%	8h	338.63	−0.019%	$2.4M	$1.4M	—	as long as short
Hotstuff AAPL-PERP	+0.0072%	1h	338.62	−0.021%	$36K	—	20x	as long as short
Binance AAPLUSDT	+0.0093%	8h	338.64	−0.013%	$22.2M	$66.8M	25x	as long as short
Extended AAPL_24_5-USD	+0.0096%	1h	338.63	−0.019%	$286K	$2.0M	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.63	−0.018%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.51	−0.053%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.53	−0.047%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.58	−0.033%	$10K	—	10x	as long as short
BloFin AAPL-USDT	+0.0114%	8h	338.81	+0.035%	$345K	$169K	20x	as long as short
Coinbase International AAPL-PERP-INTXshort	+0.0184%	1h	338.51	−0.053%	$655K	$670K	10x
Injective AAPL/USDC PERP	+0.0220%	1h	338.42	−0.080%	$190K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	338.71	+0.006%	$5K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0406%	1h	338.58	−0.032%	$269K	$70K	20x	as long as short