Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0090%/8h= −9.9% APRpaid last 24h −0.023%

Price spread now: QFEX against Orderly+0.026%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. QFEX is 0.026% dearer against Orderly than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AAPL_USDC_mythos	339.94	0.0100	pay 0.0100% / 8h	7h 45m	$4K	—	10x
Short	QFEX AAPL-USD	340.03	0.0010	get 0.0001% / 1h	45m 51s	$3.2M	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Orderly. 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 OrderlybpFee QFEXbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$18.98
Price spread: +0.026% → 0.000%: $2.65
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$32.34
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; QFEX: live order book, 8 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell QFEX live order book, 8 min ago	1.47 bp	6.5 bp −$6	7.1 bp −$71	11.3 bp −$1,133	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.004%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0019%	1h	339.87	−0.020%	$556K	$36K	20x	as long as short
Hotstuff AAPL-PERP	−0.0008%	1h	340.04	+0.029%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.90	−0.013%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.98	+0.012%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	340.06	+0.035%	$22.2M	$67.3M	25x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	340.05	+0.032%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.91	−0.009%	$3.0M	$5.6M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	340.08	+0.041%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	340.07	+0.040%	$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	+0.029%	$13K	$349K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	340.10	+0.047%	$463	$4.4M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.89	−0.015%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	340.18	+0.071%	$62K	$244K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	340.07	+0.038%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USDshort	+0.0010%	1h	340.03	+0.026%	$3.2M	$4.2M	10x
BloFin AAPL-USDT	+0.0022%	8h	340.13	+0.056%	$344K	$166K	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.92	−0.006%	$663K	$656K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.98	+0.012%	$932K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.96	+0.006%	$957K	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.96	+0.006%	$267K	$59K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.86	−0.024%	—	$45K	25x	as long as short
Bybit AAPLUSDT	+0.0047%	8h	340.12	+0.053%	$6.3M	$180.4M	100x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.85	−0.026%	$279K	$375K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	340.01	+0.021%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.89	−0.015%	$1.3M	$2.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.92	−0.006%	$1.4M	$66K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.86	−0.024%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythoslong	+0.0100%	8h	339.94	long leg	$4K	—	10x
tradeXYZ xyz:AAPL	+0.0101%	1h	339.99	+0.015%	$40.3M	$76.6M	20x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.93	−0.003%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	340.13	+0.056%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.55	+0.179%	$192K	$44K	30x	as long as short