Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0105%/8h= −11.5% APRpaid last 24h −0.001%

Price spread now: GRVT against Extended+0.031%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$200.199% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.042%+$4 · spread now +0.031%, 7d avg +0.029%

Together, before fees+0.042%+ Points / potential airdropExtended: Active · GRVT: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAPL_24_5-USD	338.93	0.0128	pay 0.0016% / 1h	59m 22s	$285K	$1.5M	10x
Short	GRVT AAPL_USDT_Perp	339.04	0.0023	get 0.0023% / 8h	7h 59m	$13K	$490K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Extended. 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 ExtendedbpFee GRVTbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$22.05
Price spread: +0.031% → +0.029%: $0.21
Slippage, 4 orders: −$5.87
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$41.71
Costs to cover: 0.199%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; GRVT: live order book, 13 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 Extended live order book, 4 min ago	0.15 bp	3.8 bp −$4	23.4 bp −$234	doesn't fit	doesn't fit
Sell GRVT live order book, 13 min ago	1.33 bp	5.9 bp −$6	11.1 bp −$111	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	−0.0725%	4h	338.96	+0.008%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0026%	1h	339.00	+0.018%	$557K	$36K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.99	+0.017%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.07	+0.040%	$6.0M	$39.1M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.02	+0.025%	$6.5M	$6.7M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.80	−0.040%	$3.0M	$4.2M	100x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.99	+0.017%	$485	$4.8M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.99	+0.017%	$28K	$66K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.21	+0.081%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.11	+0.052%	$2.1M	$6K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perpshort	+0.0023%	8h	339.04	+0.031%	$13K	$490K	10x
Lighter RH AAPL	+0.0032%	1h	338.89	−0.013%	$957K	$3.6M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.69	−0.072%	—	$53K	25x	as long as short
Lighter AAPL	+0.0048%	1h	338.85	−0.024%	$771K	$2.3M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.87	−0.019%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.95	+0.005%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.60	−0.099%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0064%	1h	339.00	+0.020%	$3.2M	$5.1M	10x	as long as short
tradeXYZ xyz:AAPL	+0.0068%	1h	338.94	+0.002%	$40.8M	$76.2M	20x	as long as short
Hotstuff AAPL-PERP	+0.0080%	1h	338.98	+0.014%	$36K	—	20x	as long as short
Bitget AAPLUSDT	+0.0090%	8h	338.92	−0.004%	$6.2M	$3.4M	100x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.83	−0.031%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.80	−0.040%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.95	+0.005%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.05	+0.034%	$11K	—	10x	as long as short
Variational Omni AAPL	+0.0106%	8h	339.00	+0.021%	$2.4M	$1.4M	—	as long as short
Binance AAPLUSDT	+0.0128%	8h	339.00	+0.020%	$22.4M	$67.2M	25x	as long as short
Extended AAPL_24_5-USDlong	+0.0128%	1h	338.93	long leg	$285K	$1.5M	10x
BloFin AAPL-USDT	+0.0129%	8h	339.06	+0.037%	$347K	$170K	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	339.03	+0.028%	$660K	$676K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.80	−0.040%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	339.13	+0.058%	$5K	$8K	20x	as long as short
Arcus AAPL-USD	+0.0397%	1h	338.92	−0.004%	$269K	$70K	20x	as long as short