Funding you earn now, next payment 07:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.016%
Price spread now: Arcus against Polymarket Perps−0.012%7-day average +0.033% · 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−$34as in the Price arb table
costs, in and out, $10k−$290.291% of the position
Funding, last 4 days (all we have)+0.026%+$3 on $10k
+Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.012%, 7d avg +0.033%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Arcus is 0.044% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.033%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps AAPL-USD | 339.64 | 0.0050 | pay 0.0006% / 1h | 33m 56s | $279K | $417K | 10x |
| Short | Arcus AAPL-USD | 339.60 | 0.0040 | get 0.0005% / 1h | 33m 56s | $267K | $60K | 20x |
Polymarket Perps AAPL-USD
Arcus AAPL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Polymarket 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
- −$2.04
- Price spread: −0.012% → +0.033%
- −$4.44
- Slippage, 4 orders
- −$16.61
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$35.59
- Costs to cover
- 0.291%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 8 min ago; Arcus: live order book, 9 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 Polymarket Perps live order book, 8 min ago | 0.88 bp | 4.9 bp −$5 | 5.4 bp −$54 | 7.2 bp −$725 | doesn't fit |
| Sell Arcus live order book, 9 min ago | 2.65 bp | 9.8 bp −$10 | 12.7 bp −$127 | doesn't fit | 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 | −0.0257% | 4h | 339.61 | −0.008% | $81K | $327K | 20x | as long as short |
| Nado AAPL-PERP | −0.0056% | 1h | 339.61 | −0.009% | $556K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.66 | +0.006% | $121K | $292K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.63 | −0.002% | $285K | $1.8M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.72 | +0.024% | $22.1M | $67.7M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.76 | +0.035% | $7.0M | $111.1M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.70 | +0.018% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.50 | −0.041% | $3.0M | $5.0M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.76 | +0.035% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.77 | +0.040% | $2.4M | $1.4M | — | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
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 | 339.70 | +0.017% | $16K | $402K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.72 | +0.024% | $591 | $4.6M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.60 | −0.012% | $28K | $68K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.78 | +0.041% | $62K | $245K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.77 | +0.038% | $2.1M | $7K | 10x | as long as short |
| BloFin AAPL-USDT | +0.0008% | 8h | 339.73 | +0.026% | $341K | $168K | 20x | as long as short |
| QFEX AAPL-USD | +0.0023% | 1h | 339.67 | +0.009% | $3.3M | $4.3M | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0024% | 1h | 339.66 | +0.006% | $663K | $663K | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.66 | +0.005% | $907K | $2.6M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.66 | +0.006% | $950K | $3.6M | 20x | as long as short |
| Arcus AAPL-USDshort | +0.0040% | 1h | 339.60 | −0.012% | $267K | $60K | 20x | |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.57 | −0.021% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.65 | +0.003% | $40.6M | $76.5M | 20x | as long as short |
| Polymarket Perps AAPL-USDlong | +0.0050% | 1h | 339.64 | long leg | $279K | $417K | 10x | |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.64 | 0.000% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.50 | −0.041% | $1.3M | $2.4M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.53 | −0.032% | $1.4M | $39K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.58 | −0.018% | $949K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.57 | −0.021% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.62 | −0.006% | $11K | $102 | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0112% | 1h | 339.64 | 0.000% | $36K | — | 20x | as long as short |
| Phoenix AAPL | +0.0212% | 1h | 339.80 | +0.047% | $5K | $12K | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.58 | −0.018% | $191K | $44K | 30x | as long as short |
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
BloFin AAPL-USDT
QFEX AAPL-USD
Coinbase International AAPL-PERP-INTX
Lighter AAPL
Lighter RH AAPL
Vest AAPL-USD-PERP
tradeXYZ xyz:AAPL
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Hotstuff AAPL-PERP
Phoenix AAPL
Injective AAPL/USDC PERP