Funding you earn now, next payment 01:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h −0.012%
Price spread now: Extended against Coinbase International+0.158%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$240.243% of the position
Funding, last 7 days−0.043%−$4 on $10k
+Price spread, last 3 days (all we have)−0.177%−$18 · spread now +0.158%, 7d avg +0.036%
=Together, before fees−0.220%+ Points / potential airdropExtended: Active · farm board−$22 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.123% dearer against Coinbase International than usual: you sell high and buy low (spread +0.158% now, against its 7-day average of +0.036%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.6 days. At the pace of the last 7 days (−0.043% in total) that is about 20 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International AAPL-PERP-INTX | 338.51 | 0.0136 | pay 0.0017% / 1h | 22m 35s | $655K | $665K | 10x |
| Short | Extended AAPL_24_5-USD | 339.05 | 0.0048 | get 0.0006% / 1h | 22m 35s | $288K | $2.0M | 10x |
Coinbase International AAPL-PERP-INTX
Extended AAPL_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$18.48
- Price spread: +0.158% → +0.036%
- $12.26
- Slippage, 4 orders
- −$9.35
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$30.56
- Costs to cover
- 0.243%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 46 min ago; Extended: live order book, 1 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, 46 min ago | 1.77 bp | 7.6 bp −$8 | 10.9 bp −$109 | doesn't fit | doesn't fit |
| Sell Extended live order book, 1 min ago | 0.15 bp | 3.8 bp −$4 | 19.9 bp −$199 | doesn't fit | doesn't fit |
AAPL on 32 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit AAPL_USDC-PERPETUAL | −0.0251% | 1h | 338.85 | +0.100% | $28K | $67K | 10x | as long as short |
| edgeX AAPLUSDC | −0.0155% | 4h | 339.01 | +0.147% | $81K | $325K | 20x | as long as short |
| Nado AAPL-PERP | −0.0066% | 1h | 339.08 | +0.168% | $555K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.08 | +0.169% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.22 | +0.210% | $6.0M | $39.3M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.17 | +0.195% | $6.3M | $6.7M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.94 | +0.127% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.19 | +0.201% | $6.2M | $3.5M | 100x | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.06 | +0.162% | $17K | $433K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.09 | +0.171% | $916 | $4.7M | 20x | as long as short |
Deribit AAPL_USDC-PERPETUAL
edgeX AAPLUSDC
Nado AAPL-PERP
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
GRVT AAPL_USDT_Perp
SunX AAPL-USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX AAPL-USDT | 0.0000% | 8h | 339.25 | +0.219% | $53K | $224K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.23 | +0.213% | $2.1M | $6K | 10x | as long as short |
| Variational Omni AAPL | +0.0018% | 8h | 339.02 | +0.152% | $2.4M | $1.4M | — | as long as short |
| QFEX AAPL-USD | +0.0028% | 1h | 339.05 | +0.160% | $3.2M | $4.9M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.01 | +0.147% | $742K | $2.3M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.05 | +0.160% | $952K | $3.5M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 338.97 | +0.136% | $270K | $70K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.95 | +0.130% | — | $45K | 25x | as long as short |
| Extended AAPL_24_5-USDshort | +0.0048% | 1h | 339.05 | +0.158% | $288K | $2.0M | 10x | |
| Binance AAPLUSDT | +0.0049% | 8h | 339.18 | +0.198% | $22.2M | $66.9M | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.83 | +0.095% | $262K | $395K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.05 | +0.160% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.81 | +0.089% | $1.4M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:AAPL | +0.0065% | 1h | 339.07 | +0.165% | $40.8M | $75.7M | 20x | as long as short |
| Hotstuff AAPL-PERP | +0.0072% | 1h | 339.05 | +0.160% | $36K | — | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.94 | +0.127% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.88 | +0.109% | $947K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.09 | +0.171% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.02 | +0.151% | $11K | — | 10x | as long as short |
| Coinbase International AAPL-PERP-INTXlong | +0.0136% | 1h | 338.51 | long leg | $655K | $665K | 10x | |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.78 | +0.080% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0236% | 1h | 339.04 | +0.157% | $5K | $11K | 20x | as long as short |
HTX AAPL-USDT
Phemex AAPLUSDT
Variational Omni AAPL
QFEX AAPL-USD
Lighter AAPL
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
Binance AAPLUSDT
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
tradeXYZ xyz:AAPL
Hotstuff AAPL-PERP
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Injective AAPL/USDC PERP
Phoenix AAPL