Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0049%/8h= −5.3% APRpaid last 24h −0.004%

Price spread now: OKX against QFEX−0.015%54s7-day average +0.005% · 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—prices read too far apart to compare

costs, in and out, $10k−$250.253% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.008%−$1 on $10k

Price spread, last 7 days−0.044%−$4 · spread now −0.015%, 7d avg +0.005%

Together, before fees−0.052%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX AAPL-USD	339.05	0.0049	pay 0.0006% / 1h	3m 45s	$3.2M	$5.0M	10x
Short	OKX AAPL-USDT-SWAP	339.00	0	get 0.0000% / 8h	2h 03m	$6.6M	$6.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$10.21
Price spread: −0.015% → +0.005%: −$1.98
Slippage, 4 orders: −$5.34
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$37.53
Costs to cover: 0.253%
Break-even: never at this rate

Slippage from QFEX: live order book, 10 min ago; OKX: live order book, 4 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, 10 min ago	1.18 bp	6.2 bp −$6	6.9 bp −$69	11.8 bp −$1,181	doesn't fit
Sell OKX live order book, 4 min ago	0.15 bp	5.8 bp −$6	11.9 bp −$119	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	−0.0706%	4h	339.06	+0.004%	$81K	$325K	20x	as long as short
BloFin AAPL-USDT	−0.0016%	8h	339.05	0.000%	$353K	$165K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.08	+0.009%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.00	−0.014%	$284K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.04	−0.003%	$22.3M	$67.3M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.07	+0.006%	$6.2M	$24.9M	100x	as long as short
OKX AAPL-USDT-SWAPshort	0.0000%	8h	339.00	−0.015%	$6.6M	$6.9M	25x
Gate AAPL_USDT	0.0000%	8h	338.84	−0.062%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.05	0.000%	$6.2M	$3.3M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.06	+0.001%	$2.5M	$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	339.01	−0.010%	$14K	$510K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.05	0.000%	$529	$4.8M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.79	−0.077%	$28K	$65K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.15	+0.029%	$53K	$223K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.14	+0.027%	$2.1M	$7K	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.92	−0.037%	$761K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.97	−0.024%	$973K	$3.9M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.67	−0.112%	—	$53K	25x	as long as short
QFEX AAPL-USDlong	+0.0049%	1h	339.05	long leg	$3.2M	$5.0M	10x
Polymarket Perps AAPL-USD	+0.0050%	1h	338.76	−0.086%	$271K	$384K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.00	−0.015%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.74	−0.091%	$1.4M	$2.4M	20x	as long as short
Nado AAPL-PERP	+0.0088%	1h	338.76	−0.086%	$556K	$35K	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.77	−0.083%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.70	−0.103%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.95	−0.029%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.01	−0.013%	$11K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0128%	1h	338.99	−0.018%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0144%	1h	339.00	−0.015%	$661K	$675K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.41	+0.106%	$191K	$44K	30x	as long as short
tradeXYZ xyz:AAPL	+0.0222%	1h	338.99	−0.018%	$40.9M	$77.1M	20x	as long as short
Phoenix AAPL	+0.0283%	1h	339.13	+0.024%	$2K	$12K	20x	as long as short
Arcus AAPL-USD	+0.0310%	1h	338.97	−0.024%	$270K	$69K	20x	as long as short