Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.010%

Price spread now: Coinbase International against HTX−0.029%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 3 days (all we have)+0.043%+$4 · spread now −0.029%, 7d avg −0.084%

Together, before fees+0.079%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.055% dearer against HTX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAPL-USDT	339.06	0	get 0.0000% / 8h	2h 25m	$53K	$224K	30x
Short	Coinbase International AAPL-PERP-INTX	338.96	0.0144	get 0.0018% / 1h	25m 48s	$658K	$671K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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 HTXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.029%Rate

Funding earned: $30.24
Price spread: −0.029% → −0.084%: $5.49
Slippage, 4 orders: −$12.72
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $1.01
Costs to cover: 0.347%
Break-even: 6.8 days

Slippage from HTX: live order book, 60 min ago; Coinbase International: live order book, 62 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 HTX live order book, 60 min ago	2.80 bp	8.8 bp −$9	10.0 bp −$100	doesn't fit	doesn't fit
Sell Coinbase International live order book, 62 min ago	1.48 bp	6.5 bp −$6	9.8 bp −$98	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	−0.0202%	4h	338.98	−0.024%	$81K	$327K	20x	as long as short
BloFin AAPL-USDT	−0.0017%	8h	339.10	+0.012%	$354K	$165K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.78	−0.083%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.97	−0.026%	$284K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.01	−0.015%	$22.1M	$66.7M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.05	−0.003%	$6.3M	$24.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.01	−0.015%	$6.6M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.80	−0.077%	$3.0M	$4.1M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.06	0.000%	$6.2M	$3.3M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	338.99	−0.022%	$2.2M	$1.1M	—	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_Perp	0.0000%	8h	339.00	−0.018%	$14K	$522K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.00	−0.018%	$844	$4.8M	20x	as long as short
HTX AAPL-USDTlong	0.0000%	8h	339.06	long leg	$53K	$224K	30x
Phemex AAPLUSDT	0.0000%	4h	339.06	0.000%	$2.1M	$7K	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.94	−0.035%	$755K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.98	−0.024%	$976K	$3.8M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.72	−0.100%	—	$43K	25x	as long as short
QFEX AAPL-USD	+0.0049%	1h	338.92	−0.041%	$3.2M	$4.9M	10x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.69	−0.109%	$271K	$384K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.99	−0.021%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.78	−0.083%	$1.3M	$2.2M	20x	as long as short
Nado AAPL-PERP	+0.0075%	1h	338.78	−0.083%	$556K	$34K	20x	as long as short
KuCoin AAPLUSDTM	+0.0099%	8h	338.80	−0.077%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.77	−0.086%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.91	−0.044%	$4K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0104%	1h	338.98	−0.024%	$36K	—	20x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.95	−0.034%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTXshort	+0.0144%	1h	338.96	−0.029%	$658K	$671K	10x
tradeXYZ xyz:AAPL	+0.0205%	1h	338.99	−0.021%	$40.7M	$76.7M	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.41	+0.103%	$191K	$44K	30x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0252%	1h	339.01	−0.015%	$28K	$65K	10x	as long as short
Phoenix AAPL	+0.0283%	1h	339.06	0.000%	$2K	$12K	20x	as long as short
Arcus AAPL-USD	+0.0310%	1h	338.95	−0.032%	$270K	$69K	20x	as long as short