Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h −0.005%

Price spread now: Bitget against Deribit+0.041%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Bitget is 0.041% dearer against Deribit than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 8.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AAPL_USDC-PERPETUAL	338.88	0.0016	pay 0.0002% / 1h	26m 45s	$28K	$67K	10x
Short	Bitget AAPLUSDT	339.02	0	get 0.0000% / 8h	6h 26m	$6.2M	$3.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Deribit. 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 DeribitbpFee BitgetbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$3.29
Price spread: +0.041% → 0.000%: $4.13
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$18.16
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Bitget: live order book, 1 min ago. Net counts fees only.

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 Deribit no order-book sample	—	—	—	—	—
Sell Bitget live order book, 1 min ago	0.15 bp	9.7 bp −$10	14.6 bp −$146	40.1 bp −$4,013	doesn't fit

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AAPL on 32 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	−0.0622%	4h	338.99	+0.033%	$81K	$325K	20x	as long as short
Nado AAPL-PERP	−0.0064%	1h	338.85	−0.009%	$555K	$38K	20x	as long as short
Hotstuff AAPL-PERP	−0.0016%	1h	338.97	+0.027%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.99	+0.032%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.08	+0.059%	$6.0M	$39.0M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.09	+0.062%	$6.3M	$6.7M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.83	−0.015%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDTshort	0.0000%	8h	339.02	+0.041%	$6.2M	$3.5M	100x
GRVT AAPL_USDT_Perp	0.0000%	8h	339.02	+0.041%	$17K	$433K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.05	+0.050%	$753	$4.7M	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AAPL-USDT	0.0000%	8h	339.18	+0.089%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.11	+0.068%	$2.1M	$6K	10x	as long as short
Deribit AAPL_USDC-PERPETUALlong	+0.0016%	1h	338.88	long leg	$28K	$67K	10x
Variational Omni AAPL	+0.0022%	8h	339.06	+0.055%	$2.4M	$1.4M	—	as long as short
QFEX AAPL-USD	+0.0028%	1h	338.98	+0.030%	$3.2M	$4.9M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.88	−0.001%	$742K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.92	+0.012%	$951K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.95	+0.021%	$270K	$70K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.81	−0.021%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.75	−0.038%	$262K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.94	+0.018%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.75	−0.038%	$1.4M	$2.5M	20x	as long as short
Binance AAPLUSDT	+0.0052%	8h	339.03	+0.044%	$22.2M	$66.8M	25x	as long as short
Extended AAPL_24_5-USD	+0.0056%	1h	338.95	+0.021%	$288K	$2.0M	10x	as long as short
tradeXYZ xyz:AAPL	+0.0071%	1h	338.98	+0.030%	$40.8M	$75.8M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.78	−0.030%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.80	−0.024%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.87	−0.003%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.90	+0.007%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0136%	1h	338.51	−0.109%	$655K	$665K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.82	−0.018%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.10	+0.065%	$5K	$11K	20x	as long as short