Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.005%

Price spread now: Binance against Coinbase International+0.009%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.009%, 7d avg +0.057%

Together, before fees−0.094%−$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 Binance is 0.048% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.057%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AAPL-PERP-INTX	339.55	0.0024	pay 0.0003% / 1h	18m 43s	$660K	$668K	10x
Short	Binance AAPLUSDT	339.58	0	get 0.0000% / 8h	1h 18m	$22.1M	$67.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BinancebpOrdersPrice spread, now +0.009%Rate

Funding earned: −$5.04
Price spread: +0.009% → +0.057%: −$4.84
Slippage, 4 orders: −$6.94
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$36.82
Costs to cover: 0.269%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 25 min ago; Binance: live order book, 9 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 Coinbase International live order book, 25 min ago	2.21 bp	7.9 bp −$8	10.3 bp −$103	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.15 bp	5.9 bp −$6	8.7 bp −$87	34.5 bp −$3,445	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	−0.0660%	4h	339.48	−0.020%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0052%	1h	339.38	−0.051%	$555K	$38K	20x	as long as short
BloFin AAPL-USDT	−0.0019%	8h	339.51	−0.012%	$342K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.56	+0.002%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.50	−0.016%	$285K	$1.8M	10x	as long as short
Binance AAPLUSDTshort	0.0000%	8h	339.58	+0.009%	$22.1M	$67.7M	25x
Bybit AAPLUSDT	0.0000%	8h	339.58	+0.009%	$7.0M	$120.7M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.58	+0.009%	$6.3M	$6.9M	25x	as long as short
Hotstuff AAPL-PERP	0.0000%	1h	339.52	−0.009%	$36K	—	20x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.36	−0.056%	$3.0M	$5.2M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	339.63	+0.024%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.50	−0.013%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.56	+0.002%	$16K	$402K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.54	−0.003%	$448	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.28	−0.080%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.66	+0.032%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.65	+0.029%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.51	−0.012%	$3.3M	$4.3M	10x	as long as short
Coinbase International AAPL-PERP-INTXlong	+0.0024%	1h	339.55	long leg	$660K	$668K	10x
Lighter AAPL	+0.0032%	1h	339.48	−0.019%	$944K	$2.7M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.49	−0.018%	$944K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.45	−0.029%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.35	−0.059%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.48	−0.021%	$279K	$424K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.53	−0.006%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.36	−0.056%	$1.3M	$2.4M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0060%	1h	339.52	−0.009%	$40.6M	$76.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.32	−0.068%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.29	−0.077%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.41	−0.041%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.45	−0.030%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.63	+0.024%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.88	+0.097%	$191K	$44K	30x	as long as short