Settings8H · net · $10k
Funding arb · Price arb /

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0040%/8h= +4.3% APRnext payment +$0.05 per $10,000 · paid last 24h −0.016%
Price spread now: Coinbase International against Arcus−0.012%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$350.349% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.040%−$4 on $10k
Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.012%, 7d avg −0.014%
Together, before fees−0.051%−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus AAPL-USD338.820.0040pay 0.0005% / 1h13m 25s$266K$67K20x
ShortCoinbase International AAPL-PERP-INTX338.780.0080get 0.0010% / 1h13m 25s$659K$661K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Arcus. 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

Funding earned
$8.34
Price spread: −0.012% → −0.014%
$0.21
Slippage, 4 orders
−$20.42
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$26.37
Costs to cover
0.349%
Break-even
29.1 days
Slippage from Arcus: live order book, 45 min ago; Coinbase International: live order book, 45 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Arcus live order book, 45 min ago2.81 bp10.8 bp −$1114.5 bp −$145doesn't fitdoesn't fit
Sell Coinbase International live order book, 45 min ago2.21 bp7.7 bp −$810.6 bp −$106doesn't fitdoesn't fit

AAPL on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX AAPLUSDC−0.0152%4h338.89+0.019%$81K$328K20xas long as short
Nado AAPL-PERP−0.0024%1h338.74−0.023%$554K$38K20xas long as short
Aster AAPLUSDT0.0000%8h338.77−0.015%$122K$290K20xas long as short
Extended AAPL_24_5-USD0.0000%1h338.79−0.008%$284K$2.0M10xas long as short
Binance AAPLUSDT0.0000%8h338.90+0.024%$21.9M$67.1M25xas long as short
Bybit AAPLUSDT0.0000%8h338.81−0.003%$5.9M$47.2M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h338.91+0.027%$6.3M$6.8M25xas long as short
Gate AAPL_USDT0.0000%8h338.69−0.038%$3.0M$4.3M100xas long as short
Bitget AAPLUSDT0.0000%8h338.97+0.044%$6.2M$3.5M100xas long as short
Variational Omni AAPL0.0000%8h338.94+0.037%$2.4M$1.4Mas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT AAPL_USDT_Perp0.0000%8h338.99+0.050%$17K$425K10xas long as short
SunX AAPL-USDT0.0000%8h338.94+0.035%$153$4.6M20xas long as short
Deribit AAPL_USDC-PERPETUAL0.0000%1h338.64−0.053%$28K$67K10xas long as short
HTX AAPL-USDT0.0000%8h339.04+0.065%$53K$225K30xas long as short
Phemex AAPLUSDT0.0000%4h338.95+0.038%$2.1M$7K10xas long as short
BloFin AAPL-USDT+0.0028%8h338.94+0.035%$342K$168K20xas long as short
QFEX AAPL-USD+0.0031%1h338.86+0.012%$3.2M$4.6M10xas long as short
Lighter AAPL+0.0032%1h338.77−0.015%$782K$2.5M20xas long as short
Lighter RH AAPL+0.0032%1h338.80−0.006%$946K$3.6M20xas long as short
Arcus AAPL-USDlong+0.0040%1h338.82long leg$266K$67K20x
Vest AAPL-USD-PERP+0.0046%1h338.72−0.030%$45K25xas long as short
tradeXYZ xyz:AAPL+0.0050%1h338.73−0.027%$40.5M$76.0M20xas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.73−0.027%$278K$422K10xas long as short
SoDEX AAPL-USD+0.0050%1h338.79−0.009%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.66−0.047%$1.3M$2.5M20xas long as short
Coinbase International AAPL-PERP-INTXshort+0.0080%1h338.78−0.012%$659K$661K10x
KuCoin AAPLUSDTM+0.0100%8h338.79−0.009%$1.4M$27K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h338.78−0.012%$946K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h338.77−0.015%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h338.82−0.001%$11K10xas long as short
Hotstuff AAPL-PERP+0.0152%1h338.80−0.006%$36K20xas long as short
Injective AAPL/USDC PERP+0.0220%1h338.72−0.030%$191K$44K30xas long as short
Phoenix AAPL+0.0283%1h338.97+0.044%$5K$11K20xas long as short