Settings8H · net · $10k
Funding arb · Price arb /

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.036%
Price spread now: KuCoin against OKX−0.074%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1401.396% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.019%+$2 on $10k
Price spread, last 7 days+0.053%+$5 · spread now −0.074%, 7d avg −0.039%
Together, before fees+0.072%+$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.035% cheaper against OKX than usual: you would sell low and buy high (spread −0.074% now, against its 7-day average of −0.039%). If the spread goes back, that is −$3 on $10k: about 28 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.019% in total) that is about 13 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX AAPL-USDT-SWAP339.010get 0.0000% / 8h18m 11s$6.5M$6.8M25x
ShortKuCoin AAPLUSDTM338.760.0100get 0.0100% / 8h18m 11s$1.4M$27K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$21
Price spread: −0.074% → −0.039%
−$3.49
Slippage, 4 orders
−$117.61
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$122.1
Costs to cover
1.396%
Break-even
47.7 days
Slippage from OKX: live order book, 5 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 OKX live order book, 5 min ago0.15 bp5.6 bp −$612.2 bp −$122doesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago5.75 bp56.8 bp −$57doesn't fitdoesn't fitdoesn'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−0.0889%4h339.01−0.001%$81K$325K20xas long as short
Aster AAPLUSDT0.0000%8h338.99−0.006%$122K$291K20xas long as short
Bybit AAPLUSDT0.0000%8h339.02+0.003%$6.0M$39.2M100xas long as short
OKX AAPL-USDT-SWAPlong0.0000%8h339.01long leg$6.5M$6.8M25x
Gate AAPL_USDT0.0000%8h338.83−0.053%$3.0M$4.2M100xas long as short
SunX AAPL-USDT0.0000%8h339.00−0.003%$542$4.8M20xas long as short
HTX AAPL-USDT0.0000%8h339.13+0.035%$53K$224K30xas long as short
Phemex AAPLUSDT0.0000%4h339.06+0.015%$2.1M$7K10xas long as short
GRVT AAPL_USDT_Perp+0.0022%8h339.08+0.021%$14K$498K10xas long as short
Lighter RH AAPL+0.0032%1h338.90−0.032%$964K$3.8M20xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest AAPL-USD-PERP+0.0046%1h338.62−0.115%$53K25xas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.82−0.056%$265K$394K10xas long as short
SoDEX AAPL-USD+0.0050%1h338.87−0.041%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.77−0.071%$1.4M$2.4M20xas long as short
QFEX AAPL-USD+0.0064%1h338.97−0.012%$3.2M$5.1M10xas long as short
Lighter AAPL+0.0072%1h338.86−0.045%$771K$2.4M20xas long as short
Bitget AAPLUSDT+0.0072%8h339.02+0.003%$6.2M$3.5M100xas long as short
BloFin AAPL-USDT+0.0085%8h339.05+0.012%$348K$170K20xas long as short
Variational Omni AAPL+0.0087%8h339.06+0.013%$2.4M$1.4Mas long as short
Hotstuff AAPL-PERP+0.0096%1h338.85−0.047%$36K20xas long as short
KuCoin AAPLUSDTMshort+0.0100%8h338.76−0.074%$1.4M$27K20x
ApeX Omni AAPLUSDT+0.0100%1h338.74−0.080%$946K$10.9M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h338.90−0.032%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h338.96−0.014%$11K10xas long as short
Extended AAPL_24_5-USD+0.0112%1h338.94−0.020%$285K$1.5M10xas long as short
Binance AAPLUSDT+0.0112%8h339.010.000%$22.4M$67.0M25xas long as short
Nado AAPL-PERP+0.0120%1h338.69−0.095%$556K$33K20xas long as short
tradeXYZ xyz:AAPL+0.0187%1h338.88−0.038%$40.8M$76.3M20xas long as short
Coinbase International AAPL-PERP-INTX+0.0192%1h339.03+0.006%$660K$676K10xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.50+0.145%$191K$44K30xas long as short
Phoenix AAPL+0.0330%1h339.10+0.027%$5K$8K20xas long as short
Arcus AAPL-USD+0.0397%1h338.85−0.047%$269K$70K20xas long as short
Deribit AAPL_USDC-PERPETUAL+0.0400%1h338.88−0.038%$28K$66K10xas long as short