Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.016%

Price spread now: HTX against tradeXYZ+0.071%7-day average +0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$370.374% of the position

Long on tradeXYZ Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.015%−$1 · spread now +0.071%, 7d avg +0.103%

Together, before fees−0.006%+ Points / potential airdroptradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and HTX is 0.033% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.103%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AAPL	339.50	0.0084	pay 0.0010% / 1h	43m 49s	$40.5M	$76.6M	20x
Short	HTX AAPL-USDT	339.74	0	get 0.0000% / 8h	5h 43m	$62K	$242K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$17.58
Price spread: +0.071% → +0.103%: −$3.28
Slippage, 4 orders: −$7.43
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$58.28
Costs to cover: 0.374%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 9 min ago; HTX: live order book, 1 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, 9 min ago	0.15 bp	9.4 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	2.80 bp	8.8 bp −$9	14.8 bp −$148	doesn't fit	doesn't fit

AAPL on 33 exchanges

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
Hotstuff AAPL-PERP	−0.1600%	1h	338.47	−0.303%	$36K	—	20x	as long as short
edgeX AAPLUSDC	−0.0050%	4h	339.47	−0.010%	$81K	$328K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.55	+0.015%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.53	+0.008%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.66	+0.047%	$22.1M	$67.2M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.54	+0.012%	$6.7M	$282.3M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.60	+0.029%	$6.3M	$6.7M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.47	−0.009%	$3.0M	$7.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.69	+0.056%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.56	+0.019%	$2.5M	$1.3M	—	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	339.58	+0.024%	$13K	$336K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.60	+0.029%	$649	$4.2M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.43	−0.021%	$28K	$70K	10x	as long as short
HTX AAPL-USDTshort	0.0000%	8h	339.74	+0.071%	$62K	$242K	30x
Phemex AAPLUSDT	0.0000%	4h	339.65	+0.044%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0002%	8h	339.58	+0.024%	$349K	$165K	20x	as long as short
QFEX AAPL-USD	+0.0026%	1h	339.50	0.000%	$3.2M	$4.2M	10x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.52	+0.006%	$1.0M	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.38	−0.035%	$267K	$52K	20x	as long as short
Nado AAPL-PERP	+0.0041%	1h	339.47	−0.009%	$556K	$29K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.33	−0.050%	—	$45K	25x	as long as short
Lighter AAPL	+0.0048%	1h	339.54	+0.011%	$929K	$2.5M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.50	0.000%	$279K	$347K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.47	−0.009%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.30	−0.059%	$1.3M	$2.1M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0080%	1h	339.77	+0.080%	$660K	$654K	10x	as long as short
tradeXYZ xyz:AAPLlong	+0.0084%	1h	339.50	long leg	$40.5M	$76.6M	20x
KuCoin AAPLUSDTM	+0.0100%	8h	339.42	−0.024%	$1.4M	$163K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.40	−0.029%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.46	−0.012%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.47	−0.010%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.16	+0.194%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0235%	1h	339.56	+0.018%	$5K	$12K	20x	as long as short