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

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0128%/8h= +14.0% APRnext payment +$0.16 per $10,000 · paid last 24h +0.007%
Price spread now: Coinbase International against QFEX−0.018%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$280.282% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.027%+$3 on $10k
Price spread, last 3 days (all we have)+0.047%+$5 · spread now −0.018%, 7d avg −0.049%
Together, before fees+0.074%+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.031% dearer against QFEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.049%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX AAPL-USD339.090.0064pay 0.0008% / 1h42m 03s$3.2M$5.1M10x
ShortCoinbase International AAPL-PERP-INTX339.030.0192get 0.0024% / 1h42m 03s$660K$677K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against QFEX. 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
$26.81
Price spread: −0.018% → −0.049%
$3.09
Slippage, 4 orders
−$8.19
Fee QFEX: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$1.72
Costs to cover
0.282%
Break-even
6.6 days
Slippage from QFEX: live order book, 6 min ago; Coinbase International: live order book, 36 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 QFEX live order book, 6 min ago1.33 bp6.3 bp −$66.5 bp −$6511.5 bp −$1,153doesn't fit
Sell Coinbase International live order book, 36 min ago1.77 bp7.6 bp −$810.5 bp −$105doesn't fitdoesn'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−0.0509%4h339.09+0.001%$81K$327K20xas long as short
Aster AAPLUSDT0.0000%8h339.02−0.021%$122K$291K20xas long as short
Bybit AAPLUSDT0.0000%8h339.11+0.006%$6.0M$39.6M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.07−0.006%$6.5M$7.0M25xas long as short
Gate AAPL_USDT0.0000%8h338.88−0.062%$3.0M$4.2M100xas long as short
SunX AAPL-USDT0.0000%8h339.15+0.018%$380$4.8M20xas long as short
Deribit AAPL_USDC-PERPETUAL0.0000%1h338.82−0.080%$28K$65K10xas long as short
HTX AAPL-USDT0.0000%8h339.24+0.044%$52K$223K30xas long as short
Phemex AAPLUSDT0.0000%4h339.16+0.021%$2.1M$7K10xas long as short
GRVT AAPL_USDT_Perp+0.0007%8h339.12+0.008%$14K$498K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH AAPL+0.0032%1h339.03−0.018%$964K$3.8M20xas long as short
Bitget AAPLUSDT+0.0036%8h339.13+0.012%$6.2M$3.4M100xas long as short
Vest AAPL-USD-PERP+0.0046%1h338.76−0.097%$53K25xas long as short
Variational Omni AAPL+0.0048%8h339.13+0.013%$2.4M$1.4Mas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.96−0.038%$265K$394K10xas long as short
SoDEX AAPL-USD+0.0050%1h338.96−0.038%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.86−0.068%$1.4M$2.4M20xas long as short
QFEX AAPL-USDlong+0.0064%1h339.09long leg$3.2M$5.1M10x
Binance AAPLUSDT+0.0079%8h339.090.000%$22.4M$67.4M25xas long as short
Extended AAPL_24_5-USD+0.0080%1h339.04−0.015%$285K$1.5M10xas long as short
BloFin AAPL-USDT+0.0081%8h339.14+0.015%$348K$167K20xas long as short
Lighter AAPL+0.0088%1h338.98−0.032%$773K$2.4M20xas long as short
KuCoin AAPLUSDTM+0.0100%8h338.87−0.065%$1.4M$28K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h338.76−0.097%$946K$10.9M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h338.99−0.029%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h339.09−0.001%$11K10xas long as short
Nado AAPL-PERP+0.0128%1h338.83−0.075%$556K$35K20xas long as short
Hotstuff AAPL-PERP+0.0128%1h339.03−0.018%$36K20xas long as short
Coinbase International AAPL-PERP-INTXshort+0.0192%1h339.03−0.018%$660K$677K10x
tradeXYZ xyz:AAPL+0.0215%1h338.96−0.038%$40.9M$76.5M20xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.57+0.142%$191K$44K30xas long as short
Phoenix AAPL+0.0330%1h339.090.000%$2K$8K20xas long as short
Arcus AAPL-USD+0.0397%1h339.03−0.018%$270K$71K20xas long as short