Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h +0.002%

Price spread now: Bitget against QFEX+0.041%46s7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.320% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.003%$0 on $10k

Price spread, last 7 days−0.009%−$1 · spread now +0.041%, 7d avg +0.042%

Together, before fees−0.012%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX AAPL-USD	338.83	0.0013	pay 0.0002% / 1h	13m 47s	$3.2M	$4.8M	10x
Short	Bitget AAPLUSDT	338.97	0	get 0.0000% / 8h	5h 13m	$6.2M	$3.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against QFEX. 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 QFEXbpFee BitgetbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$2.77
Price spread: +0.041% → +0.042%: −$0.07
Slippage, 4 orders: −$10.03
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$34.87
Costs to cover: 0.320%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; Bitget: live order book, 4 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 QFEX live order book, 5 min ago	1.92 bp	6.9 bp −$7	7.1 bp −$71	12.4 bp −$1,240	doesn't fit
Sell Bitget live order book, 4 min ago	0.15 bp	10.4 bp −$10	14.5 bp −$145	42.4 bp −$4,241	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	−0.0937%	4h	338.83	0.000%	$81K	$327K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0075%	1h	338.53	−0.089%	$28K	$67K	10x	as long as short
Nado AAPL-PERP	−0.0044%	1h	338.70	−0.037%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.86	+0.010%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.77	−0.018%	$285K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.85	+0.006%	$22.2M	$66.9M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.85	+0.006%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.92	+0.027%	$6.3M	$6.8M	25x	as long as short
Hotstuff AAPL-PERP	0.0000%	1h	338.78	−0.015%	$36K	—	20x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.61	−0.065%	$3.0M	$4.2M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDTshort	0.0000%	8h	338.97	+0.041%	$6.2M	$3.5M	100x
Variational Omni AAPL	0.0000%	8h	338.92	+0.025%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.84	+0.004%	$17K	$424K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.84	+0.003%	$861	$4.6M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	338.96	+0.038%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.92	+0.027%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USDlong	+0.0013%	1h	338.83	long leg	$3.2M	$4.8M	10x
BloFin AAPL-USDT	+0.0018%	8h	338.91	+0.024%	$344K	$169K	20x	as long as short
Lighter AAPL	+0.0032%	1h	338.69	−0.040%	$770K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.74	−0.027%	$947K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.77	−0.018%	$269K	$69K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.60	−0.068%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	338.78	−0.015%	$659K	$672K	10x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.57	−0.077%	$261K	$370K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.79	−0.012%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.64	−0.056%	$1.3M	$2.5M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0070%	1h	338.79	−0.012%	$40.7M	$75.8M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.76	−0.021%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.65	−0.053%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.75	−0.024%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.74	−0.027%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.62	−0.062%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	338.87	+0.012%	$5K	$11K	20x	as long as short