Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h −0.007%

Price spread now: HTX against QFEX+0.056%7-day average +0.036% · 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−$34as in the Price arb table

costs, in and out, $10k−$360.355% of the position

Long on QFEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.056%, 7d avg +0.036%

Together, before fees−0.095%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.036%, 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	339.66	0.0023	pay 0.0003% / 1h	49m 57s	$3.2M	$4.3M	10x
Short	HTX AAPL-USDT	339.85	0	get 0.0000% / 8h	1h 49m	$62K	$245K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$4.8
Price spread: +0.056% → +0.036%: $1.98
Slippage, 4 orders: −$13.54
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$38.36
Costs to cover: 0.355%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; HTX: live order book, 57 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	7.2 bp −$72	12.1 bp −$1,206	doesn't fit
Sell HTX live order book, 57 min ago	2.80 bp	13.2 bp −$13	16.3 bp −$163	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	−0.0856%	4h	339.67	+0.002%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0047%	1h	339.55	−0.033%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.61	−0.015%	$121K	$293K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.65	−0.003%	$288K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.74	+0.022%	$22.1M	$67.7M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.71	+0.015%	$7.0M	$104.3M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.69	+0.009%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.47	−0.056%	$3.0M	$4.9M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.77	+0.032%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.73	+0.019%	$2.4M	$1.4M	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	339.70	+0.012%	$16K	$402K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.73	+0.021%	$659	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.58	−0.024%	$28K	$68K	10x	as long as short
HTX AAPL-USDTshort	0.0000%	8h	339.85	+0.056%	$62K	$245K	30x
Phemex AAPLUSDT	0.0000%	4h	339.74	+0.024%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0009%	8h	339.72	+0.018%	$341K	$168K	20x	as long as short
Hotstuff AAPL-PERP	+0.0016%	1h	339.59	−0.021%	$36K	—	20x	as long as short
QFEX AAPL-USDlong	+0.0023%	1h	339.66	long leg	$3.2M	$4.3M	10x
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.55	−0.032%	$660K	$657K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.64	−0.005%	$908K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.65	−0.003%	$951K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.59	−0.021%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.49	−0.050%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.64	−0.006%	$280K	$416K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.67	+0.003%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.48	−0.053%	$1.3M	$2.4M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0092%	1h	339.66	0.000%	$40.6M	$76.6M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.48	−0.053%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.45	−0.062%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.64	−0.006%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.65	−0.002%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.74	+0.024%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.06	+0.118%	$191K	$44K	30x	as long as short