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

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.05 per $10,000 · paid last 24h +0.011%
Price spread now: Coinbase International against tradeXYZ−0.121%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$370.365% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.072%+$7 on $10k
Price spread, last 3 days (all we have)+0.221%+$22 · spread now −0.121%, 7d avg +0.026%
Together, before fees+0.293%+ Points / potential airdroptradeXYZ: Active · farm board+$29 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.147% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.121% now, against its 7-day average of +0.026%). If the spread goes back, that is −$15 on $10k: about 12 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:AAPL338.920.0097pay 0.0012% / 1h39m 27s$40.8M$75.8M20x
ShortCoinbase International AAPL-PERP-INTX338.510.0136get 0.0017% / 1h39m 27s$655K$665K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$8.29
Price spread: −0.121% → +0.026%
−$14.71
Slippage, 4 orders
−$8.53
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$42.95
Costs to cover
0.365%
Break-even
43.3 days
Slippage from tradeXYZ: live order book, 10 min ago; Coinbase International: live order book, 29 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 tradeXYZ live order book, 10 min ago0.44 bp9.6 bp −$1012.2 bp −$122doesn't fitdoesn't fit
Sell Coinbase International live order book, 29 min ago1.77 bp9.1 bp −$911.0 bp −$110doesn'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−0.0989%4h338.90−0.005%$81K$325K20xas long as short
Nado AAPL-PERP−0.0064%1h338.94+0.006%$555K$38K20xas long as short
Aster AAPLUSDT0.0000%8h338.99+0.020%$122K$291K20xas long as short
Bybit AAPLUSDT0.0000%8h339.05+0.038%$6.0M$39.2M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.11+0.056%$6.4M$6.7M25xas long as short
Hotstuff AAPL-PERP0.0000%1h338.84−0.024%$36K20xas long as short
Gate AAPL_USDT0.0000%8h338.79−0.038%$3.0M$4.2M100xas long as short
Bitget AAPLUSDT0.0000%8h339.05+0.038%$6.2M$3.4M100xas long as short
GRVT AAPL_USDT_Perp0.0000%8h338.93+0.003%$17K$433K10xas long as short
SunX AAPL-USDT0.0000%8h338.97+0.015%$800$4.7M20xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX AAPL-USDT0.0000%8h339.09+0.050%$52K$225K30xas long as short
Phemex AAPLUSDT0.0000%4h338.95+0.009%$2.1M$6K10xas long as short
QFEX AAPL-USD+0.0028%1h339.00+0.024%$3.2M$4.9M10xas long as short
Variational Omni AAPL+0.0031%8h338.95+0.010%$2.4M$1.4Mas long as short
Lighter AAPL+0.0032%1h338.87−0.015%$744K$2.3M20xas long as short
Lighter RH AAPL+0.0032%1h338.91−0.003%$954K$3.5M20xas long as short
Arcus AAPL-USD+0.0040%1h338.85−0.021%$269K$70K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h338.79−0.038%$45K25xas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.78−0.041%$262K$395K10xas long as short
SoDEX AAPL-USD+0.0050%1h338.91−0.003%$75K$3K10xas long as short
BloFin AAPL-USDT+0.0050%8h338.91−0.003%$347K$169K20xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.77−0.044%$1.4M$2.4M20xas long as short
Binance AAPLUSDT+0.0063%8h339.05+0.038%$22.2M$66.8M25xas long as short
Extended AAPL_24_5-USD+0.0064%1h338.98+0.018%$284K$2.0M10xas long as short
tradeXYZ xyz:AAPLlong+0.0097%1h338.92long leg$40.8M$75.8M20x
KuCoin AAPLUSDTM+0.0100%8h338.72−0.059%$1.4M$27K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h338.69−0.068%$946K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h338.86−0.018%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h338.85−0.020%$11K10xas long as short
Deribit AAPL_USDC-PERPETUAL+0.0104%1h338.93+0.003%$28K$67K10xas long as short
Coinbase International AAPL-PERP-INTXshort+0.0136%1h338.51−0.121%$655K$665K10x
Injective AAPL/USDC PERP+0.0220%1h338.71−0.062%$191K$44K30xas long as short
Phoenix AAPL+0.0236%1h338.98+0.018%$5K$11K20xas long as short