Funding you earn now, next payment 01:00 UTC−0.0306%/8h= −33.5% APRpaid last 24h −0.051%
Price spread now: KuCoin against Arcus−0.053%7-day average −0.013% · 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−$142as in the Price arb table
costs, in and out, $10k−$1381.382% of the position
Funding, last 3 days (all we have)−0.118%−$12 on $10k
+Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.053%, 7d avg −0.013%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and KuCoin is 0.040% cheaper against Arcus than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.013%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus AAPL-USD | 338.82 | 0.0406 | pay 0.0051% / 1h | 29m 27s | $269K | $70K | 20x |
| Short | KuCoin AAPLUSDTM | 338.64 | 0.0100 | get 0.0100% / 8h | 7h 29m | $1.4M | $27K | 20x |
Arcus AAPL-USD
KuCoin AAPLUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$64.18
- Price spread: −0.053% → −0.013%
- −$3.98
- Slippage, 4 orders
- −$121.74
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$206.39
- Costs to cover
- 1.382%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 44 min ago; KuCoin: live order book, 6 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, 44 min ago | 2.80 bp | 8.0 bp −$8 | 11.3 bp −$113 | 21.5 bp −$2,155 | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 6.20 bp | 62.7 bp −$63 | doesn't fit | 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 | −0.0418% | 4h | 338.85 | +0.010% | $81K | $327K | 20x | as long as short |
| Hotstuff AAPL-PERP | −0.0056% | 1h | 338.80 | −0.006% | $36K | — | 20x | as long as short |
| Nado AAPL-PERP | −0.0018% | 1h | 338.72 | −0.029% | $554K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.95 | +0.038% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 338.95 | +0.038% | $6.0M | $39.3M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 338.90 | +0.024% | $6.4M | $6.5M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.73 | −0.027% | $3.0M | $4.2M | 100x | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 338.93 | +0.032% | $13K | $479K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 338.92 | +0.030% | $678 | $4.7M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.60 | −0.065% | $28K | $66K | 10x | as long as short |
edgeX AAPLUSDC
Hotstuff AAPL-PERP
Nado AAPL-PERP
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUALShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX AAPL-USDT | 0.0000% | 8h | 339.08 | +0.077% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 338.96 | +0.041% | $2.1M | $6K | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.79 | −0.009% | $771K | $2.3M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 338.83 | +0.003% | $957K | $3.6M | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.61 | −0.062% | — | $52K | 25x | as long as short |
| Bitget AAPLUSDT | +0.0047% | 8h | 338.95 | +0.038% | $6.2M | $3.4M | 100x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 338.82 | 0.000% | $40.8M | $75.9M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.68 | −0.041% | $263K | $396K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.79 | −0.009% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.60 | −0.065% | $1.4M | $2.5M | 20x | as long as short |
| QFEX AAPL-USD | +0.0059% | 1h | 338.87 | +0.015% | $3.2M | $5.1M | 10x | as long as short |
| Variational Omni AAPL | +0.0087% | 8h | 338.90 | +0.025% | $2.4M | $1.4M | — | as long as short |
| KuCoin AAPLUSDTMshort | +0.0100% | 8h | 338.64 | −0.053% | $1.4M | $27K | 20x | |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.68 | −0.041% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.84 | +0.006% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.81 | −0.004% | $11K | — | 10x | as long as short |
| Binance AAPLUSDT | +0.0111% | 8h | 338.98 | +0.049% | $22.2M | $66.7M | 25x | as long as short |
| Extended AAPL_24_5-USD | +0.0112% | 1h | 338.90 | +0.023% | $286K | $2.4M | 10x | as long as short |
| BloFin AAPL-USDT | +0.0126% | 8h | 338.92 | +0.030% | $347K | $169K | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0184% | 1h | 338.77 | −0.015% | $659K | $663K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.65 | −0.050% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0330% | 1h | 338.96 | +0.041% | $5K | $11K | 20x | as long as short |
| Arcus AAPL-USDlong | +0.0406% | 1h | 338.82 | long leg | $269K | $70K | 20x |
HTX AAPL-USDT
Phemex AAPLUSDT
Lighter AAPL
Lighter RH AAPL
Vest AAPL-USD-PERP
Bitget AAPLUSDT
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
QFEX AAPL-USD
Variational Omni AAPL
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Binance AAPLUSDT
Extended AAPL_24_5-USD
BloFin AAPL-USDT
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP
Phoenix AAPL