Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.011%

Price spread now: Bitget against Coinbase International−0.026%7-day average +0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$330.328% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 4 days (all we have)+0.122%+$12 · spread now −0.026%, 7d avg +0.060%

Together, before fees+0.077%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.087% cheaper against Coinbase International than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.060%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AAPL-PERP-INTX	340.14	0.0024	pay 0.0003% / 1h	32m 37s	$662K	$660K	10x
Short	Bitget AAPLUSDT	340.05	0	get 0.0000% / 8h	7h 32m	$6.2M	$3.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Coinbase International. 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 Coinbase InternationalbpFee BitgetbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$5.04
Price spread: −0.026% → +0.060%: −$8.68
Slippage, 4 orders: −$10.82
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$46.54
Costs to cover: 0.328%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; Bitget: live order book, 6 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 Coinbase International live order book, 1 min ago	2.21 bp	7.7 bp −$8	10.5 bp −$105	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	0.88 bp	8.2 bp −$8	12.9 bp −$129	45.8 bp −$4,585	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	−0.0816%	4h	340.08	−0.018%	$81K	$327K	20x	as long as short
BloFin AAPL-USDT	−0.0029%	8h	340.05	−0.026%	$345K	$166K	20x	as long as short
Nado AAPL-PERP	−0.0022%	1h	339.93	−0.062%	$556K	$36K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	340.02	−0.034%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.92	−0.064%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	340.02	−0.034%	$22.2M	$67.3M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	340.05	−0.026%	$6.4M	$194.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.97	−0.050%	$6.3M	$7.0M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.86	−0.082%	$3.0M	$5.8M	100x	as long as short
Bitget AAPLUSDTshort	0.0000%	8h	340.05	−0.026%	$6.2M	$3.5M	100x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	340.15	+0.004%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	340.17	+0.009%	$22K	$363K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	340.05	−0.026%	$833	$4.3M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.93	−0.062%	$28K	$70K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	340.16	+0.006%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	340.14	0.000%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0010%	1h	339.88	−0.076%	$3.2M	$4.2M	10x	as long as short
Coinbase International AAPL-PERP-INTXlong	+0.0024%	1h	340.14	long leg	$662K	$660K	10x
Lighter AAPL	+0.0032%	1h	339.98	−0.046%	$932K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.96	−0.053%	$971K	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.91	−0.068%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.86	−0.082%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.88	−0.076%	$40.4M	$76.6M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.90	−0.071%	$279K	$350K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.89	−0.073%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.86	−0.082%	$1.3M	$2.3M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.96	−0.053%	$1.4M	$79K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.98	−0.047%	$950K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.99	−0.044%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.96	−0.053%	$11K	$102	10x	as long as short
Hotstuff AAPL-PERP	+0.0160%	1h	339.88	−0.076%	$36K	—	20x	as long as short
Phoenix AAPL	+0.0212%	1h	340.16	+0.006%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.80	+0.194%	$192K	$44K	30x	as long as short