Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h +0.227%

Price spread now: Binance against edgeX−0.002%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs+$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$310.315% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.463%+$46 on $10k

Price spread, last 4 days (all we have)−0.157%−$16 · spread now −0.002%, 7d avg +0.006%

Together, before fees+0.306%+ Points / potential airdropedgeX: Active · farm board+$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAPLUSDC	338.86	−0.0112	get 0.0056% / 4h	1h 29m	$81K	$327K	20x
Short	Binance AAPLUSDT	338.85	0	get 0.0000% / 8h	5h 29m	$22.3M	$67.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now −0.002%Rate

Funding earned: $23.63
Price spread: −0.002% → +0.006%: −$0.85
Slippage, 4 orders: −$12.48
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$8.7
Costs to cover: 0.315%
Break-even: 9.6 days

Slippage from edgeX: live order book, 34 min ago; Binance: live order book, 13 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 edgeX live order book, 34 min ago	5.31 bp	10.2 bp −$10	17.0 bp −$170	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.15 bp	5.3 bp −$5	9.1 bp −$91	27.5 bp −$2,746	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 AAPLUSDClong	−0.0112%	4h	338.86	long leg	$81K	$327K	20x
Nado AAPL-PERP	−0.0056%	1h	338.67	−0.054%	$554K	$38K	20x	as long as short
Hotstuff AAPL-PERP	−0.0016%	1h	338.76	−0.029%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.84	−0.005%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.79	−0.021%	$285K	$2.0M	10x	as long as short
Binance AAPLUSDTshort	0.0000%	8h	338.85	−0.002%	$22.3M	$67.0M	25x
Bybit AAPLUSDT	0.0000%	8h	338.88	+0.007%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.99	+0.039%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.69	−0.049%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.93	+0.021%	$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	338.99	+0.038%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.90	+0.012%	$17K	$424K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.86	+0.001%	$759	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.62	−0.070%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.00	+0.042%	$52K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.99	+0.039%	$2.1M	$6K	10x	as long as short
BloFin AAPL-USDT	+0.0004%	8h	338.85	−0.002%	$343K	$169K	20x	as long as short
QFEX AAPL-USD	+0.0013%	1h	338.83	−0.008%	$3.2M	$4.8M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.66	−0.059%	$771K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.72	−0.041%	$950K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.81	−0.014%	$269K	$69K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.63	−0.067%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	338.78	−0.023%	$659K	$673K	10x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.60	−0.076%	$261K	$370K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.77	−0.026%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.65	−0.061%	$1.3M	$2.5M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0068%	1h	338.79	−0.020%	$40.7M	$75.8M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.74	−0.035%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.72	−0.041%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.73	−0.038%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.74	−0.035%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.72	−0.041%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	338.96	+0.030%	$5K	$11K	20x	as long as short