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+0.0115%/8h= +12.5% APRnext payment +$1.15 per $10,000 · paid last 24h −0.049%
Price spread now: KuCoin against BloFin−0.091%95s7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1221.219% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.103%−$10 on $10k
Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.091%, 7d avg −0.072%
Together, before fees−0.086%−$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.072%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.103%, so the current rate has only just turned in your favour. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin AAPL-USDT338.93−0.0015get 0.0015% / 8h3h 39m$340K$168K20x
ShortKuCoin AAPLUSDTM338.620.0100get 0.0100% / 8h3h 39m$1.4M$38K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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
$24.05
Price spread: −0.091% → −0.072%
−$1.91
Slippage, 4 orders
−$97.87
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$99.73
Costs to cover
1.219%
Break-even
36.0 days
Slippage from BloFin: live order book, 55 min ago; KuCoin: live order book, 6 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 BloFin live order book, 55 min ago0.15 bp6.5 bp −$68.3 bp −$8320.7 bp −$2,071doesn't fit
Sell KuCoin live order book, 6 min ago6.49 bp60.2 bp −$60doesn'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−0.0447%4h338.87−0.019%$81K$326K20xas long as short
Nado AAPL-PERP−0.0108%1h338.85−0.025%$554K$38K20xas long as short
Deribit AAPL_USDC-PERPETUAL−0.0016%1h338.69−0.071%$28K$67K10xas long as short
BloFin AAPL-USDTlong−0.0015%8h338.93long leg$340K$168K20x
Aster AAPLUSDT0.0000%8h338.83−0.029%$121K$292K20xas long as short
Extended AAPL_24_5-USD0.0000%1h338.90−0.008%$284K$2.0M10xas long as short
Binance AAPLUSDT0.0000%8h339.00+0.020%$21.9M$67.1M25xas long as short
Bybit AAPLUSDT0.0000%8h338.92−0.003%$5.9M$63.9M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.01+0.024%$6.3M$6.8M25xas long as short
Gate AAPL_USDT0.0000%8h338.75−0.053%$3.0M$4.4M100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget AAPLUSDT0.0000%8h338.98+0.015%$6.2M$3.5M100xas long as short
Variational Omni AAPL0.0000%8h338.93−0.001%$2.4M$1.4Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h338.90−0.008%$16K$411K10xas long as short
SunX AAPL-USDT0.0000%8h338.91−0.006%$637$4.6M20xas long as short
HTX AAPL-USDT0.0000%8h338.98+0.015%$53K$225K30xas long as short
Phemex AAPLUSDT0.0000%4h338.94+0.003%$2.1M$7K10xas long as short
QFEX AAPL-USD+0.0030%1h338.94+0.003%$3.2M$4.5M10xas long as short
Lighter AAPL+0.0032%1h338.81−0.034%$783K$2.4M20xas long as short
Lighter RH AAPL+0.0032%1h338.82−0.032%$945K$3.6M20xas long as short
Hotstuff AAPL-PERP+0.0040%1h338.85−0.024%$36K20xas long as short
Arcus AAPL-USD+0.0040%1h338.80−0.038%$266K$63K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h338.78−0.044%$45K25xas long as short
tradeXYZ xyz:AAPL+0.0050%1h338.79−0.041%$40.5M$76.0M20xas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.80−0.038%$278K$405K10xas long as short
SoDEX AAPL-USD+0.0050%1h338.77−0.047%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.66−0.080%$1.3M$2.5M20xas long as short
Coinbase International AAPL-PERP-INTX+0.0096%1h338.78−0.044%$661K$657K10xas long as short
KuCoin AAPLUSDTMshort+0.0100%8h338.62−0.091%$1.4M$38K20x
ApeX Omni AAPLUSDT+0.0100%1h338.79−0.041%$946K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h338.81−0.035%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h338.81−0.035%$11K10xas long as short
Injective AAPL/USDC PERP+0.0220%1h338.69−0.071%$191K$44K30xas long as short
Phoenix AAPL+0.0236%1h338.97+0.012%$5K$11K20xas long as short