Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.012%

Price spread now: HTX against tradeXYZ+0.038%7-day average +0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on tradeXYZ Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.038%, 7d avg +0.106%

Together, before fees+0.045%+ Points / potential airdroptradeXYZ: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and HTX is 0.067% cheaper against tradeXYZ than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.106%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AAPL	339.86	0.0050	pay 0.0006% / 1h	31m 11s	$40.6M	$76.2M	20x
Short	HTX AAPL-USDT	339.99	0	get 0.0000% / 8h	31m 11s	$62K	$245K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against tradeXYZ. 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 tradeXYZbpFee HTXbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$10.5
Price spread: +0.038% → +0.106%: −$6.73
Slippage, 4 orders: −$7.61
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$54.84
Costs to cover: 0.376%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 8 min ago; HTX: live order book, 5 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 tradeXYZ live order book, 8 min ago	0.29 bp	10.1 bp −$10	12.8 bp −$128	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	1.32 bp	7.3 bp −$7	13.5 bp −$135	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	−0.0987%	4h	339.86	0.000%	$81K	$328K	20x	as long as short
Nado AAPL-PERP	−0.0151%	1h	339.78	−0.024%	$556K	$37K	20x	as long as short
Hotstuff AAPL-PERP	−0.0072%	1h	339.83	−0.009%	$36K	—	20x	as long as short
BloFin AAPL-USDT	−0.0005%	8h	339.83	−0.009%	$343K	$167K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.78	−0.025%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.81	−0.016%	$289K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.90	+0.011%	$22.1M	$67.5M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.91	+0.015%	$6.7M	$140.6M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.89	+0.009%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.69	−0.050%	$3.0M	$5.4M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	339.88	+0.006%	$6.2M	$3.6M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.74	−0.037%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.85	−0.003%	$13K	$357K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.89	+0.009%	$969	$4.5M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.66	−0.059%	$28K	$69K	10x	as long as short
HTX AAPL-USDTshort	0.0000%	8h	339.99	+0.038%	$62K	$245K	30x
Phemex AAPLUSDT	0.0000%	4h	339.89	+0.009%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0027%	1h	339.79	−0.021%	$3.2M	$4.2M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.78	−0.022%	$942K	$2.7M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.76	−0.029%	$950K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.73	−0.038%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.69	−0.050%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPLlong	+0.0050%	1h	339.86	long leg	$40.6M	$76.2M	20x
Polymarket Perps AAPL-USD	+0.0050%	1h	339.74	−0.035%	$279K	$424K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.85	−0.003%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.74	−0.035%	$1.3M	$2.4M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0064%	1h	339.55	−0.091%	$660K	$661K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.63	−0.068%	$1.4M	$43K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.72	−0.041%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.77	−0.026%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.76	−0.028%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.71	−0.044%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	339.96	+0.029%	$5K	$12K	20x	as long as short