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+0.0099%/8h= +10.8% APRnext payment +$0.99 per $10,000 · paid last 24h −0.024%
Price spread now: KuCoin against SunX−0.121%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$179as in the Funding arb table
Net, price: spread back to 7d avg − costs−$186as in the Price arb table
costs, in and out, $10k−$1801.802% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.009%+$1 on $10k
Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.121%, 7d avg −0.063%
Together, before fees+0.081%+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.058% cheaper against SunX than usual: you would sell low and buy high (spread −0.121% now, against its 7-day average of −0.063%). If the spread goes back, that is −$6 on $10k: about 47 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.009% in total) that is about 48 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX AAPL-USDT339.860get 0.0000% / 8h2h 23m$435$4.6M20x
ShortKuCoin AAPLUSDTM339.450.0099get 0.0099% / 8h2h 23m$1.4M$38K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against SunX. 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
$20.79
Price spread: −0.121% → −0.063%
−$5.79
Slippage, 4 orders
−$160.23
Fee SunX: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$165.23
Costs to cover
1.802%
Break-even
62.6 days
Slippage from SunX: live order book, 5 min ago; KuCoin: live order book, 1 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 SunX live order book, 5 min ago44.88 bp49.4 bp −$49doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 1 min ago11.34 bp34.1 bp −$34doesn't fitdoesn'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−0.0812%4h339.76−0.029%$81K$326K20xas long as short
Nado AAPL-PERP−0.0115%1h339.87+0.003%$556K$38K20xas long as short
Deribit AAPL_USDC-PERPETUAL−0.0074%1h339.71−0.044%$28K$68K10xas long as short
BloFin AAPL-USDT−0.0018%8h339.84−0.006%$340K$168K20xas long as short
Aster AAPLUSDT0.0000%8h339.80−0.019%$121K$292K20xas long as short
Extended AAPL_24_5-USD0.0000%1h339.78−0.023%$285K$1.8M10xas long as short
Binance AAPLUSDT0.0000%8h339.88+0.006%$22.1M$67.6M25xas long as short
Bybit AAPLUSDT0.0000%8h339.89+0.009%$5.9M$89.5M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.91+0.015%$6.3M$6.9M25xas long as short
Gate AAPL_USDT0.0000%8h339.66−0.059%$3.0M$4.8M100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget AAPLUSDT0.0000%8h339.96+0.029%$6.3M$3.5M100xas long as short
Variational Omni AAPL0.0000%8h339.83−0.007%$2.4M$1.3Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h339.63−0.068%$16K$411K10xas long as short
SunX AAPL-USDTlong0.0000%8h339.86long leg$435$4.6M20x
HTX AAPL-USDT0.0000%8h339.98+0.035%$53K$225K30xas long as short
Phemex AAPLUSDT0.0000%4h339.860.000%$2.1M$7K10xas long as short
Hotstuff AAPL-PERP+0.0016%1h339.77−0.026%$36K20xas long as short
QFEX AAPL-USD+0.0020%1h339.76−0.029%$3.2M$4.4M10xas long as short
Lighter AAPL+0.0032%1h339.78−0.025%$861K$2.6M20xas long as short
Lighter RH AAPL+0.0032%1h339.74−0.035%$941K$3.6M20xas long as short
Arcus AAPL-USD+0.0040%1h339.59−0.079%$267K$60K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h339.75−0.032%$45K25xas long as short
Coinbase International AAPL-PERP-INTX+0.0048%1h339.56−0.088%$663K$655K10xas long as short
tradeXYZ xyz:AAPL+0.0050%1h339.74−0.035%$40.5M$76.5M20xas long as short
Polymarket Perps AAPL-USD+0.0050%1h339.68−0.053%$278K$408K10xas long as short
SoDEX AAPL-USD+0.0050%1h339.81−0.015%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h339.62−0.071%$1.3M$2.5M20xas long as short
KuCoin AAPLUSDTMshort+0.0099%8h339.45−0.121%$1.4M$38K20x
ApeX Omni AAPLUSDT+0.0100%1h339.78−0.024%$949K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.74−0.035%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h339.77−0.027%$11K$10210xas long as short
Phoenix AAPL+0.0212%1h339.89+0.009%$5K$11K20xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.68−0.053%$191K$44K30xas long as short