Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.051%

Price spread now: KuCoin against SoDEX−0.032%53s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. KuCoin is 0.032% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.2 days of funding at the current rate (+$2 a day). The two prices were read 53 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	SoDEX AAPL-USD	338.88	0.0050	pay 0.0006% / 1h	15m 23s	$75K	$3K	10x
Short	KuCoin AAPLUSDTM	338.77	0.0100	get 0.0100% / 8h	15m 23s	$1.4M	$27K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. 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 SoDEXbpFee KuCoinbpOrdersPrice spread, now −0.032%Rate

Funding earned: $10.5
Price spread: −0.032% → 0.000%: −$3.25
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$12.75
Costs to cover: 0.200%
Break-even: 15.5 days

Slippage unknown: SoDEX: no order-book sample; KuCoin: live order book, 5 min ago. Net counts fees only.

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 SoDEX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 5 min ago	5.75 bp	56.8 bp −$57	doesn't fit	doesn't fit	doesn't fit

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0045%	4h	338.96	+0.023%	$81K	$327K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.99	+0.032%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.05	+0.050%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.01	+0.038%	$6.5M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.84	−0.012%	$3.0M	$4.2M	100x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.04	+0.047%	$614	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.10	+0.065%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.07	+0.056%	$2.1M	$7K	10x	as long as short
GRVT AAPL_USDT_Perp	+0.0023%	8h	339.04	+0.047%	$14K	$498K	10x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.96	+0.024%	$964K	$3.8M	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AAPL-USD-PERP	+0.0046%	1h	338.66	−0.065%	—	$53K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.89	+0.003%	$265K	$394K	10x	as long as short
SoDEX AAPL-USDlong	+0.0050%	1h	338.88	long leg	$75K	$3K	10x
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.76	−0.035%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0064%	1h	338.97	+0.027%	$3.2M	$5.1M	10x	as long as short
Lighter AAPL	+0.0072%	1h	338.91	+0.009%	$772K	$2.4M	20x	as long as short
Bitget AAPLUSDT	+0.0076%	8h	339.04	+0.047%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	+0.0093%	8h	339.04	+0.046%	$2.4M	$1.4M	—	as long as short
Hotstuff AAPL-PERP	+0.0096%	1h	338.93	+0.015%	$36K	—	20x	as long as short
KuCoin AAPLUSDTMshort	+0.0100%	8h	338.77	−0.032%	$1.4M	$27K	20x
ApeX Omni AAPLUSDT	+0.0100%	1h	338.65	−0.068%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.93	+0.015%	$4K	—	10x	as long as short
BloFin AAPL-USDT	+0.0100%	8h	339.02	+0.041%	$348K	$170K	20x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.98	+0.030%	$11K	—	10x	as long as short
Extended AAPL_24_5-USD	+0.0112%	1h	338.95	+0.022%	$285K	$1.5M	10x	as long as short
Binance AAPLUSDT	+0.0116%	8h	339.03	+0.043%	$22.4M	$67.0M	25x	as long as short
Nado AAPL-PERP	+0.0119%	1h	338.76	−0.035%	$556K	$33K	20x	as long as short
tradeXYZ xyz:AAPL	+0.0187%	1h	338.89	+0.003%	$40.8M	$76.3M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0192%	1h	339.03	+0.044%	$660K	$676K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.50	+0.183%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	339.02	+0.041%	$5K	$8K	20x	as long as short
Arcus AAPL-USD	+0.0397%	1h	338.87	−0.003%	$269K	$70K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0399%	1h	338.98	+0.030%	$28K	$66K	10x	as long as short