Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h −0.006%

Price spread now: QFEX against Binance−0.016%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$240.238% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.010%−$1 · spread now −0.016%, 7d avg −0.047%

Together, before fees−0.009%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.030% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAPLUSDT	339.81	0	get 0.0000% / 8h	10m 31s	$22.1M	$67.3M	25x
Short	QFEX AAPL-USD	339.75	0.0027	get 0.0003% / 1h	10m 31s	$3.2M	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $5.7
Price spread: −0.016% → −0.047%: $3.03
Slippage, 4 orders: −$3.85
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$15.12
Costs to cover: 0.238%
Break-even: 25.6 days

Slippage from Binance: live order book, 2 min ago; QFEX: live order book, 3 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 QFEX live order book, 3 min ago	1.32 bp	6.3 bp −$6	8.2 bp −$82	13.3 bp −$1,327	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	−0.0968%	4h	339.81	0.000%	$81K	$328K	20x	as long as short
Nado AAPL-PERP	−0.0146%	1h	339.75	−0.016%	$556K	$37K	20x	as long as short
BloFin AAPL-USDT	−0.0002%	8h	339.82	+0.004%	$344K	$167K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.76	−0.014%	$121K	$293K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.72	−0.024%	$286K	$2.1M	10x	as long as short
Binance AAPLUSDTlong	0.0000%	8h	339.81	long leg	$22.1M	$67.3M	25x
Bybit AAPLUSDT	0.0000%	8h	339.79	−0.005%	$6.2M	$160.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.77	−0.011%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.62	−0.055%	$3.0M	$5.6M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.82	+0.004%	$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	−0.009%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.82	+0.005%	$13K	$357K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.77	−0.011%	$605	$4.5M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.67	−0.040%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.88	+0.022%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.78	−0.008%	$2.1M	$7K	10x	as long as short
Hotstuff AAPL-PERP	+0.0024%	1h	339.74	−0.019%	$36K	—	20x	as long as short
QFEX AAPL-USDshort	+0.0027%	1h	339.75	−0.016%	$3.2M	$4.2M	10x
Lighter AAPL	+0.0032%	1h	339.76	−0.014%	$942K	$2.7M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.75	−0.016%	$949K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.69	−0.034%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.66	−0.043%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.74	−0.019%	$40.6M	$76.2M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.72	−0.025%	$279K	$423K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.71	−0.028%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.57	−0.069%	$1.3M	$2.3M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0064%	1h	339.55	−0.075%	$660K	$660K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.63	−0.052%	$1.4M	$55K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.73	−0.022%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.67	−0.040%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.68	−0.036%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.61	−0.058%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	339.84	+0.010%	$5K	$12K	20x	as long as short