Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0623%/8h= +68.2% APRpaid last 24h +0.141%

Price spread now: Aster against edgeX−0.068%60s7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$520.522% of the position

Long on edgeX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.293%+$29 on $10k

Price spread, last 3 days (all we have)+0.012%+$1 · spread now −0.068%, 7d avg +0.017%

Together, before fees+0.305%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.085% cheaper against edgeX than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of +0.017%). If the spread goes back, that is −$8 on $10k: about 11 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.293% in total) that is about 2.0 days. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.293% in total (about 15.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAPLUSDC	339.01	−0.0623	get 0.0311% / 4h	2h 32m	$81K	$326K	20x
Short	Aster AAPLUSDT	338.78	0	get 0.0000% / 8h	2h 32m	$122K	$291K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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 edgeXbpFee AsterbpOrdersPrice spread, now −0.068%Rate

Funding earned: $130.78
Price spread: −0.068% → +0.017%: −$8.48
Slippage, 4 orders: −$35.23
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: $70.06
Costs to cover: 0.522%
Break-even: 3.2 days

Slippage from edgeX: live order book, 55 min ago; Aster: live order book, 54 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 edgeX live order book, 55 min ago	5.31 bp	10.3 bp −$10	16.9 bp −$169	doesn't fit	doesn't fit
Sell Aster live order book, 54 min ago	2.21 bp	13.3 bp −$13	196.0 bp −$1,960	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 AAPLUSDClong	−0.0623%	4h	339.01	long leg	$81K	$326K	20x
Aster AAPLUSDTshort	0.0000%	8h	338.78	−0.068%	$122K	$291K	20x
Extended AAPL_24_5-USD	0.0000%	1h	338.96	−0.014%	$284K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.01	+0.001%	$22.1M	$66.7M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.05	+0.012%	$6.3M	$24.8M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.96	−0.014%	$6.6M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.82	−0.055%	$3.0M	$4.1M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.99	−0.005%	$6.2M	$3.3M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.02	+0.005%	$2.2M	$1.1M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.99	−0.004%	$14K	$522K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AAPL-USDT	0.0000%	8h	339.00	−0.002%	$529	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.05	+0.012%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.01	+0.001%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0007%	8h	339.03	+0.007%	$354K	$165K	20x	as long as short
Lighter AAPL	+0.0032%	1h	338.95	−0.018%	$756K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.98	−0.008%	$978K	$3.8M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.75	−0.076%	—	$43K	25x	as long as short
QFEX AAPL-USD	+0.0049%	1h	338.96	−0.014%	$3.2M	$4.9M	10x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.68	−0.097%	$261K	$366K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.98	−0.008%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.84	−0.049%	$1.3M	$2.2M	20x	as long as short
Nado AAPL-PERP	+0.0073%	1h	338.77	−0.069%	$556K	$34K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0075%	1h	338.95	−0.017%	$28K	$65K	10x	as long as short
KuCoin AAPLUSDTM	+0.0091%	8h	338.80	−0.061%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.70	−0.091%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.93	−0.023%	$4K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0104%	1h	338.97	−0.011%	$36K	—	20x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.96	−0.014%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0144%	1h	338.94	−0.020%	$660K	$665K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0202%	1h	338.98	−0.008%	$40.7M	$76.7M	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.41	+0.119%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	339.05	+0.012%	$2K	$12K	20x	as long as short
Arcus AAPL-USD	+0.0310%	1h	338.94	−0.020%	$270K	$69K	20x	as long as short