Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.008%

Price spread now: Bitget against Coinbase International+0.100%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.100%, 7d avg +0.060%

Together, before fees−0.165%−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.041% dearer against Coinbase International than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of +0.060%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 7 days (−0.043% in total) that is about 6.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AAPL-PERP-INTX	339.56	0.0048	pay 0.0006% / 1h	23m 37s	$663K	$655K	10x
Short	Bitget AAPLUSDT	339.90	0	get 0.0000% / 8h	2h 23m	$6.2M	$3.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.100%Rate

Funding earned: −$10.08
Price spread: +0.100% → +0.060%: $4.06
Slippage, 4 orders: −$10.22
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$38.24
Costs to cover: 0.322%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 25 min ago; Bitget: 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 Coinbase International live order book, 25 min ago	2.21 bp	7.2 bp −$7	10.5 bp −$105	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	0.15 bp	8.9 bp −$9	14.4 bp −$144	64.4 bp −$6,444	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	−0.0812%	4h	339.76	+0.059%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0115%	1h	339.87	+0.091%	$556K	$38K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0074%	1h	339.71	+0.044%	$28K	$68K	10x	as long as short
BloFin AAPL-USDT	−0.0018%	8h	339.84	+0.082%	$340K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.79	+0.069%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.77	+0.062%	$285K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.87	+0.093%	$22.1M	$67.6M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.89	+0.097%	$5.9M	$89.5M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.91	+0.103%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.66	+0.029%	$3.0M	$4.8M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDTshort	0.0000%	8h	339.90	+0.100%	$6.2M	$3.5M	100x
Variational Omni AAPL	0.0000%	8h	339.83	+0.081%	$2.4M	$1.3M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.63	+0.021%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.86	+0.088%	$435	$4.6M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.98	+0.124%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.86	+0.088%	$2.1M	$7K	10x	as long as short
Hotstuff AAPL-PERP	+0.0016%	1h	339.79	+0.068%	$36K	—	20x	as long as short
QFEX AAPL-USD	+0.0020%	1h	339.76	+0.059%	$3.2M	$4.4M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.77	+0.062%	$865K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.76	+0.059%	$941K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.62	+0.018%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.75	+0.056%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTXlong	+0.0048%	1h	339.56	long leg	$663K	$655K	10x
tradeXYZ xyz:AAPL	+0.0050%	1h	339.79	+0.068%	$40.5M	$76.5M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.68	+0.035%	$278K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.81	+0.074%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.62	+0.018%	$1.3M	$2.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0099%	8h	339.42	−0.041%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.78	+0.065%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.74	+0.053%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.77	+0.061%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.89	+0.097%	$5K	$11K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.68	+0.035%	$191K	$44K	30x	as long as short