Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0310%/8h= +33.9% APRpaid last 24h +0.015%

Price spread now: Arcus against Binance−0.017%7-day average −0.047% · 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−$20as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on Binance Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.063%+$6 on $10k

Price spread, last 2 days (all we have)−0.046%−$5 · spread now −0.017%, 7d avg −0.047%

Together, before fees+0.017%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Arcus is 0.030% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.047%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.063% in total (about 7.0% 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	Binance AAPLUSDT	339.01	0	get 0.0000% / 8h	2h 26m	$22.1M	$66.7M	25x
Short	Arcus AAPL-USD	338.95	0.0310	get 0.0039% / 1h	26m 17s	$270K	$69K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Binance. 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 BinancebpFee ArcusbpOrdersPrice spread, now −0.017%Rate

Funding earned: $65.09
Price spread: −0.017% → −0.047%: $3
Slippage, 4 orders: −$8.42
Fee Binance: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $45.17
Costs to cover: 0.229%
Break-even: 2.1 days

Slippage from Binance: live order book, 16 min ago; Arcus: live order book, 62 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 Binance live order book, 16 min ago	0.15 bp	5.2 bp −$5	9.1 bp −$91	34.9 bp −$3,494	doesn't fit
Sell Arcus live order book, 62 min ago	0.74 bp	3.0 bp −$3	5.6 bp −$56	16.5 bp −$1,654	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	−0.0202%	4h	338.98	−0.009%	$81K	$327K	20x	as long as short
BloFin AAPL-USDT	−0.0017%	8h	339.10	+0.027%	$354K	$165K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.78	−0.066%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.97	−0.012%	$284K	$1.5M	10x	as long as short
Binance AAPLUSDTlong	0.0000%	8h	339.01	long leg	$22.1M	$66.7M	25x
Bybit AAPLUSDT	0.0000%	8h	339.05	+0.012%	$6.3M	$24.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.01	+0.001%	$6.6M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.80	−0.061%	$3.0M	$4.1M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.07	+0.018%	$6.2M	$3.3M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	338.99	−0.007%	$2.2M	$1.1M	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	339.00	−0.002%	$14K	$522K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.00	−0.002%	$844	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.06	+0.015%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.06	+0.015%	$2.1M	$7K	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.94	−0.020%	$755K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.98	−0.008%	$975K	$3.8M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.72	−0.085%	—	$43K	25x	as long as short
QFEX AAPL-USD	+0.0049%	1h	338.92	−0.026%	$3.2M	$4.9M	10x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.69	−0.094%	$271K	$384K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.99	−0.005%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.78	−0.067%	$1.3M	$2.2M	20x	as long as short
Nado AAPL-PERP	+0.0075%	1h	338.78	−0.067%	$556K	$34K	20x	as long as short
KuCoin AAPLUSDTM	+0.0099%	8h	338.80	−0.061%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.77	−0.070%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.91	−0.029%	$4K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0104%	1h	338.98	−0.008%	$36K	—	20x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.95	−0.018%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0144%	1h	338.96	−0.014%	$658K	$671K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0204%	1h	338.99	−0.005%	$40.7M	$76.7M	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.41	+0.119%	$191K	$44K	30x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0252%	1h	339.01	+0.001%	$28K	$65K	10x	as long as short
Phoenix AAPL	+0.0283%	1h	339.06	+0.015%	$2K	$12K	20x	as long as short
Arcus AAPL-USDshort	+0.0310%	1h	338.95	−0.017%	$270K	$69K	20x