Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0037%/8h= +4.1% APRpaid last 24h +0.006%

Price spread now: Coinbase International against BloFin−0.018%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

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

costs, in and out, $10k−$290.289% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 4 days (all we have)−0.057%−$6 · spread now −0.018%, 7d avg −0.068%

Together, before fees−0.114%−$11 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 Coinbase International is 0.051% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.068%. Mind the row above: over the last 7 days funding on this pair cost −0.057%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AAPL-USDT	340.20	−0.0013	get 0.0013% / 8h	7h 36m	$345K	$166K	20x
Short	Coinbase International AAPL-PERP-INTX	340.14	0.0024	get 0.0003% / 1h	36m 48s	$662K	$660K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.018%Rate

Funding earned: $7.78
Price spread: −0.018% → −0.068%: $5.08
Slippage, 4 orders: −$6.9
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$16.04
Costs to cover: 0.289%
Break-even: 21.4 days

Slippage from BloFin: live order book, 38 min ago; Coinbase International: live order book, 61 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 BloFin live order book, 38 min ago	0.15 bp	6.1 bp −$6	8.0 bp −$80	11.3 bp −$1,132	doesn't fit
Sell Coinbase International live order book, 61 min ago	2.50 bp	8.4 bp −$8	10.9 bp −$109	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
Nado AAPL-PERP	−0.0018%	1h	339.97	−0.067%	$556K	$36K	20x	as long as short
BloFin AAPL-USDTlong	−0.0013%	8h	340.20	long leg	$345K	$166K	20x
edgeX AAPLUSDC	−0.0011%	4h	340.24	+0.010%	$81K	$326K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	340.04	−0.047%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	340.07	−0.039%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	340.16	−0.011%	$22.2M	$67.3M	25x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	340.17	−0.009%	$6.3M	$7.0M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.99	−0.062%	$3.0M	$5.7M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	340.17	−0.009%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	340.07	−0.037%	$2.5M	$1.2M	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	340.34	+0.041%	$13K	$350K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	340.19	−0.003%	$541	$4.3M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	340.26	+0.018%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	340.20	0.000%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0010%	1h	340.05	−0.044%	$3.2M	$4.2M	10x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0015%	1h	340.04	−0.047%	$28K	$69K	10x	as long as short
Hotstuff AAPL-PERP	+0.0024%	1h	340.01	−0.056%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTXshort	+0.0024%	1h	340.14	−0.018%	$662K	$660K	10x
Lighter AAPL	+0.0032%	1h	340.10	−0.030%	$932K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	340.08	−0.035%	$968K	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	340.09	−0.032%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.92	−0.082%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.88	−0.094%	$279K	$350K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	340.00	−0.059%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	340.00	−0.059%	$1.3M	$2.3M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0061%	1h	339.99	−0.062%	$40.4M	$76.6M	20x	as long as short
Bybit AAPLUSDT	+0.0072%	8h	340.21	+0.003%	$7.7M	$190.0M	100x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	340.04	−0.047%	$1.4M	$76K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.97	−0.068%	$950K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	340.07	−0.038%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	340.08	−0.036%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	340.16	−0.012%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.80	+0.176%	$192K	$44K	30x	as long as short