Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0059%/8h= −6.4% APRpaid last 24h −0.007%

Price spread now: Bybit against QFEX+0.050%7-day average +0.020% · 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−$22as in the Price arb table

costs, in and out, $10k−$250.245% of the position

Long on QFEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.011%−$1 on $10k

Price spread, last 7 days−0.053%−$5 · spread now +0.050%, 7d avg +0.020%

Together, before fees−0.064%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.030% dearer against QFEX than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of +0.020%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 40 hours. At the pace of the last 3 days (−0.011% in total) that is about 9.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX AAPL-USD	338.61	0.0059	pay 0.0007% / 1h	1m 59s	$3.2M	$5.0M	10x
Short	Bybit AAPLUSDT	338.78	0	get 0.0000% / 8h	7h 01m	$6.0M	$39.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$12.36
Price spread: +0.050% → +0.020%: $2.97
Slippage, 4 orders: −$3.51
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$33.9
Costs to cover: 0.245%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; Bybit: live order book, 2 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, 6 min ago	1.03 bp	6.0 bp −$6	7.2 bp −$72	12.5 bp −$1,249	doesn't fit
Sell Bybit live order book, 2 min ago	0.15 bp	6.3 bp −$6	9.5 bp −$95	38.4 bp −$3,837	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	−0.0342%	4h	338.60	−0.002%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0035%	1h	338.55	−0.019%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.65	+0.012%	$122K	$291K	20x	as long as short
Bybit AAPLUSDTshort	0.0000%	8h	338.78	+0.050%	$6.0M	$39.4M	100x
OKX AAPL-USDT-SWAP	0.0000%	8h	338.76	+0.044%	$6.4M	$6.6M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.50	−0.032%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.81	+0.059%	$6.2M	$3.4M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.66	+0.015%	$17K	$433K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.72	+0.032%	$911	$4.7M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.57	−0.012%	$28K	$67K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AAPL-USDT	0.0000%	8h	338.82	+0.062%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.73	+0.035%	$2.1M	$7K	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.52	−0.025%	$744K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.58	−0.009%	$954K	$3.6M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.44	−0.050%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.66	+0.015%	$40.8M	$75.8M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.42	−0.056%	$261K	$397K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.62	+0.003%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.42	−0.056%	$1.4M	$2.4M	20x	as long as short
Variational Omni AAPL	+0.0051%	8h	338.68	+0.019%	$2.4M	$1.4M	—	as long as short
QFEX AAPL-USDlong	+0.0059%	1h	338.61	long leg	$3.2M	$5.0M	10x
BloFin AAPL-USDT	+0.0065%	8h	338.81	+0.059%	$345K	$169K	20x	as long as short
Extended AAPL_24_5-USD	+0.0072%	1h	338.67	+0.018%	$284K	$2.0M	10x	as long as short
Hotstuff AAPL-PERP	+0.0072%	1h	338.65	+0.012%	$36K	—	20x	as long as short
Binance AAPLUSDT	+0.0075%	8h	338.74	+0.039%	$22.2M	$66.7M	25x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.63	+0.006%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.56	−0.015%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.57	−0.012%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.57	−0.010%	$10K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	338.51	−0.030%	$655K	$668K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.50	−0.032%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	338.72	+0.032%	$5K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0406%	1h	338.62	+0.003%	$269K	$70K	20x	as long as short