Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.020%

Price spread now: Coinbase International against OKX−0.038%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.038%, 7d avg −0.029%

Together, before fees+0.068%+$7 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: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AAPL-USDT-SWAP	340.05	0	get 0.0000% / 8h	7h 46m	$6.3M	$6.9M	25x
Short	Coinbase International AAPL-PERP-INTX	339.92	0.0024	get 0.0003% / 1h	46m 04s	$663K	$656K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.038%Rate

Funding earned: $5.04
Price spread: −0.038% → −0.029%: −$0.9
Slippage, 4 orders: −$9.56
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$25.42
Costs to cover: 0.296%
Break-even: 42.3 days

Slippage from OKX: live order book, 2 min ago; Coinbase International: live order book, 52 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 OKX live order book, 2 min ago	0.15 bp	6.3 bp −$6	11.3 bp −$113	doesn't fit	doesn't fit
Sell Coinbase International live order book, 52 min ago	2.50 bp	8.4 bp −$8	10.9 bp −$109	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	−0.0921%	4h	339.95	−0.029%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0019%	1h	339.87	−0.052%	$556K	$36K	20x	as long as short
Hotstuff AAPL-PERP	−0.0008%	1h	340.04	−0.003%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.91	−0.040%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.98	−0.020%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	340.07	+0.005%	$22.2M	$67.3M	25x	as long as short
OKX AAPL-USDT-SWAPlong	0.0000%	8h	340.05	long leg	$6.3M	$6.9M	25x
Gate AAPL_USDT	0.0000%	8h	339.91	−0.041%	$3.0M	$5.6M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	340.05	0.000%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	340.04	−0.004%	$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	340.04	−0.003%	$13K	$349K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	340.10	+0.015%	$463	$4.4M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.89	−0.047%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	340.18	+0.038%	$62K	$244K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	340.07	+0.006%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0010%	1h	340.03	−0.006%	$3.2M	$4.2M	10x	as long as short
BloFin AAPL-USDT	+0.0022%	8h	340.13	+0.024%	$344K	$166K	20x	as long as short
Coinbase International AAPL-PERP-INTXshort	+0.0024%	1h	339.92	−0.038%	$663K	$656K	10x
Lighter AAPL	+0.0032%	1h	339.98	−0.021%	$932K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.96	−0.026%	$957K	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.96	−0.026%	$267K	$59K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.86	−0.056%	—	$45K	25x	as long as short
Bybit AAPLUSDT	+0.0047%	8h	340.12	+0.021%	$6.3M	$180.4M	100x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.85	−0.059%	$279K	$375K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	340.01	−0.012%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.89	−0.047%	$1.3M	$2.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.91	−0.041%	$1.4M	$66K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.86	−0.056%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.94	−0.032%	$4K	—	10x	as long as short
tradeXYZ xyz:AAPL	+0.0101%	1h	339.99	−0.018%	$40.3M	$76.6M	20x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.93	−0.036%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	340.13	+0.024%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.55	+0.147%	$192K	$44K	30x	as long as short