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+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.024%
Price spread now: KuCoin against HTX−0.041%7-day average −0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1351.351% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.008%+$1 on $10k
Price spread, last 3 days (all we have)+0.006%+$1 · spread now −0.041%, 7d avg −0.087%
Together, before fees+0.014%+$1 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 0.046% dearer against HTX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.087%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX AAPL-USDT339.250get 0.0000% / 8h5h 58m$53K$224K30x
ShortKuCoin AAPLUSDTM339.110.0100get 0.0100% / 8h5h 58m$1.4M$27K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$21
Price spread: −0.041% → −0.087%
$4.58
Slippage, 4 orders
−$111.08
Fee HTX: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$109.5
Costs to cover
1.351%
Break-even
43.5 days
Slippage from HTX: live order book, 3 min ago; KuCoin: live order book, 2 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 HTX live order book, 3 min ago2.80 bp8.8 bp −$912.6 bp −$126doesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago6.49 bp60.9 bp −$61doesn't fitdoesn't fitdoesn't fit

AAPL on 32 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−0.0534%4h339.19−0.017%$81K$328K20xas long as short
Nado AAPL-PERP−0.0025%1h338.94−0.091%$555K$38K20xas long as short
Aster AAPLUSDT0.0000%8h339.07−0.052%$122K$291K20xas long as short
Bybit AAPLUSDT0.0000%8h339.21−0.012%$6.0M$39.1M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.12−0.038%$6.3M$6.8M25xas long as short
Gate AAPL_USDT0.0000%8h338.94−0.091%$3.0M$4.2M100xas long as short
Bitget AAPLUSDT0.0000%8h339.20−0.015%$6.2M$3.5M100xas long as short
Variational Omni AAPL0.0000%8h339.24−0.004%$2.4M$1.4Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h339.21−0.013%$17K$433K10xas long as short
SunX AAPL-USDT0.0000%8h339.12−0.038%$553$4.7M20xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit AAPL_USDC-PERPETUAL0.0000%1h338.92−0.097%$28K$67K10xas long as short
HTX AAPL-USDTlong0.0000%8h339.25long leg$53K$224K30x
Phemex AAPLUSDT0.0000%4h339.30+0.015%$2.1M$6K10xas long as short
Binance AAPLUSDT+0.0013%8h339.19−0.019%$22.3M$67.0M25xas long as short
Extended AAPL_24_5-USD+0.0016%1h339.09−0.047%$288K$2.0M10xas long as short
QFEX AAPL-USD+0.0028%1h339.04−0.062%$3.2M$4.9M10xas long as short
Lighter AAPL+0.0032%1h339.03−0.065%$755K$2.4M20xas long as short
Lighter RH AAPL+0.0032%1h339.09−0.047%$950K$3.5M20xas long as short
Arcus AAPL-USD+0.0040%1h339.07−0.053%$270K$70K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h338.98−0.080%$45K25xas long as short
Hotstuff AAPL-PERP+0.0048%1h339.00−0.074%$36K20xas long as short
Coinbase International AAPL-PERP-INTX+0.0048%1h338.98−0.080%$656K$671K10xas long as short
tradeXYZ xyz:AAPL+0.0050%1h339.12−0.038%$40.8M$75.8M20xas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.82−0.127%$262K$396K10xas long as short
SoDEX AAPL-USD+0.0050%1h339.04−0.062%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.85−0.118%$1.4M$2.5M20xas long as short
KuCoin AAPLUSDTMshort+0.0100%8h339.11−0.041%$1.4M$27K20x
ApeX Omni AAPLUSDT+0.0100%1h339.10−0.044%$947K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.00−0.074%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h338.97−0.084%$11K10xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.02−0.068%$191K$44K30xas long as short
Phoenix AAPL+0.0236%1h339.33+0.024%$5K$11K20xas long as short