Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0051%/8h= +5.6% APRpaid last 24h −0.007%

Price spread now: tradeXYZ against Binance−0.049%7-day average −0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 7 days−0.033%−$3 · spread now −0.049%, 7d avg −0.108%

Together, before fees−0.066%+ Points / potential airdroptradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.059% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAPLUSDT	338.96	0	get 0.0000% / 8h	4h 34m	$22.1M	$67.0M	25x
Short	tradeXYZ xyz:AAPL	338.79	0.0051	get 0.0006% / 1h	34m 21s	$40.5M	$75.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.049%Rate

Funding earned: $10.79
Price spread: −0.049% → −0.108%: $5.86
Slippage, 4 orders: −$2.16
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$13.52
Costs to cover: 0.302%
Break-even: 15.8 days

Slippage from Binance: live order book, 8 min ago; tradeXYZ: live order book, 5 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, 8 min ago	0.15 bp	5.9 bp −$6	10.0 bp −$100	30.3 bp −$3,031	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.15 bp	9.8 bp −$10	11.9 bp −$119	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	−0.0758%	4h	338.88	−0.024%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0024%	1h	338.75	−0.059%	$554K	$38K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0016%	1h	338.61	−0.102%	$28K	$67K	10x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.80	−0.046%	$122K	$290K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.85	−0.031%	$286K	$2.0M	10x	as long as short
Binance AAPLUSDTlong	0.0000%	8h	338.96	long leg	$22.1M	$67.0M	25x
Bybit AAPLUSDT	0.0000%	8h	338.86	−0.028%	$5.9M	$39.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.90	−0.017%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.66	−0.087%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.95	−0.002%	$6.2M	$3.5M	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	338.94	−0.006%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.89	−0.020%	$17K	$425K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.94	−0.005%	$641	$4.6M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.03	+0.022%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.93	−0.008%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0010%	8h	338.93	−0.008%	$341K	$168K	20x	as long as short
QFEX AAPL-USD	+0.0031%	1h	338.83	−0.037%	$3.2M	$4.8M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.81	−0.044%	$780K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.84	−0.034%	$947K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.81	−0.043%	$266K	$67K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.68	−0.082%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.76	−0.058%	$278K	$420K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.78	−0.052%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.72	−0.070%	$1.3M	$2.5M	20x	as long as short
tradeXYZ xyz:AAPLshort	+0.0051%	1h	338.79	−0.049%	$40.5M	$75.9M	20x
Coinbase International AAPL-PERP-INTX	+0.0080%	1h	338.78	−0.052%	$659K	$664K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.79	−0.049%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.70	−0.076%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.78	−0.052%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.79	−0.049%	$11K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0128%	1h	338.78	−0.052%	$36K	—	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.69	−0.079%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	338.89	−0.020%	$5K	$11K	20x	as long as short