Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.019%

Price spread now: HTX against Coinbase International+0.112%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$340.341% of the position

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 4 days (all we have)−0.141%−$14 · spread now +0.112%, 7d avg +0.082%

Together, before fees−0.194%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.030% dearer against Coinbase International than usual: you sell high and buy low (spread +0.112% now, against its 7-day average of +0.082%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 37 hours. At the pace of the last 7 days (−0.054% in total) that is about 3.9 days.

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	18m 11s	$660K	$661K	10x
Short	HTX AAPL-USDT	339.93	0	get 0.0000% / 8h	18m 11s	$62K	$245K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.112%Rate

Funding earned: −$13.44
Price spread: +0.112% → +0.082%: $2.98
Slippage, 4 orders: −$12.14
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$44.6
Costs to cover: 0.341%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 20 min ago; HTX: live order book, 18 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, 20 min ago	2.50 bp	8.2 bp −$8	10.4 bp −$104	doesn't fit	doesn't fit
Sell HTX live order book, 18 min ago	1.32 bp	7.3 bp −$7	13.5 bp −$135	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	−0.0422%	4h	339.75	+0.060%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0152%	1h	339.78	+0.066%	$556K	$37K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0015%	1h	339.67	+0.035%	$28K	$69K	10x	as long as short
BloFin AAPL-USDT	−0.0005%	8h	339.83	+0.082%	$345K	$167K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.77	+0.064%	$121K	$293K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.76	+0.062%	$289K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.85	+0.087%	$22.1M	$67.4M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.80	+0.074%	$6.1M	$155.1M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.80	+0.074%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.65	+0.029%	$3.0M	$5.5M	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	339.91	+0.106%	$6.2M	$3.6M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.81	+0.078%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.85	+0.087%	$13K	$357K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.85	+0.088%	$720	$4.5M	20x	as long as short
HTX AAPL-USDTshort	0.0000%	8h	339.93	+0.112%	$62K	$245K	30x
Phemex AAPLUSDT	0.0000%	4h	339.87	+0.094%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0027%	1h	339.71	+0.047%	$3.2M	$4.2M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.76	+0.063%	$942K	$2.7M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.74	+0.056%	$949K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.68	+0.038%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.71	+0.047%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.78	+0.068%	$40.6M	$76.2M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.72	+0.050%	$279K	$424K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.77	+0.065%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.64	+0.027%	$1.3M	$2.3M	20x	as long as short
Hotstuff AAPL-PERP	+0.0064%	1h	339.74	+0.056%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTXlong	+0.0064%	1h	339.55	long leg	$660K	$661K	10x
KuCoin AAPLUSDTM	+0.0100%	8h	339.53	−0.006%	$1.4M	$47K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.72	+0.050%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.74	+0.056%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.72	+0.050%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.62	+0.021%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	339.82	+0.080%	$5K	$12K	20x	as long as short