Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.004%
Price spread now: tradeXYZ against Extended0.000%7-day average −0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$270.270% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 7 days+0.008%+$1 · spread now 0.000%, 7d avg −0.111%
=Together, before fees−0.013%+ Points / potential airdropExtended: Active · tradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.111% dearer against Extended than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.111%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended AAPL_24_5-USD | 338.97 | 0 | get 0.0000% / 1h | 37m 10s | $284K | $2.0M | 10x |
| Short | tradeXYZ xyz:AAPL | 338.97 | 0.0050 | get 0.0006% / 1h | 37m 10s | $40.5M | $76.0M | 20x |
Extended AAPL_24_5-USD
tradeXYZ xyz:AAPLFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Extended. 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
- $10.5
- Price spread: 0.000% → −0.111%
- $11.09
- Slippage, 4 orders
- −$3.97
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$5.38
- Costs to cover
- 0.270%
- Break-even
- 10.6 days
Slippage from Extended: live order book, 1 min ago; tradeXYZ: live order book, 2 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, 1 min ago | 0.15 bp | 3.8 bp −$4 | 15.4 bp −$154 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 2 min ago | 0.29 bp | 9.8 bp −$10 | 11.7 bp −$117 | 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 | −0.0982% | 4h | 338.91 | −0.016% | $81K | $327K | 20x | as long as short |
| Nado AAPL-PERP | −0.0105% | 1h | 338.99 | +0.008% | $555K | $38K | 20x | as long as short |
| BloFin AAPL-USDT | −0.0023% | 8h | 338.88 | −0.026% | $341K | $168K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.98 | +0.004% | $121K | $292K | 20x | as long as short |
| Extended AAPL_24_5-USDlong | 0.0000% | 1h | 338.97 | long leg | $284K | $2.0M | 10x | |
| Binance AAPLUSDT | 0.0000% | 8h | 339.06 | +0.028% | $21.9M | $67.1M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.01 | +0.012% | $5.9M | $65.2M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.05 | +0.024% | $6.3M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.77 | −0.059% | $3.0M | $4.4M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.07 | +0.030% | $6.2M | $3.5M | 100x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
BloFin AAPL-USDT
Aster AAPLUSDT
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
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 | 338.93 | −0.013% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 338.96 | −0.003% | $16K | $411K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.05 | +0.024% | $671 | $4.6M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.91 | −0.017% | $28K | $67K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.17 | +0.059% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 338.99 | +0.006% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USD | +0.0030% | 1h | 338.97 | 0.000% | $3.2M | $4.5M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.95 | −0.006% | $783K | $2.4M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 338.95 | −0.006% | $945K | $3.6M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 338.84 | −0.038% | $266K | $61K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.86 | −0.032% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPLshort | +0.0050% | 1h | 338.97 | 0.000% | $40.5M | $76.0M | 20x | |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.89 | −0.023% | $278K | $405K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.93 | −0.011% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.66 | −0.091% | $1.3M | $2.5M | 20x | as long as short |
| Hotstuff AAPL-PERP | +0.0056% | 1h | 338.91 | −0.017% | $36K | — | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0096% | 1h | 338.78 | −0.056% | $661K | $657K | 10x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.80 | −0.050% | $1.4M | $38K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.85 | −0.035% | $946K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.97 | 0.000% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.94 | −0.007% | $11K | — | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.69 | −0.082% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0236% | 1h | 338.99 | +0.006% | $5K | $11K | 20x | 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
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
Hotstuff AAPL-PERP
Coinbase International AAPL-PERP-INTX
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Injective AAPL/USDC PERP
Phoenix AAPL