Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.015%

Price spread now: Coinbase International against GRVT−0.011%76s7-day average −0.068% · you buy dearer than you sell

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−$280.284% of the position

Long on GRVT Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now −0.011%, 7d avg −0.068%

Together, before fees+0.043%+ Points / potential airdropGRVT: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.057% dearer against GRVT than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.068%. The two prices were read 76 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	GRVT AAPL_USDT_Perp	339.70	0	get 0.0000% / 8h	1h 33m	$16K	$402K	10x
Short	Coinbase International AAPL-PERP-INTX	339.66	0.0024	get 0.0003% / 1h	33m 46s	$663K	$663K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GRVT. 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 GRVTbpFee Coinbase InternationalbpOrdersPrice spread, now −0.011%Rate

Funding earned: $5.04
Price spread: −0.011% → −0.068%: $5.7
Slippage, 4 orders: −$9.43
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$17.69
Costs to cover: 0.284%
Break-even: 31.6 days

Slippage from GRVT: live order book, 9 min ago; Coinbase International: 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 GRVT live order book, 9 min ago	1.32 bp	6.4 bp −$6	11.1 bp −$111	doesn't fit	doesn't fit
Sell Coinbase International live order book, 9 min ago	2.21 bp	7.8 bp −$8	10.3 bp −$103	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	−0.0257%	4h	339.61	−0.024%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0056%	1h	339.61	−0.026%	$556K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.66	−0.010%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.64	−0.017%	$285K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.72	+0.007%	$22.1M	$67.7M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.76	+0.019%	$7.0M	$111.1M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.70	+0.001%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.50	−0.058%	$3.0M	$5.0M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.76	+0.019%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.77	+0.023%	$2.4M	$1.4M	—	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_Perplong	0.0000%	8h	339.70	long leg	$16K	$402K	10x
SunX AAPL-USDT	0.0000%	8h	339.72	+0.007%	$591	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.60	−0.028%	$28K	$68K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.78	+0.025%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.77	+0.022%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0008%	8h	339.73	+0.010%	$341K	$168K	20x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.67	−0.008%	$3.3M	$4.3M	10x	as long as short
Coinbase International AAPL-PERP-INTXshort	+0.0024%	1h	339.66	−0.011%	$663K	$663K	10x
Lighter AAPL	+0.0032%	1h	339.66	−0.010%	$907K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.66	−0.011%	$944K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.60	−0.028%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.57	−0.037%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.62	−0.023%	$40.6M	$76.5M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.64	−0.017%	$279K	$417K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.64	−0.017%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.50	−0.058%	$1.3M	$2.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.54	−0.046%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.58	−0.034%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.57	−0.037%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.62	−0.023%	$11K	$102	10x	as long as short
Hotstuff AAPL-PERP	+0.0112%	1h	339.64	−0.017%	$36K	—	20x	as long as short
Phoenix AAPL	+0.0212%	1h	339.80	+0.030%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.58	−0.034%	$191K	$44K	30x	as long as short