Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0028%/8h= −3.0% APRpaid last 24h +0.029%

Price spread now: tradeXYZ against KuCoin+0.015%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1421.423% of the position

Long on KuCoin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 7 days−0.048%−$5 · spread now +0.015%, 7d avg −0.029%

Together, before fees−0.080%+ Points / potential airdroptradeXYZ: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.044% dearer against KuCoin than usual: you sell high and buy low (spread +0.015% now, against its 7-day average of −0.029%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAPLUSDTM	338.69	0.0100	pay 0.0100% / 8h	4h 59m	$1.4M	$27K	20x
Short	tradeXYZ xyz:AAPL	338.74	0.0072	get 0.0009% / 1h	59m 39s	$40.6M	$75.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$5.83
Price spread: +0.015% → −0.029%: $4.39
Slippage, 4 orders: −$112.33
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$143.77
Costs to cover: 1.423%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; tradeXYZ: live order book, 10 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	6.05 bp	68.9 bp −$69	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	0.29 bp	10.0 bp −$10	12.5 bp −$125	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	−0.0780%	4h	338.78	+0.027%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0037%	1h	338.63	−0.017%	$554K	$38K	20x	as long as short
BloFin AAPL-USDT	−0.0014%	8h	338.87	+0.053%	$343K	$169K	20x	as long as short
Hotstuff AAPL-PERP	−0.0008%	1h	338.76	+0.021%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.80	+0.034%	$122K	$290K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.70	+0.002%	$286K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.80	+0.032%	$22.2M	$66.9M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.82	+0.038%	$5.9M	$39.3M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.87	+0.053%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.60	−0.027%	$3.0M	$4.2M	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	338.94	+0.074%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	338.86	+0.049%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.83	+0.040%	$17K	$425K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.85	+0.047%	$302	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.53	−0.047%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	338.89	+0.059%	$52K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.89	+0.059%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0013%	1h	338.79	+0.030%	$3.2M	$4.8M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.64	−0.015%	$780K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.68	−0.003%	$947K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.74	+0.015%	$269K	$69K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.58	−0.032%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	338.78	+0.027%	$659K	$671K	10x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.56	−0.038%	$261K	$370K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.75	+0.018%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.58	−0.032%	$1.3M	$2.5M	20x	as long as short
tradeXYZ xyz:AAPLshort	+0.0072%	1h	338.74	+0.015%	$40.6M	$75.8M	20x
KuCoin AAPLUSDTMlong	+0.0100%	8h	338.69	long leg	$1.4M	$27K	20x
ApeX Omni AAPLUSDT	+0.0100%	1h	338.60	−0.027%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.68	−0.003%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.71	+0.005%	$10K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.74	+0.310%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	338.89	+0.059%	$5K	$11K	20x	as long as short