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: Extended against GRVT−0.040%7-day average −0.029% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

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

Long on GRVT Short on Extended

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)−0.033%−$3 · spread now −0.040%, 7d avg −0.029%

Together, before fees−0.033%+ Points / potential airdropGRVT: Active · Extended: Active · farm board−$3 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	GRVT AAPL_USDT_Perp	339.04	0.0023	pay 0.0023% / 8h	7h 59m	$13K	$490K	10x
Short	Extended AAPL_24_5-USD	338.90	0.0128	get 0.0016% / 1h	59m 34s	$285K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.040%Rate

Funding earned: $22.05
Price spread: −0.040% → −0.029%: −$1.09
Slippage, 4 orders: −$5.87
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $1.09
Costs to cover: 0.199%
Break-even: 6.7 days

Slippage from GRVT: live order book, 13 min ago; Extended: live order book, 4 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, 13 min ago	1.33 bp	6.3 bp −$6	8.7 bp −$87	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	0.15 bp	3.8 bp −$4	18.3 bp −$183	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	−0.023%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0026%	1h	339.00	−0.013%	$557K	$36K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.99	−0.015%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.09	+0.015%	$6.0M	$39.1M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.02	−0.006%	$6.5M	$6.7M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.80	−0.071%	$3.0M	$4.2M	100x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.08	+0.012%	$566	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.21	+0.050%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.11	+0.021%	$2.1M	$6K	10x	as long as short
GRVT AAPL_USDT_Perplong	+0.0023%	8h	339.04	long leg	$13K	$490K	10x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH AAPL	+0.0032%	1h	338.89	−0.044%	$957K	$3.6M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.69	−0.103%	—	$53K	25x	as long as short
Lighter AAPL	+0.0048%	1h	338.85	−0.055%	$771K	$2.3M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.87	−0.050%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.98	−0.018%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.60	−0.130%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0064%	1h	339.00	−0.012%	$3.2M	$5.1M	10x	as long as short
tradeXYZ xyz:AAPL	+0.0068%	1h	338.94	−0.029%	$40.8M	$76.2M	20x	as long as short
Hotstuff AAPL-PERP	+0.0080%	1h	338.98	−0.018%	$36K	—	20x	as long as short
Bitget AAPLUSDT	+0.0090%	8h	338.92	−0.035%	$6.2M	$3.4M	100x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.83	−0.062%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.80	−0.071%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.93	−0.032%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.02	−0.005%	$11K	—	10x	as long as short
Variational Omni AAPL	+0.0106%	8h	339.00	−0.010%	$2.4M	$1.4M	—	as long as short
Binance AAPLUSDT	+0.0128%	8h	339.02	−0.006%	$22.4M	$67.2M	25x	as long as short
Extended AAPL_24_5-USDshort	+0.0128%	1h	338.90	−0.040%	$285K	$1.5M	10x
BloFin AAPL-USDT	+0.0129%	8h	339.06	+0.006%	$347K	$170K	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0192%	1h	339.03	−0.003%	$660K	$676K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.80	−0.071%	$191K	$44K	30x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0311%	1h	339.05	+0.003%	$28K	$66K	10x	as long as short
Phoenix AAPL	+0.0330%	1h	339.13	+0.027%	$5K	$8K	20x	as long as short
Arcus AAPL-USD	+0.0397%	1h	338.92	−0.035%	$269K	$70K	20x	as long as short