Funding you earn now, next payment 06:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.017%
Price spread now: Gate against Coinbase International−0.041%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$390.391% of the position
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.041%, 7d avg +0.006%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.047% 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 +0.006%). 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 | 54m 37s | $660K | $657K | 10x |
| Short | Gate AAPL_USDT | 339.41 | 0 | get 0.0000% / 8h | 1h 54m | $3.0M | $4.9M | 100x |
Coinbase International AAPL-PERP-INTX
Gate AAPL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$5.04
- Price spread: −0.041% → +0.006%
- −$4.7
- Slippage, 4 orders
- −$14.14
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$48.88
- Costs to cover
- 0.391%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 54 min ago; Gate: live order book, 4 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, 54 min ago | 2.21 bp | 7.2 bp −$7 | 10.5 bp −$105 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 0.74 bp | 12.5 bp −$12 | 21.3 bp −$213 | doesn't fit | 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 | −0.0382% | 4h | 339.70 | +0.044% | $81K | $325K | 20x | as long as short |
| Nado AAPL-PERP | −0.0071% | 1h | 339.56 | +0.002% | $555K | $38K | 20x | as long as short |
| BloFin AAPL-USDT | 0.0000% | 8h | 339.61 | +0.018% | $340K | $168K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.53 | −0.006% | $121K | $293K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.57 | +0.005% | $288K | $1.8M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.64 | +0.027% | $22.1M | $67.6M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.65 | +0.029% | $6.9M | $103.2M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.69 | +0.041% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDTshort | 0.0000% | 8h | 339.41 | −0.041% | $3.0M | $4.9M | 100x | |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.74 | +0.056% | $6.2M | $3.5M | 100x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
BloFin AAPL-USDT
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Bitget AAPLUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AAPL | 0.0000% | 8h | 339.65 | +0.031% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.66 | +0.033% | $16K | $402K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.60 | +0.015% | $839 | $4.6M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.56 | +0.003% | $28K | $68K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.78 | +0.068% | $62K | $245K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.74 | +0.056% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USD | +0.0023% | 1h | 339.60 | +0.015% | $3.2M | $4.3M | 10x | as long as short |
| Coinbase International AAPL-PERP-INTXlong | +0.0024% | 1h | 339.55 | long leg | $660K | $657K | 10x | |
| Lighter AAPL | +0.0032% | 1h | 339.58 | +0.010% | $908K | $2.6M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.59 | +0.012% | $945K | $3.6M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.54 | −0.003% | $267K | $60K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.44 | −0.032% | — | $45K | 25x | as long as short |
| Hotstuff AAPL-PERP | +0.0048% | 1h | 339.60 | +0.015% | $36K | — | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.51 | −0.012% | $280K | $416K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.54 | −0.003% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.44 | −0.032% | $1.3M | $2.4M | 20x | as long as short |
| tradeXYZ xyz:AAPL | +0.0062% | 1h | 339.57 | +0.006% | $40.6M | $76.6M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.38 | −0.050% | $1.4M | $39K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.47 | −0.024% | $948K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.54 | −0.003% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.52 | −0.010% | $11K | $102 | 10x | as long as short |
| Phoenix AAPL | +0.0212% | 1h | 339.77 | +0.065% | $5K | $12K | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.39 | −0.047% | $191K | $44K | 30x | as long as short |
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
QFEX AAPL-USD
Lighter AAPL
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
Hotstuff AAPL-PERP
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
tradeXYZ xyz:AAPL
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Phoenix AAPL
Injective AAPL/USDC PERP