Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.008%

Price spread now: KuCoin against Coinbase International−0.021%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$630.626% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.021%, 7d avg −0.003%

Together, before fees−0.081%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AAPL-PERP-INTX	339.38	0.0128	pay 0.0016% / 1h	55m 33s	$659K	$629K	10x
Short	KuCoin AAPLUSDTM	339.31	0.0100	get 0.0100% / 8h	4h 55m	$1.4M	$204K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$5.88
Price spread: −0.021% → −0.003%: −$1.74
Slippage, 4 orders: −$40.59
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$70.21
Costs to cover: 0.626%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 51 min ago; KuCoin: live order book, 3 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, 51 min ago	2.50 bp	7.7 bp −$8	10.4 bp −$104	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	4.72 bp	23.5 bp −$24	doesn't fit	doesn't fit	doesn't fit

AAPL on 33 exchanges

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
Hotstuff AAPL-PERP	−0.0120%	1h	339.27	−0.032%	$36K	—	20x	as long as short
edgeX AAPLUSDC	−0.0073%	4h	339.33	−0.014%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0008%	1h	339.36	−0.006%	$555K	$28K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.35	−0.008%	$120K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.33	−0.015%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.45	+0.021%	$22.1M	$67.0M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.31	−0.021%	$6.7M	$284.0M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.43	+0.015%	$6.3M	$6.7M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.19	−0.056%	$3.0M	$7.3M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.41	+0.009%	$6.2M	$3.5M	100x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.45	+0.022%	$2.5M	$1.3M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.44	+0.016%	$12K	$339K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.41	+0.009%	$777	$4.1M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.57	+0.056%	$62K	$241K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.44	+0.018%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.34	−0.012%	$3.3M	$4.2M	10x	as long as short
BloFin AAPL-USDT	+0.0027%	8h	339.43	+0.015%	$350K	$165K	20x	as long as short
Lighter AAPL	+0.0032%	1h	339.39	+0.003%	$924K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.38	0.000%	$1.0M	$3.0M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.21	−0.050%	$267K	$48K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0045%	1h	339.37	−0.003%	$28K	$69K	10x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.20	−0.053%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.30	−0.024%	$40.5M	$76.8M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.34	−0.012%	$279K	$347K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.33	−0.015%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.24	−0.041%	$1.3M	$2.2M	20x	as long as short
KuCoin AAPLUSDTMshort	+0.0100%	8h	339.31	−0.021%	$1.4M	$204K	20x
ApeX Omni AAPLUSDT	+0.0100%	1h	339.35	−0.009%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.32	−0.018%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.27	−0.034%	$11K	$102	10x	as long as short
Coinbase International AAPL-PERP-INTXlong	+0.0128%	1h	339.38	long leg	$659K	$629K	10x
Injective AAPL/USDC PERP	+0.0220%	1h	339.66	+0.083%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0235%	1h	339.65	+0.080%	$5K	$12K	20x	as long as short