Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.031%

Price spread now: Bybit against Arcus+0.035%7-day average +0.044% · 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−$32as in the Price arb table

costs, in and out, $10k−$310.310% of the position

Long on Arcus Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.077%−$8 on $10k

Price spread, last 4 days (all we have)+0.073%+$7 · spread now +0.035%, 7d avg +0.044%

Together, before fees−0.004%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.044%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAPL-USD	338.75	0.0040	pay 0.0005% / 1h	49m 18s	$269K	$70K	20x
Short	Bybit AAPLUSDT	338.87	0	get 0.0000% / 8h	6h 49m	$6.0M	$39.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Arcus. 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 ArcusbpFee BybitbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$8.46
Price spread: +0.035% → +0.044%: −$0.87
Slippage, 4 orders: −$15.45
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$40.28
Costs to cover: 0.310%
Break-even: never at this rate

Slippage from Arcus: live order book, 19 min ago; Bybit: live order book, 5 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 Arcus live order book, 19 min ago	1.92 bp	9.5 bp −$9	13.7 bp −$137	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.15 bp	6.1 bp −$6	8.8 bp −$88	36.4 bp −$3,645	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
Nado AAPL-PERP	−0.0094%	1h	338.71	−0.011%	$554K	$38K	20x	as long as short
edgeX AAPLUSDC	−0.0084%	4h	338.79	+0.010%	$81K	$326K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.85	+0.029%	$122K	$291K	20x	as long as short
Bybit AAPLUSDTshort	0.0000%	8h	338.87	+0.035%	$6.0M	$39.4M	100x
OKX AAPL-USDT-SWAP	0.0000%	8h	338.93	+0.053%	$6.4M	$6.6M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.72	−0.009%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.91	+0.047%	$6.2M	$3.4M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.80	+0.015%	$17K	$433K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.89	+0.041%	$674	$4.7M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.71	−0.012%	$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	339.00	+0.074%	$52K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.93	+0.053%	$2.1M	$6K	10x	as long as short
Hotstuff AAPL-PERP	+0.0024%	1h	338.78	+0.009%	$36K	—	20x	as long as short
QFEX AAPL-USD	+0.0028%	1h	338.82	+0.021%	$3.2M	$5.0M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.71	−0.012%	$744K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.76	+0.003%	$953K	$3.5M	20x	as long as short
Variational Omni AAPL	+0.0034%	8h	338.86	+0.031%	$2.4M	$1.4M	—	as long as short
Arcus AAPL-USDlong	+0.0040%	1h	338.75	long leg	$269K	$70K	20x
Vest AAPL-USD-PERP	+0.0046%	1h	338.65	−0.030%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.60	−0.044%	$261K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.80	+0.015%	$75K	$3K	10x	as long as short
BloFin AAPL-USDT	+0.0050%	8h	338.91	+0.047%	$347K	$169K	20x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.66	−0.027%	$1.4M	$2.4M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0062%	1h	338.82	+0.021%	$40.8M	$75.8M	20x	as long as short
Extended AAPL_24_5-USD	+0.0064%	1h	338.81	+0.018%	$284K	$2.0M	10x	as long as short
Binance AAPLUSDT	+0.0064%	8h	338.90	+0.044%	$22.2M	$66.8M	25x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.57	−0.053%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.65	−0.030%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.74	−0.003%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.75	−0.001%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0136%	1h	338.51	−0.071%	$655K	$666K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.61	−0.041%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	338.94	+0.056%	$5K	$11K	20x	as long as short