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−0.0024%/8h= −2.6% APRnext payment $0.24 per $10,000 · paid last 24h −0.025%
Price spread now: OKX against BloFin−0.074%63s7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$290.290% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.123%−$12 on $10k
Price spread, last 4 days (all we have)+0.035%+$3 · spread now −0.074%, 7d avg −0.043%
Together, before fees−0.088%−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.031% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.043%). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin AAPL-USDT339.130.0024pay 0.0024% / 8h5h 46m$169K20x
ShortOKX AAPL-USDT-SWAP338.880get 0.0000% / 8h5h 46m$6.3M$6.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
−$4.96
Price spread: −0.074% → −0.043%
−$3.06
Slippage, 4 orders
−$6.96
Fee BloFin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$36.98
Costs to cover
0.290%
Break-even
never at this rate
Slippage from BloFin: live order book, 79 min ago; OKX: live order book, 2 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, 79 min ago0.15 bp6.4 bp −$67.7 bp −$7721.9 bp −$2,191doesn't fit
Sell OKX live order book, 2 min ago0.15 bp7.0 bp −$712.7 bp −$127doesn'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−0.0974%4h339.07−0.017%$81K$327K20xas long as short
Nado AAPL-PERP−0.0068%1h338.87−0.077%$555K$38K20xas long as short
Aster AAPLUSDT0.0000%8h338.94−0.057%$122K$291K20xas long as short
Extended AAPL_24_5-USD0.0000%1h338.80−0.097%$285K$2.0M10xas long as short
Bybit AAPLUSDT0.0000%8h338.89−0.071%$6.0M$39.2M100xas long as short
OKX AAPL-USDT-SWAPshort0.0000%8h338.88−0.074%$6.3M$6.8M25x
Gate AAPL_USDT0.0000%8h338.71−0.124%$3.0M$4.2M100xas long as short
Bitget AAPLUSDT0.0000%8h339.00−0.038%$6.2M$3.5M100xas long as short
Variational Omni AAPL0.0000%8h339.13+0.001%$2.4M$1.4Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h339.18+0.014%$17K$433K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX AAPL-USDT0.0000%8h339.10−0.009%$359$4.7M20xas long as short
Deribit AAPL_USDC-PERPETUAL0.0000%1h338.69−0.130%$28K$67K10xas long as short
HTX AAPL-USDT0.0000%8h339.01−0.035%$53K$225K30xas long as short
Phemex AAPLUSDT0.0000%4h338.92−0.062%$2.1M$6K10xas long as short
Binance AAPLUSDT+0.0002%8h338.89−0.072%$22.2M$67.0M25xas long as short
QFEX AAPL-USD+0.0013%1h339.05−0.024%$3.3M$4.8M10xas long as short
BloFin AAPL-USDTlong+0.0024%8h339.13long leg$169K20x
Hotstuff AAPL-PERP+0.0024%1h338.96−0.050%$36K20xas long as short
Lighter AAPL+0.0032%1h338.72−0.120%$757K$2.4M20xas long as short
Lighter RH AAPL+0.0032%1h338.79−0.100%$952K$3.5M20xas long as short
Arcus AAPL-USD+0.0040%1h339.01−0.035%$270K$70K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h338.75−0.112%$45K25xas long as short
Coinbase International AAPL-PERP-INTX+0.0048%1h338.84−0.086%$659K$663K10xas long as short
tradeXYZ xyz:AAPL+0.0050%1h338.79−0.100%$40.7M$75.8M20xas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.83−0.088%$262K$371K10xas long as short
SoDEX AAPL-USD+0.0050%1h338.84−0.086%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.88−0.074%$1.3M$2.5M20xas long as short
KuCoin AAPLUSDTM+0.0100%8h338.79−0.100%$1.4M$27K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h338.86−0.080%$947K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h338.77−0.106%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h338.76−0.110%$11K10xas long as short
Injective AAPL/USDC PERP+0.0220%1h338.90−0.068%$191K$44K30xas long as short
Phoenix AAPL+0.0259%1h339.16+0.009%$5K$11K20xas long as short