Settings8H · net · $10k
Funding arb · Price arb /

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0310%/8h= +33.9% APRnext payment +$0.39 per $10,000 · paid last 24h +0.015%
Price spread now: Arcus against Extended+0.003%7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$200.201% of the position
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 4 days (all we have)−0.138%−$14 · spread now +0.003%, 7d avg −0.027%
Together, before fees−0.075%+ Points / potential airdropExtended: Active · farm board−$8 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 Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.027%.
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 6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.39 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended AAPL_24_5-USD338.850get 0.0000% / 1h24m 01s$284K$1.5M10x
ShortArcus AAPL-USD338.860.0310get 0.0039% / 1h24m 01s$269K$69K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Extended. 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

Funding earned
$65.09
Price spread: +0.003% → −0.027%
$3
Slippage, 4 orders
−$10.59
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
$48
Costs to cover
0.201%
Break-even
1.8 days
Slippage from Extended: live order book, 4 min ago; Arcus: live order book, 64 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 4 min ago0.15 bp3.8 bp −$414.3 bp −$143doesn't fitdoesn't fit
Sell Arcus live order book, 64 min ago0.74 bp3.0 bp −$35.6 bp −$5616.5 bp −$1,654doesn't fit

AAPL on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX AAPLUSDC−0.0552%4h339.00+0.045%$81K$325K20xas long as short
Aster AAPLUSDT0.0000%8h338.75−0.030%$122K$291K20xas long as short
Extended AAPL_24_5-USDlong0.0000%1h338.85long leg$284K$1.5M10x
Binance AAPLUSDT0.0000%8h338.89+0.012%$22.1M$66.8M25xas long as short
Bybit AAPLUSDT0.0000%8h338.94+0.027%$6.3M$24.9M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h338.86+0.003%$6.6M$6.8M25xas long as short
Gate AAPL_USDT0.0000%8h338.73−0.035%$3.0M$4.1M100xas long as short
Bitget AAPLUSDT0.0000%8h338.92+0.021%$6.2M$3.3M100xas long as short
Variational Omni AAPL0.0000%8h339.01+0.049%$2.2M$1.1Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h338.99+0.041%$14K$522K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX AAPL-USDT0.0000%8h338.89+0.012%$752$4.8M20xas long as short
Deribit AAPL_USDC-PERPETUAL0.0000%1h338.850.000%$28K$65K10xas long as short
HTX AAPL-USDT0.0000%8h338.98+0.039%$53K$224K30xas long as short
Phemex AAPLUSDT0.0000%4h339.01+0.048%$2.1M$7K10xas long as short
BloFin AAPL-USDT+0.0022%8h339.00+0.045%$354K$165K20xas long as short
Lighter AAPL+0.0032%1h338.84−0.003%$761K$2.5M20xas long as short
Lighter RH AAPL+0.0032%1h338.87+0.006%$980K$3.8M20xas long as short
Vest AAPL-USD-PERP+0.0046%1h338.68−0.050%$43K25xas long as short
QFEX AAPL-USD+0.0049%1h338.90+0.015%$3.2M$4.9M10xas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.62−0.067%$271K$384K10xas long as short
SoDEX AAPL-USD+0.0050%1h338.86+0.003%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.68−0.050%$1.3M$2.2M20xas long as short
Nado AAPL-PERP+0.0076%1h338.72−0.038%$556K$34K20xas long as short
KuCoin AAPLUSDTM+0.0100%8h338.72−0.038%$1.4M$28K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h338.72−0.038%$946K$10.9M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h338.84−0.003%$4K10xas long as short
Hotstuff AAPL-PERP+0.0104%1h338.850.000%$36K20xas long as short
Aevo AAPL-PERP+0.0104%1h338.84−0.003%$11K10xas long as short
Coinbase International AAPL-PERP-INTX+0.0144%1h338.96+0.033%$658K$671K10xas long as short
tradeXYZ xyz:AAPL+0.0204%1h338.850.000%$40.7M$76.7M20xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.41+0.166%$191K$44K30xas long as short
Phoenix AAPL+0.0283%1h339.10+0.074%$2K$12K20xas long as short
Arcus AAPL-USDshort+0.0310%1h338.86+0.003%$269K$69K20x