Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0506%/8h= −55.4% APRpaid last 24h −0.104%

Price spread now: edgeX against KuCoin+0.067%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$189as in the Funding arb table

Net, price: spread back to 7d avg − costs−$158as in the Price arb table

costs, in and out, $10k−$1591.590% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.301%−$30 on $10k

Price spread, last 3 days (all we have)+0.037%+$4 · spread now +0.067%, 7d avg +0.056%

Together, before fees−0.264%+ Points / potential airdropedgeX: Active · farm board−$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.056%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.301% in total (about -15.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAPLUSDTM	338.77	0.0100	pay 0.0100% / 8h	13m 12s	$1.4M	$27K	20x
Short	edgeX AAPLUSDC	339.00	−0.0406	pay 0.0203% / 4h	13m 12s	$81K	$327K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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

Position, each leg$Hold fordaysFee KuCoinbpFee edgeXbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$106.29
Price spread: +0.067% → +0.056%: $1.1
Slippage, 4 orders: −$138.02
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$264.21
Costs to cover: 1.590%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; edgeX: live order book, 65 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 KuCoin live order book, 2 min ago	5.90 bp	70.7 bp −$71	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 65 min ago	5.31 bp	10.5 bp −$11	18.0 bp −$180	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 AAPLUSDCshort	−0.0406%	4h	339.00	+0.067%	$81K	$327K	20x
Aster AAPLUSDT	0.0000%	8h	338.99	+0.065%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.04	+0.080%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.01	+0.071%	$6.5M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.83	+0.018%	$3.0M	$4.2M	100x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.03	+0.077%	$580	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.14	+0.109%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.05	+0.083%	$2.1M	$7K	10x	as long as short
GRVT AAPL_USDT_Perp	+0.0023%	8h	339.04	+0.080%	$14K	$498K	10x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.95	+0.053%	$964K	$3.8M	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AAPL-USD-PERP	+0.0046%	1h	338.70	−0.021%	—	$53K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.89	+0.035%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.90	+0.038%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.72	−0.015%	$1.4M	$2.4M	20x	as long as short
Lighter AAPL	+0.0064%	1h	338.90	+0.039%	$772K	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0064%	1h	338.98	+0.062%	$3.2M	$5.1M	10x	as long as short
Bitget AAPLUSDT	+0.0078%	8h	339.00	+0.068%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	+0.0093%	8h	339.04	+0.078%	$2.4M	$1.4M	—	as long as short
Hotstuff AAPL-PERP	+0.0096%	1h	338.90	+0.038%	$36K	—	20x	as long as short
BloFin AAPL-USDT	+0.0096%	8h	339.03	+0.077%	$348K	$170K	20x	as long as short
KuCoin AAPLUSDTMlong	+0.0100%	8h	338.77	long leg	$1.4M	$27K	20x
ApeX Omni AAPLUSDT	+0.0100%	1h	338.72	−0.015%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.91	+0.041%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.96	+0.056%	$11K	—	10x	as long as short
Nado AAPL-PERP	+0.0117%	1h	338.79	+0.005%	$557K	$34K	20x	as long as short
Binance AAPLUSDT	+0.0118%	8h	339.04	+0.080%	$22.4M	$67.0M	25x	as long as short
Extended AAPL_24_5-USD	+0.0120%	1h	338.96	+0.057%	$285K	$1.5M	10x	as long as short
tradeXYZ xyz:AAPL	+0.0183%	1h	338.90	+0.038%	$40.8M	$76.3M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0192%	1h	339.03	+0.077%	$660K	$676K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.41	+0.189%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	339.00	+0.068%	$5K	$8K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0370%	1h	338.96	+0.056%	$28K	$66K	10x	as long as short
Arcus AAPL-USD	+0.0397%	1h	338.87	+0.030%	$269K	$70K	20x	as long as short