Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.007%

Price spread now: OKX against tradeXYZ+0.038%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 7 days−0.007%−$1 · spread now +0.038%, 7d avg +0.069%

Together, before fees−0.001%+ Points / potential airdroptradeXYZ: 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 OKX is 0.030% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.069%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AAPL	339.20	0.0050	pay 0.0006% / 1h	13m 29s	$40.5M	$76.1M	20x
Short	OKX AAPL-USDT-SWAP	339.33	0	get 0.0000% / 8h	3h 13m	$6.3M	$6.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$10.5
Price spread: +0.038% → +0.069%: −$3.03
Slippage, 4 orders: −$5.61
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: −$47.13
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 min ago; OKX: live order book, 4 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, 6 min ago	0.29 bp	10.7 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.15 bp	6.6 bp −$7	12.2 bp −$122	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	−0.0104%	4h	339.24	+0.012%	$81K	$329K	20x	as long as short
Nado AAPL-PERP	−0.0089%	1h	339.31	+0.031%	$555K	$38K	20x	as long as short
BloFin AAPL-USDT	−0.0002%	8h	339.29	+0.027%	$341K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.27	+0.020%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.20	0.000%	$288K	$1.3M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.32	+0.035%	$21.9M	$66.9M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.30	+0.029%	$5.8M	$70.7M	100x	as long as short
OKX AAPL-USDT-SWAPshort	0.0000%	8h	339.33	+0.038%	$6.3M	$6.8M	25x
Gate AAPL_USDT	0.0000%	8h	339.02	−0.053%	$3.0M	$4.5M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.37	+0.050%	$6.2M	$3.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.31	+0.034%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.28	+0.024%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.28	+0.024%	$916	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.29	+0.027%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.40	+0.059%	$52K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.35	+0.044%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0030%	1h	339.23	+0.009%	$3.2M	$4.4M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.22	+0.006%	$782K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.22	+0.006%	$939K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.12	−0.024%	$266K	$61K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.11	−0.027%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPLlong	+0.0050%	1h	339.20	long leg	$40.5M	$76.1M	20x
Polymarket Perps AAPL-USD	+0.0050%	1h	339.20	0.000%	$278K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.21	+0.003%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.00	−0.059%	$1.3M	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	338.78	−0.124%	$661K	$655K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.29	+0.027%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.20	0.000%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.20	0.000%	$4K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0104%	1h	339.16	−0.012%	$36K	—	20x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.19	−0.002%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.09	−0.032%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.40	+0.059%	$5K	$11K	20x	as long as short