Settings8H · net · $10k
Funding arb · Price arb /

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC−0.0069%/8h= −7.5% APRnext payment $0.69 per $10,000 · paid last 24h +0.014%
Price spread now: BloFin against Bybit−0.021%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$240.236% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.121%+$12 on $10k
Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.021%, 7d avg +0.016%
Together, before fees+0.123%+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.036% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.016%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.121%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit AAPLUSDT340.090.0066pay 0.0066% / 8h7h 45m$6.3M$180.6M100x
ShortBloFin AAPL-USDT340.02−0.0003pay 0.0003% / 8h7h 45m$345K$166K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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

Funding earned
−$14.44
Price spread: −0.021% → +0.016%
−$3.61
Slippage, 4 orders
−$0.59
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$41.63
Costs to cover
0.236%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 30 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago0.15 bp5.6 bp −$66.7 bp −$6718.7 bp −$1,866doesn't fit
Sell BloFin live order book, 30 min ago0.15 bp6.1 bp −$66.8 bp −$6818.2 bp −$1,824doesn't fit

AAPL on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX AAPLUSDC−0.0921%4h339.95−0.041%$81K$327K20xas long as short
Nado AAPL-PERP−0.0016%1h339.87−0.066%$556K$36K20xas long as short
BloFin AAPL-USDTshort−0.0003%8h340.02−0.021%$345K$166K20x
Aster AAPLUSDT0.0000%8h339.90−0.056%$121K$294K20xas long as short
Extended AAPL_24_5-USD0.0000%1h339.90−0.056%$285K$2.1M10xas long as short
Binance AAPLUSDT0.0000%8h339.99−0.029%$22.1M$67.2M25xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.98−0.032%$6.3M$6.9M25xas long as short
Gate AAPL_USDT0.0000%8h339.82−0.079%$3.0M$5.6M100xas long as short
Bitget AAPLUSDT0.0000%8h340.04−0.015%$6.2M$3.5M100xas long as short
Variational Omni AAPL0.0000%8h340.07−0.004%$2.5M$1.2Mas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT AAPL_USDT_Perp0.0000%8h340.04−0.015%$13K$349K10xas long as short
SunX AAPL-USDT0.0000%8h340.07−0.006%$408$4.4M20xas long as short
Deribit AAPL_USDC-PERPETUAL0.0000%1h339.89−0.059%$28K$69K10xas long as short
HTX AAPL-USDT0.0000%8h340.13+0.012%$62K$244K30xas long as short
Phemex AAPLUSDT0.0000%4h340.07−0.006%$2.1M$7K10xas long as short
Hotstuff AAPL-PERP+0.0008%1h339.96−0.038%$36K20xas long as short
QFEX AAPL-USD+0.0010%1h339.98−0.032%$3.2M$4.2M10xas long as short
Coinbase International AAPL-PERP-INTX+0.0024%1h339.92−0.050%$663K$656K10xas long as short
Lighter AAPL+0.0032%1h339.95−0.042%$932K$2.6M20xas long as short
Lighter RH AAPL+0.0032%1h339.94−0.044%$957K$3.2M20xas long as short
Arcus AAPL-USD+0.0040%1h339.95−0.041%$267K$59K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h339.79−0.088%$45K25xas long as short
Polymarket Perps AAPL-USD+0.0050%1h339.78−0.091%$279K$375K10xas long as short
SoDEX AAPL-USD+0.0050%1h339.90−0.056%$76K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h339.82−0.079%$1.3M$2.4M20xas long as short
Bybit AAPLUSDTlong+0.0066%8h340.09long leg$6.3M$180.6M100x
KuCoin AAPLUSDTM+0.0100%8h339.92−0.050%$1.4M$66K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h339.92−0.050%$949K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.93−0.047%$4K10xas long as short
tradeXYZ xyz:AAPL+0.0100%1h339.90−0.056%$40.3M$76.6M20xas long as short
Aevo AAPL-PERP+0.0104%1h339.87−0.065%$11K$10210xas long as short
Phoenix AAPL+0.0212%1h340.22+0.038%$5K$12K20xas long as short
Injective AAPL/USDC PERP+0.0220%1h340.55+0.135%$192K$44K30xas long as short