Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0245%/8h= +26.9% APRpaid last 24h +0.225%

Price spread now: Coinbase International against edgeX+0.016%77s7-day average −0.048% · you sell dearer than you buy

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−$370.370% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.601%+$60 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.016%, 7d avg −0.048%

Together, before fees+0.578%+ Points / potential airdropedgeX: Active · farm board+$58 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.064% dearer against edgeX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.048%. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAPLUSDC	339.87	−0.0221	get 0.0111% / 4h	3h 52m	$81K	$326K	20x
Short	Coinbase International AAPL-PERP-INTX	339.92	0.0024	get 0.0003% / 1h	52m 09s	$663K	$658K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.016%Rate

Funding earned: $51.55
Price spread: +0.016% → −0.048%: $6.44
Slippage, 4 orders: −$17.98
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $21.01
Costs to cover: 0.370%
Break-even: 4.1 days

Slippage from edgeX: live order book, 46 min ago; Coinbase International: live order book, 46 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, 46 min ago	3.97 bp	9.1 bp −$9	15.9 bp −$159	doesn't fit	doesn't fit
Sell Coinbase International live order book, 46 min ago	2.50 bp	8.4 bp −$8	10.9 bp −$109	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	−0.0221%	4h	339.87	long leg	$81K	$326K	20x
Nado AAPL-PERP	−0.0016%	1h	339.93	+0.018%	$557K	$36K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.93	+0.021%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.98	+0.035%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	340.07	+0.060%	$22.2M	$67.3M	25x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	340.07	+0.060%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.90	+0.010%	$3.0M	$5.6M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	340.09	+0.066%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.93	+0.018%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.82	−0.013%	$13K	$349K	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	340.06	+0.057%	$796	$4.4M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.88	+0.004%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	340.09	+0.066%	$62K	$244K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	340.08	+0.063%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0010%	1h	339.98	+0.034%	$3.2M	$4.2M	10x	as long as short
BloFin AAPL-USDT	+0.0019%	8h	340.00	+0.040%	$345K	$167K	20x	as long as short
Bybit AAPLUSDT	+0.0021%	8h	340.20	+0.099%	$7.7M	$177.1M	100x	as long as short
Coinbase International AAPL-PERP-INTXshort	+0.0024%	1h	339.92	+0.016%	$663K	$658K	10x
Lighter AAPL	+0.0032%	1h	340.02	+0.046%	$932K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.99	+0.037%	$955K	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.98	+0.034%	$267K	$59K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.79	−0.022%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.82	−0.013%	$279K	$400K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	340.02	+0.046%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.82	−0.013%	$1.3M	$2.4M	20x	as long as short
Hotstuff AAPL-PERP	+0.0064%	1h	339.90	+0.010%	$36K	—	20x	as long as short
tradeXYZ xyz:AAPL	+0.0073%	1h	340.00	+0.040%	$40.5M	$76.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.90	+0.010%	$1.4M	$60K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.84	−0.007%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.95	+0.025%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.96	+0.027%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.94	+0.022%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.70	+0.246%	$192K	$44K	30x	as long as short