Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.031%

Price spread now: Arcus against SunX−0.059%7-day average −0.046% · 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−$118as in the Price arb table

costs, in and out, $10k−$1171.170% of the position

Long on SunX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.083%+$8 on $10k

Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.059%, 7d avg −0.046%

Together, before fees+0.152%+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.046%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAPL-USDT	339.27	0	get 0.0000% / 8h	2h 57m	$584	$4.6M	20x
Short	Arcus AAPL-USD	339.07	0.0040	get 0.0005% / 1h	57m 09s	$266K	$60K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against SunX. 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 SunXbpFee ArcusbpOrdersPrice spread, now −0.059%Rate

Funding earned: $8.46
Price spread: −0.059% → −0.046%: −$1.26
Slippage, 4 orders: −$104.47
Fee SunX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$109.77
Costs to cover: 1.170%
Break-even: 97.8 days

Slippage from SunX: live order book, 11 min ago; Arcus: live order book, 56 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 SunX live order book, 11 min ago	44.66 bp	49.2 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 56 min ago	3.10 bp	9.2 bp −$9	12.9 bp −$129	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	−0.0330%	4h	339.15	−0.036%	$81K	$329K	20x	as long as short
Nado AAPL-PERP	−0.0104%	1h	339.20	−0.020%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.20	−0.020%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.16	−0.031%	$278K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.26	−0.003%	$21.9M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.21	−0.018%	$5.8M	$78.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.25	−0.006%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.09	−0.053%	$3.0M	$4.5M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.36	+0.027%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.21	−0.016%	$2.4M	$1.4M	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	339.25	−0.007%	$16K	$411K	10x	as long as short
SunX AAPL-USDTlong	0.0000%	8h	339.27	long leg	$584	$4.6M	20x
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.14	−0.038%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.42	+0.044%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.27	0.000%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0003%	8h	339.32	+0.015%	$342K	$168K	20x	as long as short
QFEX AAPL-USD	+0.0020%	1h	339.19	−0.024%	$3.2M	$4.4M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.14	−0.038%	$826K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.16	−0.032%	$941K	$3.6M	20x	as long as short
Arcus AAPL-USDshort	+0.0040%	1h	339.07	−0.059%	$266K	$60K	20x
Vest AAPL-USD-PERP	+0.0046%	1h	339.10	−0.050%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	339.08	−0.056%	$662K	$657K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.14	−0.038%	$40.5M	$76.3M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.15	−0.035%	$278K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.14	−0.038%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.91	−0.106%	$1.3M	$2.5M	20x	as long as short
Hotstuff AAPL-PERP	+0.0056%	1h	339.14	−0.038%	$36K	—	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.23	−0.012%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.13	−0.041%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.16	−0.032%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.17	−0.029%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.96	−0.091%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.29	+0.006%	$5K	$11K	20x	as long as short