Funding you earn now, next payment 06:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.018%
Price spread now: Coinbase International against Bybit−0.006%7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$280.277% of the position
Funding, last 7 days+0.062%+$6 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.006%, 7d avg −0.052%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.047% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.052%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit AAPLUSDT | 339.57 | 0 | get 0.0000% / 8h | 1h 24m | $7.1M | $117.0M | 100x |
| Short | Coinbase International AAPL-PERP-INTX | 339.55 | 0.0024 | get 0.0003% / 1h | 24m 50s | $660K | $668K | 10x |
Bybit AAPLUSDT
Coinbase International AAPL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $5.04
- Price spread: −0.006% → −0.052%
- $4.65
- Slippage, 4 orders
- −$6.67
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$17.98
- Costs to cover
- 0.277%
- Break-even
- 32.0 days
Slippage from Bybit: live order book, 4 min ago; Coinbase International: live order book, 18 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 Bybit live order book, 4 min ago | 0.15 bp | 5.6 bp −$6 | 5.9 bp −$59 | 28.1 bp −$2,806 | doesn't fit |
| Sell Coinbase International live order book, 18 min ago | 2.21 bp | 7.8 bp −$8 | 10.3 bp −$103 | 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 | +0.010% | $81K | $326K | 20x | as long as short |
| Nado AAPL-PERP | −0.0060% | 1h | 339.43 | −0.041% | $555K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.57 | 0.000% | $121K | $292K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.48 | −0.026% | $285K | $1.8M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.55 | −0.005% | $22.1M | $67.7M | 25x | as long as short |
| Bybit AAPLUSDTlong | 0.0000% | 8h | 339.57 | long leg | $7.1M | $117.0M | 100x | |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.58 | +0.003% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.38 | −0.056% | $3.0M | $5.1M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.64 | +0.021% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.65 | +0.025% | $2.4M | $1.4M | — | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPLShow 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 | +0.045% | $16K | $402K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.59 | +0.006% | $710 | $4.6M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.41 | −0.047% | $28K | $69K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.71 | +0.041% | $62K | $245K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.70 | +0.038% | $2.1M | $7K | 10x | as long as short |
| BloFin AAPL-USDT | +0.0002% | 8h | 339.59 | +0.006% | $342K | $168K | 20x | as long as short |
| Hotstuff AAPL-PERP | +0.0008% | 1h | 339.55 | −0.006% | $36K | — | 20x | as long as short |
| QFEX AAPL-USD | +0.0023% | 1h | 339.56 | −0.003% | $3.3M | $4.3M | 10x | as long as short |
| Coinbase International AAPL-PERP-INTXshort | +0.0024% | 1h | 339.55 | −0.006% | $660K | $668K | 10x | |
| Lighter AAPL | +0.0032% | 1h | 339.39 | −0.053% | $910K | $2.6M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.46 | −0.032% | $944K | $3.6M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.55 | −0.006% | $267K | $60K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.44 | −0.038% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.45 | −0.035% | $40.6M | $76.4M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.54 | −0.009% | $279K | $419K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.56 | −0.003% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.37 | −0.059% | $1.3M | $2.4M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.32 | −0.074% | $1.4M | $39K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.49 | −0.024% | $948K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.48 | −0.027% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.51 | −0.017% | $11K | $102 | 10x | as long as short |
| Phoenix AAPL | +0.0212% | 1h | 339.72 | +0.044% | $5K | $12K | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.41 | −0.047% | $191K | $44K | 30x | as long as short |
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
BloFin AAPL-USDT
Hotstuff AAPL-PERP
QFEX AAPL-USD
Lighter AAPL
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Phoenix AAPL
Injective AAPL/USDC PERP