Funding you earn now, next payment 22:00 UTC+0.0310%/8h= +33.9% APRpaid last 24h +0.015%
Price spread now: Arcus against Gate+0.035%7-day average +0.002% · 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−$34as in the Price arb table
costs, in and out, $10k−$370.372% of the position
Funding, last 3 days (all we have)+0.067%+$7 on $10k
+Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.035%, 7d avg +0.002%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Arcus is 0.034% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.002%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.067% 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 | Gate AAPL_USDT | 338.83 | 0 | get 0.0000% / 8h | 2h 32m | $3.0M | $4.1M | 100x |
| Short | Arcus AAPL-USD | 338.95 | 0.0310 | get 0.0039% / 1h | 32m 58s | $270K | $69K | 20x |
Gate AAPL_USDT
Arcus AAPL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Gate. 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
- $65.09
- Price spread: +0.035% → +0.002%
- $3.36
- Slippage, 4 orders
- −$17.74
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $31.22
- Costs to cover
- 0.372%
- Break-even
- 3.6 days
Slippage from Gate: live order book, 5 min ago; Arcus: live order book, 55 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 Gate live order book, 5 min ago | 1.48 bp | 11.0 bp −$11 | 28.3 bp −$283 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 55 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 | −0.0623% | 4h | 339.01 | +0.052% | $81K | $326K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.78 | −0.014% | $122K | $291K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 338.98 | +0.044% | $284K | $1.5M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.02 | +0.056% | $22.1M | $66.7M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.06 | +0.068% | $6.3M | $24.8M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 338.96 | +0.038% | $6.6M | $6.8M | 25x | as long as short |
| Gate AAPL_USDTlong | 0.0000% | 8h | 338.83 | long leg | $3.0M | $4.1M | 100x | |
| Bitget AAPLUSDT | 0.0000% | 8h | 338.99 | +0.047% | $6.2M | $3.3M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.02 | +0.058% | $2.2M | $1.1M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 338.99 | +0.048% | $14K | $522K | 10x | as long as short |
edgeX AAPLUSDC
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Bitget AAPLUSDT
Variational Omni AAPL
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 | 339.00 | +0.050% | $529 | $4.8M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.05 | +0.065% | $53K | $224K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.01 | +0.053% | $2.1M | $7K | 10x | as long as short |
| BloFin AAPL-USDT | +0.0007% | 8h | 339.03 | +0.059% | $354K | $165K | 20x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.95 | +0.034% | $756K | $2.5M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 338.98 | +0.044% | $978K | $3.8M | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.75 | −0.024% | — | $43K | 25x | as long as short |
| QFEX AAPL-USD | +0.0049% | 1h | 338.96 | +0.038% | $3.2M | $4.9M | 10x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.68 | −0.044% | $261K | $366K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.98 | +0.044% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.84 | +0.003% | $1.3M | $2.2M | 20x | as long as short |
| Nado AAPL-PERP | +0.0073% | 1h | 338.77 | −0.017% | $556K | $34K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | +0.0075% | 1h | 338.95 | +0.035% | $28K | $65K | 10x | as long as short |
| KuCoin AAPLUSDTM | +0.0090% | 8h | 338.81 | −0.006% | $1.4M | $28K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.70 | −0.038% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.93 | +0.030% | $4K | — | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0104% | 1h | 338.98 | +0.044% | $36K | — | 20x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.96 | +0.039% | $11K | — | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0144% | 1h | 338.94 | +0.032% | $660K | $665K | 10x | as long as short |
| tradeXYZ xyz:AAPL | +0.0202% | 1h | 338.98 | +0.044% | $40.7M | $76.7M | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.41 | +0.171% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0283% | 1h | 339.05 | +0.065% | $2K | $12K | 20x | as long as short |
| Arcus AAPL-USDshort | +0.0310% | 1h | 338.95 | +0.035% | $270K | $69K | 20x |
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
BloFin AAPL-USDT
Lighter AAPL
Lighter RH AAPL
Vest AAPL-USD-PERP
QFEX AAPL-USD
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
Nado AAPL-PERP
Deribit AAPL_USDC-PERPETUAL
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Hotstuff AAPL-PERP
Aevo AAPL-PERP
Coinbase International AAPL-PERP-INTX
tradeXYZ xyz:AAPL
Injective AAPL/USDC PERP
Phoenix AAPL