Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.013%

Price spread now: Orderly against Coinbase International+0.047%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.047% dearer against Coinbase International than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AAPL-PERP-INTX	339.55	0.0048	pay 0.0006% / 1h	6m 04s	$660K	$661K	10x
Short	Orderly PERP_AAPL_USDC_mythos	339.71	0.0100	get 0.0100% / 8h	2h 06m	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.047%Rate

Funding earned: $10.92
Price spread: +0.047% → 0.000%: $4.71
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$0.37
Costs to cover: 0.160%
Break-even: 7.2 days

Slippage unknown: Coinbase International: live order book, 42 min ago; Orderly: no order-book sample. Net counts fees only.

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, 42 min ago	2.21 bp	7.2 bp −$7	10.5 bp −$105	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0800%	4h	339.77	+0.064%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0115%	1h	339.71	+0.048%	$556K	$38K	20x	as long as short
Hotstuff AAPL-PERP	−0.0088%	1h	339.78	+0.068%	$36K	—	20x	as long as short
BloFin AAPL-USDT	−0.0002%	8h	339.81	+0.077%	$339K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.71	+0.046%	$121K	$293K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.74	+0.057%	$288K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.84	+0.086%	$22.1M	$67.6M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.86	+0.091%	$5.8M	$96.6M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.77	+0.065%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.57	+0.006%	$3.0M	$4.9M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	339.86	+0.091%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.85	+0.087%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.80	+0.073%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.84	+0.085%	$639	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.72	+0.050%	$28K	$68K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.97	+0.124%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.86	+0.091%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0020%	1h	339.74	+0.056%	$3.3M	$4.4M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.74	+0.055%	$911K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.74	+0.056%	$945K	$3.7M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.64	+0.027%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.58	+0.009%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTXlong	+0.0048%	1h	339.55	long leg	$660K	$661K	10x
tradeXYZ xyz:AAPL	+0.0050%	1h	339.71	+0.047%	$40.6M	$76.6M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.68	+0.038%	$282K	$415K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.74	+0.056%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.58	+0.009%	$1.3M	$2.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.57	+0.006%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.68	+0.038%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythosshort	+0.0100%	8h	339.71	+0.047%	$4K	—	10x
Aevo AAPL-PERP	+0.0104%	1h	339.69	+0.042%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.84	+0.085%	$5K	$11K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.56	+0.003%	$191K	$44K	30x	as long as short