Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.004%
Price spread now: Extended against tradeXYZ+0.017%7-day average +0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$270.273% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 7 days−0.022%−$2 · spread now +0.017%, 7d avg +0.111%
=Together, before fees−0.004%+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm board$0 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 Extended is 0.093% cheaper against tradeXYZ than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.111%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:AAPL | 339.03 | 0.0050 | pay 0.0006% / 1h | 46m 53s | $40.5M | $76.3M | 20x |
| Short | Extended AAPL_24_5-USD | 339.09 | 0 | get 0.0000% / 1h | 46m 53s | $278K | $1.8M | 10x |
tradeXYZ xyz:AAPL
Extended AAPL_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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: +0.017% → +0.111%
- −$9.33
- Slippage, 4 orders
- −$4.28
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$47.1
- Costs to cover
- 0.273%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 3 min ago; Extended: live order book, 2 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 | 9.7 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 0.15 bp | 3.8 bp −$4 | 13.0 bp −$130 | 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 | −0.0272% | 4h | 339.12 | +0.026% | $81K | $328K | 20x | as long as short |
| Nado AAPL-PERP | −0.0031% | 1h | 339.01 | −0.005% | $555K | $38K | 20x | as long as short |
| BloFin AAPL-USDT | −0.0020% | 8h | 339.16 | +0.038% | $342K | $168K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.05 | +0.005% | $121K | $295K | 20x | as long as short |
| Extended AAPL_24_5-USDshort | 0.0000% | 1h | 339.09 | +0.017% | $278K | $1.8M | 10x | |
| Binance AAPLUSDT | 0.0000% | 8h | 339.18 | +0.044% | $21.9M | $67.1M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.17 | +0.041% | $5.9M | $89.4M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.18 | +0.044% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.97 | −0.018% | $3.0M | $4.6M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.25 | +0.065% | $6.2M | $3.5M | 100x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
BloFin AAPL-USDT
Aster AAPLUSDT
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AAPL | 0.0000% | 8h | 339.25 | +0.063% | $2.4M | $1.3M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.24 | +0.062% | $16K | $411K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.16 | +0.038% | $610 | $4.6M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.98 | −0.015% | $28K | $68K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.31 | +0.083% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.19 | +0.047% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USD | +0.0020% | 1h | 339.08 | +0.015% | $3.2M | $4.4M | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0024% | 1h | 339.02 | −0.003% | $36K | — | 20x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.02 | −0.004% | $835K | $2.5M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.05 | +0.006% | $946K | $3.6M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.02 | −0.003% | $266K | $60K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.94 | −0.027% | — | $45K | 25x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0048% | 1h | 339.08 | +0.015% | $662K | $657K | 10x | as long as short |
| tradeXYZ xyz:AAPLlong | +0.0050% | 1h | 339.03 | long leg | $40.5M | $76.3M | 20x | |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.10 | +0.021% | $277K | $408K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.03 | 0.000% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.90 | −0.038% | $1.3M | $2.5M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.07 | +0.012% | $1.4M | $38K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.97 | −0.018% | $947K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.07 | +0.012% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.06 | +0.010% | $11K | — | 10x | as long as short |
| Phoenix AAPL | +0.0212% | 1h | 339.27 | +0.071% | $5K | $11K | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.95 | −0.024% | $191K | $44K | 30x | as long as short |
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
QFEX AAPL-USD
Hotstuff AAPL-PERP
Lighter AAPL
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
Coinbase International AAPL-PERP-INTX
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Phoenix AAPL
Injective AAPL/USDC PERP