Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.015%

Price spread now: SunX against Coinbase International+0.044%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1141.141% of the position

Long on Coinbase International Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.044%, 7d avg +0.060%

Together, before fees−0.107%−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.060%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AAPL-PERP-INTX	338.78	0.0080	pay 0.0010% / 1h	40m 49s	$659K	$664K	10x
Short	SunX AAPL-USDT	338.93	0	get 0.0000% / 8h	4h 40m	$597	$4.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$16.8
Price spread: +0.044% → +0.060%: −$1.62
Slippage, 4 orders: −$96.07
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$132.49
Costs to cover: 1.141%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 17 min ago; SunX: live order book, 8 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, 17 min ago	2.21 bp	7.9 bp −$8	10.4 bp −$104	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	44.72 bp	49.2 bp −$49	doesn't fit	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	−0.0329%	4h	338.85	+0.021%	$81K	$325K	20x	as long as short
BloFin AAPL-USDT	−0.0023%	8h	338.93	+0.044%	$342K	$168K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0016%	1h	338.60	−0.053%	$28K	$67K	10x	as long as short
Nado AAPL-PERP	−0.0013%	1h	338.75	−0.008%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.83	+0.015%	$122K	$290K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.84	+0.019%	$286K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.93	+0.044%	$22.2M	$67.0M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.89	+0.032%	$5.9M	$39.8M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.92	+0.041%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.68	−0.030%	$3.0M	$4.2M	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	339.00	+0.065%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	338.94	+0.046%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.85	+0.020%	$17K	$425K	10x	as long as short
SunX AAPL-USDTshort	0.0000%	8h	338.93	+0.044%	$597	$4.6M	20x
HTX AAPL-USDT	0.0000%	8h	339.06	+0.083%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.93	+0.044%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0031%	1h	338.87	+0.027%	$3.2M	$4.8M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.78	0.000%	$780K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.83	+0.015%	$947K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.72	−0.018%	$269K	$67K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.67	−0.032%	—	$45K	25x	as long as short
Hotstuff AAPL-PERP	+0.0048%	1h	338.81	+0.009%	$36K	—	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.64	−0.041%	$253K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.81	+0.009%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.61	−0.050%	$1.3M	$2.5M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0061%	1h	338.79	+0.003%	$40.5M	$75.9M	20x	as long as short
Coinbase International AAPL-PERP-INTXlong	+0.0080%	1h	338.78	long leg	$659K	$664K	10x
KuCoin AAPLUSDTM	+0.0100%	8h	338.79	+0.003%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.70	−0.024%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.79	+0.003%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.81	+0.008%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.64	−0.041%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	338.97	+0.056%	$5K	$11K	20x	as long as short