Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.023%

Price spread now: OKX against Coinbase International+0.006%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

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

costs, in and out, $10k−$290.295% of the position

Long on Coinbase International Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.006%, 7d avg +0.029%

Together, before fees−0.112%−$11 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 OKX 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 +0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AAPL-PERP-INTX	339.38	0.0128	pay 0.0016% / 1h	49m 36s	$659K	$629K	10x
Short	OKX AAPL-USDT-SWAP	339.40	0	get 0.0000% / 8h	4h 49m	$6.3M	$6.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$26.88
Price spread: +0.006% → +0.029%: −$2.29
Slippage, 4 orders: −$9.45
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$58.62
Costs to cover: 0.295%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 57 min ago; OKX: 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, 57 min ago	2.50 bp	7.7 bp −$8	10.4 bp −$104	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.15 bp	7.9 bp −$8	13.1 bp −$131	doesn't fit	doesn't fit

AAPL on 33 exchanges

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	−0.0068%	4h	339.36	−0.006%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0002%	1h	339.36	−0.005%	$555K	$28K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.32	−0.018%	$120K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.26	−0.034%	$286K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.38	0.000%	$22.1M	$67.2M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.30	−0.024%	$6.6M	$285.3M	100x	as long as short
OKX AAPL-USDT-SWAPshort	0.0000%	8h	339.40	+0.006%	$6.3M	$6.7M	25x
Gate AAPL_USDT	0.0000%	8h	339.16	−0.065%	$3.0M	$7.3M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.44	+0.018%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.43	+0.013%	$2.5M	$1.3M	—	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	339.48	+0.029%	$12K	$339K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.41	+0.009%	$658	$4.1M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.49	+0.032%	$62K	$241K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.42	+0.012%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0022%	8h	339.47	+0.027%	$352K	$165K	20x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.30	−0.024%	$3.3M	$4.2M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.32	−0.018%	$924K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.32	−0.018%	$1.0M	$3.0M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.16	−0.065%	$266K	$48K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0045%	1h	339.30	−0.024%	$28K	$69K	10x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.28	−0.029%	—	$45K	25x	as long as short
Hotstuff AAPL-PERP	+0.0048%	1h	339.35	−0.009%	$36K	—	20x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.28	−0.029%	$40.5M	$76.7M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.36	−0.006%	$279K	$347K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.29	−0.027%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.30	−0.024%	$1.3M	$2.2M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.28	−0.029%	$1.4M	$210K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.26	−0.035%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.24	−0.041%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.23	−0.044%	$11K	$102	10x	as long as short
Coinbase International AAPL-PERP-INTXlong	+0.0128%	1h	339.38	long leg	$659K	$629K	10x
Injective AAPL/USDC PERP	+0.0220%	1h	339.66	+0.083%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	339.46	+0.024%	$5K	$12K	20x	as long as short