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

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.30 per $10,000 · paid last 24h +0.013%
Price spread now: BloFin against Binance−0.019%91s7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$240.240% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.099%+$10 on $10k
Price spread, last 4 days (all we have)+0.109%+$11 · spread now −0.019%, 7d avg +0.012%
Together, before fees+0.208%+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.031% cheaper against Binance than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.012%). If the spread goes back, that is −$3 on $10k: about 3.4 days of funding at the current rate (+$1 a day). The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance AAPLUSDT339.340get 0.0000% / 8h3h 17m$21.9M$67.1M25x
ShortBloFin AAPL-USDT339.280.0030get 0.0030% / 8h3h 17m$340K$168K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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
$6.28
Price spread: −0.019% → +0.012%
−$3.06
Slippage, 4 orders
−$1.98
Fee Binance: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$20.77
Costs to cover
0.240%
Break-even
30.2 days
Slippage from Binance: live order book, 10 min ago; BloFin: live order book, 12 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 Binance live order book, 10 min ago0.15 bp5.6 bp −$67.6 bp −$7632.9 bp −$3,290doesn't fit
Sell BloFin live order book, 12 min ago0.29 bp6.4 bp −$68.1 bp −$8115.7 bp −$1,567doesn'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−0.0384%4h339.22−0.035%$81K$327K20xas long as short
Nado AAPL-PERP−0.0079%1h339.24−0.031%$555K$38K20xas long as short
Aster AAPLUSDT0.0000%8h339.29−0.017%$121K$292K20xas long as short
Extended AAPL_24_5-USD0.0000%1h339.27−0.023%$287K$1.6M10xas long as short
Binance AAPLUSDTlong0.0000%8h339.34long leg$21.9M$67.1M25x
Bybit AAPLUSDT0.0000%8h339.30−0.013%$5.8M$70.5M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.34−0.001%$6.3M$6.8M25xas long as short
Gate AAPL_USDT0.0000%8h339.05−0.087%$3.0M$4.5M100xas long as short
Bitget AAPLUSDT0.0000%8h339.40+0.016%$6.2M$3.5M100xas long as short
Variational Omni AAPL0.0000%8h339.29−0.017%$2.4M$1.4Mas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT AAPL_USDT_Perp0.0000%8h339.26−0.025%$16K$411K10xas long as short
SunX AAPL-USDT0.0000%8h339.31−0.010%$546$4.6M20xas long as short
Deribit AAPL_USDC-PERPETUAL0.0000%1h339.30−0.013%$28K$67K10xas long as short
HTX AAPL-USDT0.0000%8h339.43+0.025%$53K$225K30xas long as short
Phemex AAPLUSDT0.0000%4h339.32−0.007%$2.1M$7K10xas long as short
BloFin AAPL-USDTshort+0.0030%8h339.28−0.019%$340K$168K20x
QFEX AAPL-USD+0.0030%1h339.19−0.045%$3.2M$4.5M10xas long as short
Lighter AAPL+0.0032%1h339.23−0.034%$781K$2.4M20xas long as short
Lighter RH AAPL+0.0032%1h339.24−0.031%$940K$3.6M20xas long as short
Hotstuff AAPL-PERP+0.0032%1h339.18−0.048%$36K20xas long as short
Arcus AAPL-USD+0.0040%1h339.09−0.075%$266K$61K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h339.15−0.057%$45K25xas long as short
tradeXYZ xyz:AAPL+0.0050%1h339.22−0.037%$40.5M$76.1M20xas long as short
Polymarket Perps AAPL-USD+0.0050%1h339.18−0.048%$278K$408K10xas long as short
SoDEX AAPL-USD+0.0050%1h339.23−0.034%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h339.02−0.096%$1.3M$2.5M20xas long as short
Coinbase International AAPL-PERP-INTX+0.0096%1h338.78−0.166%$661K$657K10xas long as short
KuCoin AAPLUSDTM+0.0100%8h339.29−0.016%$1.4M$38K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h339.20−0.042%$947K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.16−0.054%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h339.21−0.040%$11K10xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.02−0.096%$191K$44K30xas long as short
Phoenix AAPL+0.0236%1h339.27−0.022%$5K$11K20xas long as short