Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0206%/8h= −22.5% APRpaid last 24h −0.006%

Price spread now: Gate against tradeXYZ−0.038%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$460.456% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 7 days+0.064%+$6 · spread now −0.038%, 7d avg +0.046%

Together, before fees+0.084%+ Points / potential airdroptradeXYZ: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.084% cheaper against tradeXYZ than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.046%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.019% in total (about 1.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AAPL	339.00	0.0206	pay 0.0026% / 1h	47m 40s	$40.9M	$77.0M	20x
Short	Gate AAPL_USDT	338.87	0	get 0.0000% / 8h	1h 47m	$3.0M	$4.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.038%Rate

Funding earned: −$43.22
Price spread: −0.038% → +0.046%: −$8.42
Slippage, 4 orders: −$12.63
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$97.27
Costs to cover: 0.456%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 12 min ago; Gate: live order book, 5 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, 12 min ago	0.15 bp	9.6 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.92 bp	12.5 bp −$13	23.9 bp −$239	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	−0.0903%	4h	339.25	+0.073%	$81K	$326K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.18	+0.053%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.05	+0.015%	$284K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.11	+0.034%	$22.3M	$67.5M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.16	+0.047%	$6.1M	$30.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.05	+0.015%	$6.6M	$6.9M	25x	as long as short
Gate AAPL_USDTshort	0.0000%	8h	338.87	−0.038%	$3.0M	$4.2M	100x
Bitget AAPLUSDT	0.0000%	8h	339.11	+0.032%	$6.2M	$3.4M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.29	+0.084%	$2.4M	$1.5M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.22	+0.066%	$14K	$498K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AAPL-USDT	0.0000%	8h	339.21	+0.062%	$658	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.20	+0.059%	$53K	$223K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.19	+0.056%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0018%	8h	339.26	+0.077%	$353K	$168K	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.07	+0.021%	$970K	$3.8M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.91	−0.027%	—	$53K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.90	−0.029%	$265K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.99	−0.003%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.70	−0.088%	$1.5M	$2.4M	20x	as long as short
Lighter AAPL	+0.0056%	1h	339.01	+0.003%	$768K	$2.5M	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	339.15	+0.044%	$3.2M	$5.1M	10x	as long as short
Hotstuff AAPL-PERP	+0.0088%	1h	339.13	+0.038%	$36K	—	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.90	−0.029%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.89	−0.032%	$947K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.00	0.000%	$4K	—	10x	as long as short
Nado AAPL-PERP	+0.0103%	1h	338.89	−0.031%	$556K	$35K	20x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.04	+0.011%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	338.93	−0.021%	$659K	$675K	10x	as long as short
tradeXYZ xyz:AAPLlong	+0.0206%	1h	339.00	long leg	$40.9M	$77.0M	20x
Injective AAPL/USDC PERP	+0.0220%	1h	339.66	+0.195%	$191K	$44K	30x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0252%	1h	339.03	+0.009%	$28K	$65K	10x	as long as short
Phoenix AAPL	+0.0354%	1h	339.29	+0.086%	$2K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0364%	1h	339.02	+0.006%	$270K	$70K	20x	as long as short