Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.012%
Price spread now: Bybit against tradeXYZ+0.015%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$310.314% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 7 days+0.040%+$4 · spread now +0.015%, 7d avg +0.081%
=Together, before fees+0.042%+ Points / potential airdroptradeXYZ: Active · farm board+$4 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 Bybit is 0.066% cheaper against tradeXYZ than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.081%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:AAPL | 339.77 | 0.0050 | pay 0.0006% / 1h | 35m 29s | $40.6M | $76.1M | 20x |
| Short | Bybit AAPLUSDT | 339.82 | 0 | get 0.0000% / 8h | 35m 29s | $7.4M | $138.5M | 100x |
tradeXYZ xyz:AAPL
Bybit AAPLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against tradeXYZ. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.5
- Price spread: +0.015% → +0.081%
- −$6.64
- Slippage, 4 orders
- −$2.37
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$48.51
- Costs to cover
- 0.314%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago | 0.29 bp | 10.1 bp −$10 | 12.8 bp −$128 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.15 bp | 5.6 bp −$6 | 5.8 bp −$58 | 17.9 bp −$1,794 | 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 | −0.0920% | 4h | 339.68 | −0.026% | $81K | $327K | 20x | as long as short |
| Nado AAPL-PERP | −0.0163% | 1h | 339.80 | +0.008% | $556K | $37K | 20x | as long as short |
| Hotstuff AAPL-PERP | −0.0096% | 1h | 339.77 | 0.000% | $36K | — | 20x | as long as short |
| BloFin AAPL-USDT | −0.0008% | 8h | 339.74 | −0.009% | $342K | $167K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.74 | −0.009% | $121K | $292K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.71 | −0.018% | $289K | $2.1M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.82 | +0.014% | $22.1M | $67.5M | 25x | as long as short |
| Bybit AAPLUSDTshort | 0.0000% | 8h | 339.82 | +0.015% | $7.4M | $138.5M | 100x | |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.80 | +0.009% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.63 | −0.041% | $3.0M | $5.4M | 100x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Hotstuff AAPL-PERP
BloFin AAPL-USDT
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AAPLUSDT | 0.0000% | 8h | 339.84 | +0.021% | $6.2M | $3.6M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.74 | −0.010% | $2.5M | $1.2M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.72 | −0.014% | $13K | $410K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.73 | −0.012% | $455 | $4.5M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.63 | −0.041% | $28K | $69K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.79 | +0.006% | $62K | $245K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.78 | +0.003% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USD | +0.0027% | 1h | 339.70 | −0.021% | $3.2M | $4.2M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.75 | −0.005% | $942K | $2.7M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.73 | −0.012% | $950K | $3.5M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.61 | −0.047% | $267K | $60K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.67 | −0.029% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPLlong | +0.0050% | 1h | 339.77 | long leg | $40.6M | $76.1M | 20x | |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.73 | −0.012% | $279K | $424K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.70 | −0.021% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.55 | −0.065% | $1.3M | $2.4M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0064% | 1h | 339.55 | −0.065% | $660K | $661K | 10x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.50 | −0.079% | $1.4M | $39K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.64 | −0.038% | $949K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.60 | −0.050% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.64 | −0.039% | $11K | $102 | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.63 | −0.041% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0259% | 1h | 339.87 | +0.029% | $5K | $12K | 20x | as long as short |
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
QFEX AAPL-USD
Lighter AAPL
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
Coinbase International AAPL-PERP-INTX
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Injective AAPL/USDC PERP
Phoenix AAPL