Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0219%/8h= −23.9% APRpaid last 24h −0.006%

Price spread now: Aster against tradeXYZ+0.035%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$650.646% of the position

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now +0.035%, 7d avg +0.096%

Together, before fees+0.064%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Aster is 0.061% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.096%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.033% in total (about 1.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AAPL	339.13	0.0219	pay 0.0027% / 1h	49m 20s	$41.0M	$77.0M	20x
Short	Aster AAPLUSDT	339.25	0	get 0.0000% / 8h	1h 49m	$122K	$291K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$45.91
Price spread: +0.035% → +0.096%: −$6.07
Slippage, 4 orders: −$38.63
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$116.61
Costs to cover: 0.646%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 10 min ago; Aster: live order book, 33 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 tradeXYZ live order book, 10 min ago	0.15 bp	9.6 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 33 min ago	2.06 bp	18.4 bp −$18	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	−0.0903%	4h	339.25	+0.035%	$81K	$326K	20x	as long as short
Aster AAPLUSDTshort	0.0000%	8h	339.25	+0.035%	$122K	$291K	20x
Extended AAPL_24_5-USD	0.0000%	1h	339.18	+0.014%	$284K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.23	+0.029%	$22.4M	$67.5M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.27	+0.041%	$6.1M	$28.5M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.16	+0.009%	$6.6M	$7.0M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.96	−0.050%	$3.0M	$4.1M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.22	+0.027%	$6.2M	$3.4M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.29	+0.046%	$2.4M	$1.5M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.22	+0.028%	$14K	$498K	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-USDT	0.0000%	8h	339.21	+0.024%	$658	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.31	+0.053%	$53K	$223K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.26	+0.038%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0018%	8h	339.26	+0.038%	$353K	$168K	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.16	+0.009%	$969K	$3.8M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.90	−0.068%	—	$53K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.96	−0.050%	$264K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.12	−0.003%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.79	−0.100%	$1.5M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	339.15	+0.006%	$3.2M	$5.1M	10x	as long as short
Lighter AAPL	+0.0064%	1h	339.12	−0.002%	$769K	$2.5M	20x	as long as short
Hotstuff AAPL-PERP	+0.0088%	1h	339.13	0.000%	$36K	—	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.98	−0.044%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.89	−0.071%	$947K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.15	+0.006%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.16	+0.010%	$11K	—	10x	as long as short
Nado AAPL-PERP	+0.0107%	1h	338.97	−0.047%	$557K	$35K	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	338.93	−0.059%	$659K	$675K	10x	as long as short
tradeXYZ xyz:AAPLlong	+0.0219%	1h	339.13	long leg	$41.0M	$77.0M	20x
Injective AAPL/USDC PERP	+0.0220%	1h	339.66	+0.156%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0354%	1h	339.29	+0.047%	$2K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0364%	1h	339.19	+0.018%	$270K	$70K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0370%	1h	339.16	+0.009%	$28K	$65K	10x	as long as short