Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0755%/8h= −82.6% APRpaid last 24h −0.164%

Price spread now: edgeX against tradeXYZ+0.006%7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$400.399% of the position

Long on tradeXYZ Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.358%−$36 on $10k

Price spread, last 3 days (all we have)+0.117%+$12 · spread now +0.006%, 7d avg +0.078%

Together, before fees−0.241%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board−$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and edgeX is 0.072% cheaper against tradeXYZ than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.078%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.358% in total (about -18.7% 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	tradeXYZ xyz:AAPL	338.63	0.0050	pay 0.0006% / 1h	58m 54s	$40.8M	$75.8M	20x
Short	edgeX AAPLUSDC	338.65	−0.0705	pay 0.0352% / 4h	2h 58m	$81K	$327K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$158.46
Price spread: +0.006% → +0.078%: −$7.2
Slippage, 4 orders: −$12.86
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$205.52
Costs to cover: 0.399%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 11 min ago; edgeX: live order book, 9 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, 11 min ago	0.15 bp	9.4 bp −$9	11.8 bp −$118	doesn't fit	doesn't fit
Sell edgeX live order book, 9 min ago	5.32 bp	10.5 bp −$10	17.5 bp −$175	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	−0.0705%	4h	338.65	+0.006%	$81K	$327K	20x
Nado AAPL-PERP	−0.0036%	1h	338.61	−0.005%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.70	+0.022%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.72	+0.027%	$6.0M	$39.4M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.68	+0.015%	$6.4M	$6.6M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.49	−0.041%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.79	+0.047%	$6.2M	$3.4M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.69	+0.017%	$17K	$433K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.68	+0.015%	$681	$4.7M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.54	−0.027%	$28K	$67K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AAPL-USDT	0.0000%	8h	338.80	+0.050%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.73	+0.030%	$2.1M	$7K	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.57	−0.018%	$744K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.62	−0.003%	$953K	$3.5M	20x	as long as short
Variational Omni AAPL	+0.0044%	8h	338.74	+0.031%	$2.4M	$1.4M	—	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.50	−0.038%	—	$45K	25x	as long as short
Hotstuff AAPL-PERP	+0.0048%	1h	338.61	−0.006%	$36K	—	20x	as long as short
tradeXYZ xyz:AAPLlong	+0.0050%	1h	338.63	long leg	$40.8M	$75.8M	20x
Polymarket Perps AAPL-USD	+0.0050%	1h	338.41	−0.065%	$261K	$397K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.62	−0.003%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.41	−0.065%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	338.67	+0.012%	$3.2M	$5.0M	10x	as long as short
Extended AAPL_24_5-USD	+0.0072%	1h	338.57	−0.019%	$284K	$2.0M	10x	as long as short
Binance AAPLUSDT	+0.0073%	8h	338.67	+0.012%	$22.2M	$66.8M	25x	as long as short
BloFin AAPL-USDT	+0.0084%	8h	338.81	+0.053%	$346K	$169K	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.63	0.000%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.48	−0.044%	$945K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.58	−0.015%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.58	−0.013%	$10K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0136%	1h	338.51	−0.035%	$655K	$668K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.48	−0.044%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	338.81	+0.053%	$5K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0406%	1h	338.63	0.000%	$269K	$70K	20x	as long as short