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+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.024%
Price spread now: KuCoin against OKX−0.082%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$244as in the Funding arb table
Net, price: spread back to 7d avg − costs−$250as in the Price arb table
costs, in and out, $10k−$2462.461% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.020%+$2 on $10k
Price spread, last 7 days+0.064%+$6 · spread now −0.082%, 7d avg −0.041%
Together, before fees+0.084%+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.042% cheaper against OKX than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of −0.041%). If the spread goes back, that is −$4 on $10k: about 33 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.020% in total) that is about 15 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX AAPL-USDT-SWAP339.900get 0.0000% / 8h32m 24s$6.3M$6.9M25x
ShortKuCoin AAPLUSDTM339.620.0100get 0.0100% / 8h32m 24s$1.4M$42K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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
$21
Price spread: −0.082% → −0.041%
−$4.18
Slippage, 4 orders
−$224.13
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$229.31
Costs to cover
2.461%
Break-even
83.4 days
Slippage from OKX: live order book, 6 min ago; KuCoin: live order book, 3 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 OKX live order book, 6 min ago0.15 bp7.1 bp −$712.4 bp −$124doesn't fitdoesn't fit
Sell KuCoin live order book, 3 min ago6.62 bp96.7 bp −$97doesn't fitdoesn't fitdoesn'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−0.0920%4h339.68−0.064%$81K$327K20xas long as short
Nado AAPL-PERP−0.0154%1h339.80−0.029%$556K$37K20xas long as short
Hotstuff AAPL-PERP−0.0072%1h339.83−0.021%$36K20xas long as short
BloFin AAPL-USDT−0.0003%8h339.83−0.021%$343K$167K20xas long as short
Aster AAPLUSDT0.0000%8h339.81−0.026%$121K$292K20xas long as short
Extended AAPL_24_5-USD0.0000%1h339.84−0.018%$289K$2.1M10xas long as short
Binance AAPLUSDT0.0000%8h339.93+0.009%$22.1M$67.5M25xas long as short
Bybit AAPLUSDT0.0000%8h339.94+0.012%$7.4M$139.1M100xas long as short
OKX AAPL-USDT-SWAPlong0.0000%8h339.90long leg$6.3M$6.9M25x
Gate AAPL_USDT0.0000%8h339.70−0.059%$3.0M$5.4M100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget AAPLUSDT0.0000%8h339.93+0.009%$6.2M$3.6M100xas long as short
Variational Omni AAPL0.0000%8h339.74−0.049%$2.5M$1.2Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h339.85−0.015%$13K$357K10xas long as short
SunX AAPL-USDT0.0000%8h339.91+0.003%$612$4.5M20xas long as short
Deribit AAPL_USDC-PERPETUAL0.0000%1h339.69−0.062%$28K$69K10xas long as short
HTX AAPL-USDT0.0000%8h339.79−0.032%$62K$244K30xas long as short
Phemex AAPLUSDT0.0000%4h339.89−0.003%$2.1M$7K10xas long as short
QFEX AAPL-USD+0.0027%1h339.81−0.026%$3.2M$4.2M10xas long as short
Lighter AAPL+0.0032%1h339.79−0.032%$942K$2.7M20xas long as short
Lighter RH AAPL+0.0032%1h339.77−0.038%$950K$3.5M20xas long as short
Arcus AAPL-USD+0.0040%1h339.71−0.056%$267K$60K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h339.76−0.041%$45K25xas long as short
tradeXYZ xyz:AAPL+0.0050%1h339.85−0.015%$40.6M$76.2M20xas long as short
Polymarket Perps AAPL-USD+0.0050%1h339.74−0.047%$279K$424K10xas long as short
SoDEX AAPL-USD+0.0050%1h339.85−0.015%$76K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h339.74−0.047%$1.3M$2.4M20xas long as short
Coinbase International AAPL-PERP-INTX+0.0064%1h339.55−0.103%$660K$661K10xas long as short
KuCoin AAPLUSDTMshort+0.0100%8h339.62−0.082%$1.4M$42K20x
ApeX Omni AAPLUSDT+0.0100%1h339.77−0.038%$949K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.77−0.038%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h339.74−0.046%$11K$10210xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.61−0.085%$191K$44K30xas long as short
Phoenix AAPL+0.0259%1h339.87−0.009%$5K$12K20xas long as short