Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h +0.020%

Price spread now: BloFin against tradeXYZ+0.038%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$330.331% of the position

Long on tradeXYZ Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.132%+$13 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now +0.038%, 7d avg +0.095%

Together, before fees+0.179%+ Points / potential airdroptradeXYZ: Active · farm board+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.057% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.095%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.132%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AAPL	338.79	0.0054	pay 0.0007% / 1h	36m 36s	$40.5M	$75.9M	20x
Short	BloFin AAPL-USDT	338.92	−0.0007	pay 0.0007% / 8h	4h 36m	$341K	$168K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$12.64
Price spread: +0.038% → +0.095%: −$5.66
Slippage, 4 orders: −$3.08
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$51.37
Costs to cover: 0.331%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 3 min ago; BloFin: live order book, 63 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, 3 min ago	0.15 bp	9.1 bp −$9	12.4 bp −$124	doesn't fit	doesn't fit
Sell BloFin live order book, 63 min ago	0.15 bp	7.9 bp −$8	10.1 bp −$101	21.6 bp −$2,157	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	−0.0183%	4h	338.86	+0.020%	$81K	$326K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0134%	1h	338.63	−0.047%	$28K	$67K	10x	as long as short
Nado AAPL-PERP	−0.0022%	1h	338.80	+0.004%	$554K	$38K	20x	as long as short
BloFin AAPL-USDTshort	−0.0007%	8h	338.92	+0.038%	$341K	$168K	20x
Aster AAPLUSDT	0.0000%	8h	338.81	+0.006%	$122K	$290K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.85	+0.016%	$286K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.93	+0.041%	$22.2M	$67.0M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.86	+0.021%	$5.9M	$39.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.94	+0.044%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.69	−0.030%	$3.0M	$4.2M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	339.00	+0.062%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	338.94	+0.043%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.89	+0.030%	$17K	$425K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.93	+0.041%	$444	$4.6M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.05	+0.077%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.94	+0.044%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0031%	1h	338.88	+0.027%	$3.2M	$4.8M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.80	+0.004%	$780K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.84	+0.015%	$947K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.81	+0.006%	$266K	$67K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.72	−0.021%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.74	−0.015%	$278K	$420K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.80	+0.003%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.68	−0.032%	$1.3M	$2.5M	20x	as long as short
tradeXYZ xyz:AAPLlong	+0.0054%	1h	338.79	long leg	$40.5M	$75.9M	20x
Coinbase International AAPL-PERP-INTX	+0.0080%	1h	338.78	−0.003%	$659K	$664K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.83	+0.012%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.76	−0.009%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.82	+0.009%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.82	+0.010%	$11K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0128%	1h	338.79	0.000%	$36K	—	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.64	−0.044%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	338.89	+0.030%	$5K	$11K	20x	as long as short