Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0059%/8h= −6.4% APRpaid last 24h −0.006%

Price spread now: SunX against QFEX+0.006%7-day average +0.014% · 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−$113as in the Price arb table

costs, in and out, $10k−$1121.122% of the position

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.010%−$1 on $10k

Price spread, last 3 days (all we have)−0.016%−$2 · spread now +0.006%, 7d avg +0.014%

Together, before fees−0.025%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: −$2 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	338.90	0.0059	pay 0.0007% / 1h	54m 57s	$3.2M	$5.1M	10x
Short	SunX AAPL-USDT	338.92	0	get 0.0000% / 8h	7h 54m	$671	$4.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$12.36
Price spread: +0.006% → +0.014%: −$0.79
Slippage, 4 orders: −$94.23
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$125.38
Costs to cover: 1.122%
Break-even: never at this rate

Slippage from QFEX: live order book, 9 min ago; SunX: 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, 9 min ago	1.92 bp	6.9 bp −$7	7.1 bp −$71	11.8 bp −$1,183	doesn't fit
Sell SunX live order book, 3 min ago	44.70 bp	49.2 bp −$49	doesn't fit	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	−0.0585%	4h	338.92	+0.006%	$81K	$325K	20x	as long as short
Nado AAPL-PERP	−0.0116%	1h	338.90	+0.001%	$557K	$36K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.96	+0.017%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.97	+0.021%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.92	+0.006%	$6.5M	$6.6M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.67	−0.068%	$3.0M	$4.2M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.02	+0.035%	$13K	$490K	10x	as long as short
SunX AAPL-USDTshort	0.0000%	8h	338.92	+0.006%	$671	$4.7M	20x
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.80	−0.030%	$28K	$66K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	338.97	+0.021%	$53K	$224K	30x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AAPLUSDT	0.0000%	4h	338.98	+0.024%	$2.1M	$6K	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.79	−0.032%	$770K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.82	−0.024%	$957K	$3.6M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.69	−0.062%	—	$53K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.80	−0.030%	$40.8M	$76.3M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.82	−0.024%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.80	−0.030%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.62	−0.083%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USDlong	+0.0059%	1h	338.90	long leg	$3.2M	$5.1M	10x
Hotstuff AAPL-PERP	+0.0080%	1h	338.90	0.000%	$36K	—	20x	as long as short
Bitget AAPLUSDT	+0.0086%	8h	338.93	+0.009%	$6.2M	$3.4M	100x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.66	−0.071%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.88	−0.006%	$947K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.85	−0.015%	$4K	—	10x	as long as short
Variational Omni AAPL	+0.0104%	8h	338.99	+0.025%	$2.4M	$1.4M	—	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.02	+0.036%	$11K	—	10x	as long as short
Extended AAPL_24_5-USD	+0.0120%	1h	338.85	−0.016%	$285K	$1.5M	10x	as long as short
Binance AAPLUSDT	+0.0124%	8h	338.92	+0.005%	$22.3M	$67.0M	25x	as long as short
BloFin AAPL-USDT	+0.0144%	8h	338.94	+0.012%	$346K	$170K	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	339.03	+0.038%	$660K	$675K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.80	−0.030%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	339.01	+0.032%	$5K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0406%	1h	338.86	−0.012%	$269K	$70K	20x	as long as short