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 +0.033%
Price spread now: Bitget against KuCoin+0.035%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1451.446% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days+0.048%+$5 · spread now +0.035%, 7d avg +0.074%
Together, before fees+0.049%+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.039% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.074%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin AAPLUSDTM339.700.0100pay 0.0100% / 8h5m 01s$1.4M$55K20x
ShortBitget AAPLUSDT339.820get 0.0000% / 8h5m 01s$6.2M$3.6M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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: +0.035% → +0.074%
−$3.86
Slippage, 4 orders
−$120.6
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$169.46
Costs to cover
1.446%
Break-even
never at this rate
Slippage from KuCoin: live order book, 10 min ago; Bitget: live order book, 3 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 KuCoin live order book, 10 min ago6.03 bp68.2 bp −$68doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 3 min ago0.15 bp7.6 bp −$812.7 bp −$12746.3 bp −$4,627doesn'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−0.0565%4h339.79+0.026%$81K$327K20xas long as short
Nado AAPL-PERP−0.0143%1h339.73+0.009%$556K$37K20xas long as short
Deribit AAPL_USDC-PERPETUAL−0.0074%1h339.61−0.026%$28K$69K10xas long as short
Hotstuff AAPL-PERP−0.0048%1h339.75+0.015%$36K20xas long as short
Aster AAPLUSDT0.0000%8h339.75+0.014%$121K$294K20xas long as short
Extended AAPL_24_5-USD0.0000%1h339.77+0.020%$286K$2.1M10xas long as short
Binance AAPLUSDT0.0000%8h339.85+0.043%$22.1M$67.2M25xas long as short
Bybit AAPLUSDT0.0000%8h339.87+0.050%$6.2M$164.4M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.77+0.021%$6.3M$6.9M25xas long as short
Gate AAPL_USDT0.0000%8h339.66−0.012%$3.0M$5.6M100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget AAPLUSDTshort0.0000%8h339.82+0.035%$6.2M$3.6M100x
Variational Omni AAPL0.0000%8h339.86+0.046%$2.5M$1.2Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h339.84+0.041%$13K$357K10xas long as short
SunX AAPL-USDT0.0000%8h339.84+0.041%$585$4.5M20xas long as short
HTX AAPL-USDT0.0000%8h339.88+0.053%$62K$245K30xas long as short
Phemex AAPLUSDT0.0000%4h339.84+0.041%$2.1M$7K10xas long as short
BloFin AAPL-USDT+0.0003%8h339.84+0.041%$344K$167K20xas long as short
QFEX AAPL-USD+0.0027%1h339.77+0.021%$3.2M$4.2M10xas long as short
Lighter AAPL+0.0032%1h339.77+0.021%$942K$2.7M20xas long as short
Lighter RH AAPL+0.0032%1h339.76+0.018%$954K$3.5M20xas long as short
Arcus AAPL-USD+0.0040%1h339.700.000%$267K$60K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h339.68−0.006%$45K25xas long as short
tradeXYZ xyz:AAPL+0.0050%1h339.77+0.021%$40.6M$76.2M20xas long as short
Polymarket Perps AAPL-USD+0.0050%1h339.72+0.006%$279K$423K10xas long as short
SoDEX AAPL-USD+0.0050%1h339.79+0.026%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h339.64−0.018%$1.3M$2.3M20xas long as short
Coinbase International AAPL-PERP-INTX+0.0064%1h339.55−0.044%$660K$660K10xas long as short
KuCoin AAPLUSDTMlong+0.0100%8h339.70long leg$1.4M$55K20x
ApeX Omni AAPLUSDT+0.0100%1h339.73+0.009%$949K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.72+0.006%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h339.75+0.016%$11K$10210xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.67−0.009%$191K$44K30xas long as short
Phoenix AAPL+0.0259%1h339.96+0.077%$5K$12K20xas long as short