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 −0.018%

Price spread now: SunX against Coinbase International+0.047%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1141.135% of the position

Long on Coinbase International Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.047%, 7d avg +0.060%

Together, before fees−0.138%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.060%, 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	339.55	0.0024	pay 0.0003% / 1h	51m 41s	$660K	$657K	10x
Short	SunX AAPL-USDT	339.71	0	get 0.0000% / 8h	1h 51m	$924	$4.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$5.04
Price spread: +0.047% → +0.060%: −$1.28
Slippage, 4 orders: −$95.52
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$119.84
Costs to cover: 1.135%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 57 min ago; SunX: live order book, 7 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, 57 min ago	2.21 bp	7.2 bp −$7	10.5 bp −$105	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	44.89 bp	49.3 bp −$49	doesn't fit	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	−0.0978%	4h	339.57	+0.006%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0055%	1h	339.51	−0.011%	$555K	$38K	20x	as long as short
BloFin AAPL-USDT	−0.0015%	8h	339.72	+0.050%	$341K	$168K	20x	as long as short
Hotstuff AAPL-PERP	−0.0008%	1h	339.60	+0.015%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.53	−0.007%	$121K	$293K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.63	+0.023%	$288K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.72	+0.050%	$22.1M	$67.6M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.67	+0.035%	$7.0M	$103.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.68	+0.038%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.46	−0.027%	$3.0M	$4.9M	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	339.77	+0.065%	$6.2M	$3.5M	100x	as long as short
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	339.64	+0.027%	$16K	$402K	10x	as long as short
SunX AAPL-USDTshort	0.0000%	8h	339.71	+0.047%	$924	$4.6M	20x
HTX AAPL-USDT	0.0000%	8h	339.81	+0.077%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.74	+0.056%	$2.1M	$7K	10x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0015%	1h	339.54	−0.003%	$28K	$68K	10x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.65	+0.029%	$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	339.57	+0.005%	$908K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.58	+0.009%	$951K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.58	+0.009%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.46	−0.027%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.60	+0.015%	$280K	$416K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.61	+0.018%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.48	−0.021%	$1.3M	$2.4M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0097%	1h	339.64	+0.027%	$40.6M	$76.6M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.41	−0.041%	$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	339.56	+0.002%	$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