Funding you earn now, next payment 01:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h −0.017%
Price spread now: Coinbase International against Arcus−0.133%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$350.350% of the position
Funding, last 3 days (all we have)−0.041%−$4 on $10k
+Price spread, last 3 days (all we have)+0.155%+$15 · spread now −0.133%, 7d avg −0.014%
=Funding pays, the price is against you. Coinbase International is 0.119% cheaper against Arcus than usual: you would sell low and buy high (spread −0.133% now, against its 7-day average of −0.014%). If the spread goes back, that is −$12 on $10k: about 4.1 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus AAPL-USD | 338.96 | 0.0040 | pay 0.0005% / 1h | 22m 45s | $270K | $70K | 20x |
| Short | Coinbase International AAPL-PERP-INTX | 338.51 | 0.0136 | get 0.0017% / 1h | 22m 45s | $655K | $665K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Arcus. 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
- $20.1
- Price spread: −0.133% → −0.014%
- −$11.87
- Slippage, 4 orders
- −$20.5
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$26.77
- Costs to cover
- 0.350%
- Break-even
- 16.3 days
Slippage from Arcus: live order book, 46 min ago; Coinbase International: live order book, 45 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, 46 min ago | 1.92 bp | 9.5 bp −$9 | 13.7 bp −$137 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 45 min ago | 1.77 bp | 9.1 bp −$9 | 11.0 bp −$110 | doesn't fit | doesn't fit |
AAPL on 32 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit AAPL_USDC-PERPETUAL | −0.0251% | 1h | 338.85 | −0.032% | $28K | $67K | 10x | as long as short |
| edgeX AAPLUSDC | −0.0155% | 4h | 339.01 | +0.014% | $81K | $325K | 20x | as long as short |
| Nado AAPL-PERP | −0.0066% | 1h | 339.08 | +0.035% | $555K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.07 | +0.034% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.19 | +0.068% | $6.0M | $39.3M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.17 | +0.062% | $6.3M | $6.7M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.94 | −0.006% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.19 | +0.068% | $6.2M | $3.5M | 100x | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.06 | +0.030% | $17K | $433K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.09 | +0.038% | $916 | $4.7M | 20x | as long as short |
Show all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX AAPL-USDT | 0.0000% | 8h | 339.25 | +0.086% | $53K | $224K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.23 | +0.080% | $2.1M | $6K | 10x | as long as short |
| Variational Omni AAPL | +0.0018% | 8h | 339.02 | +0.019% | $2.4M | $1.4M | — | as long as short |
| QFEX AAPL-USD | +0.0028% | 1h | 339.05 | +0.027% | $3.2M | $4.9M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.01 | +0.014% | $742K | $2.3M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.05 | +0.027% | $952K | $3.5M | 20x | as long as short |
| Arcus AAPL-USDlong | +0.0040% | 1h | 338.96 | long leg | $270K | $70K | 20x | |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.95 | −0.003% | — | $45K | 25x | as long as short |
| Extended AAPL_24_5-USD | +0.0048% | 1h | 339.04 | +0.024% | $288K | $2.0M | 10x | as long as short |
| Binance AAPLUSDT | +0.0050% | 8h | 339.13 | +0.050% | $22.2M | $66.9M | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.83 | −0.038% | $262K | $395K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.05 | +0.027% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.81 | −0.044% | $1.4M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:AAPL | +0.0065% | 1h | 339.07 | +0.032% | $40.8M | $75.7M | 20x | as long as short |
| Hotstuff AAPL-PERP | +0.0072% | 1h | 339.05 | +0.027% | $36K | — | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.94 | −0.006% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.88 | −0.024% | $947K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.09 | +0.038% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.02 | +0.018% | $11K | — | 10x | as long as short |
| Coinbase International AAPL-PERP-INTXshort | +0.0136% | 1h | 338.51 | −0.133% | $655K | $665K | 10x | |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.78 | −0.053% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0236% | 1h | 339.04 | +0.024% | $5K | $11K | 20x | as long as short |
Coinbase International AAPL-PERP-INTX
Deribit AAPL_USDC-PERPETUAL
edgeX AAPLUSDC
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
Variational Omni AAPL
Lighter AAPL
Lighter RH AAPL
Extended AAPL_24_5-USD
Binance AAPLUSDT
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
tradeXYZ xyz:AAPL
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Injective AAPL/USDC PERP
Phoenix AAPL