Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0184%/8h= −20.1% APRpaid last 24h −0.011%

Price spread now: Gate against Coinbase International−0.009%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$460.457% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 3 days (all we have)−0.049%−$5 · spread now −0.009%, 7d avg +0.009%

Together, before fees−0.102%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.053% in total (about -2.7% 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	338.93	0.0184	pay 0.0023% / 1h	36m 50s	$659K	$675K	10x
Short	Gate AAPL_USDT	338.90	0	get 0.0000% / 8h	1h 36m	$3.0M	$4.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.009%Rate

Funding earned: −$38.64
Price spread: −0.009% → +0.009%: −$1.81
Slippage, 4 orders: −$20.75
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$86.19
Costs to cover: 0.457%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 46 min ago; Gate: 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	2.21 bp	9.8 bp −$10	13.1 bp −$131	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	0.74 bp	12.1 bp −$12	22.2 bp −$222	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	−0.0004%	4h	339.11	+0.053%	$81K	$325K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.13	+0.058%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.10	+0.051%	$284K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.12	+0.056%	$22.4M	$67.4M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.18	+0.074%	$6.1M	$39.6M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.07	+0.041%	$6.6M	$6.9M	25x	as long as short
Gate AAPL_USDTshort	0.0000%	8h	338.90	−0.009%	$3.0M	$4.2M	100x
Bitget AAPLUSDT	0.0000%	8h	339.13	+0.059%	$6.2M	$3.4M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.15	+0.066%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.12	+0.057%	$14K	$498K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AAPL-USDT	0.0000%	8h	339.14	+0.062%	$529	$4.8M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.87	−0.018%	$28K	$65K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.28	+0.103%	$53K	$222K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.15	+0.065%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	0.0000%	8h	339.15	+0.065%	$351K	$168K	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.05	+0.035%	$968K	$3.8M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.83	−0.030%	—	$53K	25x	as long as short
Lighter AAPL	+0.0048%	1h	339.03	+0.030%	$769K	$2.5M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.92	−0.003%	$265K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.02	+0.027%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.74	−0.056%	$1.5M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	339.05	+0.035%	$3.2M	$5.1M	10x	as long as short
Hotstuff AAPL-PERP	+0.0072%	1h	339.03	+0.030%	$36K	—	20x	as long as short
Nado AAPL-PERP	+0.0083%	1h	338.89	−0.013%	$556K	$34K	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.84	−0.027%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.79	−0.041%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.00	+0.021%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.06	+0.037%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTXlong	+0.0184%	1h	338.93	long leg	$659K	$675K	10x
tradeXYZ xyz:AAPL	+0.0184%	1h	339.01	+0.024%	$40.9M	$76.8M	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.55	+0.183%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0354%	1h	339.15	+0.065%	$2K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0364%	1h	339.03	+0.030%	$270K	$70K	20x	as long as short