Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0023%/8h= −2.6% APRpaid last 24h −0.007%

Price spread now: Bybit against QFEX+0.032%7-day average +0.021% · 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−$23as in the Price arb table

costs, in and out, $10k−$240.236% of the position

Long on QFEX Short on Bybit

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−0.064%−$6 · spread now +0.032%, 7d avg +0.021%

Together, before fees−0.078%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.021%, 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	QFEX AAPL-USD	339.69	0.0023	pay 0.0003% / 1h	11m 10s	$3.3M	$4.2M	10x
Short	Bybit AAPLUSDT	339.80	0	get 0.0000% / 8h	4h 11m	$5.8M	$288.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$4.91
Price spread: +0.032% → +0.021%: $1.09
Slippage, 4 orders: −$2.65
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$27.46
Costs to cover: 0.236%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; Bybit: live order book, 1 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, 6 min ago	1.18 bp	6.2 bp −$6	6.2 bp −$62	10.3 bp −$1,028	doesn't fit
Sell Bybit live order book, 1 min ago	0.15 bp	5.6 bp −$6	6.6 bp −$66	15.4 bp −$1,540	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
edgeX AAPLUSDC	−0.0910%	4h	339.69	0.000%	$81K	$321K	20x	as long as short
Hotstuff AAPL-PERP	−0.0040%	1h	339.51	−0.053%	$36K	—	20x	as long as short
Nado AAPL-PERP	−0.0029%	1h	339.79	+0.029%	$556K	$28K	20x	as long as short
BloFin AAPL-USDT	−0.0025%	8h	339.85	+0.047%	$306K	$166K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.72	+0.010%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.77	+0.024%	$287K	$2.2M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.91	+0.064%	$22.1M	$67.3M	25x	as long as short
Bybit AAPLUSDTshort	0.0000%	8h	339.80	+0.032%	$5.8M	$288.2M	100x
OKX AAPL-USDT-SWAP	0.0000%	8h	339.81	+0.035%	$6.4M	$6.7M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.62	−0.021%	$3.0M	$7.6M	100x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	339.80	+0.032%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.69	+0.001%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.76	+0.020%	$17K	$370K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.84	+0.044%	$551	$4.0M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.77	+0.024%	$28K	$64K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	340.01	+0.094%	$62K	$239K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.86	+0.050%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USDlong	+0.0023%	1h	339.69	long leg	$3.3M	$4.2M	10x
Lighter AAPL	+0.0032%	1h	339.80	+0.031%	$925K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.80	+0.032%	$998K	$3.1M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.62	−0.021%	$267K	$48K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.67	−0.006%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.76	+0.021%	$40.5M	$76.7M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.67	−0.006%	$269K	$356K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.69	0.000%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.57	−0.035%	$1.3M	$2.9M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.39	−0.088%	$1.4M	$242K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.66	−0.009%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.70	+0.003%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.64	−0.014%	$11K	$102	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0128%	1h	339.37	−0.094%	$659K	$638K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.08	+0.115%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	339.78	+0.026%	$5K	$12K	20x	as long as short