Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.014%

Price spread now: tradeXYZ against HTX−0.082%7-day average −0.105% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.082%, 7d avg −0.105%

Together, before fees+0.062%+ Points / potential airdroptradeXYZ: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.023% dearer against HTX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.105%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAPL-USDT	340.23	0	get 0.0000% / 8h	7h 34m	$62K	$245K	30x
Short	tradeXYZ xyz:AAPL	339.95	0.0056	get 0.0007% / 1h	34m 54s	$40.4M	$76.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.082%Rate

Funding earned: $11.67
Price spread: −0.082% → −0.105%: $2.28
Slippage, 4 orders: −$7.04
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$23.09
Costs to cover: 0.370%
Break-even: 20.9 days

Slippage from HTX: live order book, 62 min ago; tradeXYZ: live order book, 3 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, 62 min ago	1.32 bp	10.2 bp −$10	11.4 bp −$114	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	0.29 bp	9.7 bp −$10	11.4 bp −$114	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
BloFin AAPL-USDT	−0.0025%	8h	340.11	−0.035%	$345K	$166K	20x	as long as short
Nado AAPL-PERP	−0.0017%	1h	339.96	−0.079%	$556K	$36K	20x	as long as short
edgeX AAPLUSDC	−0.0011%	4h	340.24	+0.001%	$81K	$326K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	340.05	−0.052%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	340.04	−0.056%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	340.13	−0.029%	$22.2M	$67.3M	25x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	340.06	−0.050%	$6.3M	$7.0M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.92	−0.091%	$3.0M	$5.7M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	340.11	−0.035%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	340.15	−0.022%	$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	340.34	+0.032%	$13K	$350K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	340.12	−0.032%	$660	$4.3M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.98	−0.073%	$28K	$69K	10x	as long as short
HTX AAPL-USDTlong	0.0000%	8h	340.23	long leg	$62K	$245K	30x
Phemex AAPLUSDT	0.0000%	4h	340.14	−0.026%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0010%	1h	340.03	−0.059%	$3.2M	$4.2M	10x	as long as short
Hotstuff AAPL-PERP	+0.0024%	1h	340.01	−0.065%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	340.14	−0.026%	$662K	$660K	10x	as long as short
Lighter AAPL	+0.0032%	1h	340.09	−0.041%	$932K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	340.08	−0.044%	$968K	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	340.03	−0.059%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.86	−0.109%	—	$45K	25x	as long as short
Bybit AAPLUSDT	+0.0048%	8h	340.15	−0.024%	$6.3M	$192.4M	100x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.87	−0.106%	$279K	$350K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.96	−0.079%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.89	−0.100%	$1.3M	$2.3M	20x	as long as short
tradeXYZ xyz:AAPLshort	+0.0056%	1h	339.95	−0.082%	$40.4M	$76.6M	20x
KuCoin AAPLUSDTM	+0.0100%	8h	340.02	−0.062%	$1.4M	$78K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.98	−0.073%	$950K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	340.07	−0.047%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	340.03	−0.060%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	340.16	−0.021%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.80	+0.168%	$192K	$44K	30x	as long as short