Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.016%

Price spread now: tradeXYZ against Aster−0.016%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

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

costs, in and out, $10k−$610.607% of the position

Long on Aster Short on tradeXYZ

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)−0.050%−$5 · spread now −0.016%, 7d avg −0.084%

Together, before fees−0.059%+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and tradeXYZ is 0.069% dearer against Aster than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AAPLUSDT	339.54	0	get 0.0000% / 8h	5h 43m	$121K	$295K	20x
Short	tradeXYZ xyz:AAPL	339.49	0.0086	get 0.0011% / 1h	43m 16s	$40.5M	$76.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Aster. 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 AsterbpFee tradeXYZbpOrdersPrice spread, now −0.016%Rate

Funding earned: $18.04
Price spread: −0.016% → −0.084%: $6.87
Slippage, 4 orders: −$34.73
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$35.82
Costs to cover: 0.607%
Break-even: 20.9 days

Slippage from Aster: live order book, 2 min ago; tradeXYZ: live order book, 9 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 Aster live order book, 2 min ago	3.39 bp	23.1 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	0.15 bp	10.4 bp −$10	12.7 bp −$127	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	338.02	−0.449%	$36K	—	20x	as long as short
edgeX AAPLUSDC	−0.0768%	4h	339.48	−0.017%	$81K	$328K	20x	as long as short
BloFin AAPL-USDT	0.0000%	8h	339.66	+0.034%	$349K	$165K	20x	as long as short
Aster AAPLUSDTlong	0.0000%	8h	339.54	long leg	$121K	$295K	20x
Extended AAPL_24_5-USD	0.0000%	1h	339.52	−0.008%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.63	+0.026%	$22.2M	$67.2M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.53	−0.004%	$6.7M	$282.3M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.60	+0.017%	$6.3M	$6.7M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.47	−0.022%	$3.0M	$7.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.68	+0.040%	$6.2M	$3.5M	100x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.56	+0.006%	$2.5M	$1.3M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.58	+0.011%	$13K	$336K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.65	+0.031%	$564	$4.2M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.77	+0.067%	$62K	$242K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.67	+0.037%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0026%	1h	339.50	−0.013%	$3.2M	$4.2M	10x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.52	−0.007%	$1.0M	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.41	−0.039%	$267K	$52K	20x	as long as short
Nado AAPL-PERP	+0.0043%	1h	339.43	−0.034%	$555K	$29K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.33	−0.063%	—	$45K	25x	as long as short
Lighter AAPL	+0.0048%	1h	339.54	−0.001%	$929K	$2.5M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.50	−0.013%	$279K	$347K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.51	−0.010%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.34	−0.060%	$1.3M	$2.1M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0080%	1h	339.77	+0.067%	$660K	$654K	10x	as long as short
tradeXYZ xyz:AAPLshort	+0.0086%	1h	339.49	−0.016%	$40.5M	$76.6M	20x
KuCoin AAPLUSDTM	+0.0100%	8h	339.44	−0.030%	$1.4M	$164K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.41	−0.039%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.47	−0.022%	$4K	—	10x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0104%	1h	339.50	−0.013%	$28K	$70K	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.48	−0.020%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.92	+0.111%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0235%	1h	339.61	+0.020%	$5K	$12K	20x	as long as short