Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h −0.016%

Price spread now: tradeXYZ against BloFin−0.018%48s7-day average −0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.330% of the position

Long on BloFin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now −0.018%, 7d avg −0.093%

Together, before fees−0.225%+ Points / potential airdroptradeXYZ: Active · farm board−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 0.075% dearer against BloFin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.093%. Mind the row above: over the last 7 days funding on this pair cost −0.124%, so the current rate has only just turned in your favour. The two prices were read 48 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	BloFin AAPL-USDT	339.59	0.0002	pay 0.0002% / 8h	1h 24m	$342K	$168K	20x
Short	tradeXYZ xyz:AAPL	339.53	0.0050	get 0.0006% / 1h	24m 26s	$40.6M	$76.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Position, each leg$Hold fordaysFee BloFinbpFee tradeXYZbpOrdersPrice spread, now −0.018%Rate

Funding earned: $10.18
Price spread: −0.018% → −0.093%: $7.5
Slippage, 4 orders: −$2.98
Fee BloFin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$15.3
Costs to cover: 0.330%
Break-even: 17.5 days

Slippage from BloFin: live order book, 61 min ago; tradeXYZ: live order book, 5 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 BloFin live order book, 61 min ago	0.15 bp	6.6 bp −$7	7.0 bp −$70	11.9 bp −$1,190	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.44 bp	9.9 bp −$10	13.1 bp −$131	doesn't fit	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	−0.0797%	4h	339.60	+0.004%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0059%	1h	339.33	−0.078%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.57	−0.005%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.48	−0.032%	$285K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.57	−0.007%	$22.1M	$67.7M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.58	−0.003%	$7.1M	$117.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.54	−0.015%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.38	−0.062%	$3.0M	$5.1M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.65	+0.018%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.65	+0.019%	$2.4M	$1.4M	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	339.72	+0.040%	$16K	$402K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.59	0.000%	$710	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.41	−0.053%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.71	+0.035%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.70	+0.032%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDTlong	+0.0002%	8h	339.59	long leg	$342K	$168K	20x
Hotstuff AAPL-PERP	+0.0008%	1h	339.49	−0.029%	$36K	—	20x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.47	−0.035%	$3.3M	$4.3M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.55	−0.012%	$660K	$668K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.39	−0.059%	$910K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.39	−0.059%	$944K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.52	−0.021%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.35	−0.071%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPLshort	+0.0050%	1h	339.53	−0.018%	$40.6M	$76.4M	20x
Polymarket Perps AAPL-USD	+0.0050%	1h	339.48	−0.032%	$279K	$422K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.56	−0.009%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.31	−0.082%	$1.3M	$2.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.32	−0.080%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.49	−0.029%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.48	−0.032%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.51	−0.023%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.72	+0.038%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.41	−0.053%	$191K	$44K	30x	as long as short