Funding you earn now, next payment 05:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.017%
Price spread now: Bybit against Coinbase International+0.029%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$260.265% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.029%, 7d avg +0.052%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.023% cheaper against Coinbase International than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.052%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International AAPL-PERP-INTX | 339.60 | 0.0048 | pay 0.0006% / 1h | 19m 00s | $661K | $660K | 10x |
| Short | Bybit AAPLUSDT | 339.70 | 0 | get 0.0000% / 8h | 2h 19m | $5.8M | $91.5M | 100x |
Coinbase International AAPL-PERP-INTX
Bybit AAPLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.08
- Price spread: +0.029% → +0.052%
- −$2.28
- Slippage, 4 orders
- −$5.47
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$38.83
- Costs to cover
- 0.265%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 29 min ago; Bybit: 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, 29 min ago | 2.21 bp | 7.2 bp −$7 | 10.5 bp −$105 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.15 bp | 5.8 bp −$6 | 8.5 bp −$85 | 34.8 bp −$3,478 | 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 | −0.0996% | 4h | 339.76 | +0.047% | $81K | $327K | 20x | as long as short |
| Nado AAPL-PERP | −0.0121% | 1h | 339.54 | −0.019% | $555K | $38K | 20x | as long as short |
| Hotstuff AAPL-PERP | −0.0008% | 1h | 339.61 | +0.003% | $36K | — | 20x | as long as short |
| BloFin AAPL-USDT | −0.0006% | 8h | 339.65 | +0.015% | $339K | $168K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.57 | −0.009% | $121K | $292K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.55 | −0.016% | $288K | $1.8M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.64 | +0.012% | $22.1M | $67.6M | 25x | as long as short |
| Bybit AAPLUSDTshort | 0.0000% | 8h | 339.70 | +0.029% | $5.8M | $91.5M | 100x | |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.66 | +0.018% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.45 | −0.044% | $3.0M | $4.8M | 100x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Hotstuff AAPL-PERP
BloFin AAPL-USDT
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AAPLUSDT | 0.0000% | 8h | 339.74 | +0.041% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.81 | +0.060% | $2.4M | $1.3M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.85 | +0.074% | $16K | $411K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.66 | +0.018% | $822 | $4.6M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.45 | −0.044% | $28K | $68K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.70 | +0.029% | $62K | $244K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.79 | +0.056% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USD | +0.0020% | 1h | 339.66 | +0.018% | $3.2M | $4.4M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.48 | −0.036% | $881K | $2.6M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.47 | −0.038% | $937K | $3.7M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.60 | 0.000% | $267K | $60K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.54 | −0.018% | — | $45K | 25x | as long as short |
| Coinbase International AAPL-PERP-INTXlong | +0.0048% | 1h | 339.60 | long leg | $661K | $660K | 10x | |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.56 | −0.012% | $40.5M | $76.5M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.53 | −0.021% | $278K | $408K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.60 | 0.000% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.62 | +0.006% | $1.3M | $2.5M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0092% | 8h | 339.30 | −0.088% | $1.4M | $39K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.77 | +0.050% | $949K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.50 | −0.029% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.48 | −0.035% | $11K | $102 | 10x | as long as short |
| Phoenix AAPL | +0.0212% | 1h | 339.88 | +0.082% | $5K | $11K | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.58 | −0.006% | $191K | $44K | 30x | as long as short |
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
QFEX AAPL-USD
Lighter AAPL
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Phoenix AAPL
Injective AAPL/USDC PERP