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

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0297%/8h= +32.5% APRnext payment +$0.37 per $10,000 · paid last 24h −0.008%
Price spread now: Arcus against ApeX Omni+0.071%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$280.278% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.030%−$3 on $10k
Price spread, last 4 days (all we have)−0.336%−$34 · spread now +0.071%, 7d avg −0.019%
Together, before fees−0.366%−$37 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Arcus is 0.090% dearer against ApeX Omni than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.019%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.030% in total (about -3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni AAPLUSDT338.780.0100pay 0.0013% / 1h47m 15s$946K$10.9M50x
ShortArcus AAPL-USD339.020.0397get 0.0050% / 1h47m 15s$270K$71K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against ApeX Omni. 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
$62.29
Price spread: +0.071% → −0.019%
$8.96
Slippage, 4 orders
−$13.35
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
$43.4
Costs to cover
0.278%
Break-even
2.1 days
Slippage from ApeX Omni: live order book, 2 min ago; Arcus: live order book, 31 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 ApeX Omni live order book, 2 min ago1.92 bp6.9 bp −$78.5 bp −$85doesn't fitdoesn't fit
Sell Arcus live order book, 31 min ago2.65 bp5.5 bp −$56.8 bp −$6817.0 bp −$1,700doesn'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−0.0893%4h339.12+0.101%$81K$326K20xas long as short
Aster AAPLUSDT0.0000%8h338.99+0.062%$122K$291K20xas long as short
Bybit AAPLUSDT0.0000%8h339.19+0.121%$6.0M$39.8M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.11+0.097%$6.5M$7.0M25xas long as short
Gate AAPL_USDT0.0000%8h338.93+0.044%$3.0M$4.2M100xas long as short
SunX AAPL-USDT0.0000%8h339.13+0.103%$675$4.8M20xas long as short
HTX AAPL-USDT0.0000%8h339.20+0.124%$52K$223K30xas long as short
Phemex AAPLUSDT0.0000%4h339.17+0.115%$2.1M$7K10xas long as short
GRVT AAPL_USDT_Perp+0.0002%8h339.13+0.103%$14K$498K10xas long as short
Bitget AAPLUSDT+0.0027%8h339.16+0.112%$6.2M$3.4M100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH AAPL+0.0032%1h339.06+0.083%$964K$3.7M20xas long as short
Variational Omni AAPL+0.0034%8h339.17+0.114%$2.4M$1.4Mas long as short
Vest AAPL-USD-PERP+0.0046%1h338.77−0.003%$53K25xas long as short
BloFin AAPL-USDT+0.0049%8h339.15+0.109%$304K$167K20xas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.96+0.053%$265K$394K10xas long as short
SoDEX AAPL-USD+0.0050%1h339.03+0.074%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.82+0.012%$1.4M$2.4M20xas long as short
QFEX AAPL-USD+0.0064%1h339.07+0.086%$3.2M$5.1M10xas long as short
Binance AAPLUSDT+0.0069%8h339.13+0.103%$22.4M$67.2M25xas long as short
Extended AAPL_24_5-USD+0.0072%1h339.07+0.085%$285K$1.5M10xas long as short
Lighter AAPL+0.0096%1h339.00+0.066%$773K$2.4M20xas long as short
KuCoin AAPLUSDTM+0.0100%8h338.84+0.018%$1.4M$28K20xas long as short
ApeX Omni AAPLUSDTlong+0.0100%1h338.78long leg$946K$10.9M50x
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.01+0.068%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h339.08+0.087%$11K10xas long as short
Nado AAPL-PERP+0.0124%1h338.84+0.017%$556K$35K20xas long as short
Hotstuff AAPL-PERP+0.0136%1h339.03+0.074%$36K20xas long as short
Coinbase International AAPL-PERP-INTX+0.0192%1h339.03+0.074%$660K$677K10xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.57+0.233%$191K$44K30xas long as short
tradeXYZ xyz:AAPL+0.0221%1h339.03+0.074%$40.9M$76.4M20xas long as short
Phoenix AAPL+0.0330%1h339.19+0.121%$2K$8K20xas long as short
Arcus AAPL-USDshort+0.0397%1h339.02+0.071%$270K$71K20x
Deribit AAPL_USDC-PERPETUAL+0.0458%1h339.05+0.080%$28K$65K10xas long as short