Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h +0.008%

Price spread now: QFEX against OKX−0.015%7-day average −0.009% · 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−$27as in the Price arb table

costs, in and out, $10k−$270.265% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.014%+$1 on $10k

Price spread, last 7 days+0.038%+$4 · spread now −0.015%, 7d avg −0.009%

Together, before fees+0.052%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.009%, 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	339.64	0	get 0.0000% / 8h	5h 28m	$6.3M	$6.7M	25x
Short	QFEX AAPL-USD	339.59	0.0026	get 0.0003% / 1h	28m 09s	$3.3M	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.015%Rate

Funding earned: $5.41
Price spread: −0.015% → −0.009%: −$0.53
Slippage, 4 orders: −$6.54
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$21.66
Costs to cover: 0.265%
Break-even: 35.0 days

Slippage from OKX: live order book, 3 min ago; QFEX: live order book, 9 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, 3 min ago	0.15 bp	6.5 bp −$6	11.7 bp −$117	doesn't fit	doesn't fit
Sell QFEX live order book, 9 min ago	1.33 bp	6.3 bp −$6	7.3 bp −$73	10.6 bp −$1,061	doesn't fit

AAPL on 33 exchanges

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
Hotstuff AAPL-PERP	−0.1600%	1h	339.45	−0.056%	$36K	—	20x	as long as short
edgeX AAPLUSDC	−0.0582%	4h	339.61	−0.009%	$81K	$328K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.60	−0.010%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.54	−0.030%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.65	+0.003%	$22.2M	$67.0M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.60	−0.012%	$6.7M	$282.9M	100x	as long as short
OKX AAPL-USDT-SWAPlong	0.0000%	8h	339.64	long leg	$6.3M	$6.7M	25x
Gate AAPL_USDT	0.0000%	8h	339.50	−0.041%	$3.0M	$7.3M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.63	−0.003%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.70	+0.019%	$2.5M	$1.3M	—	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	339.62	−0.006%	$16K	$332K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.64	0.000%	$666	$4.1M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.71	+0.021%	$62K	$242K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.70	+0.018%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0010%	8h	339.67	+0.009%	$349K	$165K	20x	as long as short
QFEX AAPL-USDshort	+0.0026%	1h	339.59	−0.015%	$3.3M	$4.2M	10x
Lighter RH AAPL	+0.0032%	1h	339.58	−0.018%	$1.0M	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.48	−0.047%	$267K	$51K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.41	−0.068%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.50	−0.041%	$279K	$347K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.50	−0.041%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.42	−0.065%	$1.3M	$2.2M	20x	as long as short
Nado AAPL-PERP	+0.0057%	1h	339.49	−0.044%	$556K	$28K	20x	as long as short
Lighter AAPL	+0.0080%	1h	339.59	−0.014%	$926K	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0080%	1h	339.77	+0.038%	$660K	$641K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.51	−0.038%	$1.4M	$170K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.46	−0.053%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.52	−0.035%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.52	−0.035%	$11K	$102	10x	as long as short
tradeXYZ xyz:AAPL	+0.0113%	1h	339.50	−0.041%	$40.5M	$76.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0133%	1h	339.58	−0.018%	$28K	$69K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.98	+0.100%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0235%	1h	339.73	+0.026%	$5K	$12K	20x	as long as short