Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.029%

Price spread now: GRVT against Arcus−0.016%54s7-day average +0.050% · 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—prices read too far apart to compare

costs, in and out, $10k−$260.261% of the position

Long on Arcus Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.083%−$8 on $10k

Price spread, last 4 days (all we have)+0.158%+$16 · spread now −0.016%, 7d avg +0.050%

Together, before fees+0.076%+ Points / potential airdropGRVT: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GRVT is 0.067% cheaper against Arcus than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.050%). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAPL-USD	339.92	0.0040	pay 0.0005% / 1h	12m 46s	$267K	$60K	20x
Short	GRVT AAPL_USDT_Perp	339.86	0	get 0.0000% / 8h	7h 12m	$22K	$345K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$8.46
Price spread: −0.016% → +0.050%: −$6.68
Slippage, 4 orders: −$12.61
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$41.25
Costs to cover: 0.261%
Break-even: never at this rate

Slippage from Arcus: live order book, 20 min ago; GRVT: live order book, 20 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, 20 min ago	2.80 bp	7.5 bp −$8	8.8 bp −$88	18.7 bp −$1,874	doesn't fit
Sell GRVT live order book, 20 min ago	1.47 bp	6.0 bp −$6	9.7 bp −$97	doesn't fit	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	−0.0543%	4h	339.97	+0.015%	$81K	$328K	20x	as long as short
Hotstuff AAPL-PERP	−0.0048%	1h	339.89	−0.009%	$36K	—	20x	as long as short
BloFin AAPL-USDT	−0.0028%	8h	340.03	+0.032%	$345K	$166K	20x	as long as short
Nado AAPL-PERP	−0.0019%	1h	339.83	−0.028%	$556K	$35K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.90	−0.006%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.95	+0.010%	$286K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	340.06	+0.043%	$22.2M	$67.2M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	340.09	+0.050%	$7.7M	$213.7M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	340.00	+0.024%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.85	−0.021%	$3.0M	$5.9M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	340.02	+0.029%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	340.04	+0.034%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perpshort	0.0000%	8h	339.86	−0.016%	$22K	$345K	10x
SunX AAPL-USDT	0.0000%	8h	340.04	+0.035%	$949	$4.3M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	340.09	+0.050%	$62K	$243K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	340.08	+0.047%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0010%	1h	339.95	+0.009%	$3.3M	$4.2M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.56	−0.106%	$660K	$653K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.99	+0.021%	$929K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.97	+0.015%	$987K	$3.3M	20x	as long as short
Arcus AAPL-USDlong	+0.0040%	1h	339.92	long leg	$267K	$60K	20x
Vest AAPL-USD-PERP	+0.0046%	1h	339.75	−0.050%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.93	+0.003%	$40.4M	$76.7M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.88	−0.012%	$279K	$350K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.94	+0.006%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.77	−0.044%	$1.3M	$2.3M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.73	−0.056%	$1.4M	$93K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.84	−0.024%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.89	−0.009%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.87	−0.015%	$11K	$102	10x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0191%	1h	339.91	−0.003%	$28K	$70K	10x	as long as short
Phoenix AAPL	+0.0212%	1h	340.08	+0.047%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.37	+0.132%	$192K	$44K	30x	as long as short