Funding you earn now, next payment 23:00 UTC−0.0364%/8h= −39.9% APRpaid last 24h −0.018%
Price spread now: Variational Omni against Arcus+0.040%7-day average +0.071% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.066%−$7 on $10k
+Price spread, last 4 days (all we have)+0.228%+$23 · spread now +0.040%, 7d avg +0.071%
=Together, before fees+0.162%+ Points / potential airdropVariational Omni: Active · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Variational Omni is 0.031% cheaper against Arcus than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.071%). Swap the legs.
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 -7.4% a year). A funding rate is set anew for every payment. 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 | 339.02 | 0.0364 | pay 0.0046% / 1h | 36m 17s | $270K | $70K | 20x |
| Short | Variational Omni AAPL | 339.15 | 0 | get 0.0000% / 8h | 1h 36m | $2.4M | $1.4M | — |
Arcus AAPL-USD
Variational Omni AAPLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$76.46
- Price spread: +0.040% → +0.071%
- −$3.13
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$84.09
- Costs to cover
- 0.045%
- Break-even
- never at this rate
Slippage unknown: Arcus: live order book, 47 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.
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, 47 min ago | 2.66 bp | 7.9 bp −$8 | 9.4 bp −$94 | 19.5 bp −$1,945 | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 2.04 bp | doesn't fit | 5.3 bp −$53 | 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 | −0.0004% | 4h | 339.11 | +0.026% | $81K | $325K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.11 | +0.027% | $122K | $291K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.06 | +0.013% | $284K | $1.5M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.12 | +0.029% | $22.4M | $67.4M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.17 | +0.044% | $6.1M | $39.6M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.05 | +0.009% | $6.6M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.90 | −0.035% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.13 | +0.032% | $6.2M | $3.4M | 100x | as long as short |
| Variational Omni AAPLshort | 0.0000% | 8h | 339.15 | +0.040% | $2.4M | $1.4M | — | |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.12 | +0.030% | $14K | $498K | 10x | as long as short |
edgeX AAPLUSDC
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
GRVT AAPL_USDT_PerpShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX AAPL-USDT | 0.0000% | 8h | 339.10 | +0.024% | $726 | $4.8M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.85 | −0.050% | $28K | $65K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.22 | +0.059% | $53K | $222K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.15 | +0.038% | $2.1M | $7K | 10x | as long as short |
| BloFin AAPL-USDT | 0.0000% | 8h | 339.15 | +0.038% | $351K | $168K | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.04 | +0.006% | $968K | $3.8M | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.79 | −0.068% | — | $53K | 25x | as long as short |
| Lighter AAPL | +0.0048% | 1h | 339.02 | +0.001% | $769K | $2.5M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.90 | −0.035% | $265K | $395K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.02 | 0.000% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.67 | −0.103% | $1.5M | $2.4M | 20x | as long as short |
| QFEX AAPL-USD | +0.0059% | 1h | 339.05 | +0.009% | $3.2M | $5.1M | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0064% | 1h | 339.03 | +0.003% | $36K | — | 20x | as long as short |
| Nado AAPL-PERP | +0.0083% | 1h | 338.86 | −0.048% | $556K | $34K | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.84 | −0.053% | $1.4M | $28K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.79 | −0.068% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.99 | −0.009% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.04 | +0.007% | $11K | — | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0184% | 1h | 338.93 | −0.027% | $659K | $675K | 10x | as long as short |
| tradeXYZ xyz:AAPL | +0.0184% | 1h | 338.99 | −0.009% | $40.9M | $76.8M | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.55 | +0.156% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0354% | 1h | 339.15 | +0.038% | $2K | $11K | 20x | as long as short |
| Arcus AAPL-USDlong | +0.0364% | 1h | 339.02 | long leg | $270K | $70K | 20x |
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
BloFin AAPL-USDT
Lighter RH AAPL
Vest AAPL-USD-PERP
Lighter AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
QFEX AAPL-USD
Hotstuff AAPL-PERP
Nado AAPL-PERP
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Coinbase International AAPL-PERP-INTX
tradeXYZ xyz:AAPL
Injective AAPL/USDC PERP
Phoenix AAPL