Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.027%

Price spread now: KuCoin against Extended−0.048%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$195as in the Funding arb table

Net, price: spread back to 7d avg − costs−$192as in the Price arb table

costs, in and out, $10k−$1951.955% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 7 days−0.018%−$2 · spread now −0.048%, 7d avg −0.083%

Together, before fees−0.012%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.035% dearer against Extended than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAPL_24_5-USD	339.66	0	get 0.0000% / 1h	46m 10s	$286K	$2.0M	10x
Short	KuCoin AAPLUSDTM	339.50	0.0100	get 0.0100% / 8h	46m 10s	$1.4M	$39K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now −0.048%Rate

Funding earned: $21
Price spread: −0.048% → −0.083%: $3.55
Slippage, 4 orders: −$178.46
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$170.91
Costs to cover: 1.955%
Break-even: 64.0 days

Slippage from Extended: live order book, 2 min ago; KuCoin: live order book, 9 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 Extended live order book, 2 min ago	0.15 bp	3.8 bp −$4	18.2 bp −$182	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	6.92 bp	71.6 bp −$72	doesn't fit	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	−0.0884%	4h	339.58	−0.024%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0135%	1h	339.72	+0.016%	$556K	$37K	20x	as long as short
BloFin AAPL-USDT	−0.0025%	8h	339.77	+0.032%	$343K	$167K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.68	+0.006%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USDlong	0.0000%	1h	339.66	long leg	$286K	$2.0M	10x
Binance AAPLUSDT	0.0000%	8h	339.76	+0.028%	$22.1M	$67.5M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.69	+0.008%	$6.1M	$131.4M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.74	+0.023%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.56	−0.030%	$3.0M	$5.3M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.73	+0.020%	$6.2M	$3.6M	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	339.64	−0.005%	$2.4M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.63	−0.010%	$16K	$402K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.76	+0.029%	$612	$4.5M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.59	−0.021%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.81	+0.044%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.75	+0.026%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0027%	1h	339.67	+0.002%	$3.2M	$4.2M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.70	+0.011%	$941K	$2.7M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.67	+0.002%	$949K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.60	−0.018%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.65	−0.004%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.71	+0.014%	$40.6M	$76.2M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.63	−0.009%	$279K	$424K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.72	+0.017%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.51	−0.045%	$1.3M	$2.4M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0064%	1h	339.55	−0.033%	$660K	$661K	10x	as long as short
Hotstuff AAPL-PERP	+0.0096%	1h	339.72	+0.017%	$36K	—	20x	as long as short
KuCoin AAPLUSDTMshort	+0.0100%	8h	339.50	−0.048%	$1.4M	$39K	20x
ApeX Omni AAPLUSDT	+0.0100%	1h	339.65	−0.004%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.61	−0.015%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.66	−0.001%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.45	−0.062%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	339.75	+0.026%	$5K	$12K	20x	as long as short