Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.015%

Price spread now: Coinbase International against Gate+0.024%7-day average −0.008% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$430.432% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 3 days (all we have)+0.033%+$3 · spread now +0.024%, 7d avg −0.008%

Together, before fees+0.093%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.031% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AAPL_USDT	338.90	0	get 0.0000% / 8h	5h 54m	$3.0M	$4.2M	100x
Short	Coinbase International AAPL-PERP-INTX	338.98	0.0048	get 0.0006% / 1h	54m 37s	$656K	$671K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now +0.024%Rate

Funding earned: $10.08
Price spread: +0.024% → −0.008%: $3.13
Slippage, 4 orders: −$18.22
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$30.01
Costs to cover: 0.432%
Break-even: 27.8 days

Slippage from Gate: live order book, 4 min ago; Coinbase International: 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 Gate live order book, 4 min ago	1.92 bp	14.5 bp −$15	28.5 bp −$285	doesn't fit	doesn't fit
Sell Coinbase International live order book, 9 min ago	2.06 bp	7.9 bp −$8	10.5 bp −$105	doesn't fit	doesn't fit

AAPL on 32 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	−0.0397%	4h	339.14	+0.071%	$81K	$326K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0104%	1h	338.84	−0.018%	$28K	$67K	10x	as long as short
Nado AAPL-PERP	−0.0081%	1h	339.01	+0.033%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.07	+0.049%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.14	+0.071%	$6.0M	$39.1M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.19	+0.086%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDTlong	0.0000%	8h	338.90	long leg	$3.0M	$4.2M	100x
Bitget AAPLUSDT	0.0000%	8h	339.14	+0.071%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.21	+0.093%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.21	+0.090%	$17K	$433K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AAPL-USDT	0.0000%	8h	339.20	+0.089%	$553	$4.7M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.21	+0.091%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.30	+0.118%	$2.1M	$6K	10x	as long as short
Extended AAPL_24_5-USD	+0.0008%	1h	339.04	+0.042%	$288K	$2.0M	10x	as long as short
Binance AAPLUSDT	+0.0009%	8h	339.12	+0.066%	$22.3M	$67.0M	25x	as long as short
QFEX AAPL-USD	+0.0013%	1h	339.05	+0.044%	$3.2M	$4.9M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.98	+0.022%	$755K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.04	+0.041%	$949K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.05	+0.044%	$270K	$70K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.96	+0.018%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTXshort	+0.0048%	1h	338.98	+0.024%	$656K	$671K	10x
tradeXYZ xyz:AAPL	+0.0050%	1h	339.04	+0.041%	$40.7M	$75.8M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.86	−0.012%	$262K	$396K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.04	+0.041%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.87	−0.009%	$1.3M	$2.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.09	+0.056%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.08	+0.053%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.04	+0.041%	$4K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0104%	1h	339.04	+0.041%	$36K	—	20x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.04	+0.040%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.95	+0.015%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.29	+0.115%	$5K	$11K	20x	as long as short