Funding you earn now, next payment 08:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.64 per $10,000 · paid last 24h −0.013%
Price spread now: Bybit against Binance+0.009%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$230.232% of the position
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 2 days (all we have)−0.020%−$2 · spread now +0.009%, 7d avg −0.010%
=The price spread sits at its 7-day average of −0.010%, 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 | Binance AAPLUSDT | 338.96 | 0.0064 | pay 0.0064% / 8h | 6h 42m | $22.2M | $66.8M | 25x |
| Short | Bybit AAPLUSDT | 338.99 | 0 | get 0.0000% / 8h | 6h 42m | $6.0M | $39.3M | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$13.4
- Price spread: +0.009% → −0.010%
- $1.87
- Slippage, 4 orders
- −$2.19
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$34.72
- Costs to cover
- 0.232%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; Bybit: live order book, 1 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 Binance live order book, 15 min ago | 0.15 bp | 5.5 bp −$6 | 9.1 bp −$91 | 31.7 bp −$3,170 | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.15 bp | 6.3 bp −$6 | 9.9 bp −$99 | 37.5 bp −$3,749 | 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 | −0.0775% | 4h | 338.85 | −0.032% | $81K | $327K | 20x | as long as short |
| Nado AAPL-PERP | −0.0067% | 1h | 338.80 | −0.049% | $555K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.95 | −0.004% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDTshort | 0.0000% | 8h | 338.99 | +0.009% | $6.0M | $39.3M | 100x | |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 338.94 | −0.006% | $6.4M | $6.6M | 25x | as long as short |
| Hotstuff AAPL-PERP | 0.0000% | 1h | 338.89 | −0.021% | $36K | — | 20x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.75 | −0.062% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 338.99 | +0.009% | $6.2M | $3.4M | 100x | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 338.87 | −0.025% | $17K | $433K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 338.94 | −0.006% | $780 | $4.7M | 20x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.80 | −0.047% | $28K | $67K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.07 | +0.032% | $52K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 338.95 | −0.003% | $2.1M | $6K | 10x | as long as short |
| QFEX AAPL-USD | +0.0028% | 1h | 338.90 | −0.018% | $3.2M | $4.9M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.80 | −0.049% | $744K | $2.3M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 338.84 | −0.035% | $953K | $3.5M | 20x | as long as short |
| Variational Omni AAPL | +0.0034% | 8h | 338.90 | −0.016% | $2.4M | $1.4M | — | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 338.82 | −0.041% | $269K | $70K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.69 | −0.080% | — | $45K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.66 | −0.089% | $261K | $395K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.89 | −0.021% | $75K | $3K | 10x | as long as short |
| BloFin AAPL-USDT | +0.0050% | 8h | 338.91 | −0.015% | $347K | $169K | 20x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.71 | −0.074% | $1.4M | $2.4M | 20x | as long as short |
| Binance AAPLUSDTlong | +0.0064% | 8h | 338.96 | long leg | $22.2M | $66.8M | 25x | |
| Extended AAPL_24_5-USD | +0.0064% | 1h | 338.88 | −0.024% | $284K | $2.0M | 10x | as long as short |
| tradeXYZ xyz:AAPL | +0.0095% | 1h | 338.90 | −0.018% | $40.8M | $75.8M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.68 | −0.083% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.67 | −0.086% | $946K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.87 | −0.027% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.85 | −0.033% | $11K | — | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0136% | 1h | 338.51 | −0.133% | $655K | $665K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.65 | −0.091% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0236% | 1h | 338.95 | −0.003% | $5K | $11K | 20x | as long as short |
Binance AAPLUSDT
Bybit AAPLUSDT
edgeX AAPLUSDC
Aster AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
Lighter AAPL
Lighter RH AAPL
Variational Omni AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
BloFin AAPL-USDT
Extended AAPL_24_5-USD
tradeXYZ xyz:AAPL
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP
Phoenix AAPL