Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.036%

Price spread now: KuCoin against tradeXYZ−0.068%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$251as in the Funding arb table

Net, price: spread back to 7d avg − costs−$263as in the Price arb table

costs, in and out, $10k−$2532.532% of the position

Long on tradeXYZ Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 7 days+0.078%+$8 · spread now −0.068%, 7d avg +0.028%

Together, before fees+0.098%+ Points / potential airdroptradeXYZ: Active · farm board+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.095% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of +0.028%). If the spread goes back, that is −$10 on $10k: about 6.4 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.020% in total) that is about 33 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AAPL	339.85	0.0050	pay 0.0006% / 1h	31m 59s	$40.6M	$76.2M	20x
Short	KuCoin AAPLUSDTM	339.62	0.0100	get 0.0100% / 8h	31m 59s	$1.4M	$42K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.068%Rate

Funding earned: $10.5
Price spread: −0.068% → +0.028%: −$9.55
Slippage, 4 orders: −$223.18
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$252.23
Costs to cover: 2.532%
Break-even: 175.2 days

Slippage from tradeXYZ: live order book, 8 min ago; KuCoin: live order book, 3 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, 8 min ago	0.29 bp	10.1 bp −$10	12.8 bp −$128	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	6.62 bp	96.7 bp −$97	doesn't fit	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	−0.0920%	4h	339.68	−0.050%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0154%	1h	339.80	−0.015%	$556K	$37K	20x	as long as short
Hotstuff AAPL-PERP	−0.0072%	1h	339.83	−0.006%	$36K	—	20x	as long as short
BloFin AAPL-USDT	−0.0003%	8h	339.83	−0.006%	$343K	$167K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.78	−0.019%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.82	−0.009%	$289K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.90	+0.016%	$22.1M	$67.5M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.91	+0.018%	$7.4M	$139.8M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.90	+0.015%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.70	−0.044%	$3.0M	$5.4M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	339.93	+0.024%	$6.2M	$3.6M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.74	−0.034%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.85	0.000%	$13K	$357K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.92	+0.021%	$741	$4.5M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.67	−0.053%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	340.03	+0.053%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.89	+0.012%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0027%	1h	339.81	−0.012%	$3.2M	$4.2M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.80	−0.016%	$942K	$2.7M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.77	−0.024%	$950K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.71	−0.041%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.76	−0.026%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPLlong	+0.0050%	1h	339.85	long leg	$40.6M	$76.2M	20x
Polymarket Perps AAPL-USD	+0.0050%	1h	339.74	−0.032%	$279K	$424K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.86	+0.003%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.74	−0.032%	$1.3M	$2.4M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0064%	1h	339.55	−0.088%	$660K	$661K	10x	as long as short
KuCoin AAPLUSDTMshort	+0.0100%	8h	339.62	−0.068%	$1.4M	$42K	20x
ApeX Omni AAPLUSDT	+0.0100%	1h	339.77	−0.024%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.77	−0.024%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.79	−0.018%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.61	−0.071%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	339.87	+0.006%	$5K	$12K	20x	as long as short