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−0.0121%/8h= −13.3% APRnext payment $1.21 per $10,000 · paid last 24h +0.049%
Price spread now: BloFin against KuCoin+0.071%50s7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$191as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2012.015% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.103%+$10 on $10k
Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.071%, 7d avg +0.071%
Together, before fees+0.120%+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.071%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.103%, so the current rate has only just turned against you. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin AAPLUSDTM339.420.0100pay 0.0100% / 8h52m 21s$1.4M$39K20x
ShortBloFin AAPL-USDT339.66−0.0021pay 0.0021% / 8h52m 21s$343K$168K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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
−$25.41
Price spread: +0.071% → +0.071%
−$0.06
Slippage, 4 orders
−$177.48
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$226.95
Costs to cover
2.015%
Break-even
never at this rate
Slippage from KuCoin: live order book, 3 min ago; BloFin: live order book, 28 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 KuCoin live order book, 3 min ago6.92 bp116.2 bp −$116doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 28 min ago0.29 bp7.1 bp −$78.3 bp −$8318.9 bp −$1,886doesn't fit

AAPL on 33 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−0.0147%4h339.54+0.034%$81K$326K20xas long as short
Nado AAPL-PERP−0.0115%1h339.54+0.035%$555K$37K20xas long as short
BloFin AAPL-USDTshort−0.0021%8h339.66+0.071%$343K$168K20x
Aster AAPLUSDT0.0000%8h339.59+0.049%$121K$292K20xas long as short
Extended AAPL_24_5-USD0.0000%1h339.56+0.041%$286K$2.0M10xas long as short
Binance AAPLUSDT0.0000%8h339.65+0.068%$22.1M$67.5M25xas long as short
Bybit AAPLUSDT0.0000%8h339.60+0.053%$6.2M$130.8M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.65+0.068%$6.3M$6.9M25xas long as short
Hotstuff AAPL-PERP0.0000%1h339.55+0.038%$36K20xas long as short
Gate AAPL_USDT0.0000%8h339.39−0.009%$3.0M$5.3M100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget AAPLUSDT0.0000%8h339.62+0.059%$6.2M$3.6M100xas long as short
Variational Omni AAPL0.0000%8h339.60+0.052%$2.4M$1.2Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h339.64+0.065%$16K$402K10xas long as short
SunX AAPL-USDT0.0000%8h339.63+0.062%$747$4.5M20xas long as short
Deribit AAPL_USDC-PERPETUAL0.0000%1h339.45+0.009%$28K$69K10xas long as short
HTX AAPL-USDT0.0000%8h339.72+0.088%$62K$245K30xas long as short
Phemex AAPLUSDT0.0000%4h339.76+0.100%$2.1M$7K10xas long as short
QFEX AAPL-USD+0.0027%1h339.58+0.047%$3.3M$4.2M10xas long as short
Lighter AAPL+0.0032%1h339.58+0.047%$941K$2.7M20xas long as short
Lighter RH AAPL+0.0032%1h339.56+0.041%$949K$3.5M20xas long as short
Arcus AAPL-USD+0.0040%1h339.54+0.035%$267K$60K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h339.46+0.012%$45K25xas long as short
tradeXYZ xyz:AAPL+0.0050%1h339.57+0.044%$40.6M$76.2M20xas long as short
Polymarket Perps AAPL-USD+0.0050%1h339.52+0.029%$279K$424K10xas long as short
SoDEX AAPL-USD+0.0050%1h339.57+0.044%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h339.43+0.003%$1.3M$2.4M20xas long as short
Coinbase International AAPL-PERP-INTX+0.0064%1h339.55+0.038%$660K$661K10xas long as short
KuCoin AAPLUSDTMlong+0.0100%8h339.42long leg$1.4M$39K20x
ApeX Omni AAPLUSDT+0.0100%1h339.47+0.015%$948K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.52+0.029%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h339.53+0.032%$11K$10210xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.38−0.012%$191K$44K30xas long as short
Phoenix AAPL+0.0259%1h339.73+0.091%$5K$12K20xas long as short