Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h +0.006%

Price spread now: QFEX against Bitget−0.012%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.010%+$1 on $10k

Price spread, last 7 days−0.012%−$1 · spread now −0.012%, 7d avg −0.042%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.030% dearer against Bitget than usual: you sell high and buy low (spread −0.012% now, against its 7-day average of −0.042%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AAPLUSDT	339.09	0.0090	pay 0.0090% / 8h	0m 40s	$6.2M	$3.5M	100x
Short	QFEX AAPL-USD	339.05	0.0064	get 0.0008% / 1h	0m 40s	$3.2M	$5.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$5.39
Price spread: −0.012% → −0.042%: $3
Slippage, 4 orders: −$8.29
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$32.68
Costs to cover: 0.303%
Break-even: never at this rate

Slippage from Bitget: live order book, 8 min ago; QFEX: live order book, 3 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, 8 min ago	0.15 bp	7.7 bp −$8	12.3 bp −$123	46.5 bp −$4,647	doesn't fit
Sell QFEX live order book, 3 min ago	1.92 bp	6.9 bp −$7	7.3 bp −$73	12.4 bp −$1,238	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	−0.0997%	4h	338.99	−0.030%	$81K	$327K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.99	−0.029%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.12	+0.009%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.10	+0.003%	$6.5M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.86	−0.068%	$3.0M	$4.2M	100x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.00	−0.027%	$566	$4.8M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.89	−0.059%	$28K	$66K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.21	+0.035%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.06	−0.009%	$2.1M	$6K	10x	as long as short
GRVT AAPL_USDT_Perp	+0.0025%	8h	339.05	−0.012%	$13K	$490K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH AAPL	+0.0032%	1h	339.01	−0.024%	$957K	$3.8M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.77	−0.094%	—	$53K	25x	as long as short
Lighter AAPL	+0.0048%	1h	338.97	−0.035%	$771K	$2.5M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.88	−0.062%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.96	−0.038%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.74	−0.103%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USDshort	+0.0064%	1h	339.05	−0.012%	$3.2M	$5.1M	10x
Hotstuff AAPL-PERP	+0.0088%	1h	338.98	−0.032%	$36K	—	20x	as long as short
Bitget AAPLUSDTlong	+0.0090%	8h	339.09	long leg	$6.2M	$3.5M	100x
Nado AAPL-PERP	+0.0098%	1h	338.85	−0.072%	$557K	$36K	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.83	−0.077%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.82	−0.080%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.90	−0.056%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.97	−0.037%	$11K	—	10x	as long as short
Variational Omni AAPL	+0.0106%	8h	339.00	−0.025%	$2.4M	$1.4M	—	as long as short
Binance AAPLUSDT	+0.0127%	8h	339.10	+0.002%	$22.4M	$67.1M	25x	as long as short
Extended AAPL_24_5-USD	+0.0128%	1h	339.01	−0.025%	$285K	$1.5M	10x	as long as short
BloFin AAPL-USDT	+0.0129%	8h	339.06	−0.009%	$347K	$170K	20x	as long as short
tradeXYZ xyz:AAPL	+0.0172%	1h	338.97	−0.035%	$40.8M	$76.1M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0192%	1h	339.03	−0.018%	$660K	$676K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.80	−0.086%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	339.13	+0.012%	$5K	$8K	20x	as long as short
Arcus AAPL-USD	+0.0397%	1h	338.93	−0.047%	$269K	$70K	20x	as long as short