Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.007%

Price spread now: QFEX against Bybit−0.024%7-day average −0.021% · 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−$24as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.013%+$1 on $10k

Price spread, last 7 days+0.015%+$2 · spread now −0.024%, 7d avg −0.021%

Together, before fees+0.028%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAPLUSDT	339.75	0	get 0.0000% / 8h	2h 13m	$5.9M	$92.1M	100x
Short	QFEX AAPL-USD	339.67	0.0020	get 0.0002% / 1h	13m 50s	$3.3M	$4.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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

Position, each leg$Hold fordaysFee BybitbpFee QFEXbpOrdersPrice spread, now −0.024%Rate

Funding earned: $4.17
Price spread: −0.024% → −0.021%: −$0.24
Slippage, 4 orders: −$3.06
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$20.13
Costs to cover: 0.241%
Break-even: 40.8 days

Slippage from Bybit: live order book, 5 min ago; QFEX: live order book, 5 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 Bybit live order book, 5 min ago	0.15 bp	6.0 bp −$6	9.1 bp −$91	39.9 bp −$3,990	doesn't fit
Sell QFEX live order book, 5 min ago	1.18 bp	6.2 bp −$6	6.6 bp −$66	11.8 bp −$1,184	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	−0.0517%	4h	339.69	−0.016%	$81K	$328K	20x	as long as short
Hotstuff AAPL-PERP	−0.0128%	1h	339.77	+0.006%	$36K	—	20x	as long as short
Nado AAPL-PERP	−0.0116%	1h	339.68	−0.021%	$556K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.67	−0.022%	$121K	$293K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.64	−0.032%	$288K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.71	−0.012%	$22.1M	$67.6M	25x	as long as short
Bybit AAPLUSDTlong	0.0000%	8h	339.75	long leg	$5.9M	$92.1M	100x
OKX AAPL-USDT-SWAP	0.0000%	8h	339.74	−0.003%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.53	−0.065%	$3.0M	$4.8M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.82	+0.021%	$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	339.75	+0.001%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.61	−0.041%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.78	+0.009%	$734	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.71	−0.012%	$28K	$68K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.84	+0.026%	$62K	$244K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.80	+0.015%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USDshort	+0.0020%	1h	339.67	−0.024%	$3.3M	$4.4M	10x
BloFin AAPL-USDT	+0.0023%	8h	339.84	+0.026%	$341K	$168K	20x	as long as short
Lighter AAPL	+0.0032%	1h	339.68	−0.022%	$904K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.68	−0.021%	$945K	$3.7M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.60	−0.044%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.56	−0.056%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	339.55	−0.059%	$660K	$661K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.66	−0.026%	$40.6M	$76.6M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.58	−0.050%	$278K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.68	−0.021%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.53	−0.065%	$1.3M	$2.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0096%	8h	339.51	−0.071%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.58	−0.050%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.65	−0.029%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.67	−0.022%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.85	+0.029%	$5K	$11K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.51	−0.071%	$191K	$44K	30x	as long as short