Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h +0.007%

Price spread now: QFEX against Aster+0.019%53s7-day average −0.022% · 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−$520.525% of the position

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.013%+$1 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.019%, 7d avg −0.022%

Together, before fees−0.080%+ Points / potential airdropAster: Stage 5 · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.041% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.022%. The two prices were read 53 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	Aster AAPLUSDT	339.61	0	get 0.0000% / 8h	1h 00m	$121K	$292K	20x
Short	QFEX AAPL-USD	339.67	0.0023	get 0.0003% / 1h	0m 37s	$3.3M	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Aster. 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 AsterbpFee QFEXbpOrdersPrice spread, now +0.019%Rate

Funding earned: $4.8
Price spread: +0.019% → −0.022%: $4.06
Slippage, 4 orders: −$34.48
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$43.61
Costs to cover: 0.525%
Break-even: 70.5 days

Slippage from Aster: live order book, 41 min ago; QFEX: 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 Aster live order book, 41 min ago	3.24 bp	21.2 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	1.91 bp	6.9 bp −$7	8.5 bp −$85	14.7 bp −$1,467	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	−0.0636%	4h	339.69	+0.026%	$81K	$328K	20x	as long as short
Nado AAPL-PERP	−0.0050%	1h	339.58	−0.009%	$555K	$37K	20x	as long as short
Hotstuff AAPL-PERP	−0.0008%	1h	339.67	+0.019%	$36K	—	20x	as long as short
Aster AAPLUSDTlong	0.0000%	8h	339.61	long leg	$121K	$292K	20x
Extended AAPL_24_5-USD	0.0000%	1h	339.63	+0.006%	$286K	$1.9M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.73	+0.036%	$22.1M	$67.5M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.77	+0.048%	$5.9M	$128.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.70	+0.028%	$6.3M	$7.0M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.51	−0.028%	$3.0M	$5.3M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.72	+0.034%	$6.2M	$3.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.75	+0.044%	$2.4M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.71	+0.032%	$16K	$402K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.74	+0.039%	$537	$4.5M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.53	−0.022%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.79	+0.054%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.74	+0.039%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0023%	8h	339.76	+0.045%	$342K	$168K	20x	as long as short
QFEX AAPL-USDshort	+0.0023%	1h	339.67	+0.019%	$3.3M	$4.3M	10x
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.55	−0.016%	$660K	$662K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.63	+0.008%	$945K	$2.7M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.63	+0.007%	$949K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.63	+0.007%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.49	−0.034%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.62	+0.004%	$279K	$424K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.67	+0.019%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.49	−0.034%	$1.3M	$2.4M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0084%	1h	339.65	+0.013%	$40.6M	$76.2M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.47	−0.040%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.51	−0.028%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.59	−0.005%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.63	+0.008%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.86	+0.075%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.48	−0.037%	$191K	$44K	30x	as long as short