Settings8H · net · $10k
Funding arb · Price arb /

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0763%/8h= +83.5% APRpaid last 24h +0.227%
Price spread now: Binance against edgeX+0.047%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs+$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$320.316% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.463%+$46 on $10k
Price spread, last 4 days (all we have)−0.199%−$20 · spread now +0.047%, 7d avg +0.006%
Together, before fees+0.264%+ Points / potential airdropedgeX: Active · farm board+$26 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Binance is 0.040% dearer against edgeX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.006%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.463% in total (about 24.1% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX AAPLUSDC338.69−0.0763get 0.0381% / 4h47m 00s$81K$327K20x
ShortBinance AAPLUSDT338.850get 0.0000% / 8h4h 47m$22.2M$67.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
$160.17
Price spread: +0.047% → +0.006%
$4.05
Slippage, 4 orders
−$12.59
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Binance: 5 bp × 2 orders
−$10
Net
$132.62
Costs to cover
0.316%
Break-even
1.2 days
Slippage from edgeX: live order book, 11 min ago; Binance: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 11 min ago5.17 bp10.1 bp −$1017.4 bp −$174doesn't fitdoesn't fit
Sell Binance live order book, 10 min ago0.15 bp5.4 bp −$57.3 bp −$7324.5 bp −$2,454doesn't fit

AAPL on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX AAPLUSDClong−0.0763%4h338.69long leg$81K$327K20x
BloFin AAPL-USDT−0.0003%8h338.83+0.041%$342K$168K20xas long as short
Nado AAPL-PERP−0.0001%1h338.57−0.036%$554K$38K20xas long as short
Aster AAPLUSDT0.0000%8h338.74+0.014%$122K$290K20xas long as short
Extended AAPL_24_5-USD0.0000%1h338.70+0.003%$286K$2.0M10xas long as short
Binance AAPLUSDTshort0.0000%8h338.85+0.047%$22.2M$67.0M25x
Bybit AAPLUSDT0.0000%8h338.84+0.044%$5.9M$39.4M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h338.87+0.053%$6.3M$6.8M25xas long as short
Gate AAPL_USDT0.0000%8h338.58−0.033%$3.0M$4.2M100xas long as short
Bitget AAPLUSDT0.0000%8h338.88+0.056%$6.2M$3.5M100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni AAPL0.0000%8h338.82+0.039%$2.4M$1.4Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h338.77+0.023%$17K$425K10xas long as short
SunX AAPL-USDT0.0000%8h338.79+0.029%$695$4.6M20xas long as short
Deribit AAPL_USDC-PERPETUAL0.0000%1h338.52−0.051%$28K$67K10xas long as short
HTX AAPL-USDT0.0000%8h338.89+0.059%$53K$224K30xas long as short
Phemex AAPLUSDT0.0000%4h338.80+0.032%$2.1M$7K10xas long as short
QFEX AAPL-USD+0.0031%1h338.73+0.011%$3.2M$4.8M10xas long as short
Lighter AAPL+0.0032%1h338.61−0.023%$779K$2.4M20xas long as short
Lighter RH AAPL+0.0032%1h338.66−0.009%$948K$3.6M20xas long as short
Arcus AAPL-USD+0.0040%1h338.72+0.008%$269K$69K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h338.53−0.048%$45K25xas long as short
Hotstuff AAPL-PERP+0.0048%1h338.65−0.012%$36K20xas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.52−0.051%$253K$395K10xas long as short
SoDEX AAPL-USD+0.0050%1h338.68−0.003%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.59−0.030%$1.3M$2.5M20xas long as short
tradeXYZ xyz:AAPL+0.0062%1h338.70+0.002%$40.5M$75.9M20xas long as short
Coinbase International AAPL-PERP-INTX+0.0080%1h338.78+0.026%$659K$664K10xas long as short
KuCoin AAPLUSDTM+0.0100%8h338.62−0.021%$1.4M$27K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h338.58−0.033%$946K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h338.63−0.018%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h338.65−0.011%$10K10xas long as short
Injective AAPL/USDC PERP+0.0220%1h338.52−0.051%$191K$44K30xas long as short
Phoenix AAPL+0.0283%1h338.82+0.038%$5K$11K20xas long as short