Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h +0.007%

Price spread now: QFEX against SunX−0.024%7-day average −0.014% · 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−$182as in the Price arb table

costs, in and out, $10k−$1811.813% of the position

Long on SunX Short on QFEX

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)+0.023%+$2 · spread now −0.024%, 7d avg −0.014%

Together, before fees+0.037%+$4 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: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAPL-USDT	340.06	0	get 0.0000% / 8h	7h 51m	$796	$4.4M	20x
Short	QFEX AAPL-USD	339.98	0.0010	get 0.0001% / 1h	51m 42s	$3.2M	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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

Position, each leg$Hold fordaysFee SunXbpFee QFEXbpOrdersPrice spread, now −0.024%Rate

Funding earned: $2.02
Price spread: −0.024% → −0.014%: −$0.96
Slippage, 4 orders: −$163.31
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$180.26
Costs to cover: 1.813%
Break-even: 632.9 days

Slippage from SunX: live order book, 7 min ago; QFEX: live order book, 7 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 SunX live order book, 7 min ago	79.91 bp	84.3 bp −$84	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	1.32 bp	6.3 bp −$6	8.2 bp −$82	13.5 bp −$1,354	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	−0.0221%	4h	339.87	−0.057%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0016%	1h	339.93	−0.039%	$557K	$36K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.94	−0.035%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.97	−0.025%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	340.06	0.000%	$22.2M	$67.4M	25x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	340.05	−0.003%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.90	−0.047%	$3.0M	$5.6M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	340.06	0.000%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.93	−0.040%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.82	−0.071%	$13K	$349K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AAPL-USDTlong	0.0000%	8h	340.06	long leg	$796	$4.4M	20x
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.88	−0.053%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	340.09	+0.009%	$62K	$244K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	340.08	+0.006%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USDshort	+0.0010%	1h	339.98	−0.024%	$3.2M	$4.2M	10x
BloFin AAPL-USDT	+0.0019%	8h	340.00	−0.018%	$345K	$167K	20x	as long as short
Bybit AAPLUSDT	+0.0023%	8h	340.15	+0.026%	$6.4M	$178.7M	100x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.92	−0.041%	$663K	$658K	10x	as long as short
Lighter AAPL	+0.0032%	1h	340.02	−0.010%	$932K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	340.00	−0.018%	$956K	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.96	−0.029%	$267K	$59K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.79	−0.079%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.82	−0.071%	$279K	$400K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	340.02	−0.012%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.87	−0.056%	$1.3M	$2.4M	20x	as long as short
Hotstuff AAPL-PERP	+0.0064%	1h	339.90	−0.047%	$36K	—	20x	as long as short
tradeXYZ xyz:AAPL	+0.0076%	1h	340.01	−0.015%	$40.4M	$76.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.88	−0.053%	$1.4M	$60K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.84	−0.065%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.95	−0.032%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.96	−0.030%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.94	−0.035%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.70	+0.188%	$192K	$44K	30x	as long as short