Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0237%/8h= +26.0% APRpaid last 24h +0.154%

Price spread now: Coinbase International against edgeX+0.022%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.335%+$33 on $10k

Price spread, last 3 days (all we have)−0.020%−$2 · spread now +0.022%, 7d avg −0.051%

Together, before fees+0.315%+ Points / potential airdropedgeX: Active · farm board+$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.072% dearer against edgeX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAPLUSDC	338.96	−0.0045	get 0.0023% / 4h	14m 28s	$81K	$327K	20x
Short	Coinbase International AAPL-PERP-INTX	339.03	0.0192	get 0.0024% / 1h	14m 28s	$660K	$676K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against edgeX. 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 edgeXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.022%Rate

Funding earned: $49.8
Price spread: +0.022% → −0.051%: $7.24
Slippage, 4 orders: −$17.24
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $20.8
Costs to cover: 0.362%
Break-even: 4.1 days

Slippage from edgeX: live order book, 64 min ago; Coinbase International: live order book, 64 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 edgeX live order book, 64 min ago	5.31 bp	10.2 bp −$10	17.5 bp −$175	doesn't fit	doesn't fit
Sell Coinbase International live order book, 64 min ago	1.77 bp	7.6 bp −$8	10.5 bp −$105	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 AAPLUSDClong	−0.0045%	4h	338.96	long leg	$81K	$327K	20x
Aster AAPLUSDT	0.0000%	8h	338.99	+0.010%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.04	+0.025%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.01	+0.016%	$6.5M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.83	−0.037%	$3.0M	$4.2M	100x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.04	+0.025%	$441	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.08	+0.036%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.08	+0.036%	$2.1M	$7K	10x	as long as short
GRVT AAPL_USDT_Perp	+0.0023%	8h	339.04	+0.024%	$14K	$498K	10x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.96	+0.001%	$964K	$3.8M	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AAPL-USD-PERP	+0.0046%	1h	338.70	−0.076%	—	$53K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.89	−0.020%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.90	−0.017%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.76	−0.058%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0064%	1h	339.01	+0.016%	$3.2M	$5.1M	10x	as long as short
Lighter AAPL	+0.0072%	1h	338.90	−0.016%	$772K	$2.4M	20x	as long as short
Bitget AAPLUSDT	+0.0077%	8h	339.04	+0.025%	$6.2M	$3.5M	100x	as long as short
BloFin AAPL-USDT	+0.0090%	8h	339.02	+0.019%	$348K	$170K	20x	as long as short
Variational Omni AAPL	+0.0093%	8h	339.04	+0.023%	$2.4M	$1.4M	—	as long as short
Hotstuff AAPL-PERP	+0.0096%	1h	338.90	−0.017%	$36K	—	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.74	−0.064%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.65	−0.090%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.93	−0.008%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.00	+0.013%	$11K	—	10x	as long as short
Extended AAPL_24_5-USD	+0.0112%	1h	338.97	+0.003%	$285K	$1.5M	10x	as long as short
Binance AAPLUSDT	+0.0117%	8h	339.03	+0.022%	$22.4M	$67.0M	25x	as long as short
Nado AAPL-PERP	+0.0118%	1h	338.79	−0.048%	$556K	$33K	20x	as long as short
tradeXYZ xyz:AAPL	+0.0186%	1h	338.90	−0.017%	$40.8M	$76.3M	20x	as long as short
Coinbase International AAPL-PERP-INTXshort	+0.0192%	1h	339.03	+0.022%	$660K	$676K	10x
Injective AAPL/USDC PERP	+0.0220%	1h	339.41	+0.134%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	339.02	+0.019%	$5K	$8K	20x	as long as short
Arcus AAPL-USD	+0.0397%	1h	338.89	−0.020%	$269K	$70K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0429%	1h	338.98	+0.007%	$28K	$66K	10x	as long as short