Funding you earn now, next payment 00:00 UTC−0.0210%/8h= −23.0% APRnext payment −$0.26 per $10,000 · paid last 24h −0.020%
Price spread now: tradeXYZ against Arcus+0.006%7-day average −0.036% · 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−$28as in the Price arb table
costs, in and out, $10k−$320.323% of the position
Funding, last 3 days (all we have)−0.042%−$4 on $10k
+Price spread, last 4 days (all we have)+0.032%+$3 · spread now +0.006%, 7d avg −0.036%
=Together, before fees−0.010%+ Points / potential airdroptradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.042% dearer against Arcus than usual: you sell high and buy low (spread +0.006% now, against its 7-day average of −0.036%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 3 days (−0.042% in total) that is about 3.4 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.042% in total (about -4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.26 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 | 338.87 | 0.0397 | pay 0.0050% / 1h | 15m 32s | $269K | $70K | 20x |
| Short | tradeXYZ xyz:AAPL | 338.89 | 0.0187 | get 0.0023% / 1h | 15m 32s | $40.8M | $76.3M | 20x |
Arcus AAPL-USD
tradeXYZ xyz:AAPLFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$44.02
- Price spread: +0.006% → −0.036%
- $4.22
- Slippage, 4 orders
- −$9.83
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$72.13
- Costs to cover
- 0.323%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 63 min ago; tradeXYZ: live order book, 4 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, 63 min ago | 2.65 bp | 8.2 bp −$8 | 11.0 bp −$110 | 19.9 bp −$1,990 | doesn't fit |
| Sell tradeXYZ live order book, 4 min ago | 0.15 bp | 9.4 bp −$9 | 11.9 bp −$119 | 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 | −0.0045% | 4h | 338.96 | +0.026% | $81K | $327K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.99 | +0.035% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.05 | +0.053% | $6.0M | $39.2M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.01 | +0.041% | $6.5M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.84 | −0.009% | $3.0M | $4.2M | 100x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.04 | +0.050% | $614 | $4.8M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.10 | +0.068% | $53K | $224K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.07 | +0.059% | $2.1M | $7K | 10x | as long as short |
| GRVT AAPL_USDT_Perp | +0.0023% | 8h | 339.04 | +0.050% | $14K | $498K | 10x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 338.96 | +0.027% | $964K | $3.8M | 20x | as long as short |
edgeX AAPLUSDC
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
GRVT AAPL_USDT_Perp
Lighter RH AAPLShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.66 | −0.062% | — | $53K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.90 | +0.009% | $265K | $394K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.88 | +0.003% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.76 | −0.032% | $1.4M | $2.4M | 20x | as long as short |
| QFEX AAPL-USD | +0.0064% | 1h | 338.97 | +0.030% | $3.2M | $5.1M | 10x | as long as short |
| Lighter AAPL | +0.0072% | 1h | 338.91 | +0.012% | $772K | $2.4M | 20x | as long as short |
| Bitget AAPLUSDT | +0.0076% | 8h | 339.02 | +0.044% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | +0.0093% | 8h | 339.04 | +0.049% | $2.4M | $1.4M | — | as long as short |
| Hotstuff AAPL-PERP | +0.0096% | 1h | 338.93 | +0.018% | $36K | — | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.79 | −0.024% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.65 | −0.065% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.93 | +0.018% | $4K | — | 10x | as long as short |
| BloFin AAPL-USDT | +0.0100% | 8h | 339.02 | +0.044% | $348K | $170K | 20x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.98 | +0.033% | $11K | — | 10x | as long as short |
| Extended AAPL_24_5-USD | +0.0112% | 1h | 338.95 | +0.025% | $285K | $1.5M | 10x | as long as short |
| Binance AAPLUSDT | +0.0116% | 8h | 339.02 | +0.044% | $22.4M | $67.0M | 25x | as long as short |
| Nado AAPL-PERP | +0.0121% | 1h | 338.79 | −0.024% | $556K | $33K | 20x | as long as short |
| tradeXYZ xyz:AAPLshort | +0.0187% | 1h | 338.89 | +0.006% | $40.8M | $76.3M | 20x | |
| Coinbase International AAPL-PERP-INTX | +0.0192% | 1h | 339.03 | +0.047% | $660K | $676K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.50 | +0.186% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0330% | 1h | 339.02 | +0.044% | $5K | $8K | 20x | as long as short |
| Arcus AAPL-USDlong | +0.0397% | 1h | 338.87 | long leg | $269K | $70K | 20x | |
| Deribit AAPL_USDC-PERPETUAL | +0.0399% | 1h | 338.98 | +0.032% | $28K | $66K | 10x | as long as short |
Vest AAPL-USD-PERP
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
QFEX AAPL-USD
Lighter AAPL
Bitget AAPLUSDT
Variational Omni AAPL
Hotstuff AAPL-PERP
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
BloFin AAPL-USDT
Aevo AAPL-PERP
Extended AAPL_24_5-USD
Binance AAPLUSDT
Nado AAPL-PERP
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP
Phoenix AAPL
Deribit AAPL_USDC-PERPETUAL