Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0964%/8h= −105.5% APRpaid last 24h −0.141%

Price spread now: edgeX against Gate+0.036%97s7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.437% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.279%−$28 on $10k

Price spread, last 3 days (all we have)+0.121%+$12 · spread now +0.036%, 7d avg +0.043%

Together, before fees−0.159%+ Points / potential airdropedgeX: Active · farm board−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.043%, so right now this pair is about funding alone: −$29 a day on $10k at the current rate. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.279% in total (about -14.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AAPL_USDT	338.91	0	get 0.0000% / 8h	3h 31m	$3.0M	$4.1M	100x
Short	edgeX AAPLUSDC	339.03	−0.0964	pay 0.0482% / 4h	3h 31m	$81K	$326K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Gate. 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 GatebpFee edgeXbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$202.4
Price spread: +0.036% → +0.043%: −$0.69
Slippage, 4 orders: −$19.66
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$246.75
Costs to cover: 0.437%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; edgeX: live order book, 17 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 Gate live order book, 2 min ago	0.44 bp	9.4 bp −$9	27.3 bp −$273	doesn't fit	doesn't fit
Sell edgeX live order book, 17 min ago	5.31 bp	10.2 bp −$10	17.9 bp −$179	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 AAPLUSDCshort	−0.0964%	4h	339.03	+0.036%	$81K	$326K	20x
BloFin AAPL-USDT	−0.0013%	8h	339.07	+0.047%	$358K	$165K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.00	+0.027%	$125K	$287K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.04	+0.037%	$284K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.08	+0.050%	$22.2M	$66.3M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.09	+0.053%	$6.3M	$24.8M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.98	+0.021%	$6.6M	$6.8M	25x	as long as short
Gate AAPL_USDTlong	0.0000%	8h	338.91	long leg	$3.0M	$4.1M	100x
Bitget AAPLUSDT	0.0000%	8h	339.07	+0.047%	$6.3M	$3.3M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.10	+0.055%	$2.1M	$1.0M	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	338.98	+0.021%	$20K	$521K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.07	+0.047%	$434	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.15	+0.071%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.07	+0.047%	$2.1M	$7K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.04	+0.037%	$690K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.01	+0.030%	$947K	$3.9M	20x	as long as short
QFEX AAPL-USD	+0.0033%	1h	339.03	+0.035%	$3.2M	$4.8M	10x	as long as short
Hotstuff AAPL-PERP	+0.0040%	1h	339.00	+0.027%	$36K	—	20x	as long as short
Nado AAPL-PERP	+0.0044%	1h	338.85	−0.019%	$556K	$34K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.72	−0.056%	—	$9K	25x	as long as short
KuCoin AAPLUSDTM	+0.0050%	8h	338.87	−0.012%	$1.4M	$28K	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.85	−0.018%	$261K	$366K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.02	+0.032%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.86	−0.015%	$1.3M	$2.1M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	339.05	+0.041%	$660K	$664K	10x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.78	−0.038%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.99	+0.024%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.97	+0.018%	$11K	—	10x	as long as short
tradeXYZ xyz:AAPL	+0.0140%	1h	339.05	+0.041%	$40.9M	$76.4M	20x	as long as short
Phoenix AAPL	+0.0212%	1h	339.18	+0.080%	$2K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.83	−0.024%	$191K	$44K	30x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0252%	1h	339.06	+0.044%	$28K	$64K	10x	as long as short
Arcus AAPL-USD	+0.0256%	1h	338.99	+0.024%	$270K	$69K	20x	as long as short