Settings8H · net · $10k
Funding arb · Price arb /

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0122%/8h= +13.3% APRnext payment +$1.22 per $10,000 · paid last 24h −0.049%
Price spread now: KuCoin against BloFin−0.024%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$156as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1461.460% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.103%−$10 on $10k
Price spread, last 4 days (all we have)−0.033%−$3 · spread now −0.024%, 7d avg −0.073%
Together, before fees−0.136%−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and KuCoin is 0.049% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.073%. Mind the row above: over the last 7 days funding on this pair cost −0.103%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin AAPL-USDT338.87−0.0022get 0.0022% / 8h4h 11m$341K$168K20x
ShortKuCoin AAPLUSDTM338.790.0100get 0.0100% / 8h4h 11m$1.4M$27K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$25.57
Price spread: −0.024% → −0.073%
$4.93
Slippage, 4 orders
−$121.99
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$115.49
Costs to cover
1.460%
Break-even
38.6 days
Slippage from BloFin: live order book, 24 min ago; KuCoin: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 24 min ago0.15 bp6.5 bp −$68.3 bp −$8320.7 bp −$2,071doesn't fit
Sell KuCoin live order book, 4 min ago6.34 bp64.8 bp −$65doesn't fitdoesn't fitdoesn't fit

AAPL on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX AAPLUSDC−0.0152%4h338.89+0.005%$81K$328K20xas long as short
Nado AAPL-PERP−0.0025%1h338.74−0.037%$554K$38K20xas long as short
BloFin AAPL-USDTlong−0.0022%8h338.87long leg$341K$168K20x
Aster AAPLUSDT0.0000%8h338.77−0.029%$122K$290K20xas long as short
Extended AAPL_24_5-USD0.0000%1h338.79−0.025%$284K$2.0M10xas long as short
Binance AAPLUSDT0.0000%8h338.87−0.001%$21.9M$67.1M25xas long as short
Bybit AAPLUSDT0.0000%8h338.82−0.015%$5.9M$47.1M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h338.870.000%$6.3M$6.8M25xas long as short
Gate AAPL_USDT0.0000%8h338.68−0.056%$3.0M$4.3M100xas long as short
Bitget AAPLUSDT0.0000%8h338.96+0.027%$6.2M$3.5M100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni AAPL0.0000%8h338.88+0.001%$2.4M$1.4Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h338.99+0.035%$17K$425K10xas long as short
SunX AAPL-USDT0.0000%8h338.870.000%$549$4.6M20xas long as short
Deribit AAPL_USDC-PERPETUAL0.0000%1h338.67−0.059%$28K$67K10xas long as short
HTX AAPL-USDT0.0000%8h338.98+0.032%$53K$226K30xas long as short
Phemex AAPLUSDT0.0000%4h338.95+0.024%$2.1M$7K10xas long as short
QFEX AAPL-USD+0.0031%1h338.82−0.015%$3.2M$4.6M10xas long as short
Lighter AAPL+0.0032%1h338.73−0.042%$782K$2.5M20xas long as short
Lighter RH AAPL+0.0032%1h338.76−0.032%$946K$3.6M20xas long as short
Arcus AAPL-USD+0.0040%1h338.79−0.024%$266K$67K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h338.65−0.065%$45K25xas long as short
tradeXYZ xyz:AAPL+0.0050%1h338.75−0.035%$40.5M$76.0M20xas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.75−0.035%$278K$422K10xas long as short
SoDEX AAPL-USD+0.0050%1h338.75−0.035%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.65−0.065%$1.3M$2.5M20xas long as short
Coinbase International AAPL-PERP-INTX+0.0080%1h338.78−0.027%$659K$661K10xas long as short
Hotstuff AAPL-PERP+0.0088%1h338.75−0.035%$36K20xas long as short
KuCoin AAPLUSDTMshort+0.0100%8h338.79−0.024%$1.4M$27K20x
ApeX Omni AAPLUSDT+0.0100%1h338.78−0.027%$946K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h338.78−0.027%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h338.76−0.032%$11K10xas long as short
Injective AAPL/USDC PERP+0.0220%1h338.66−0.062%$191K$44K30xas long as short
Phoenix AAPL+0.0283%1h338.85−0.006%$5K$11K20xas long as short