Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h +0.007%

Price spread now: QFEX against HTX−0.062%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$300.305% of the position

Long on HTX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.013%+$1 on $10k

Price spread, last 4 days (all we have)+0.160%+$16 · spread now −0.062%, 7d avg −0.037%

Together, before fees+0.173%+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.025% cheaper against HTX than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of −0.037%). If the spread goes back, that is −$2 on $10k: about 8.7 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAPL-USDT	340.11	0	get 0.0000% / 8h	7h 49m	$62K	$244K	30x
Short	QFEX AAPL-USD	339.90	0.0010	get 0.0001% / 1h	49m 40s	$3.2M	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.062%Rate

Funding earned: $2.02
Price spread: −0.062% → −0.037%: −$2.5
Slippage, 4 orders: −$8.47
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$30.96
Costs to cover: 0.305%
Break-even: 114.5 days

Slippage from HTX: live order book, 47 min ago; QFEX: 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 HTX live order book, 47 min ago	1.32 bp	10.2 bp −$10	11.4 bp −$114	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.47 bp	6.5 bp −$6	7.1 bp −$71	11.3 bp −$1,133	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	−0.0110%	4h	340.11	+0.001%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0024%	1h	339.88	−0.066%	$556K	$36K	20x	as long as short
Hotstuff AAPL-PERP	−0.0008%	1h	339.93	−0.053%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.86	−0.074%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.92	−0.057%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	340.00	−0.031%	$22.2M	$67.3M	25x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	340.01	−0.029%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.83	−0.082%	$3.0M	$5.6M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	340.00	−0.032%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	340.04	−0.022%	$2.5M	$1.2M	—	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	340.12	+0.004%	$13K	$349K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	340.02	−0.026%	$677	$4.4M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.83	−0.082%	$28K	$69K	10x	as long as short
HTX AAPL-USDTlong	0.0000%	8h	340.11	long leg	$62K	$244K	30x
Phemex AAPLUSDT	0.0000%	4h	340.07	−0.012%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0001%	8h	340.04	−0.021%	$345K	$167K	20x	as long as short
QFEX AAPL-USDshort	+0.0010%	1h	339.90	−0.062%	$3.2M	$4.2M	10x
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.92	−0.056%	$663K	$658K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.94	−0.049%	$932K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.92	−0.056%	$956K	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.90	−0.062%	$267K	$59K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.75	−0.106%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.80	−0.091%	$279K	$400K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	340.02	−0.026%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.87	−0.071%	$1.3M	$2.3M	20x	as long as short
Bybit AAPLUSDT	+0.0067%	8h	340.12	+0.003%	$6.4M	$179.5M	100x	as long as short
tradeXYZ xyz:AAPL	+0.0094%	1h	339.96	−0.044%	$40.4M	$76.6M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.87	−0.071%	$1.4M	$63K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.94	−0.050%	$950K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.91	−0.059%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.90	−0.061%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	340.13	+0.006%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.55	+0.129%	$192K	$44K	30x	as long as short