Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0192%/8h= −21.0% APRpaid last 24h −0.013%

Price spread now: Aster against Coinbase International−0.012%7-day average +0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$580.585% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 3 days (all we have)+0.005%$0 · spread now −0.012%, 7d avg +0.068%

Together, before fees−0.037%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Aster is 0.080% cheaper against Coinbase International than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.068%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.041% in total (about -2.2% 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	Coinbase International AAPL-PERP-INTX	339.03	0.0192	pay 0.0024% / 1h	2m 58s	$660K	$676K	10x
Short	Aster AAPLUSDT	338.99	0	get 0.0000% / 8h	2m 58s	$122K	$291K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$40.32
Price spread: −0.012% → +0.068%: −$8
Slippage, 4 orders: −$40.48
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$106.8
Costs to cover: 0.585%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 10 min ago; Aster: live order book, 9 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 Coinbase International live order book, 10 min ago	0.15 bp	6.5 bp −$6	10.9 bp −$109	doesn't fit	doesn't fit
Sell Aster live order book, 9 min ago	3.24 bp	19.1 bp −$19	78.9 bp −$789	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	−0.0925%	4h	339.03	−0.001%	$81K	$326K	20x	as long as short
Aster AAPLUSDTshort	0.0000%	8h	338.99	−0.012%	$122K	$291K	20x
Bybit AAPLUSDT	0.0000%	8h	339.07	+0.012%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.03	0.000%	$6.5M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.83	−0.059%	$3.0M	$4.2M	100x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.03	0.000%	$471	$4.8M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.77	−0.077%	$28K	$66K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.13	+0.029%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.03	0.000%	$2.1M	$6K	10x	as long as short
GRVT AAPL_USDT_Perp	+0.0025%	8h	339.05	+0.006%	$13K	$490K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH AAPL	+0.0032%	1h	338.94	−0.027%	$965K	$3.8M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.74	−0.086%	—	$53K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.87	−0.047%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.94	−0.027%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.70	−0.097%	$1.4M	$2.4M	20x	as long as short
Lighter AAPL	+0.0056%	1h	338.91	−0.035%	$772K	$2.5M	20x	as long as short
QFEX AAPL-USD	+0.0064%	1h	339.00	−0.009%	$3.2M	$5.1M	10x	as long as short
Bitget AAPLUSDT	+0.0089%	8h	339.04	+0.003%	$6.2M	$3.5M	100x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.82	−0.062%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.80	−0.068%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.87	−0.047%	$4K	—	10x	as long as short
Nado AAPL-PERP	+0.0101%	1h	338.81	−0.064%	$556K	$36K	20x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.99	−0.012%	$11K	—	10x	as long as short
Variational Omni AAPL	+0.0105%	8h	339.04	+0.001%	$2.4M	$1.4M	—	as long as short
Binance AAPLUSDT	+0.0127%	8h	339.03	0.000%	$22.4M	$67.0M	25x	as long as short
Extended AAPL_24_5-USD	+0.0128%	1h	338.97	−0.019%	$285K	$1.5M	10x	as long as short
Hotstuff AAPL-PERP	+0.0136%	1h	338.95	−0.024%	$36K	—	20x	as long as short
BloFin AAPL-USDT	+0.0155%	8h	339.02	−0.003%	$347K	$170K	20x	as long as short
tradeXYZ xyz:AAPL	+0.0175%	1h	338.93	−0.029%	$40.8M	$76.1M	20x	as long as short
Coinbase International AAPL-PERP-INTXlong	+0.0192%	1h	339.03	long leg	$660K	$676K	10x
Injective AAPL/USDC PERP	+0.0220%	1h	338.80	−0.068%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	339.03	0.000%	$5K	$8K	20x	as long as short
Arcus AAPL-USD	+0.0397%	1h	338.87	−0.047%	$269K	$70K	20x	as long as short