Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0069%/8h= −7.6% APRpaid last 24h +0.009%

Price spread now: BloFin against Coinbase International+0.041%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.041%, 7d avg +0.069%

Together, before fees+0.032%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.027% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.069%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.061%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AAPL-PERP-INTX	339.12	0.0096	pay 0.0012% / 1h	6m 28s	$661K	$656K	10x
Short	BloFin AAPL-USDT	339.26	0.0027	get 0.0027% / 8h	3h 06m	$340K	$168K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$14.51
Price spread: +0.041% → +0.069%: −$2.75
Slippage, 4 orders: −$6.4
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$45.66
Costs to cover: 0.284%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 47 min ago; BloFin: live order book, 24 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, 47 min ago	2.07 bp	8.4 bp −$8	10.9 bp −$109	doesn't fit	doesn't fit
Sell BloFin live order book, 24 min ago	0.29 bp	6.4 bp −$6	8.1 bp −$81	15.7 bp −$1,567	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	−0.0405%	4h	339.17	+0.014%	$81K	$327K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0104%	1h	339.04	−0.024%	$28K	$67K	10x	as long as short
Nado AAPL-PERP	−0.0097%	1h	339.24	+0.034%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.21	+0.027%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.17	+0.016%	$283K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.26	+0.041%	$22.0M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.18	+0.018%	$5.8M	$71.4M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.26	+0.041%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.97	−0.044%	$3.0M	$4.5M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.28	+0.047%	$6.2M	$3.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.27	+0.046%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.29	+0.049%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.24	+0.035%	$784	$4.6M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.36	+0.071%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.34	+0.065%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDTshort	+0.0027%	8h	339.26	+0.041%	$340K	$168K	20x
QFEX AAPL-USD	+0.0030%	1h	339.14	+0.006%	$3.2M	$4.4M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.15	+0.009%	$803K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.16	+0.012%	$939K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.07	−0.015%	$266K	$61K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.08	−0.012%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.15	+0.009%	$40.5M	$76.1M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.10	−0.006%	$277K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.13	+0.003%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.91	−0.062%	$1.3M	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTXlong	+0.0096%	1h	339.12	long leg	$661K	$656K	10x
KuCoin AAPLUSDTM	+0.0100%	8h	339.24	+0.035%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.20	+0.024%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.12	0.000%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.15	+0.008%	$11K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0120%	1h	339.15	+0.009%	$36K	—	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.05	−0.021%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.26	+0.041%	$5K	$11K	20x	as long as short