Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h −0.010%

Price spread now: GRVT against Coinbase International+0.008%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on Coinbase International Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 3 days (all we have)+0.086%+$9 · spread now +0.008%, 7d avg +0.072%

Together, before fees+0.049%+ Points / potential airdropGRVT: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and GRVT is 0.064% cheaper against Coinbase International than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.072%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AAPL-PERP-INTX	338.96	0.0144	pay 0.0018% / 1h	23m 31s	$658K	$671K	10x
Short	GRVT AAPL_USDT_Perp	338.99	0	get 0.0000% / 8h	2h 23m	$14K	$522K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$30.24
Price spread: +0.008% → +0.072%: −$6.44
Slippage, 4 orders: −$6.93
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$62.61
Costs to cover: 0.259%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 64 min ago; GRVT: live order book, 64 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, 64 min ago	1.48 bp	6.5 bp −$6	10.9 bp −$109	doesn't fit	doesn't fit
Sell GRVT live order book, 64 min ago	1.48 bp	7.0 bp −$7	10.7 bp −$107	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	−0.0552%	4h	339.00	+0.012%	$81K	$325K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.76	−0.060%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.85	−0.034%	$284K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.89	−0.021%	$22.1M	$66.8M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.94	−0.006%	$6.3M	$24.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.86	−0.030%	$6.6M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.71	−0.074%	$3.0M	$4.1M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.94	−0.006%	$6.2M	$3.3M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.01	+0.016%	$2.2M	$1.1M	—	as long as short
GRVT AAPL_USDT_Perpshort	0.0000%	8h	338.99	+0.008%	$14K	$522K	10x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AAPL-USDT	0.0000%	8h	338.89	−0.021%	$752	$4.8M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.85	−0.032%	$28K	$65K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	338.98	+0.006%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.01	+0.015%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0022%	8h	339.00	+0.012%	$354K	$165K	20x	as long as short
Lighter AAPL	+0.0032%	1h	338.85	−0.034%	$761K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.88	−0.024%	$980K	$3.8M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.71	−0.074%	—	$43K	25x	as long as short
QFEX AAPL-USD	+0.0049%	1h	338.85	−0.032%	$3.2M	$4.9M	10x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.62	−0.100%	$271K	$384K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.86	−0.030%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.68	−0.083%	$1.3M	$2.2M	20x	as long as short
Nado AAPL-PERP	+0.0074%	1h	338.76	−0.060%	$556K	$34K	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.74	−0.065%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.72	−0.071%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.84	−0.035%	$4K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0104%	1h	338.85	−0.032%	$36K	—	20x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.84	−0.036%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTXlong	+0.0144%	1h	338.96	long leg	$658K	$671K	10x
tradeXYZ xyz:AAPL	+0.0202%	1h	338.86	−0.030%	$40.7M	$76.7M	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.41	+0.133%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	339.10	+0.041%	$2K	$12K	20x	as long as short
Arcus AAPL-USD	+0.0310%	1h	338.86	−0.030%	$269K	$69K	20x	as long as short