Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.020%

Price spread now: Coinbase International against HTX−0.053%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$340.341% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.053%, 7d avg −0.083%

Together, before fees+0.095%+$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 0.030% dearer against HTX than usual: you sell high and buy low: +$3 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	HTX AAPL-USDT	340.10	0	get 0.0000% / 8h	7h 42m	$62K	$244K	30x
Short	Coinbase International AAPL-PERP-INTX	339.92	0.0024	get 0.0003% / 1h	42m 12s	$663K	$653K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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 HTXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.053%Rate

Funding earned: $5.04
Price spread: −0.053% → −0.083%: $2.99
Slippage, 4 orders: −$12.14
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$26.11
Costs to cover: 0.341%
Break-even: 43.3 days

Slippage from HTX: live order book, 54 min ago; Coinbase International: live order book, 56 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 HTX live order book, 54 min ago	1.32 bp	10.2 bp −$10	11.4 bp −$114	doesn't fit	doesn't fit
Sell Coinbase International live order book, 56 min ago	2.50 bp	8.4 bp −$8	10.9 bp −$109	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	−0.0466%	4h	340.00	−0.031%	$81K	$328K	20x	as long as short
Nado AAPL-PERP	−0.0026%	1h	339.87	−0.068%	$556K	$36K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0015%	1h	339.76	−0.100%	$28K	$69K	10x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.91	−0.055%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.91	−0.057%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	340.01	−0.026%	$22.2M	$67.1M	25x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.98	−0.035%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.82	−0.082%	$3.0M	$5.6M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.98	−0.035%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	340.07	−0.007%	$2.5M	$1.2M	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	340.04	−0.018%	$13K	$349K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	340.01	−0.026%	$755	$4.4M	20x	as long as short
HTX AAPL-USDTlong	0.0000%	8h	340.10	long leg	$62K	$244K	30x
Phemex AAPLUSDT	0.0000%	4h	339.96	−0.041%	$2.1M	$7K	10x	as long as short
Bybit AAPLUSDT	+0.0006%	8h	340.05	−0.015%	$6.3M	$181.1M	100x	as long as short
Hotstuff AAPL-PERP	+0.0008%	1h	339.96	−0.041%	$36K	—	20x	as long as short
QFEX AAPL-USD	+0.0010%	1h	339.88	−0.065%	$3.2M	$4.2M	10x	as long as short
BloFin AAPL-USDT	+0.0015%	8h	339.92	−0.053%	$345K	$166K	20x	as long as short
Coinbase International AAPL-PERP-INTXshort	+0.0024%	1h	339.92	−0.053%	$663K	$653K	10x
Lighter AAPL	+0.0032%	1h	339.97	−0.039%	$932K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.95	−0.044%	$956K	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.88	−0.065%	$267K	$59K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.78	−0.094%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.80	−0.088%	$279K	$350K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.85	−0.074%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.72	−0.112%	$1.3M	$2.3M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0076%	1h	339.86	−0.071%	$40.4M	$76.6M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.85	−0.074%	$1.4M	$71K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.84	−0.076%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.86	−0.071%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.85	−0.073%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	340.22	+0.035%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.55	+0.132%	$192K	$44K	30x	as long as short