Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.007%

Price spread now: QFEX against BloFin−0.026%7-day average −0.022% · 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−$28as in the Price arb table

costs, in and out, $10k−$270.273% of the position

Long on BloFin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.098%−$10 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.026%, 7d avg −0.022%

Together, before fees−0.036%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.098%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AAPL-USDT	339.84	−0.0015	get 0.0015% / 8h	6h 54m	$346K	$166K	20x
Short	QFEX AAPL-USD	339.75	0.0031	get 0.0004% / 1h	54m 57s	$3.3M	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.026%Rate

Funding earned: $9.57
Price spread: −0.026% → −0.022%: −$0.41
Slippage, 4 orders: −$5.31
Fee BloFin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$18.15
Costs to cover: 0.273%
Break-even: 20.3 days

Slippage from BloFin: live order book, 15 min ago; QFEX: 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 BloFin live order book, 15 min ago	0.59 bp	6.6 bp −$7	7.1 bp −$71	19.4 bp −$1,938	doesn't fit
Sell QFEX live order book, 4 min ago	2.06 bp	7.1 bp −$7	7.7 bp −$77	12.3 bp −$1,230	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	−0.0111%	4h	339.90	+0.017%	$81K	$325K	20x	as long as short
Nado AAPL-PERP	−0.0051%	1h	339.76	−0.025%	$556K	$35K	20x	as long as short
BloFin AAPL-USDTlong	−0.0015%	8h	339.84	long leg	$346K	$166K	20x
Aster AAPLUSDT	0.0000%	8h	339.80	−0.013%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.73	−0.033%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.80	−0.013%	$22.1M	$67.2M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.90	+0.018%	$6.3M	$231.7M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.86	+0.006%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.69	−0.044%	$3.0M	$6.8M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.81	−0.009%	$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	339.85	+0.001%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.99	+0.043%	$22K	$345K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.92	+0.024%	$673	$4.3M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.67	−0.050%	$28K	$70K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.91	+0.021%	$62K	$242K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.90	+0.018%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USDshort	+0.0031%	1h	339.75	−0.026%	$3.3M	$4.3M	10x
Lighter AAPL	+0.0032%	1h	339.80	−0.013%	$928K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.74	−0.029%	$986K	$3.1M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.66	−0.053%	—	$45K	25x	as long as short
Hotstuff AAPL-PERP	+0.0048%	1h	339.74	−0.029%	$36K	—	20x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.73	−0.032%	$40.4M	$76.7M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.74	−0.029%	$279K	$350K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.78	−0.018%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.60	−0.071%	$1.3M	$2.2M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0056%	1h	339.97	+0.038%	$661K	$653K	10x	as long as short
Arcus AAPL-USD	+0.0082%	1h	339.73	−0.032%	$267K	$60K	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.71	−0.038%	$1.4M	$105K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.84	0.000%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.76	−0.024%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.72	−0.034%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.97	+0.038%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.35	+0.150%	$192K	$44K	30x	as long as short