Settings8H · net · $10k
Funding arb · Price arb /

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.024%
Price spread now: KuCoin against Gate−0.053%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$163as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as in the Price arb table
costs, in and out, $10k−$1651.651% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.022%+$2 on $10k
Price spread, last 7 days+0.036%+$4 · spread now −0.053%, 7d avg −0.014%
Together, before fees+0.058%+$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.039% cheaper against Gate than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of −0.014%). If the spread goes back, that is −$4 on $10k: about 31 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.022% in total) that is about 12 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate AAPL_USDT339.640get 0.0000% / 8h2h 25m$3.0M$4.7M100x
ShortKuCoin AAPLUSDTM339.460.0100get 0.0100% / 8h2h 25m$1.4M$38K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$21
Price spread: −0.053% → −0.014%
−$3.89
Slippage, 4 orders
−$138.11
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$148
Costs to cover
1.651%
Break-even
56.3 days
Slippage from Gate: live order book, 2 min ago; KuCoin: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 2 min ago1.91 bp14.4 bp −$1425.1 bp −$251doesn't fitdoesn't fit
Sell KuCoin live order book, 4 min ago8.98 bp50.0 bp −$50doesn't fitdoesn't fitdoesn't fit

AAPL on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX AAPLUSDC−0.0701%4h339.60−0.011%$81K$329K20xas long as short
Deribit AAPL_USDC-PERPETUAL−0.0133%1h339.65+0.003%$28K$68K10xas long as short
Nado AAPL-PERP−0.0108%1h339.84+0.059%$556K$38K20xas long as short
Aster AAPLUSDT0.0000%8h339.82+0.052%$121K$292K20xas long as short
Extended AAPL_24_5-USD0.0000%1h339.77+0.037%$285K$1.8M10xas long as short
Binance AAPLUSDT0.0000%8h339.86+0.065%$22.0M$67.5M25xas long as short
Bybit AAPLUSDT0.0000%8h339.88+0.071%$5.8M$89.7M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.83+0.056%$6.3M$6.9M25xas long as short
Gate AAPL_USDTlong0.0000%8h339.64long leg$3.0M$4.7M100x
Bitget AAPLUSDT0.0000%8h339.84+0.059%$6.2M$3.5M100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni AAPL0.0000%8h339.83+0.057%$2.4M$1.3Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h339.63−0.003%$16K$411K10xas long as short
SunX AAPL-USDT0.0000%8h339.81+0.050%$632$4.6M20xas long as short
HTX AAPL-USDT0.0000%8h339.85+0.062%$53K$225K30xas long as short
Phemex AAPLUSDT0.0000%4h339.76+0.035%$2.1M$7K10xas long as short
BloFin AAPL-USDT+0.0009%8h339.83+0.056%$341K$168K20xas long as short
QFEX AAPL-USD+0.0020%1h339.75+0.032%$3.2M$4.4M10xas long as short
Lighter AAPL+0.0032%1h339.73+0.026%$841K$2.5M20xas long as short
Lighter RH AAPL+0.0032%1h339.76+0.035%$939K$3.6M20xas long as short
Arcus AAPL-USD+0.0040%1h339.54−0.029%$267K$60K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h339.70+0.018%$45K25xas long as short
Coinbase International AAPL-PERP-INTX+0.0048%1h339.56−0.024%$663K$661K10xas long as short
tradeXYZ xyz:AAPL+0.0050%1h339.79+0.044%$40.5M$76.5M20xas long as short
Polymarket Perps AAPL-USD+0.0050%1h339.66+0.006%$278K$409K10xas long as short
SoDEX AAPL-USD+0.0050%1h339.72+0.024%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h339.55−0.026%$1.3M$2.5M20xas long as short
Hotstuff AAPL-PERP+0.0080%1h339.70+0.018%$36K20xas long as short
KuCoin AAPLUSDTMshort+0.0100%8h339.46−0.053%$1.4M$38K20x
ApeX Omni AAPLUSDT+0.0100%1h339.54−0.029%$948K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.67+0.009%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h339.72+0.022%$11K$10210xas long as short
Phoenix AAPL+0.0212%1h339.65+0.003%$5K$11K20xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.40−0.071%$191K$44K30xas long as short