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+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.033%
Price spread now: KuCoin against Bitget−0.035%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1451.446% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days−0.048%−$5 · spread now −0.035%, 7d avg −0.074%
Together, before fees−0.049%−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.039% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.074%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget AAPLUSDT339.830get 0.0000% / 8h4m 39s$6.2M$3.6M100x
ShortKuCoin AAPLUSDTM339.710.0100get 0.0100% / 8h4m 39s$1.4M$55K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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
$21
Price spread: −0.035% → −0.074%
$3.86
Slippage, 4 orders
−$120.6
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$119.73
Costs to cover
1.446%
Break-even
46.9 days
Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 11 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 Bitget live order book, 4 min ago0.15 bp9.4 bp −$913.2 bp −$13243.3 bp −$4,333doesn't fit
Sell KuCoin live order book, 11 min ago6.03 bp59.5 bp −$59doesn't fitdoesn't fitdoesn'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−0.0565%4h339.79−0.012%$81K$327K20xas long as short
Nado AAPL-PERP−0.0142%1h339.70−0.037%$556K$37K20xas long as short
Deribit AAPL_USDC-PERPETUAL−0.0074%1h339.61−0.065%$28K$69K10xas long as short
Hotstuff AAPL-PERP−0.0048%1h339.76−0.021%$36K20xas long as short
Aster AAPLUSDT0.0000%8h339.73−0.029%$121K$294K20xas long as short
Extended AAPL_24_5-USD0.0000%1h339.75−0.024%$286K$2.1M10xas long as short
Binance AAPLUSDT0.0000%8h339.84+0.002%$22.1M$67.3M25xas long as short
Bybit AAPLUSDT0.0000%8h339.86+0.009%$7.4M$165.1M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.77−0.018%$6.3M$6.9M25xas long as short
Gate AAPL_USDT0.0000%8h339.65−0.053%$3.0M$5.6M100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget AAPLUSDTlong0.0000%8h339.83long leg$6.2M$3.6M100x
Variational Omni AAPL0.0000%8h339.86+0.007%$2.5M$1.2Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h339.84+0.003%$13K$357K10xas long as short
SunX AAPL-USDT0.0000%8h339.84+0.003%$585$4.5M20xas long as short
HTX AAPL-USDT0.0000%8h339.88+0.015%$62K$245K30xas long as short
Phemex AAPLUSDT0.0000%4h339.84+0.003%$2.1M$7K10xas long as short
BloFin AAPL-USDT+0.0003%8h339.84+0.003%$344K$167K20xas long as short
QFEX AAPL-USD+0.0027%1h339.77−0.018%$3.2M$4.2M10xas long as short
Lighter AAPL+0.0032%1h339.73−0.028%$941K$2.7M20xas long as short
Lighter RH AAPL+0.0032%1h339.72−0.032%$954K$3.5M20xas long as short
Arcus AAPL-USD+0.0040%1h339.71−0.035%$267K$60K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h339.67−0.047%$45K25xas long as short
tradeXYZ xyz:AAPL+0.0050%1h339.74−0.026%$40.6M$76.2M20xas long as short
Polymarket Perps AAPL-USD+0.0050%1h339.72−0.032%$279K$423K10xas long as short
SoDEX AAPL-USD+0.0050%1h339.79−0.012%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h339.64−0.056%$1.3M$2.3M20xas long as short
Coinbase International AAPL-PERP-INTX+0.0064%1h339.55−0.082%$660K$660K10xas long as short
KuCoin AAPLUSDTMshort+0.0100%8h339.71−0.035%$1.4M$55K20x
ApeX Omni AAPLUSDT+0.0100%1h339.73−0.029%$949K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.72−0.032%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h339.75−0.023%$11K$10210xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.67−0.047%$191K$44K30xas long as short
Phoenix AAPL+0.0259%1h339.96+0.038%$5K$12K20xas long as short