Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.016%

Price spread now: HTX against Coinbase International+0.183%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 4 days (all we have)−0.225%−$22 · spread now +0.183%, 7d avg +0.082%

Together, before fees−0.275%−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.101% dearer against Coinbase International than usual: you sell high and buy low (spread +0.183% now, against its 7-day average of +0.082%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.5 days. At the pace of the last 7 days (−0.051% in total) that is about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AAPL-PERP-INTX	338.78	0.0096	pay 0.0012% / 1h	14m 05s	$661K	$655K	10x
Short	HTX AAPL-USDT	339.40	0	get 0.0000% / 8h	3h 14m	$52K	$225K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.183%Rate

Funding earned: −$20.16
Price spread: +0.183% → +0.082%: $10.1
Slippage, 4 orders: −$15.61
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$47.67
Costs to cover: 0.376%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 39 min ago; HTX: live order book, 37 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, 39 min ago	2.07 bp	8.4 bp −$8	10.9 bp −$109	doesn't fit	doesn't fit
Sell HTX live order book, 37 min ago	2.80 bp	13.2 bp −$13	16.9 bp −$169	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	−0.0515%	4h	339.26	+0.143%	$81K	$328K	20x	as long as short
Nado AAPL-PERP	−0.0086%	1h	339.32	+0.158%	$555K	$38K	20x	as long as short
BloFin AAPL-USDT	−0.0002%	8h	339.29	+0.151%	$341K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.29	+0.151%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.20	+0.124%	$287K	$1.4M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.29	+0.152%	$21.9M	$67.0M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.30	+0.153%	$5.8M	$70.7M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.33	+0.162%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.03	+0.074%	$3.0M	$4.5M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.36	+0.171%	$6.2M	$3.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.31	+0.158%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.29	+0.151%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.28	+0.148%	$916	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.29	+0.151%	$28K	$67K	10x	as long as short
HTX AAPL-USDTshort	0.0000%	8h	339.40	+0.183%	$52K	$225K	30x
Phemex AAPLUSDT	0.0000%	4h	339.35	+0.168%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0030%	1h	339.23	+0.133%	$3.2M	$4.4M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.22	+0.130%	$782K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.22	+0.130%	$939K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.12	+0.100%	$266K	$61K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.10	+0.094%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.18	+0.118%	$40.5M	$76.1M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.17	+0.115%	$278K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.21	+0.127%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.00	+0.065%	$1.3M	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTXlong	+0.0096%	1h	338.78	long leg	$661K	$655K	10x
KuCoin AAPLUSDTM	+0.0100%	8h	339.29	+0.151%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.20	+0.124%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.20	+0.124%	$4K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0104%	1h	339.16	+0.112%	$36K	—	20x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.19	+0.122%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.09	+0.092%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.31	+0.156%	$5K	$11K	20x	as long as short