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: HTX against QFEX+0.027%7-day average +0.036% · 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−$37as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on QFEX Short on HTX

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 3 days (all we have)−0.053%−$5 · spread now +0.027%, 7d avg +0.036%

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

The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX AAPL-USD	338.95	0.0059	pay 0.0007% / 1h	45m 49s	$3.2M	$5.1M	10x
Short	HTX AAPL-USDT	339.04	0	get 0.0000% / 8h	7h 45m	$52K	$225K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$12.36
Price spread: +0.027% → +0.036%: −$0.92
Slippage, 4 orders: −$14.18
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$49.46
Costs to cover: 0.362%
Break-even: never at this rate

Slippage from QFEX: live order book, 3 min ago; HTX: live order book, 26 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, 3 min ago	1.48 bp	6.5 bp −$6	6.5 bp −$65	13.2 bp −$1,323	doesn't fit
Sell HTX live order book, 26 min ago	2.80 bp	14.4 bp −$14	15.8 bp −$158	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	−0.0743%	4h	339.00	+0.013%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0043%	1h	338.78	−0.050%	$556K	$36K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.99	+0.012%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.98	+0.009%	$6.0M	$39.4M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.98	+0.009%	$6.5M	$6.6M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.74	−0.062%	$3.0M	$4.2M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.99	+0.012%	$13K	$479K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.95	0.000%	$478	$4.7M	20x	as long as short
HTX AAPL-USDTshort	0.0000%	8h	339.04	+0.027%	$52K	$225K	30x
Phemex AAPLUSDT	0.0000%	4h	338.98	+0.009%	$2.1M	$6K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAPL	+0.0032%	1h	338.83	−0.036%	$771K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.86	−0.027%	$957K	$3.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0045%	1h	338.84	−0.032%	$28K	$66K	10x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.77	−0.053%	—	$53K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.82	−0.038%	$40.8M	$76.0M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.83	−0.035%	$264K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.87	−0.024%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.56	−0.115%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USDlong	+0.0059%	1h	338.95	long leg	$3.2M	$5.1M	10x
Hotstuff AAPL-PERP	+0.0072%	1h	338.87	−0.024%	$36K	—	20x	as long as short
Bitget AAPLUSDT	+0.0076%	8h	338.95	0.000%	$6.2M	$3.4M	100x	as long as short
Variational Omni AAPL	+0.0096%	8h	338.98	+0.007%	$2.4M	$1.4M	—	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.59	−0.106%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.88	−0.021%	$947K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.93	−0.006%	$4K	—	10x	as long as short
BloFin AAPL-USDT	+0.0102%	8h	339.00	+0.015%	$346K	$170K	20x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.89	−0.018%	$11K	—	10x	as long as short
Binance AAPLUSDT	+0.0117%	8h	338.94	−0.002%	$22.3M	$66.8M	25x	as long as short
Extended AAPL_24_5-USD	+0.0120%	1h	338.87	−0.023%	$284K	$1.7M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	339.03	+0.024%	$660K	$669K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.78	−0.050%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	339.06	+0.032%	$5K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0406%	1h	338.88	−0.021%	$269K	$70K	20x	as long as short