Settings8H · net · $10k
Funding arb · Price arb /

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.2% APRnext payment $1.20 per $10,000 · paid last 24h +0.049%
Price spread now: BloFin against KuCoin+0.035%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1461.460% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.103%+$10 on $10k
Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.035%, 7d avg +0.073%
Together, before fees+0.125%+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BloFin is 0.037% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.073%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.103%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin AAPLUSDTM338.750.0100pay 0.0100% / 8h4h 08m$1.4M$27K20x
ShortBloFin AAPL-USDT338.87−0.0020pay 0.0020% / 8h4h 08m$342K$168K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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

Funding earned
−$25.29
Price spread: +0.035% → +0.073%
−$3.75
Slippage, 4 orders
−$121.99
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$175.03
Costs to cover
1.460%
Break-even
never at this rate
Slippage from KuCoin: live order book, 7 min ago; BloFin: live order book, 26 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 7 min ago6.34 bp68.5 bp −$69doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 26 min ago0.15 bp6.1 bp −$67.0 bp −$7014.4 bp −$1,436doesn't fit

AAPL on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX AAPLUSDC−0.0256%4h338.81+0.019%$81K$326K20xas long as short
Nado AAPL-PERP−0.0026%1h338.74−0.002%$554K$38K20xas long as short
BloFin AAPL-USDTshort−0.0020%8h338.87+0.035%$342K$168K20x
Aster AAPLUSDT0.0000%8h338.75−0.001%$122K$290K20xas long as short
Extended AAPL_24_5-USD0.0000%1h338.75−0.001%$284K$2.0M10xas long as short
Binance AAPLUSDT0.0000%8h338.83+0.022%$21.9M$67.1M25xas long as short
Bybit AAPLUSDT0.0000%8h338.79+0.012%$5.9M$47.1M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h338.87+0.035%$6.3M$6.8M25xas long as short
Gate AAPL_USDT0.0000%8h338.68−0.021%$3.0M$4.3M100xas long as short
Bitget AAPLUSDT0.0000%8h338.94+0.056%$6.2M$3.5M100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni AAPL0.0000%8h338.88+0.037%$2.4M$1.4Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h338.92+0.050%$17K$411K10xas long as short
SunX AAPL-USDT0.0000%8h338.87+0.035%$678$4.6M20xas long as short
Deribit AAPL_USDC-PERPETUAL0.0000%1h338.67−0.024%$28K$67K10xas long as short
HTX AAPL-USDT0.0000%8h338.99+0.071%$53K$226K30xas long as short
Phemex AAPLUSDT0.0000%4h338.95+0.059%$2.1M$7K10xas long as short
QFEX AAPL-USD+0.0031%1h338.82+0.021%$3.2M$4.6M10xas long as short
Lighter AAPL+0.0032%1h338.73−0.007%$782K$2.5M20xas long as short
Lighter RH AAPL+0.0032%1h338.74−0.003%$947K$3.6M20xas long as short
Arcus AAPL-USD+0.0040%1h338.77+0.006%$266K$66K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h338.65−0.030%$45K25xas long as short
tradeXYZ xyz:AAPL+0.0050%1h338.750.000%$40.5M$75.9M20xas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.750.000%$278K$426K10xas long as short
SoDEX AAPL-USD+0.0050%1h338.750.000%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.63−0.035%$1.3M$2.5M20xas long as short
Hotstuff AAPL-PERP+0.0080%1h338.74−0.003%$36K20xas long as short
Coinbase International AAPL-PERP-INTX+0.0080%1h338.78+0.009%$659K$661K10xas long as short
KuCoin AAPLUSDTMlong+0.0100%8h338.75long leg$1.4M$27K20x
ApeX Omni AAPLUSDT+0.0100%1h338.67−0.024%$946K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h338.77+0.006%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h338.74−0.002%$11K10xas long as short
Injective AAPL/USDC PERP+0.0220%1h338.66−0.027%$191K$44K30xas long as short
Phoenix AAPL+0.0283%1h338.85+0.030%$5K$11K20xas long as short