Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.027%

Price spread now: KuCoin against Extended−0.055%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1461.458% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 7 days+0.095%+$10 · spread now −0.055%, 7d avg −0.082%

Together, before fees+0.101%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.027% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAPL_24_5-USD	339.61	0	get 0.0000% / 1h	30m 56s	$285K	$1.8M	10x
Short	KuCoin AAPLUSDTM	339.42	0.0100	get 0.0100% / 8h	2h 30m	$1.4M	$38K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.055%Rate

Funding earned: $21
Price spread: −0.055% → −0.082%: $2.66
Slippage, 4 orders: −$128.82
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$122.17
Costs to cover: 1.458%
Break-even: 47.7 days

Slippage from Extended: live order book, 3 min ago; KuCoin: live order book, 9 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, 3 min ago	0.15 bp	3.8 bp −$4	13.6 bp −$136	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	6.93 bp	69.5 bp −$69	doesn't fit	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
Deribit AAPL_USDC-PERPETUAL	−0.0398%	1h	339.33	−0.082%	$28K	$68K	10x	as long as short
edgeX AAPLUSDC	−0.0099%	4h	339.50	−0.032%	$81K	$328K	20x	as long as short
Nado AAPL-PERP	−0.0086%	1h	339.61	+0.001%	$556K	$38K	20x	as long as short
BloFin AAPL-USDT	−0.0003%	8h	339.57	−0.011%	$342K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.61	+0.001%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USDlong	0.0000%	1h	339.61	long leg	$285K	$1.8M	10x
Binance AAPLUSDT	0.0000%	8h	339.67	+0.020%	$22.0M	$67.3M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.69	+0.024%	$5.8M	$88.6M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.63	+0.006%	$6.2M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.36	−0.073%	$3.0M	$4.7M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	339.64	+0.009%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.61	−0.001%	$2.4M	$1.3M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.52	−0.026%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.59	−0.005%	$435	$4.6M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.72	+0.033%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.62	+0.004%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0020%	1h	339.48	−0.038%	$3.2M	$4.4M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.54	−0.021%	$840K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.52	−0.026%	$940K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.37	−0.070%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.48	−0.038%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	339.16	−0.132%	$661K	$659K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.57	−0.011%	$40.6M	$76.4M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.43	−0.052%	$278K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.48	−0.038%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.38	−0.067%	$1.3M	$2.5M	20x	as long as short
Hotstuff AAPL-PERP	+0.0064%	1h	339.44	−0.049%	$36K	—	20x	as long as short
KuCoin AAPLUSDTMshort	+0.0100%	8h	339.42	−0.055%	$1.4M	$38K	20x
ApeX Omni AAPLUSDT	+0.0100%	1h	339.53	−0.023%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.48	−0.038%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.50	−0.031%	$11K	—	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.52	−0.026%	$5K	$11K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.40	−0.061%	$191K	$44K	30x	as long as short