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

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC−0.0073%/8h= −8.0% APRnext payment $0.73 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against KuCoin+0.035%110s7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$590.592% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.094%+$9 on $10k
Price spread, last 4 days (all we have)+0.039%+$4 · spread now +0.035%, 7d avg +0.070%
Together, before fees+0.133%+$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.035% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.070%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.094%, so the current rate has only just turned against you. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin AAPLUSDTM339.310.0100pay 0.0100% / 8h4h 55m$1.4M$204K20x
ShortBloFin AAPL-USDT339.430.0027get 0.0027% / 8h4h 55m$350K$165K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
−$15.26
Price spread: +0.035% → +0.070%
−$3.51
Slippage, 4 orders
−$35.23
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$78
Costs to cover
0.592%
Break-even
never at this rate
Slippage from KuCoin: live order book, 3 min ago; BloFin: live order book, 48 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, 3 min ago4.72 bp22.8 bp −$23doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 48 min ago0.15 bp6.1 bp −$67.2 bp −$7218.6 bp −$1,862doesn't fit

AAPL on 33 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff AAPL-PERP−0.0120%1h339.27−0.012%$36K20xas long as short
edgeX AAPLUSDC−0.0073%4h339.33+0.006%$81K$326K20xas long as short
Nado AAPL-PERP−0.0005%1h339.36+0.015%$555K$28K20xas long as short
Aster AAPLUSDT0.0000%8h339.35+0.012%$120K$295K20xas long as short
Extended AAPL_24_5-USD0.0000%1h339.33+0.006%$285K$2.1M10xas long as short
Binance AAPLUSDT0.0000%8h339.45+0.041%$22.1M$67.0M25xas long as short
Bybit AAPLUSDT0.0000%8h339.30−0.003%$6.7M$284.0M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.43+0.035%$6.3M$6.7M25xas long as short
Gate AAPL_USDT0.0000%8h339.19−0.035%$3.0M$7.3M100xas long as short
Bitget AAPLUSDT0.0000%8h339.41+0.029%$6.2M$3.5M100xas long as short
Show all 33 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni AAPL0.0000%8h339.45+0.043%$2.5M$1.3Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h339.44+0.037%$12K$339K10xas long as short
SunX AAPL-USDT0.0000%8h339.41+0.029%$777$4.1M20xas long as short
HTX AAPL-USDT0.0000%8h339.57+0.077%$62K$241K30xas long as short
Phemex AAPLUSDT0.0000%4h339.44+0.038%$2.1M$7K10xas long as short
QFEX AAPL-USD+0.0023%1h339.34+0.009%$3.3M$4.2M10xas long as short
BloFin AAPL-USDTshort+0.0027%8h339.43+0.035%$350K$165K20x
Lighter AAPL+0.0032%1h339.39+0.024%$924K$2.4M20xas long as short
Lighter RH AAPL+0.0032%1h339.38+0.021%$1.0M$3.0M20xas long as short
Arcus AAPL-USD+0.0040%1h339.21−0.029%$267K$48K20xas long as short
Deribit AAPL_USDC-PERPETUAL+0.0045%1h339.37+0.018%$28K$69K10xas long as short
Vest AAPL-USD-PERP+0.0046%1h339.22−0.027%$45K25xas long as short
tradeXYZ xyz:AAPL+0.0050%1h339.34+0.009%$40.5M$76.8M20xas long as short
Polymarket Perps AAPL-USD+0.0050%1h339.34+0.009%$279K$347K10xas long as short
SoDEX AAPL-USD+0.0050%1h339.33+0.006%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h339.24−0.021%$1.3M$2.2M20xas long as short
KuCoin AAPLUSDTMlong+0.0100%8h339.31long leg$1.4M$204K20x
ApeX Omni AAPLUSDT+0.0100%1h339.35+0.012%$948K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.30−0.003%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h339.28−0.009%$11K$10210xas long as short
Coinbase International AAPL-PERP-INTX+0.0128%1h339.38+0.021%$659K$629K10xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.66+0.103%$191K$44K30xas long as short
Phoenix AAPL+0.0235%1h339.51+0.059%$5K$12K20xas long as short