Settings8H · net · $10k
Funding arb · Price arb /

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
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%
Together, before fees−0.042%−$4 on $10k · with fees, hour by hour
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance AAPLUSDT338.960.0064pay 0.0064% / 8h6h 42m$22.2M$66.8M25x
ShortBybit AAPLUSDT338.990get 0.0000% / 8h6h 42m$6.0M$39.3M100x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 15 min ago0.15 bp5.5 bp −$69.1 bp −$9131.7 bp −$3,170doesn't fit
Sell Bybit live order book, 1 min ago0.15 bp6.3 bp −$69.9 bp −$9937.5 bp −$3,749doesn't fit

AAPL on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX AAPLUSDC−0.0775%4h338.85−0.032%$81K$327K20xas long as short
Nado AAPL-PERP−0.0067%1h338.80−0.049%$555K$38K20xas long as short
Aster AAPLUSDT0.0000%8h338.95−0.004%$122K$291K20xas long as short
Bybit AAPLUSDTshort0.0000%8h338.99+0.009%$6.0M$39.3M100x
OKX AAPL-USDT-SWAP0.0000%8h338.94−0.006%$6.4M$6.6M25xas long as short
Hotstuff AAPL-PERP0.0000%1h338.89−0.021%$36K20xas long as short
Gate AAPL_USDT0.0000%8h338.75−0.062%$3.0M$4.2M100xas long as short
Bitget AAPLUSDT0.0000%8h338.99+0.009%$6.2M$3.4M100xas long as short
GRVT AAPL_USDT_Perp0.0000%8h338.87−0.025%$17K$433K10xas long as short
SunX AAPL-USDT0.0000%8h338.94−0.006%$780$4.7M20xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit AAPL_USDC-PERPETUAL0.0000%1h338.80−0.047%$28K$67K10xas long as short
HTX AAPL-USDT0.0000%8h339.07+0.032%$52K$225K30xas long as short
Phemex AAPLUSDT0.0000%4h338.95−0.003%$2.1M$6K10xas long as short
QFEX AAPL-USD+0.0028%1h338.90−0.018%$3.2M$4.9M10xas long as short
Lighter AAPL+0.0032%1h338.80−0.049%$744K$2.3M20xas long as short
Lighter RH AAPL+0.0032%1h338.84−0.035%$953K$3.5M20xas long as short
Variational Omni AAPL+0.0034%8h338.90−0.016%$2.4M$1.4Mas long as short
Arcus AAPL-USD+0.0040%1h338.82−0.041%$269K$70K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h338.69−0.080%$45K25xas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.66−0.089%$261K$395K10xas long as short
SoDEX AAPL-USD+0.0050%1h338.89−0.021%$75K$3K10xas long as short
BloFin AAPL-USDT+0.0050%8h338.91−0.015%$347K$169K20xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.71−0.074%$1.4M$2.4M20xas long as short
Binance AAPLUSDTlong+0.0064%8h338.96long leg$22.2M$66.8M25x
Extended AAPL_24_5-USD+0.0064%1h338.88−0.024%$284K$2.0M10xas long as short
tradeXYZ xyz:AAPL+0.0095%1h338.90−0.018%$40.8M$75.8M20xas long as short
KuCoin AAPLUSDTM+0.0100%8h338.68−0.083%$1.4M$27K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h338.67−0.086%$946K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h338.87−0.027%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h338.85−0.033%$11K10xas long as short
Coinbase International AAPL-PERP-INTX+0.0136%1h338.51−0.133%$655K$665K10xas long as short
Injective AAPL/USDC PERP+0.0220%1h338.65−0.091%$191K$44K30xas long as short
Phoenix AAPL+0.0236%1h338.95−0.003%$5K$11K20xas long as short