Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0397%/8h= +43.4% APRpaid last 24h +0.022%

Price spread now: Arcus against OKX−0.027%7-day average −0.020% · 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−$26as in the Price arb table

costs, in and out, $10k−$260.255% of the position

Long on OKX 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)−0.097%−$10 · spread now −0.027%, 7d avg −0.020%

Together, before fees−0.025%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.

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	OKX AAPL-USDT-SWAP	339.11	0	get 0.0000% / 8h	47m 34s	$6.5M	$7.0M	25x
Short	Arcus AAPL-USD	339.02	0.0397	get 0.0050% / 1h	47m 34s	$270K	$71K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against OKX. 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 OKXbpFee ArcusbpOrdersPrice spread, now −0.027%Rate

Funding earned: $83.29
Price spread: −0.027% → −0.020%: −$0.66
Slippage, 4 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $57.12
Costs to cover: 0.255%
Break-even: 2.2 days

Slippage from OKX: live order book, 5 min ago; Arcus: live order book, 31 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 OKX live order book, 5 min ago	0.15 bp	5.9 bp −$6	11.3 bp −$113	doesn't fit	doesn't fit
Sell Arcus live order book, 31 min ago	2.65 bp	5.5 bp −$5	6.8 bp −$68	17.0 bp −$1,700	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	−0.0600%	4h	339.13	+0.006%	$81K	$326K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.00	−0.034%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.19	+0.024%	$6.0M	$39.8M	100x	as long as short
OKX AAPL-USDT-SWAPlong	0.0000%	8h	339.11	long leg	$6.5M	$7.0M	25x
Gate AAPL_USDT	0.0000%	8h	338.93	−0.053%	$3.0M	$4.2M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.12	+0.004%	$14K	$498K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.13	+0.006%	$811	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.27	+0.047%	$52K	$222K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.17	+0.018%	$2.1M	$7K	10x	as long as short
Bitget AAPLUSDT	+0.0027%	8h	339.14	+0.009%	$6.2M	$3.4M	100x	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	339.05	−0.018%	$964K	$3.7M	20x	as long as short
Variational Omni AAPL	+0.0034%	8h	339.17	+0.016%	$2.4M	$1.4M	—	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.77	−0.100%	—	$53K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.95	−0.047%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.02	−0.027%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.82	−0.086%	$1.4M	$2.4M	20x	as long as short
Extended AAPL_24_5-USD	+0.0064%	1h	339.05	−0.019%	$285K	$1.5M	10x	as long as short
QFEX AAPL-USD	+0.0064%	1h	339.07	−0.012%	$3.2M	$5.1M	10x	as long as short
Binance AAPLUSDT	+0.0069%	8h	339.12	+0.004%	$22.4M	$67.2M	25x	as long as short
BloFin AAPL-USDT	+0.0071%	8h	339.18	+0.021%	$306K	$167K	20x	as long as short
Lighter AAPL	+0.0096%	1h	339.00	−0.032%	$773K	$2.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.85	−0.077%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.78	−0.097%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.01	−0.029%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.09	−0.005%	$11K	—	10x	as long as short
Nado AAPL-PERP	+0.0123%	1h	338.84	−0.080%	$556K	$35K	20x	as long as short
Hotstuff AAPL-PERP	+0.0136%	1h	339.03	−0.024%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0192%	1h	339.03	−0.024%	$660K	$677K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.57	+0.136%	$191K	$44K	30x	as long as short
tradeXYZ xyz:AAPL	+0.0221%	1h	338.98	−0.038%	$40.9M	$76.4M	20x	as long as short
Phoenix AAPL	+0.0330%	1h	339.19	+0.024%	$2K	$8K	20x	as long as short
Arcus AAPL-USDshort	+0.0397%	1h	339.02	−0.027%	$270K	$71K	20x
Deribit AAPL_USDC-PERPETUAL	+0.0488%	1h	339.06	−0.015%	$28K	$65K	10x	as long as short