Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.002%

Price spread now: Bitget against QFEX+0.035%56s7-day average +0.042% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.294% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.003%$0 on $10k

Price spread, last 7 days−0.008%−$1 · spread now +0.035%, 7d avg +0.042%

Together, before fees−0.011%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX AAPL-USD	339.14	0.0020	pay 0.0002% / 1h	49m 44s	$3.2M	$4.4M	10x
Short	Bitget AAPLUSDT	339.26	0	get 0.0000% / 8h	2h 49m	$6.2M	$3.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against QFEX. 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 QFEXbpFee BitgetbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$4.17
Price spread: +0.035% → +0.042%: −$0.68
Slippage, 4 orders: −$7.42
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$34.27
Costs to cover: 0.294%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; Bitget: live order book, 3 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 QFEX live order book, 4 min ago	1.47 bp	6.5 bp −$6	7.4 bp −$74	13.9 bp −$1,394	doesn't fit
Sell Bitget live order book, 3 min ago	0.15 bp	10.3 bp −$10	15.4 bp −$154	40.0 bp −$4,000	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	−0.0569%	4h	339.18	+0.013%	$81K	$327K	20x	as long as short
Hotstuff AAPL-PERP	−0.0056%	1h	339.02	−0.035%	$36K	—	20x	as long as short
Nado AAPL-PERP	−0.0042%	1h	339.01	−0.038%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.04	−0.030%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.09	−0.015%	$278K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.17	+0.009%	$21.9M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.16	+0.006%	$7.0M	$81.8M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.18	+0.012%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.97	−0.050%	$3.0M	$4.6M	100x	as long as short
Bitget AAPLUSDTshort	0.0000%	8h	339.26	+0.035%	$6.2M	$3.5M	100x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.25	+0.031%	$2.4M	$1.3M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.18	+0.011%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.20	+0.018%	$675	$4.6M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.31	+0.050%	$52K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.26	+0.035%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0012%	8h	339.22	+0.024%	$342K	$168K	20x	as long as short
QFEX AAPL-USDlong	+0.0020%	1h	339.14	long leg	$3.2M	$4.4M	10x
Lighter AAPL	+0.0032%	1h	339.03	−0.034%	$835K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.05	−0.027%	$938K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.04	−0.029%	$266K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.95	−0.056%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	339.08	−0.018%	$662K	$657K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.04	−0.029%	$40.5M	$76.3M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.09	−0.015%	$277K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.05	−0.027%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.00	−0.041%	$1.3M	$2.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.06	−0.024%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.98	−0.047%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.05	−0.027%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.08	−0.017%	$11K	—	10x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0104%	1h	339.11	−0.009%	$28K	$68K	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.20	+0.018%	$5K	$11K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.54	+0.118%	$191K	$44K	30x	as long as short