Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1010%/8h= −110.6% APRpaid last 24h −0.221%

Price spread now: edgeX against QFEX−0.025%7-day average +0.004% · 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−$37as in the Price arb table

costs, in and out, $10k−$340.341% of the position

Long on QFEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.579%−$58 on $10k

Price spread, last 4 days (all we have)+0.103%+$10 · spread now −0.025%, 7d avg +0.004%

Together, before fees−0.476%+ Points / potential airdropedgeX: Active · farm board−$48 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and edgeX is 0.030% cheaper against QFEX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.004%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX AAPL-USD	338.97	0.0031	pay 0.0004% / 1h	24m 40s	$3.2M	$4.7M	10x
Short	edgeX AAPLUSDC	338.89	−0.0979	pay 0.0490% / 4h	24m 40s	$81K	$326K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$212.13
Price spread: −0.025% → +0.004%: −$2.95
Slippage, 4 orders: −$15.15
Fee QFEX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$249.23
Costs to cover: 0.341%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; edgeX: live order book, 34 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, 4 min ago	1.77 bp	6.8 bp −$7	7.9 bp −$79	13.9 bp −$1,385	doesn't fit
Sell edgeX live order book, 34 min ago	5.17 bp	10.5 bp −$11	17.8 bp −$178	doesn't fit	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 AAPLUSDCshort	−0.0979%	4h	338.89	−0.025%	$81K	$326K	20x
BloFin AAPL-USDT	−0.0022%	8h	338.96	−0.003%	$342K	$168K	20x	as long as short
Nado AAPL-PERP	−0.0021%	1h	338.85	−0.034%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.86	−0.031%	$122K	$290K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.93	−0.012%	$284K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.01	+0.013%	$22.1M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.96	−0.003%	$5.9M	$39.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.98	+0.003%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.74	−0.068%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.05	+0.024%	$6.2M	$3.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.00	+0.007%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.92	−0.016%	$17K	$425K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.02	+0.015%	$315	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.86	−0.032%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.12	+0.044%	$52K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.99	+0.006%	$2.1M	$7K	10x	as long as short
Hotstuff AAPL-PERP	+0.0024%	1h	338.84	−0.038%	$36K	—	20x	as long as short
QFEX AAPL-USDlong	+0.0031%	1h	338.97	long leg	$3.2M	$4.7M	10x
Lighter AAPL	+0.0032%	1h	338.86	−0.031%	$781K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.91	−0.018%	$947K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.85	−0.035%	$266K	$67K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.74	−0.068%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.88	−0.027%	$40.6M	$75.9M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.86	−0.032%	$278K	$420K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.89	−0.024%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.75	−0.065%	$1.3M	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0080%	1h	338.78	−0.056%	$659K	$663K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.89	−0.024%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.73	−0.071%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.88	−0.027%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.89	−0.023%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.71	−0.077%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	338.99	+0.006%	$5K	$11K	20x	as long as short