Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.040%

Price spread now: Coinbase International against KuCoin+0.047%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1251.249% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)+0.015%+$2 · spread now +0.047%, 7d avg +0.004%

Together, before fees+0.058%+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.044% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAPLUSDTM	338.62	0.0100	pay 0.0100% / 8h	3h 39m	$1.4M	$38K	20x
Short	Coinbase International AAPL-PERP-INTX	338.78	0.0096	get 0.0012% / 1h	39m 34s	$661K	$657K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee KuCoinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$0.84
Price spread: +0.047% → +0.004%: $4.37
Slippage, 4 orders: −$102.86
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$121.33
Costs to cover: 1.249%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Coinbase International: live order book, 14 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 KuCoin live order book, 6 min ago	6.49 bp	49.1 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 14 min ago	2.07 bp	7.2 bp −$7	9.6 bp −$96	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	−0.0447%	4h	338.87	+0.073%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0108%	1h	338.85	+0.067%	$554K	$38K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0016%	1h	338.69	+0.021%	$28K	$67K	10x	as long as short
BloFin AAPL-USDT	−0.0015%	8h	338.93	+0.092%	$340K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.83	+0.063%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.90	+0.084%	$284K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.00	+0.111%	$21.9M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.92	+0.089%	$5.9M	$63.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.01	+0.115%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.75	+0.038%	$3.0M	$4.4M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	338.98	+0.106%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	338.93	+0.090%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.90	+0.084%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.91	+0.086%	$637	$4.6M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	338.98	+0.106%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.94	+0.095%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0030%	1h	338.94	+0.095%	$3.2M	$4.5M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.81	+0.057%	$783K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.82	+0.059%	$945K	$3.6M	20x	as long as short
Hotstuff AAPL-PERP	+0.0040%	1h	338.85	+0.068%	$36K	—	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.80	+0.053%	$266K	$63K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.78	+0.047%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.79	+0.050%	$40.5M	$76.0M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.80	+0.053%	$278K	$405K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.77	+0.044%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.66	+0.012%	$1.3M	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTXshort	+0.0096%	1h	338.78	+0.047%	$661K	$657K	10x
KuCoin AAPLUSDTMlong	+0.0100%	8h	338.62	long leg	$1.4M	$38K	20x
ApeX Omni AAPLUSDT	+0.0100%	1h	338.79	+0.050%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.81	+0.056%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.81	+0.056%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.69	+0.021%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	338.97	+0.103%	$5K	$11K	20x	as long as short