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

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.07 per $10,000 · paid last 24h +0.013%
Price spread now: ApeX Omni against Coinbase International−0.035%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$300.301% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.158%+$16 on $10k
Price spread, last 4 days (all we have)−0.019%−$2 · spread now −0.035%, 7d avg +0.014%
Together, before fees+0.139%+$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.049% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of +0.014%). If the spread goes back, that is −$5 on $10k: about 3.2 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International AAPL-PERP-INTX339.080.0048pay 0.0006% / 1h45m 11s$662K$657K10x
ShortApeX Omni AAPLUSDT338.960.0100get 0.0013% / 1h45m 11s$947K$11.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. 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
$10.92
Price spread: −0.035% → +0.014%
−$4.94
Slippage, 4 orders
−$10.11
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$24.13
Costs to cover
0.301%
Break-even
22.5 days
Slippage from Coinbase International: live order book, 3 min ago; ApeX Omni: 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 Coinbase International live order book, 3 min ago2.21 bp7.2 bp −$710.5 bp −$105doesn't fitdoesn't fit
Sell ApeX Omni live order book, 4 min ago2.21 bp8.0 bp −$89.1 bp −$91doesn'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−0.0072%4h339.12+0.010%$81K$328K20xas long as short
Nado AAPL-PERP−0.0028%1h339.07−0.004%$555K$38K20xas long as short
Deribit AAPL_USDC-PERPETUAL−0.0015%1h338.96−0.035%$28K$68K10xas long as short
BloFin AAPL-USDT−0.0012%8h339.16+0.024%$342K$168K20xas long as short
Aster AAPLUSDT0.0000%8h339.08+0.001%$121K$295K20xas long as short
Extended AAPL_24_5-USD0.0000%1h339.09+0.003%$278K$1.8M10xas long as short
Binance AAPLUSDT0.0000%8h339.18+0.029%$21.9M$67.1M25xas long as short
Bybit AAPLUSDT0.0000%8h339.17+0.027%$5.9M$89.5M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.16+0.024%$6.3M$6.9M25xas long as short
Gate AAPL_USDT0.0000%8h338.95−0.038%$3.0M$4.6M100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget AAPLUSDT0.0000%8h339.25+0.050%$6.2M$3.5M100xas long as short
Variational Omni AAPL0.0000%8h339.18+0.028%$2.4M$1.3Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h339.20+0.035%$16K$411K10xas long as short
SunX AAPL-USDT0.0000%8h339.17+0.027%$668$4.6M20xas long as short
HTX AAPL-USDT0.0000%8h339.31+0.068%$53K$225K30xas long as short
Phemex AAPLUSDT0.0000%4h339.19+0.032%$2.1M$7K10xas long as short
QFEX AAPL-USD+0.0020%1h339.080.000%$3.2M$4.4M10xas long as short
Lighter AAPL+0.0032%1h339.07−0.003%$836K$2.5M20xas long as short
Lighter RH AAPL+0.0032%1h339.080.000%$946K$3.6M20xas long as short
Arcus AAPL-USD+0.0040%1h339.01−0.021%$266K$60K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h338.97−0.032%$45K25xas long as short
Coinbase International AAPL-PERP-INTXlong+0.0048%1h339.08long leg$662K$657K10x
tradeXYZ xyz:AAPL+0.0050%1h339.05−0.009%$40.5M$76.3M20xas long as short
Polymarket Perps AAPL-USD+0.0050%1h339.10+0.006%$277K$408K10xas long as short
SoDEX AAPL-USD+0.0050%1h339.04−0.012%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.90−0.053%$1.3M$2.5M20xas long as short
Hotstuff AAPL-PERP+0.0072%1h339.05−0.009%$36K20xas long as short
KuCoin AAPLUSDTM+0.0100%8h339.09+0.003%$1.4M$38K20xas long as short
ApeX Omni AAPLUSDTshort+0.0100%1h338.96−0.035%$947K$11.0M50x
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.09+0.003%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h339.08−0.001%$11K10xas long as short
Phoenix AAPL+0.0212%1h339.13+0.015%$5K$11K20xas long as short
Injective AAPL/USDC PERP+0.0220%1h338.95−0.038%$191K$44K30xas long as short