Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0968%/8h= −106.0% APRpaid last 24h −0.220%

Price spread now: edgeX against Binance−0.003%70s7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.316% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.514%−$51 on $10k

Price spread, last 4 days (all we have)+0.148%+$15 · spread now −0.003%, 7d avg −0.007%

Together, before fees−0.366%+ Points / potential airdropedgeX: Active · farm board−$37 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: −$29 a day on $10k at the current rate. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.514% in total (about -26.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAPLUSDT	339.82	0	get 0.0000% / 8h	10m 19s	$22.1M	$67.3M	25x
Short	edgeX AAPLUSDC	339.81	−0.0968	pay 0.0484% / 4h	10m 19s	$81K	$328K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$203.23
Price spread: −0.003% → −0.007%: $0.4
Slippage, 4 orders: −$12.57
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$234.4
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; edgeX: live order book, 28 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, 2 min ago	0.15 bp	5.3 bp −$5	7.5 bp −$75	32.9 bp −$3,286	doesn't fit
Sell edgeX live order book, 28 min ago	3.97 bp	11.3 bp −$11	14.8 bp −$148	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 AAPLUSDCshort	−0.0968%	4h	339.81	−0.003%	$81K	$328K	20x
Nado AAPL-PERP	−0.0146%	1h	339.75	−0.019%	$556K	$37K	20x	as long as short
BloFin AAPL-USDT	−0.0002%	8h	339.82	+0.001%	$344K	$167K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.76	−0.018%	$121K	$293K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.74	−0.024%	$286K	$2.1M	10x	as long as short
Binance AAPLUSDTlong	0.0000%	8h	339.82	long leg	$22.1M	$67.3M	25x
Bybit AAPLUSDT	0.0000%	8h	339.79	−0.008%	$6.2M	$161.0M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.77	−0.014%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.62	−0.058%	$3.0M	$5.6M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.82	+0.001%	$6.2M	$3.6M	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	339.77	−0.012%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.82	+0.001%	$13K	$357K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.81	−0.002%	$605	$4.5M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.69	−0.038%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.88	+0.018%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.78	−0.011%	$2.1M	$7K	10x	as long as short
Hotstuff AAPL-PERP	+0.0024%	1h	339.74	−0.023%	$36K	—	20x	as long as short
QFEX AAPL-USD	+0.0027%	1h	339.75	−0.020%	$3.2M	$4.2M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.76	−0.017%	$942K	$2.7M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.75	−0.020%	$949K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.69	−0.038%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.66	−0.046%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.77	−0.014%	$40.6M	$76.2M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.72	−0.029%	$279K	$423K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.74	−0.023%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.57	−0.073%	$1.3M	$2.3M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0064%	1h	339.55	−0.079%	$660K	$660K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.63	−0.055%	$1.4M	$55K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.73	−0.026%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.69	−0.038%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.72	−0.030%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.61	−0.061%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	339.84	+0.007%	$5K	$12K	20x	as long as short