Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.022%

Price spread now: Coinbase International against Orderly+0.018%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AAPL_USDC_mythos	338.99	0.0100	pay 0.0100% / 8h	3h 32m	$4K	—	10x
Short	Coinbase International AAPL-PERP-INTX	339.05	0.0096	get 0.0012% / 1h	32m 03s	$660K	$664K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Orderly. 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 OrderlybpFee Coinbase InternationalbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$0.84
Price spread: +0.018% → 0.000%: $1.77
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$15.07
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 16 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 16 min ago	0.15 bp	6.5 bp −$6	10.6 bp −$106	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0964%	4h	339.03	+0.012%	$81K	$326K	20x	as long as short
BloFin AAPL-USDT	−0.0013%	8h	339.07	+0.024%	$358K	$165K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.00	+0.003%	$125K	$287K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.99	0.000%	$284K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.08	+0.027%	$22.2M	$66.3M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.09	+0.029%	$6.3M	$24.8M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.98	−0.003%	$6.6M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.91	−0.024%	$3.0M	$4.1M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.07	+0.024%	$6.3M	$3.3M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.10	+0.031%	$2.1M	$1.0M	—	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	338.98	−0.003%	$20K	$521K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.07	+0.024%	$434	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.15	+0.047%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.07	+0.024%	$2.1M	$7K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.04	+0.014%	$690K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.01	+0.006%	$947K	$3.9M	20x	as long as short
QFEX AAPL-USD	+0.0033%	1h	339.03	+0.012%	$3.2M	$4.8M	10x	as long as short
Hotstuff AAPL-PERP	+0.0040%	1h	339.00	+0.003%	$36K	—	20x	as long as short
Nado AAPL-PERP	+0.0044%	1h	338.85	−0.043%	$556K	$34K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.72	−0.080%	—	$9K	25x	as long as short
KuCoin AAPLUSDTM	+0.0050%	8h	338.87	−0.035%	$1.4M	$28K	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.85	−0.041%	$261K	$366K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.02	+0.009%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.86	−0.038%	$1.3M	$2.1M	20x	as long as short
Coinbase International AAPL-PERP-INTXshort	+0.0096%	1h	339.05	+0.018%	$660K	$664K	10x
ApeX Omni AAPLUSDT	+0.0100%	1h	338.78	−0.062%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythoslong	+0.0100%	8h	338.99	long leg	$4K	—	10x
Aevo AAPL-PERP	+0.0104%	1h	338.97	−0.006%	$11K	—	10x	as long as short
tradeXYZ xyz:AAPL	+0.0140%	1h	339.05	+0.018%	$40.9M	$76.4M	20x	as long as short
Phoenix AAPL	+0.0212%	1h	339.18	+0.056%	$2K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.83	−0.047%	$191K	$44K	30x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0252%	1h	339.06	+0.021%	$28K	$64K	10x	as long as short
Arcus AAPL-USD	+0.0256%	1h	338.99	0.000%	$270K	$69K	20x	as long as short