Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0308%/8h= +33.7% APRpaid last 24h +0.022%

Price spread now: Arcus against Bitget−0.056%50s7-day average −0.048% · 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—prices read too far apart to compare

costs, in and out, $10k−$300.305% of the position

Long on Bitget Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.072%+$7 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.056%, 7d avg −0.048%

Together, before fees+0.054%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.048%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.072% in total (about 7.7% 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	Bitget AAPLUSDT	339.06	0.0089	pay 0.0089% / 8h	3m 48s	$6.2M	$3.5M	100x
Short	Arcus AAPL-USD	338.87	0.0397	get 0.0050% / 1h	3m 48s	$269K	$70K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Bitget. 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 BitgetbpFee ArcusbpOrdersPrice spread, now −0.056%Rate

Funding earned: $64.6
Price spread: −0.056% → −0.048%: −$0.84
Slippage, 4 orders: −$13.99
Fee Bitget: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $33.28
Costs to cover: 0.305%
Break-even: 3.4 days

Slippage from Bitget: live order book, 4 min ago; Arcus: live order book, 10 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 Bitget live order book, 4 min ago	0.15 bp	7.7 bp −$8	12.3 bp −$123	46.5 bp −$4,647	doesn't fit
Sell Arcus live order book, 10 min ago	2.80 bp	6.0 bp −$6	6.4 bp −$64	16.1 bp −$1,608	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	−0.0925%	4h	339.03	−0.010%	$81K	$326K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.99	−0.021%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.06	0.000%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.03	−0.009%	$6.5M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.84	−0.065%	$3.0M	$4.2M	100x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.02	−0.012%	$441	$4.8M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.77	−0.086%	$28K	$66K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.15	+0.027%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.06	0.000%	$2.1M	$6K	10x	as long as short
GRVT AAPL_USDT_Perp	+0.0025%	8h	339.05	−0.004%	$13K	$490K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH AAPL	+0.0032%	1h	338.93	−0.038%	$965K	$3.8M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.75	−0.091%	—	$53K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.90	−0.047%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.94	−0.035%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.66	−0.118%	$1.4M	$2.4M	20x	as long as short
Lighter AAPL	+0.0056%	1h	338.91	−0.043%	$772K	$2.5M	20x	as long as short
QFEX AAPL-USD	+0.0064%	1h	339.02	−0.012%	$3.2M	$5.1M	10x	as long as short
Bitget AAPLUSDTlong	+0.0089%	8h	339.06	long leg	$6.2M	$3.5M	100x
KuCoin AAPLUSDTM	+0.0100%	8h	338.82	−0.071%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.75	−0.091%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.87	−0.056%	$4K	—	10x	as long as short
Nado AAPL-PERP	+0.0103%	1h	338.82	−0.072%	$556K	$34K	20x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.99	−0.022%	$11K	—	10x	as long as short
Variational Omni AAPL	+0.0105%	8h	339.04	−0.007%	$2.4M	$1.4M	—	as long as short
Binance AAPLUSDT	+0.0127%	8h	339.02	−0.012%	$22.4M	$67.0M	25x	as long as short
Extended AAPL_24_5-USD	+0.0128%	1h	338.94	−0.035%	$285K	$1.5M	10x	as long as short
BloFin AAPL-USDT	+0.0134%	8h	339.02	−0.012%	$347K	$170K	20x	as long as short
Hotstuff AAPL-PERP	+0.0168%	1h	338.95	−0.032%	$36K	—	20x	as long as short
tradeXYZ xyz:AAPL	+0.0176%	1h	338.89	−0.050%	$40.8M	$76.1M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0192%	1h	339.03	−0.009%	$660K	$676K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.41	+0.103%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	339.00	−0.018%	$5K	$8K	20x	as long as short
Arcus AAPL-USDshort	+0.0397%	1h	338.87	−0.056%	$269K	$70K	20x