Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h +0.018%

Price spread now: Arcus against KuCoin−0.012%7-day average +0.013% · 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−$170as in the Price arb table

costs, in and out, $10k−$1681.675% of the position

Long on KuCoin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.116%+$12 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.012%, 7d avg +0.013%

Together, before fees+0.084%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Arcus is 0.024% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.013%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.116%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAPLUSDTM	339.61	0.0100	pay 0.0100% / 8h	5h 51m	$1.4M	$157K	20x
Short	Arcus AAPL-USD	339.57	0.0040	get 0.0005% / 1h	51m 44s	$267K	$52K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against KuCoin. 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 KuCoinbpFee ArcusbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$12.54
Price spread: −0.012% → +0.013%: −$2.43
Slippage, 4 orders: −$151.01
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$182.48
Costs to cover: 1.675%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Arcus: live order book, 59 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 KuCoin live order book, 2 min ago	6.62 bp	95.8 bp −$96	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 59 min ago	2.06 bp	6.5 bp −$6	8.3 bp −$83	19.0 bp −$1,897	doesn't fit

AAPL on 33 exchanges

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
Hotstuff AAPL-PERP	−0.1600%	1h	338.08	−0.451%	$36K	—	20x	as long as short
edgeX AAPLUSDC	−0.0029%	4h	339.75	+0.042%	$81K	$326K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.77	+0.047%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.68	+0.021%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.80	+0.055%	$22.1M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.69	+0.024%	$6.6M	$281.4M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.71	+0.029%	$6.3M	$6.7M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.63	+0.006%	$3.0M	$7.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.81	+0.059%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.81	+0.060%	$2.5M	$1.3M	—	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	339.85	+0.071%	$13K	$336K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.81	+0.059%	$652	$4.2M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.86	+0.074%	$62K	$242K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.76	+0.044%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0009%	8h	339.80	+0.056%	$348K	$165K	20x	as long as short
QFEX AAPL-USD	+0.0026%	1h	339.73	+0.035%	$3.2M	$4.2M	10x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.65	+0.012%	$1.0M	$3.1M	20x	as long as short
Arcus AAPL-USDshort	+0.0040%	1h	339.57	−0.012%	$267K	$52K	20x
Vest AAPL-USD-PERP	+0.0046%	1h	339.54	−0.021%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.69	+0.024%	$279K	$347K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.65	+0.012%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.52	−0.027%	$1.3M	$2.1M	20x	as long as short
Nado AAPL-PERP	+0.0070%	1h	339.56	−0.014%	$556K	$29K	20x	as long as short
Lighter AAPL	+0.0080%	1h	339.66	+0.016%	$931K	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0080%	1h	339.77	+0.047%	$660K	$655K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0086%	1h	339.61	0.000%	$40.5M	$76.5M	20x	as long as short
KuCoin AAPLUSDTMlong	+0.0100%	8h	339.61	long leg	$1.4M	$157K	20x
ApeX Omni AAPLUSDT	+0.0100%	1h	339.64	+0.009%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.65	+0.012%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.64	+0.008%	$11K	$102	10x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0133%	1h	339.65	+0.012%	$28K	$70K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.16	+0.162%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0235%	1h	339.84	+0.068%	$5K	$12K	20x	as long as short