Funding you earn now, next payment 01:00 UTC−0.0717%/8h= −78.5% APRnext payment −$0.90 per $10,000 · paid last 24h −0.013%
Price spread now: Deribit against Arcus−0.068%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Deribit is 0.068% cheaper against Arcus than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus AAPL-USD | 338.56 | 0.0406 | pay 0.0051% / 1h | 9m 18s | $269K | $70K | 20x |
| Short | Deribit AAPL_USDC-PERPETUAL | 338.33 | −0.0311 | pay 0.0039% / 1h | 9m 18s | $28K | $67K | 10x |
Arcus AAPL-USD
Deribit AAPL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$150.54
- Price spread: −0.068% → 0.000%
- −$6.79
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$168.84
- Costs to cover
- 0.115%
- Break-even
- never at this rate
Slippage unknown: Arcus: live order book, 64 min ago; Deribit: no order-book sample. Net counts fees only.
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, 64 min ago | 2.80 bp | 8.0 bp −$8 | 11.3 bp −$113 | 21.5 bp −$2,155 | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0817% | 4h | 338.56 | +0.001% | $81K | $325K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUALshort | −0.0311% | 1h | 338.33 | −0.068% | $28K | $67K | 10x | |
| Nado AAPL-PERP | −0.0026% | 1h | 338.56 | −0.001% | $554K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.66 | +0.028% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 338.68 | +0.035% | $6.0M | $39.4M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 338.68 | +0.035% | $6.4M | $6.6M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.40 | −0.047% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 338.68 | +0.035% | $6.2M | $3.4M | 100x | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 338.67 | +0.032% | $17K | $433K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 338.62 | +0.018% | $481 | $4.7M | 20x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
GRVT AAPL_USDT_Perp
SunX AAPL-USDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX AAPL-USDT | 0.0000% | 8h | 338.77 | +0.062% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 338.60 | +0.012% | $2.1M | $6K | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.52 | −0.012% | $765K | $2.3M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 338.57 | +0.003% | $956K | $3.6M | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.48 | −0.024% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 338.59 | +0.009% | $40.8M | $75.8M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.35 | −0.062% | $263K | $394K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.59 | +0.009% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.33 | −0.068% | $1.4M | $2.4M | 20x | as long as short |
| Hotstuff AAPL-PERP | +0.0056% | 1h | 338.59 | +0.009% | $36K | — | 20x | as long as short |
| QFEX AAPL-USD | +0.0059% | 1h | 338.59 | +0.009% | $3.3M | $5.0M | 10x | as long as short |
| Variational Omni AAPL | +0.0060% | 8h | 338.62 | +0.016% | $2.4M | $1.4M | — | as long as short |
| BloFin AAPL-USDT | +0.0073% | 8h | 338.81 | +0.074% | $346K | $169K | 20x | as long as short |
| Binance AAPLUSDT | +0.0086% | 8h | 338.64 | +0.025% | $22.2M | $66.8M | 25x | as long as short |
| Extended AAPL_24_5-USD | +0.0088% | 1h | 338.56 | +0.001% | $284K | $2.0M | 10x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.62 | +0.018% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.49 | −0.021% | $945K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.50 | −0.018% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.54 | −0.007% | $10K | — | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0184% | 1h | 338.51 | −0.015% | $655K | $670K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.52 | −0.012% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0330% | 1h | 338.76 | +0.059% | $5K | $11K | 20x | as long as short |
| Arcus AAPL-USDlong | +0.0406% | 1h | 338.56 | long leg | $269K | $70K | 20x |
HTX AAPL-USDT
Phemex AAPLUSDT
Lighter AAPL
Lighter RH AAPL
Vest AAPL-USD-PERP
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
Hotstuff AAPL-PERP
QFEX AAPL-USD
Variational Omni AAPL
BloFin AAPL-USDT
Binance AAPLUSDT
Extended AAPL_24_5-USD
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP
Phoenix AAPL