Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0719%/8h= −78.8% APRpaid last 24h −0.166%

Price spread now: edgeX against BloFin+0.007%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on BloFin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.393%−$39 on $10k

Price spread, last 3 days (all we have)+0.042%+$4 · spread now +0.007%, 7d avg −0.021%

Together, before fees−0.352%+ Points / potential airdropedgeX: Active · farm board−$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.028% dearer against BloFin than usual: you sell high and buy low (spread +0.007% now, against its 7-day average of −0.021%): +$3 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.393% in total) that is about 12 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.393% in total (about -20.5% 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	BloFin AAPL-USDT	339.04	0.0013	pay 0.0013% / 8h	2h 05m	$353K	$165K	20x
Short	edgeX AAPLUSDC	339.06	−0.0706	pay 0.0353% / 4h	2h 05m	$81K	$325K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$151.07
Price spread: +0.007% → −0.021%: $2.78
Slippage, 4 orders: −$13.96
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$183.25
Costs to cover: 0.350%
Break-even: never at this rate

Slippage from BloFin: live order book, 14 min ago; edgeX: live order book, 17 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 BloFin live order book, 14 min ago	0.29 bp	7.3 bp −$7	10.9 bp −$109	26.9 bp −$2,687	doesn't fit
Sell edgeX live order book, 17 min ago	5.31 bp	10.6 bp −$11	18.8 bp −$188	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 AAPLUSDCshort	−0.0706%	4h	339.06	+0.007%	$81K	$325K	20x
Aster AAPLUSDT	0.0000%	8h	339.05	+0.004%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.00	−0.011%	$284K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.05	+0.004%	$22.3M	$67.3M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.08	+0.012%	$6.2M	$24.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.96	−0.024%	$6.6M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.85	−0.056%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.07	+0.009%	$6.2M	$3.3M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.07	+0.009%	$2.5M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.01	−0.007%	$14K	$510K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AAPL-USDT	0.0000%	8h	339.03	−0.003%	$515	$4.8M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.77	−0.080%	$28K	$65K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.17	+0.038%	$53K	$223K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.12	+0.024%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDTlong	+0.0013%	8h	339.04	long leg	$353K	$165K	20x
Lighter AAPL	+0.0032%	1h	338.91	−0.040%	$762K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.96	−0.024%	$974K	$3.9M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.67	−0.109%	—	$43K	25x	as long as short
QFEX AAPL-USD	+0.0049%	1h	338.97	−0.021%	$3.2M	$5.0M	10x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.74	−0.088%	$271K	$384K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.00	−0.012%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.72	−0.094%	$1.4M	$2.3M	20x	as long as short
Nado AAPL-PERP	+0.0087%	1h	338.75	−0.086%	$556K	$35K	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.77	−0.080%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.68	−0.106%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.96	−0.024%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.99	−0.015%	$11K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0128%	1h	338.99	−0.015%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0144%	1h	339.00	−0.012%	$661K	$675K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.83	+0.233%	$191K	$44K	30x	as long as short
tradeXYZ xyz:AAPL	+0.0221%	1h	338.98	−0.018%	$41.0M	$77.1M	20x	as long as short
Phoenix AAPL	+0.0283%	1h	339.08	+0.012%	$2K	$12K	20x	as long as short
Arcus AAPL-USD	+0.0310%	1h	338.96	−0.024%	$270K	$69K	20x	as long as short