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 − costs—under 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
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%
=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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni AAPLUSDT | 338.78 | 0.0100 | pay 0.0013% / 1h | 47m 15s | $946K | $10.9M | 50x |
| Short | Arcus AAPL-USD | 339.02 | 0.0397 | get 0.0050% / 1h | 47m 15s | $270K | $71K | 20x |
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 itlatest
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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy ApeX Omni live order book, 2 min ago | 1.92 bp | 6.9 bp −$7 | 8.5 bp −$85 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 31 min ago | 2.65 bp | 5.5 bp −$5 | 6.8 bp −$68 | 17.0 bp −$1,700 | 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 | −0.0893% | 4h | 339.12 | +0.101% | $81K | $326K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.99 | +0.062% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.19 | +0.121% | $6.0M | $39.8M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.11 | +0.097% | $6.5M | $7.0M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.93 | +0.044% | $3.0M | $4.2M | 100x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.13 | +0.103% | $675 | $4.8M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.20 | +0.124% | $52K | $223K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.17 | +0.115% | $2.1M | $7K | 10x | as long as short |
| GRVT AAPL_USDT_Perp | +0.0002% | 8h | 339.13 | +0.103% | $14K | $498K | 10x | as long as short |
| Bitget AAPLUSDT | +0.0027% | 8h | 339.16 | +0.112% | $6.2M | $3.4M | 100x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH AAPL | +0.0032% | 1h | 339.06 | +0.083% | $964K | $3.7M | 20x | as long as short |
| Variational Omni AAPL | +0.0034% | 8h | 339.17 | +0.114% | $2.4M | $1.4M | — | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.77 | −0.003% | — | $53K | 25x | as long as short |
| BloFin AAPL-USDT | +0.0049% | 8h | 339.15 | +0.109% | $304K | $167K | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.96 | +0.053% | $265K | $394K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.03 | +0.074% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.82 | +0.012% | $1.4M | $2.4M | 20x | as long as short |
| QFEX AAPL-USD | +0.0064% | 1h | 339.07 | +0.086% | $3.2M | $5.1M | 10x | as long as short |
| Binance AAPLUSDT | +0.0069% | 8h | 339.13 | +0.103% | $22.4M | $67.2M | 25x | as long as short |
| Extended AAPL_24_5-USD | +0.0072% | 1h | 339.07 | +0.085% | $285K | $1.5M | 10x | as long as short |
| Lighter AAPL | +0.0096% | 1h | 339.00 | +0.066% | $773K | $2.4M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.84 | +0.018% | $1.4M | $28K | 20x | as long as short |
| ApeX Omni AAPLUSDTlong | +0.0100% | 1h | 338.78 | long leg | $946K | $10.9M | 50x | |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.01 | +0.068% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.08 | +0.087% | $11K | — | 10x | as long as short |
| Nado AAPL-PERP | +0.0124% | 1h | 338.84 | +0.017% | $556K | $35K | 20x | as long as short |
| Hotstuff AAPL-PERP | +0.0136% | 1h | 339.03 | +0.074% | $36K | — | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0192% | 1h | 339.03 | +0.074% | $660K | $677K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.57 | +0.233% | $191K | $44K | 30x | as long as short |
| tradeXYZ xyz:AAPL | +0.0221% | 1h | 339.03 | +0.074% | $40.9M | $76.4M | 20x | as long as short |
| Phoenix AAPL | +0.0330% | 1h | 339.19 | +0.121% | $2K | $8K | 20x | as long as short |
| Arcus AAPL-USDshort | +0.0397% | 1h | 339.02 | +0.071% | $270K | $71K | 20x | |
| Deribit AAPL_USDC-PERPETUAL | +0.0458% | 1h | 339.05 | +0.080% | $28K | $65K | 10x | as long as short |
ApeX Omni AAPLUSDT
edgeX AAPLUSDC
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
GRVT AAPL_USDT_Perp
Bitget AAPLUSDT
Lighter RH AAPL
Variational Omni AAPL
BloFin AAPL-USDT
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Binance AAPLUSDT
Extended AAPL_24_5-USD
Lighter AAPL
KuCoin AAPLUSDTM
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP
tradeXYZ xyz:AAPL
Phoenix AAPL
Deribit AAPL_USDC-PERPETUAL