Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.015%

Price spread now: Coinbase International against SunX−0.218%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1151.151% of the position

Long on SunX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 3 days (all we have)+0.228%+$23 · spread now −0.218%, 7d avg −0.061%

Together, before fees+0.274%+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.157% cheaper against SunX than usual: you would sell low and buy high (spread −0.218% now, against its 7-day average of −0.061%). If the spread goes back, that is −$16 on $10k: about 3.8 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.046% in total) that is about 24 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAPL-USDT	339.25	0	get 0.0000% / 8h	6h 18m	$451	$4.7M	20x
Short	Coinbase International AAPL-PERP-INTX	338.51	0.0136	get 0.0017% / 1h	18m 03s	$655K	$665K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against SunX. 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 SunXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.218%Rate

Funding earned: $28.56
Price spread: −0.218% → −0.061%: −$15.68
Slippage, 4 orders: −$97.06
Fee SunX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$102.17
Costs to cover: 1.151%
Break-even: 32.0 days

Slippage from SunX: live order book, 10 min ago; Coinbase International: live order book, 50 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 SunX live order book, 10 min ago	44.68 bp	49.2 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 50 min ago	1.77 bp	9.1 bp −$9	11.0 bp −$110	doesn't fit	doesn't fit

AAPL on 32 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	−0.0672%	4h	339.13	−0.036%	$81K	$326K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0251%	1h	339.03	−0.065%	$28K	$67K	10x	as long as short
Nado AAPL-PERP	−0.0079%	1h	339.26	+0.003%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.24	−0.002%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.31	+0.018%	$6.0M	$39.3M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.26	+0.003%	$6.3M	$6.7M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.08	−0.050%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.18	−0.021%	$6.2M	$3.5M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.06	−0.055%	$17K	$433K	10x	as long as short
SunX AAPL-USDTlong	0.0000%	8h	339.25	long leg	$451	$4.7M	20x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AAPL-USDT	0.0000%	8h	339.35	+0.029%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.20	−0.015%	$2.1M	$6K	10x	as long as short
Variational Omni AAPL	+0.0012%	8h	339.19	−0.019%	$2.4M	$1.4M	—	as long as short
QFEX AAPL-USD	+0.0028%	1h	339.14	−0.032%	$3.2M	$4.9M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.18	−0.022%	$743K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.19	−0.018%	$951K	$3.5M	20x	as long as short
Extended AAPL_24_5-USD	+0.0040%	1h	339.16	−0.026%	$288K	$2.0M	10x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.04	−0.062%	$270K	$70K	20x	as long as short
Binance AAPLUSDT	+0.0041%	8h	339.26	+0.003%	$22.3M	$66.8M	25x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.12	−0.038%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.96	−0.085%	$262K	$396K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.22	−0.009%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.98	−0.080%	$1.4M	$2.5M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0056%	1h	339.21	−0.012%	$40.8M	$75.7M	20x	as long as short
Hotstuff AAPL-PERP	+0.0088%	1h	339.19	−0.018%	$36K	—	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.05	−0.059%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.08	−0.050%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.13	−0.035%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.15	−0.030%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTXshort	+0.0136%	1h	338.51	−0.218%	$655K	$665K	10x
Injective AAPL/USDC PERP	+0.0220%	1h	338.92	−0.097%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.21	−0.012%	$5K	$11K	20x	as long as short