Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h +0.007%

Price spread now: QFEX against OKX−0.006%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.013%+$1 on $10k

Price spread, last 7 days+0.036%+$4 · spread now −0.006%, 7d avg −0.009%

Together, before fees+0.049%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AAPL-USDT-SWAP	340.07	0	get 0.0000% / 8h	7h 36m	$6.3M	$7.0M	25x
Short	QFEX AAPL-USD	340.05	0.0010	get 0.0001% / 1h	36m 11s	$3.2M	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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

Position, each leg$Hold fordaysFee OKXbpFee QFEXbpOrdersPrice spread, now −0.006%Rate

Funding earned: $2.02
Price spread: −0.006% → −0.009%: $0.32
Slippage, 4 orders: −$6.34
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$24
Costs to cover: 0.263%
Break-even: 90.3 days

Slippage from OKX: live order book, 2 min ago; QFEX: live order book, 7 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 OKX live order book, 2 min ago	0.15 bp	5.4 bp −$5	10.6 bp −$106	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	1.03 bp	6.0 bp −$6	6.0 bp −$60	10.1 bp −$1,013	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
Nado AAPL-PERP	−0.0017%	1h	339.96	−0.031%	$556K	$36K	20x	as long as short
BloFin AAPL-USDT	−0.0013%	8h	340.20	+0.038%	$345K	$166K	20x	as long as short
edgeX AAPLUSDC	−0.0011%	4h	340.24	+0.049%	$81K	$326K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	340.05	−0.007%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	340.02	−0.015%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	340.16	+0.026%	$22.2M	$67.3M	25x	as long as short
OKX AAPL-USDT-SWAPlong	0.0000%	8h	340.07	long leg	$6.3M	$7.0M	25x
Gate AAPL_USDT	0.0000%	8h	339.96	−0.032%	$3.0M	$5.7M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	340.13	+0.018%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	340.07	+0.001%	$2.5M	$1.2M	—	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	340.34	+0.079%	$13K	$350K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	340.16	+0.026%	$725	$4.3M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	340.03	−0.012%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	340.19	+0.035%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	340.17	+0.029%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USDshort	+0.0010%	1h	340.05	−0.006%	$3.2M	$4.2M	10x
Hotstuff AAPL-PERP	+0.0024%	1h	340.01	−0.018%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	340.14	+0.021%	$662K	$660K	10x	as long as short
Lighter AAPL	+0.0032%	1h	340.10	+0.008%	$932K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	340.08	+0.003%	$968K	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	340.05	−0.006%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.90	−0.050%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.88	−0.056%	$279K	$350K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.97	−0.029%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.89	−0.053%	$1.3M	$2.3M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0059%	1h	339.98	−0.026%	$40.4M	$76.6M	20x	as long as short
Bybit AAPLUSDT	+0.0072%	8h	340.17	+0.029%	$7.7M	$190.3M	100x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	340.03	−0.012%	$1.4M	$77K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.97	−0.029%	$950K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	340.08	+0.003%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	340.04	−0.009%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	340.16	+0.026%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.80	+0.215%	$192K	$44K	30x	as long as short