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
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).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:AAPL | 338.92 | 0.0097 | pay 0.0012% / 1h | 39m 27s | $40.8M | $75.8M | 20x |
| Short | Coinbase International AAPL-PERP-INTX | 338.51 | 0.0136 | get 0.0017% / 1h | 39m 27s | $655K | $665K | 10x |
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 itlatest
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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy tradeXYZ live order book, 10 min ago | 0.44 bp | 9.6 bp −$10 | 12.2 bp −$122 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 29 min ago | 1.77 bp | 9.1 bp −$9 | 11.0 bp −$110 | 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 | −0.0989% | 4h | 338.90 | −0.005% | $81K | $325K | 20x | as long as short |
| Nado AAPL-PERP | −0.0064% | 1h | 338.94 | +0.006% | $555K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.99 | +0.020% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.05 | +0.038% | $6.0M | $39.2M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.11 | +0.056% | $6.4M | $6.7M | 25x | as long as short |
| Hotstuff AAPL-PERP | 0.0000% | 1h | 338.84 | −0.024% | $36K | — | 20x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.79 | −0.038% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.05 | +0.038% | $6.2M | $3.4M | 100x | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 338.93 | +0.003% | $17K | $433K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 338.97 | +0.015% | $800 | $4.7M | 20x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX AAPL-USDT | 0.0000% | 8h | 339.09 | +0.050% | $52K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 338.95 | +0.009% | $2.1M | $6K | 10x | as long as short |
| QFEX AAPL-USD | +0.0028% | 1h | 339.00 | +0.024% | $3.2M | $4.9M | 10x | as long as short |
| Variational Omni AAPL | +0.0031% | 8h | 338.95 | +0.010% | $2.4M | $1.4M | — | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.87 | −0.015% | $744K | $2.3M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 338.91 | −0.003% | $954K | $3.5M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 338.85 | −0.021% | $269K | $70K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.79 | −0.038% | — | $45K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.78 | −0.041% | $262K | $395K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.91 | −0.003% | $75K | $3K | 10x | as long as short |
| BloFin AAPL-USDT | +0.0050% | 8h | 338.91 | −0.003% | $347K | $169K | 20x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.77 | −0.044% | $1.4M | $2.4M | 20x | as long as short |
| Binance AAPLUSDT | +0.0063% | 8h | 339.05 | +0.038% | $22.2M | $66.8M | 25x | as long as short |
| Extended AAPL_24_5-USD | +0.0064% | 1h | 338.98 | +0.018% | $284K | $2.0M | 10x | as long as short |
| tradeXYZ xyz:AAPLlong | +0.0097% | 1h | 338.92 | long leg | $40.8M | $75.8M | 20x | |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.72 | −0.059% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.69 | −0.068% | $946K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.86 | −0.018% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.85 | −0.020% | $11K | — | 10x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | +0.0104% | 1h | 338.93 | +0.003% | $28K | $67K | 10x | as long as short |
| Coinbase International AAPL-PERP-INTXshort | +0.0136% | 1h | 338.51 | −0.121% | $655K | $665K | 10x | |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.71 | −0.062% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0236% | 1h | 338.98 | +0.018% | $5K | $11K | 20x | as long as short |
tradeXYZ xyz:AAPL
Coinbase International AAPL-PERP-INTX
edgeX AAPLUSDC
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
Variational Omni AAPL
Lighter AAPL
Lighter RH AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
BloFin AAPL-USDT
Binance AAPLUSDT
Extended AAPL_24_5-USD
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Deribit AAPL_USDC-PERPETUAL
Injective AAPL/USDC PERP
Phoenix AAPL