Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0110%/8h= +12.1% APRpaid last 24h −0.016%

Price spread now: tradeXYZ against BloFin−0.024%68s7-day average −0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as 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−$320.323% of the position

Long on BloFin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now −0.024%, 7d avg −0.094%

Together, before fees−0.213%+ Points / potential airdroptradeXYZ: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and tradeXYZ is 0.070% dearer against BloFin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.094%. Mind the row above: over the last 7 days funding on this pair cost −0.124%, so the current rate has only just turned in your favour. The two prices were read 68 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	339.72	−0.0015	get 0.0015% / 8h	1h 52m	$341K	$168K	20x
Short	tradeXYZ xyz:AAPL	339.64	0.0095	get 0.0012% / 1h	52m 02s	$40.6M	$76.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.024%Rate

Funding earned: $23.13
Price spread: −0.024% → −0.094%: $7
Slippage, 4 orders: −$2.25
Fee BloFin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$2.12
Costs to cover: 0.323%
Break-even: 7.6 days

Slippage from BloFin: live order book, 33 min ago; tradeXYZ: live order book, 6 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, 33 min ago	0.15 bp	6.6 bp −$7	7.0 bp −$70	11.9 bp −$1,190	doesn't fit
Sell tradeXYZ live order book, 6 min ago	0.15 bp	9.5 bp −$10	12.4 bp −$124	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	−0.0978%	4h	339.57	−0.044%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0055%	1h	339.51	−0.061%	$555K	$38K	20x	as long as short
BloFin AAPL-USDTlong	−0.0015%	8h	339.72	long leg	$341K	$168K	20x
Hotstuff AAPL-PERP	−0.0008%	1h	339.60	−0.035%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.53	−0.055%	$121K	$293K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.62	−0.029%	$288K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.72	0.000%	$22.1M	$67.7M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.68	−0.012%	$7.0M	$103.8M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.68	−0.012%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.47	−0.074%	$3.0M	$4.9M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	339.77	+0.015%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.65	−0.019%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.64	−0.023%	$16K	$402K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.71	−0.003%	$924	$4.6M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.81	+0.026%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.74	+0.006%	$2.1M	$7K	10x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0015%	1h	339.54	−0.053%	$28K	$68K	10x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.65	−0.021%	$3.2M	$4.3M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.55	−0.050%	$660K	$657K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.56	−0.046%	$908K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.57	−0.044%	$951K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.55	−0.050%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.46	−0.077%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.60	−0.035%	$280K	$416K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.61	−0.032%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.48	−0.071%	$1.3M	$2.4M	20x	as long as short
tradeXYZ xyz:AAPLshort	+0.0095%	1h	339.64	−0.024%	$40.6M	$76.6M	20x
KuCoin AAPLUSDTM	+0.0100%	8h	339.40	−0.094%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.47	−0.074%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.54	−0.053%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.56	−0.048%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.77	+0.015%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.39	−0.097%	$191K	$44K	30x	as long as short