AAPL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0347%/8h= −38.0% APRnext payment −$0.43 per $10,000 · paid last 24h −0.020%

Price spread now: QFEX against Arcus+0.018%7-day average +0.035% · 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−$29as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on Arcus Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.066%−$7 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.018%, 7d avg +0.035%

Together, before fees−0.042%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.035%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.066% in total (about -7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.43 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAPL-USD	338.85	0.0406	pay 0.0051% / 1h	37m 28s	$269K	$70K	20x
Short	QFEX AAPL-USD	338.91	0.0059	get 0.0007% / 1h	37m 28s	$3.2M	$5.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$72.81
Price spread: +0.018% → +0.035%: −$1.69
Slippage, 4 orders: −$13.07
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$102.08
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from Arcus: live order book, 36 min ago; QFEX: 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, 36 min ago	2.80 bp	8.0 bp −$8	11.3 bp −$113	21.5 bp −$2,155	doesn't fit
Sell QFEX live order book, 6 min ago	1.77 bp	6.8 bp −$7	7.2 bp −$72	11.3 bp −$1,131	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	−0.0985%	4h	338.90	+0.015%	$81K	$325K	20x	as long as short
Nado AAPL-PERP	−0.0033%	1h	338.75	−0.029%	$556K	$36K	20x	as long as short
Hotstuff AAPL-PERP	−0.0016%	1h	338.83	−0.006%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.97	+0.036%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.98	+0.038%	$6.1M	$39.3M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.89	+0.012%	$6.4M	$6.5M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.73	−0.035%	$3.0M	$4.2M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.94	+0.025%	$13K	$479K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.95	+0.030%	$464	$4.7M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.76	−0.027%	$28K	$66K	10x	as long as short

Show 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	+0.068%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.96	+0.032%	$2.1M	$6K	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.83	−0.007%	$771K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.87	+0.006%	$957K	$3.6M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.65	−0.059%	—	$53K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.82	−0.009%	$40.8M	$75.9M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.71	−0.041%	$263K	$396K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.80	−0.015%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.66	−0.056%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USDshort	+0.0059%	1h	338.91	+0.018%	$3.2M	$5.1M	10x
Bitget AAPLUSDT	+0.0061%	8h	338.96	+0.032%	$6.2M	$3.4M	100x	as long as short
BloFin AAPL-USDT	+0.0089%	8h	338.96	+0.032%	$347K	$169K	20x	as long as short
Variational Omni AAPL	+0.0092%	8h	338.95	+0.031%	$2.4M	$1.4M	—	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.56	−0.086%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.69	−0.047%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.82	−0.009%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.86	+0.002%	$11K	—	10x	as long as short
Extended AAPL_24_5-USD	+0.0112%	1h	338.92	+0.022%	$284K	$2.2M	10x	as long as short
Binance AAPLUSDT	+0.0114%	8h	339.00	+0.043%	$22.2M	$66.7M	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	338.77	−0.024%	$659K	$664K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.73	−0.035%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	338.93	+0.024%	$5K	$11K	20x	as long as short
Arcus AAPL-USDlong	+0.0406%	1h	338.85	long leg	$269K	$70K	20x