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

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.04 per $10,000 · paid last 24h +0.010%
Price spread now: Coinbase International against QFEX−0.035%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$270.273% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.031%+$3 on $10k
Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.035%, 7d avg −0.046%
Together, before fees+0.096%+$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.046%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX AAPL-USD339.670.0020pay 0.0002% / 1h12m 50s$3.3M$4.4M10x
ShortCoinbase International AAPL-PERP-INTX339.550.0048get 0.0006% / 1h12m 50s$660K$662K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$5.91
Price spread: −0.035% → −0.046%
$1.07
Slippage, 4 orders
−$7.25
Fee QFEX: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$20.27
Costs to cover
0.273%
Break-even
31.0 days
Slippage from QFEX: live order book, 6 min ago; Coinbase International: live order book, 35 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 QFEX live order book, 6 min ago1.18 bp6.2 bp −$67.3 bp −$7312.6 bp −$1,262doesn't fit
Sell Coinbase International live order book, 35 min ago2.21 bp7.7 bp −$811.0 bp −$110doesn'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−0.0493%4h339.75+0.024%$81K$328K20xas long as short
Nado AAPL-PERP−0.0118%1h339.75+0.024%$556K$38K20xas long as short
Hotstuff AAPL-PERP−0.0112%1h339.64−0.009%$36K20xas long as short
Deribit AAPL_USDC-PERPETUAL−0.0103%1h339.61−0.018%$28K$68K10xas long as short
BloFin AAPL-USDT−0.0027%8h339.71+0.012%$339K$168K20xas long as short
Aster AAPLUSDT0.0000%8h339.72+0.015%$121K$293K20xas long as short
Extended AAPL_24_5-USD0.0000%1h339.64−0.008%$288K$1.8M10xas long as short
Binance AAPLUSDT0.0000%8h339.73+0.017%$22.1M$67.6M25xas long as short
Bybit AAPLUSDT0.0000%8h339.74+0.021%$5.8M$92.2M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.74+0.021%$6.3M$6.9M25xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate AAPL_USDT0.0000%8h339.52−0.044%$3.0M$4.8M100xas long as short
Bitget AAPLUSDT0.0000%8h339.82+0.044%$6.2M$3.5M100xas long as short
Variational Omni AAPL0.0000%8h339.75+0.025%$2.4M$1.4Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h339.81+0.041%$16K$411K10xas long as short
SunX AAPL-USDT0.0000%8h339.70+0.009%$717$4.6M20xas long as short
HTX AAPL-USDT0.0000%8h339.79+0.035%$62K$244K30xas long as short
Phemex AAPLUSDT0.0000%4h339.81+0.041%$2.1M$7K10xas long as short
QFEX AAPL-USDlong+0.0020%1h339.67long leg$3.3M$4.4M10x
Lighter AAPL+0.0032%1h339.66−0.003%$904K$2.6M20xas long as short
Lighter RH AAPL+0.0032%1h339.66−0.003%$945K$3.7M20xas long as short
Arcus AAPL-USD+0.0040%1h339.59−0.024%$267K$60K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h339.57−0.029%$45K25xas long as short
Coinbase International AAPL-PERP-INTXshort+0.0048%1h339.55−0.035%$660K$662K10x
tradeXYZ xyz:AAPL+0.0050%1h339.66−0.003%$40.6M$76.6M20xas long as short
Polymarket Perps AAPL-USD+0.0050%1h339.66−0.003%$278K$408K10xas long as short
SoDEX AAPL-USD+0.0050%1h339.65−0.006%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h339.53−0.041%$1.3M$2.5M20xas long as short
KuCoin AAPLUSDTM+0.0097%8h339.53−0.041%$1.4M$39K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h339.670.000%$949K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.69+0.006%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h339.68+0.003%$11K$10210xas long as short
Phoenix AAPL+0.0212%1h339.85+0.053%$5K$11K20xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.51−0.047%$191K$44K30xas long as short