Funding you earn now, next payment 23:00 UTC+0.0314%/8h= +34.4% APRnext payment +$0.39 per $10,000 · paid last 24h −0.008%
Price spread now: Arcus against Ondo Perps+0.080%7-day average +0.034% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.010%+$1 on $10k
+Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.080%, 7d avg +0.034%
=Together, before fees−0.068%+ Points / potential airdropOndo Perps: Active · farm board−$7 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 0.046% dearer against Ondo Perps than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.034%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.010% in total (about 1.1% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps AAPL-USD.P | 338.75 | 0.0050 | pay 0.0006% / 1h | 27m 25s | $1.5M | $2.4M | 20x |
| Short | Arcus AAPL-USD | 339.02 | 0.0364 | get 0.0046% / 1h | 27m 25s | $270K | $70K | 20x |
Ondo Perps AAPL-USD.P
Arcus AAPL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Ondo Perps. 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
- $65.88
- Price spread: +0.080% → +0.034%
- $4.57
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $60.95
- Costs to cover
- 0.095%
- Break-even
- 0.5 days
Slippage unknown: Ondo Perps: no order-book sample; Arcus: live order book, 56 min ago. Net counts fees only.
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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Arcus live order book, 56 min ago | 2.66 bp | 6.3 bp −$6 | 7.9 bp −$79 | 17.1 bp −$1,707 | doesn't fit |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0400% | 4h | 339.11 | +0.105% | $81K | $325K | 20x | as long as short |
| BloFin AAPL-USDT | −0.0005% | 8h | 339.14 | +0.115% | $351K | $168K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.11 | +0.107% | $122K | $291K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.07 | +0.094% | $285K | $1.5M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.13 | +0.112% | $22.4M | $67.4M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.17 | +0.124% | $6.1M | $39.9M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.04 | +0.086% | $6.6M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.90 | +0.044% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.14 | +0.115% | $6.2M | $3.4M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.13 | +0.114% | $2.4M | $1.4M | — | as long as short |
edgeX AAPLUSDC
BloFin AAPL-USDT
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPLShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.12 | +0.108% | $14K | $498K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.12 | +0.109% | $587 | $4.8M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.23 | +0.142% | $53K | $222K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.15 | +0.118% | $2.1M | $7K | 10x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.05 | +0.089% | $968K | $3.8M | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.76 | +0.003% | — | $53K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.89 | +0.041% | $265K | $395K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.03 | +0.083% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.Plong | +0.0050% | 1h | 338.75 | long leg | $1.5M | $2.4M | 20x | |
| Lighter AAPL | +0.0056% | 1h | 339.04 | +0.084% | $769K | $2.5M | 20x | as long as short |
| QFEX AAPL-USD | +0.0059% | 1h | 339.05 | +0.089% | $3.2M | $5.1M | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0072% | 1h | 339.03 | +0.083% | $36K | — | 20x | as long as short |
| Nado AAPL-PERP | +0.0087% | 1h | 338.86 | +0.033% | $556K | $34K | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.84 | +0.027% | $1.4M | $28K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.77 | +0.006% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.00 | +0.074% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.05 | +0.089% | $11K | — | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0184% | 1h | 339.03 | +0.083% | $660K | $677K | 10x | as long as short |
| tradeXYZ xyz:AAPL | +0.0185% | 1h | 339.03 | +0.083% | $40.9M | $76.8M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | +0.0193% | 1h | 338.98 | +0.068% | $28K | $65K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.55 | +0.236% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0354% | 1h | 339.16 | +0.121% | $2K | $11K | 20x | as long as short |
| Arcus AAPL-USDshort | +0.0364% | 1h | 339.02 | +0.080% | $270K | $70K | 20x |
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
Lighter RH AAPL
Vest AAPL-USD-PERP
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Lighter AAPL
QFEX AAPL-USD
Hotstuff AAPL-PERP
Nado AAPL-PERP
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Coinbase International AAPL-PERP-INTX
tradeXYZ xyz:AAPL
Deribit AAPL_USDC-PERPETUAL
Injective AAPL/USDC PERP
Phoenix AAPL