Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.004%

Price spread now: Coinbase International against Binance−0.087%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)+0.165%+$16 · spread now −0.087%, 7d avg −0.057%

Together, before fees+0.204%+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.029% cheaper against Binance than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of −0.057%). If the spread goes back, that is −$3 on $10k: about 2.0 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.039% in total) that is about 5.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAPLUSDT	339.84	0	get 0.0000% / 8h	2h 05m	$22.1M	$67.7M	25x
Short	Coinbase International AAPL-PERP-INTX	339.55	0.0048	get 0.0006% / 1h	5m 03s	$660K	$661K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee BinancebpFee Coinbase InternationalbpOrdersPrice spread, now −0.087%Rate

Funding earned: $10.08
Price spread: −0.087% → −0.057%: −$2.95
Slippage, 4 orders: −$5.57
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$18.44
Costs to cover: 0.256%
Break-even: 19.8 days

Slippage from Binance: live order book, 7 min ago; Coinbase International: live order book, 43 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 Binance live order book, 7 min ago	0.15 bp	5.4 bp −$5	9.3 bp −$93	31.7 bp −$3,170	doesn't fit
Sell Coinbase International live order book, 43 min ago	2.21 bp	7.7 bp −$8	11.0 bp −$110	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	−0.0678%	4h	339.79	−0.017%	$81K	$327K	20x	as long as short
Hotstuff AAPL-PERP	−0.0128%	1h	339.71	−0.040%	$36K	—	20x	as long as short
Nado AAPL-PERP	−0.0114%	1h	339.72	−0.038%	$556K	$38K	20x	as long as short
BloFin AAPL-USDT	−0.0025%	8h	339.83	−0.004%	$339K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.68	−0.047%	$121K	$293K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.73	−0.033%	$288K	$1.8M	10x	as long as short
Binance AAPLUSDTlong	0.0000%	8h	339.84	long leg	$22.1M	$67.7M	25x
Bybit AAPLUSDT	0.0000%	8h	339.85	+0.002%	$5.8M	$96.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.81	−0.010%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.59	−0.075%	$3.0M	$4.9M	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	339.89	+0.013%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.86	+0.003%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.79	−0.015%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.82	−0.007%	$734	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.70	−0.043%	$28K	$68K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.94	+0.028%	$62K	$244K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.86	+0.005%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0020%	1h	339.74	−0.031%	$3.3M	$4.4M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.74	−0.030%	$911K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.75	−0.028%	$945K	$3.7M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.65	−0.057%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.56	−0.084%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTXshort	+0.0048%	1h	339.55	−0.087%	$660K	$661K	10x
tradeXYZ xyz:AAPL	+0.0050%	1h	339.75	−0.028%	$40.6M	$76.6M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.68	−0.048%	$282K	$415K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.75	−0.028%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.58	−0.078%	$1.3M	$2.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.57	−0.081%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.62	−0.066%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.68	−0.048%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.69	−0.045%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.87	+0.007%	$5K	$11K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.59	−0.075%	$191K	$44K	30x	as long as short