Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h +0.011%

Price spread now: Binance against Extended+0.021%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$180.182% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 2 days (all we have)+0.025%+$3 · spread now +0.021%, 7d avg +0.027%

Together, before fees+0.036%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAPL_24_5-USD	338.94	0.0120	pay 0.0015% / 1h	50m 19s	$284K	$1.6M	10x
Short	Binance AAPLUSDT	339.01	0.0119	get 0.0119% / 8h	7h 50m	$22.3M	$66.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now +0.021%Rate

Funding earned: −$0.18
Price spread: +0.021% → +0.027%: −$0.56
Slippage, 4 orders: −$3.2
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$18.94
Costs to cover: 0.182%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Binance: 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 Extended live order book, 3 min ago	0.15 bp	3.8 bp −$4	15.7 bp −$157	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.15 bp	5.2 bp −$5	8.1 bp −$81	32.9 bp −$3,293	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	−0.0218%	4h	338.92	−0.005%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0066%	1h	338.82	−0.035%	$556K	$36K	20x	as long as short
Hotstuff AAPL-PERP	−0.0032%	1h	338.88	−0.017%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.98	+0.012%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.02	+0.024%	$6.0M	$39.4M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.99	+0.015%	$6.5M	$6.6M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.74	−0.059%	$3.0M	$4.2M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.93	−0.003%	$13K	$479K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.01	+0.021%	$570	$4.7M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.83	−0.032%	$28K	$66K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AAPL-USDT	0.0000%	8h	339.12	+0.053%	$52K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.98	+0.012%	$2.1M	$6K	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.86	−0.024%	$771K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.90	−0.011%	$957K	$3.6M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.75	−0.056%	—	$53K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.90	−0.011%	$40.8M	$76.0M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.82	−0.035%	$264K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.89	−0.014%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.63	−0.091%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	338.93	−0.003%	$3.2M	$5.1M	10x	as long as short
Bitget AAPLUSDT	+0.0080%	8h	338.97	+0.009%	$6.2M	$3.4M	100x	as long as short
Variational Omni AAPL	+0.0098%	8h	339.02	+0.025%	$2.4M	$1.4M	—	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.63	−0.091%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.81	−0.038%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.91	−0.008%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.95	+0.003%	$11K	—	10x	as long as short
BloFin AAPL-USDT	+0.0109%	8h	339.03	+0.027%	$346K	$170K	20x	as long as short
Binance AAPLUSDTshort	+0.0119%	8h	339.01	+0.021%	$22.3M	$66.9M	25x
Extended AAPL_24_5-USDlong	+0.0120%	1h	338.94	long leg	$284K	$1.6M	10x
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	339.03	+0.027%	$660K	$670K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.78	−0.047%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	339.05	+0.033%	$5K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0406%	1h	338.87	−0.020%	$269K	$70K	20x	as long as short