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

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.009%
Price spread now: tradeXYZ against Extended+0.002%7-day average −0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$280.279% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.015%−$1 on $10k
Price spread, last 7 days−0.078%−$8 · spread now +0.002%, 7d avg −0.111%
Together, before fees−0.093%+ Points / potential airdropExtended: Active · tradeXYZ: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.113% dearer against Extended than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.111%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended AAPL_24_5-USD339.760get 0.0000% / 1h4m 52s$286K$2.1M10x
ShorttradeXYZ xyz:AAPL339.770.0050get 0.0006% / 1h4m 52s$40.6M$76.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Funding earned
$10.5
Price spread: +0.002% → −0.111%
$11.26
Slippage, 4 orders
−$4.9
Fee Extended: 2.5 bp × 2 orders
−$5
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$6.14
Costs to cover
0.279%
Break-even
11.1 days
Slippage from Extended: live order book, 4 min ago; tradeXYZ: live order book, 5 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 Extended live order book, 4 min ago0.15 bp3.8 bp −$417.0 bp −$170doesn't fitdoesn't fit
Sell tradeXYZ live order book, 5 min ago0.29 bp10.1 bp −$1012.0 bp −$120doesn't fitdoesn'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 AAPLUSDC−0.0565%4h339.79+0.008%$81K$327K20xas long as short
Nado AAPL-PERP−0.0143%1h339.73−0.009%$556K$37K20xas long as short
Deribit AAPL_USDC-PERPETUAL−0.0074%1h339.61−0.045%$28K$69K10xas long as short
Hotstuff AAPL-PERP−0.0048%1h339.75−0.004%$36K20xas long as short
Aster AAPLUSDT0.0000%8h339.73−0.009%$121K$294K20xas long as short
Extended AAPL_24_5-USDlong0.0000%1h339.76long leg$286K$2.1M10x
Binance AAPLUSDT0.0000%8h339.84+0.021%$22.1M$67.3M25xas long as short
Bybit AAPLUSDT0.0000%8h339.86+0.028%$6.2M$164.5M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.77+0.002%$6.3M$6.9M25xas long as short
Gate AAPL_USDT0.0000%8h339.65−0.033%$3.0M$5.6M100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget AAPLUSDT0.0000%8h339.82+0.017%$6.2M$3.6M100xas long as short
Variational Omni AAPL0.0000%8h339.86+0.027%$2.5M$1.2Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h339.84+0.022%$13K$357K10xas long as short
SunX AAPL-USDT0.0000%8h339.84+0.022%$585$4.5M20xas long as short
HTX AAPL-USDT0.0000%8h339.88+0.034%$62K$245K30xas long as short
Phemex AAPLUSDT0.0000%4h339.84+0.022%$2.1M$7K10xas long as short
BloFin AAPL-USDT+0.0003%8h339.84+0.022%$344K$167K20xas long as short
QFEX AAPL-USD+0.0027%1h339.77+0.002%$3.2M$4.2M10xas long as short
Lighter AAPL+0.0032%1h339.77+0.002%$942K$2.7M20xas long as short
Lighter RH AAPL+0.0032%1h339.76−0.001%$954K$3.5M20xas long as short
Arcus AAPL-USD+0.0040%1h339.70−0.019%$267K$60K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h339.68−0.025%$45K25xas long as short
tradeXYZ xyz:AAPLshort+0.0050%1h339.77+0.002%$40.6M$76.2M20x
Polymarket Perps AAPL-USD+0.0050%1h339.72−0.013%$279K$423K10xas long as short
SoDEX AAPL-USD+0.0050%1h339.79+0.008%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h339.64−0.036%$1.3M$2.3M20xas long as short
Coinbase International AAPL-PERP-INTX+0.0064%1h339.55−0.063%$660K$660K10xas long as short
KuCoin AAPLUSDTM+0.0100%8h339.70−0.019%$1.4M$55K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h339.73−0.010%$949K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.72−0.013%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h339.75−0.003%$11K$10210xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.67−0.028%$191K$44K30xas long as short
Phoenix AAPL+0.0259%1h339.96+0.058%$5K$12K20xas long as short