Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0087%/8h= −9.5% APRpaid last 24h +0.006%

Price spread now: BloFin against Coinbase International+0.056%58s7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as 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−$290.293% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.035%−$3 · spread now +0.056%, 7d avg +0.068%

Together, before fees+0.024%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.068%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.058%, so the current rate has only just turned against you. The two prices were read 58 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	Coinbase International AAPL-PERP-INTX	339.55	0.0064	pay 0.0008% / 1h	38m 08s	$660K	$661K	10x
Short	BloFin AAPL-USDT	339.74	−0.0023	pay 0.0023% / 8h	38m 08s	$342K	$167K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$18.2
Price spread: +0.056% → +0.068%: −$1.24
Slippage, 4 orders: −$7.32
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$48.76
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 65 min ago; BloFin: live order book, 42 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, 65 min ago	2.21 bp	7.9 bp −$8	10.3 bp −$103	doesn't fit	doesn't fit
Sell BloFin live order book, 42 min ago	0.29 bp	7.1 bp −$7	8.3 bp −$83	18.9 bp −$1,886	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	−0.0613%	4h	339.71	+0.047%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0156%	1h	339.78	+0.068%	$556K	$37K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0133%	1h	339.63	+0.024%	$28K	$69K	10x	as long as short
BloFin AAPL-USDTshort	−0.0023%	8h	339.74	+0.056%	$342K	$167K	20x
Aster AAPLUSDT	0.0000%	8h	339.69	+0.040%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.66	+0.032%	$289K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.74	+0.056%	$22.1M	$67.5M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.63	+0.024%	$7.4M	$137.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.68	+0.038%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.52	−0.009%	$3.0M	$5.3M	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	339.74	+0.056%	$6.2M	$3.6M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.77	+0.066%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.72	+0.051%	$13K	$410K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.74	+0.056%	$608	$4.5M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.79	+0.071%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.79	+0.071%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0027%	1h	339.67	+0.035%	$3.2M	$4.2M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.69	+0.041%	$941K	$2.7M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.68	+0.038%	$950K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.60	+0.015%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.66	+0.032%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.70	+0.044%	$40.6M	$76.1M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.64	+0.027%	$279K	$424K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.71	+0.047%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.59	+0.012%	$1.3M	$2.4M	20x	as long as short
Coinbase International AAPL-PERP-INTXlong	+0.0064%	1h	339.55	long leg	$660K	$661K	10x
Hotstuff AAPL-PERP	+0.0072%	1h	339.70	+0.044%	$36K	—	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.49	−0.018%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.69	+0.041%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.62	+0.021%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.67	+0.034%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.63	+0.024%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	339.83	+0.082%	$5K	$12K	20x	as long as short