Settings8H · net · $10k
Funding arb · Price arb /

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.036%
Price spread now: KuCoin against SunX−0.068%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$445as in the Funding arb table
Net, price: spread back to 7d avg − costs−$446as in the Price arb table
costs, in and out, $10k−$4454.454% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.008%+$1 on $10k
Price spread, last 3 days (all we have)+0.020%+$2 · spread now −0.068%, 7d avg −0.066%
Together, before fees+0.028%+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.066%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX AAPL-USDT339.060get 0.0000% / 8h23m 16s$363$4.8M20x
ShortKuCoin AAPLUSDTM338.830.0100get 0.0100% / 8h23m 16s$1.4M$27K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against SunX. 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

Funding earned
$21
Price spread: −0.068% → −0.066%
−$0.22
Slippage, 4 orders
−$425.42
Fee SunX: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$424.64
Costs to cover
4.454%
Break-even
148.5 days
Slippage from SunX: live order book, 5 min ago; KuCoin: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 5 min ago44.68 bp49.2 bp −$49doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago6.34 bp86.7 bp −$87doesn't fitdoesn't fitdoesn't fit

AAPL on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX AAPLUSDC−0.0702%4h339.01−0.016%$81K$325K20xas long as short
Aster AAPLUSDT0.0000%8h339.02−0.012%$122K$291K20xas long as short
Bybit AAPLUSDT0.0000%8h339.07+0.003%$6.0M$39.2M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.00−0.018%$6.5M$6.8M25xas long as short
Gate AAPL_USDT0.0000%8h338.81−0.074%$3.0M$4.2M100xas long as short
SunX AAPL-USDTlong0.0000%8h339.06long leg$363$4.8M20x
Deribit AAPL_USDC-PERPETUAL0.0000%1h338.69−0.109%$28K$66K10xas long as short
HTX AAPL-USDT0.0000%8h339.19+0.038%$53K$224K30xas long as short
Phemex AAPLUSDT0.0000%4h339.05−0.003%$2.1M$7K10xas long as short
GRVT AAPL_USDT_Perp+0.0021%8h339.08+0.005%$14K$498K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH AAPL+0.0032%1h338.97−0.027%$966K$3.8M20xas long as short
Vest AAPL-USD-PERP+0.0046%1h338.71−0.103%$53K25xas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.87−0.056%$265K$394K10xas long as short
SoDEX AAPL-USD+0.0050%1h338.93−0.038%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.78−0.083%$1.4M$2.4M20xas long as short
Bitget AAPLUSDT+0.0064%8h339.05−0.003%$6.2M$3.5M100xas long as short
QFEX AAPL-USD+0.0064%1h339.05−0.003%$3.2M$5.1M10xas long as short
Lighter AAPL+0.0072%1h338.93−0.040%$772K$2.4M20xas long as short
Variational Omni AAPL+0.0081%8h339.05−0.004%$2.4M$1.4Mas long as short
Hotstuff AAPL-PERP+0.0088%1h338.92−0.041%$36K20xas long as short
BloFin AAPL-USDT+0.0099%8h339.05−0.003%$350K$167K20xas long as short
KuCoin AAPLUSDTMshort+0.0100%8h338.83−0.068%$1.4M$27K20x
ApeX Omni AAPLUSDT+0.0100%1h338.77−0.086%$946K$10.9M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h338.97−0.027%$4K10xas long as short
Extended AAPL_24_5-USD+0.0104%1h338.98−0.022%$285K$1.5M10xas long as short
Aevo AAPL-PERP+0.0104%1h339.00−0.016%$11K10xas long as short
Binance AAPLUSDT+0.0107%8h339.060.000%$22.4M$67.0M25xas long as short
Nado AAPL-PERP+0.0119%1h338.78−0.084%$556K$33K20xas long as short
tradeXYZ xyz:AAPL+0.0186%1h338.92−0.041%$40.8M$76.2M20xas long as short
Coinbase International AAPL-PERP-INTX+0.0192%1h339.03−0.009%$660K$676K10xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.50+0.130%$191K$44K30xas long as short
Phoenix AAPL+0.0330%1h339.02−0.012%$5K$8K20xas long as short
Arcus AAPL-USD+0.0397%1h338.93−0.038%$269K$70K20xas long as short