Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0073%/8h= −8.0% APRpaid last 24h +0.018%

Price spread now: BloFin against tradeXYZ−0.015%7-day average +0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on tradeXYZ Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.129%+$13 on $10k

Price spread, last 4 days (all we have)+0.124%+$12 · spread now −0.015%, 7d avg +0.094%

Together, before fees+0.253%+ Points / potential airdroptradeXYZ: Active · farm board+$25 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 0.109% cheaper against tradeXYZ than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.094%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.129%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AAPL	338.93	0.0050	pay 0.0006% / 1h	36m 58s	$40.5M	$76.0M	20x
Short	BloFin AAPL-USDT	338.88	−0.0023	pay 0.0023% / 8h	3h 36m	$341K	$168K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against tradeXYZ. 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 tradeXYZbpFee BloFinbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$15.33
Price spread: −0.015% → +0.094%: −$10.91
Slippage, 4 orders: −$1.94
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$58.18
Costs to cover: 0.319%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 3 min ago; BloFin: live order book, 58 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 tradeXYZ live order book, 3 min ago	0.29 bp	9.5 bp −$10	12.1 bp −$121	doesn't fit	doesn't fit
Sell BloFin live order book, 58 min ago	0.15 bp	6.1 bp −$6	7.0 bp −$70	14.4 bp −$1,436	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 AAPLUSDC	−0.0982%	4h	338.91	−0.005%	$81K	$327K	20x	as long as short
Nado AAPL-PERP	−0.0105%	1h	338.99	+0.019%	$555K	$38K	20x	as long as short
BloFin AAPL-USDTshort	−0.0023%	8h	338.88	−0.015%	$341K	$168K	20x
Aster AAPLUSDT	0.0000%	8h	338.98	+0.016%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.99	+0.018%	$284K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.08	+0.046%	$21.9M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.01	+0.024%	$5.9M	$65.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.05	+0.035%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.79	−0.041%	$3.0M	$4.4M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.07	+0.041%	$6.2M	$3.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	338.93	−0.001%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.96	+0.009%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.05	+0.035%	$671	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.91	−0.006%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.17	+0.071%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.99	+0.018%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0030%	1h	338.97	+0.012%	$3.2M	$4.5M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.95	+0.006%	$783K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.95	+0.006%	$945K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.84	−0.027%	$266K	$61K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.86	−0.021%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPLlong	+0.0050%	1h	338.93	long leg	$40.5M	$76.0M	20x
Polymarket Perps AAPL-USD	+0.0050%	1h	338.89	−0.012%	$278K	$405K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.93	0.000%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.66	−0.080%	$1.3M	$2.5M	20x	as long as short
Hotstuff AAPL-PERP	+0.0056%	1h	338.91	−0.006%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	338.78	−0.044%	$661K	$657K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.80	−0.038%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.85	−0.024%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.97	+0.012%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.94	+0.004%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.69	−0.071%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	338.99	+0.018%	$5K	$11K	20x	as long as short