Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h −0.007%

Price spread now: Deribit against BloFin−0.029%57s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.029% cheaper against BloFin than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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	BloFin AAPL-USDT	339.93	−0.0003	get 0.0003% / 8h	7h 01m	$346K	$166K	20x
Short	Deribit AAPL_USDC-PERPETUAL	339.83	0	get 0.0000% / 1h	1m 30s	$28K	$70K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. 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 BloFinbpFee DeribitbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0.61
Price spread: −0.029% → 0.000%: −$2.94
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$21.33
Costs to cover: 0.190%
Break-even: 251.2 days

Slippage unknown: BloFin: live order book, 9 min ago; Deribit: no order-book sample. Net counts fees only.

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 BloFin live order book, 9 min ago	0.59 bp	6.6 bp −$7	7.1 bp −$71	19.4 bp −$1,938	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0477%	4h	339.98	+0.016%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0019%	1h	339.87	−0.019%	$556K	$35K	20x	as long as short
BloFin AAPL-USDTlong	−0.0003%	8h	339.93	long leg	$346K	$166K	20x
Aster AAPLUSDT	0.0000%	8h	339.89	−0.011%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.90	−0.009%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	340.00	+0.021%	$22.1M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	340.02	+0.026%	$6.5M	$224.7M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.96	+0.009%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.77	−0.047%	$3.0M	$6.7M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.94	+0.003%	$6.2M	$3.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	340.04	+0.031%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	340.04	+0.032%	$22K	$345K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.86	−0.021%	$585	$4.3M	20x	as long as short
Deribit AAPL_USDC-PERPETUALshort	0.0000%	1h	339.83	−0.029%	$28K	$70K	10x
HTX AAPL-USDT	0.0000%	8h	340.12	+0.056%	$62K	$242K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.96	+0.009%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0010%	1h	339.96	+0.009%	$3.3M	$4.2M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.56	−0.109%	$660K	$652K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.94	+0.003%	$928K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.92	−0.003%	$986K	$3.3M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.85	−0.024%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.74	−0.056%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.89	−0.012%	$40.4M	$76.7M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.84	−0.026%	$279K	$350K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.88	−0.015%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.75	−0.053%	$1.3M	$2.2M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.79	−0.041%	$1.4M	$98K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.85	−0.024%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.84	−0.026%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.81	−0.034%	$11K	$102	10x	as long as short
Hotstuff AAPL-PERP	+0.0168%	1h	339.86	−0.021%	$36K	—	20x	as long as short
Phoenix AAPL	+0.0212%	1h	340.07	+0.041%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.35	+0.124%	$192K	$44K	30x	as long as short