Funding you earn now, next payment 06:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.031%
Price spread now: Phemex against Arcus+0.062%7-day average +0.064% · 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−$115as in the Price arb table
costs, in and out, $10k−$1151.150% of the position
Funding, last 4 days (all we have)−0.083%−$8 on $10k
+Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.062%, 7d avg +0.064%
=The price spread sits at its 7-day average of +0.064%, 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 | 339.05 | 0.0040 | pay 0.0005% / 1h | 52m 24s | $266K | $60K | 20x |
| Short | Phemex AAPLUSDT | 339.26 | 0 | get 0.0000% / 4h | 2h 52m | $2.1M | $7K | 10x |
Arcus AAPL-USD
Phemex AAPLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$8.46
- Price spread: +0.062% → +0.064%
- −$0.21
- Slippage, 4 orders
- −$98.48
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$123.65
- Costs to cover
- 1.150%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 61 min ago; Phemex: live order book, 1 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, 61 min ago | 3.10 bp | 9.4 bp −$9 | 14.6 bp −$146 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 1.92 bp | 55.8 bp −$56 | 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 | −0.0940% | 4h | 339.21 | +0.046% | $81K | $327K | 20x | as long as short |
| Nado AAPL-PERP | −0.0067% | 1h | 339.04 | −0.004% | $555K | $38K | 20x | as long as short |
| Hotstuff AAPL-PERP | −0.0040% | 1h | 339.05 | 0.000% | $36K | — | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.07 | +0.007% | $121K | $295K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.15 | +0.029% | $278K | $1.8M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.25 | +0.059% | $21.9M | $67.1M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.17 | +0.035% | $7.0M | $81.6M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.20 | +0.044% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.99 | −0.018% | $3.0M | $4.6M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.31 | +0.077% | $6.2M | $3.5M | 100x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Hotstuff AAPL-PERP
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AAPL | 0.0000% | 8h | 339.29 | +0.069% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.30 | +0.072% | $16K | $411K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.21 | +0.047% | $438 | $4.6M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.10 | +0.015% | $28K | $67K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.33 | +0.083% | $52K | $224K | 30x | as long as short |
| Phemex AAPLUSDTshort | 0.0000% | 4h | 339.26 | +0.062% | $2.1M | $7K | 10x | |
| BloFin AAPL-USDT | +0.0011% | 8h | 339.22 | +0.050% | $342K | $168K | 20x | as long as short |
| QFEX AAPL-USD | +0.0020% | 1h | 339.11 | +0.018% | $3.2M | $4.4M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.01 | −0.013% | $826K | $2.5M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.02 | −0.009% | $940K | $3.6M | 20x | as long as short |
| Arcus AAPL-USDlong | +0.0040% | 1h | 339.05 | long leg | $266K | $60K | 20x | |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.95 | −0.029% | — | $45K | 25x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0048% | 1h | 339.08 | +0.009% | $662K | $657K | 10x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.05 | 0.000% | $40.5M | $76.2M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.07 | +0.006% | $277K | $408K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.04 | −0.003% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.05 | 0.000% | $1.3M | $2.5M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.08 | +0.009% | $1.4M | $38K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.12 | +0.021% | $947K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.07 | +0.006% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.07 | +0.007% | $11K | — | 10x | as long as short |
| Phoenix AAPL | +0.0212% | 1h | 339.29 | +0.071% | $5K | $11K | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.05 | 0.000% | $191K | $44K | 30x | as long as short |
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
BloFin AAPL-USDT
QFEX AAPL-USD
Lighter AAPL
Lighter RH AAPL
Vest AAPL-USD-PERP
Coinbase International AAPL-PERP-INTX
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Phoenix AAPL
Injective AAPL/USDC PERP