Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.007%

Price spread now: Gate against QFEX−0.056%7-day average −0.017% · 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−$42as in the Price arb table

costs, in and out, $10k−$380.382% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.016%−$2 on $10k

Price spread, last 7 days+0.040%+$4 · spread now −0.056%, 7d avg −0.017%

Together, before fees+0.024%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.039% cheaper against QFEX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.017%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX AAPL-USD	338.79	0.0030	pay 0.0004% / 1h	55m 43s	$3.2M	$4.6M	10x
Short	Gate AAPL_USDT	338.60	0	get 0.0000% / 8h	3h 55m	$3.0M	$4.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.056%Rate

Funding earned: −$6.35
Price spread: −0.056% → −0.017%: −$3.92
Slippage, 4 orders: −$13.16
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$48.43
Costs to cover: 0.382%
Break-even: never at this rate

Slippage from QFEX: live order book, 3 min ago; Gate: live order book, 3 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, 3 min ago	1.33 bp	6.3 bp −$6	7.9 bp −$79	13.8 bp −$1,376	doesn't fit
Sell Gate live order book, 3 min ago	0.89 bp	12.1 bp −$12	27.0 bp −$270	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 AAPLUSDC	−0.0497%	4h	338.78	−0.004%	$81K	$325K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0104%	1h	338.58	−0.062%	$28K	$67K	10x	as long as short
Nado AAPL-PERP	−0.0073%	1h	338.76	−0.008%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.76	−0.010%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.77	−0.005%	$284K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.85	+0.018%	$21.9M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.83	+0.012%	$5.9M	$54.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.86	+0.021%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDTshort	0.0000%	8h	338.60	−0.056%	$3.0M	$4.2M	100x
Bitget AAPLUSDT	0.0000%	8h	338.92	+0.038%	$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	338.83	+0.013%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.83	+0.011%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.83	+0.012%	$610	$4.6M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	338.84	+0.015%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.83	+0.012%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0019%	8h	338.83	+0.012%	$341K	$168K	20x	as long as short
QFEX AAPL-USDlong	+0.0030%	1h	338.79	long leg	$3.2M	$4.6M	10x
Lighter AAPL	+0.0032%	1h	338.72	−0.021%	$782K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.74	−0.015%	$944K	$3.6M	20x	as long as short
Hotstuff AAPL-PERP	+0.0040%	1h	338.68	−0.032%	$36K	—	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.71	−0.024%	$266K	$66K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.64	−0.044%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.71	−0.024%	$40.5M	$76.0M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.70	−0.027%	$278K	$405K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.69	−0.030%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.58	−0.062%	$1.3M	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	338.78	−0.003%	$659K	$652K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.63	−0.047%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.64	−0.044%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.70	−0.027%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.71	−0.023%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.26	+0.139%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	338.80	+0.003%	$5K	$11K	20x	as long as short