Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0477%/8h= −52.2% APRpaid last 24h +0.001%

Price spread now: Deribit against Binance−0.114%55s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Deribit is 0.114% cheaper against Binance than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 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	Binance AAPLUSDT	338.70	0.0077	pay 0.0077% / 8h	7h 04m	$22.2M	$66.8M	25x
Short	Deribit AAPL_USDC-PERPETUAL	338.31	−0.0400	pay 0.0050% / 1h	4m 29s	$28K	$67K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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

Position, each leg$Hold fordaysFee BinancebpFee DeribitbpOrdersPrice spread, now −0.114%Rate

Funding earned: −$100.1
Price spread: −0.114% → 0.000%: −$11.41
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$128.51
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 8 min ago; Deribit: no order-book sample. Net counts fees only.

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, 8 min ago	0.15 bp	5.6 bp −$6	9.3 bp −$93	36.7 bp −$3,669	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Deribit AAPL_USDC-PERPETUALshort	−0.0400%	1h	338.31	−0.114%	$28K	$67K	10x
edgeX AAPLUSDC	−0.0342%	4h	338.60	−0.027%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0035%	1h	338.56	−0.040%	$554K	$38K	20x	as long as short
Hotstuff AAPL-PERP	−0.0016%	1h	338.58	−0.034%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.68	−0.006%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.71	+0.004%	$6.0M	$39.4M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.71	+0.004%	$6.4M	$6.6M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.53	−0.049%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.78	+0.025%	$6.2M	$3.4M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.66	−0.012%	$17K	$433K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AAPL-USDT	0.0000%	8h	338.67	−0.008%	$552	$4.7M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	338.82	+0.037%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.67	−0.008%	$2.1M	$6K	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.52	−0.051%	$745K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.59	−0.031%	$953K	$3.6M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.45	−0.073%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.64	−0.017%	$40.8M	$75.8M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.42	−0.082%	$261K	$397K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.63	−0.020%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.38	−0.093%	$1.4M	$2.4M	20x	as long as short
Variational Omni AAPL	+0.0051%	8h	338.68	−0.006%	$2.4M	$1.4M	—	as long as short
QFEX AAPL-USD	+0.0059%	1h	338.55	−0.043%	$3.2M	$5.0M	10x	as long as short
BloFin AAPL-USDT	+0.0068%	8h	338.81	+0.034%	$345K	$169K	20x	as long as short
Binance AAPLUSDTlong	+0.0077%	8h	338.70	long leg	$22.2M	$66.8M	25x
Extended AAPL_24_5-USD	+0.0080%	1h	338.61	−0.025%	$284K	$2.0M	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.63	−0.020%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.53	−0.049%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.57	−0.037%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.57	−0.036%	$10K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	338.51	−0.055%	$655K	$668K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.50	−0.058%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	338.76	+0.019%	$5K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0406%	1h	338.60	−0.028%	$269K	$70K	20x	as long as short