Funding you earn now, next payment 03:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.03 per $10,000 · paid last 24h +0.026%
Price spread now: Arcus against tradeXYZ+0.030%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$390.390% of the position
Funding, last 4 days (all we have)+0.049%+$5 on $10k
+Price spread, last 4 days (all we have)−0.204%−$20 · spread now +0.030%, 7d avg +0.035%
=Together, before fees−0.154%+ Points / potential airdroptradeXYZ: Active · farm board−$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.035%, 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 | tradeXYZ xyz:AAPL | 338.68 | 0.0066 | pay 0.0008% / 1h | 28m 01s | $40.7M | $75.8M | 20x |
| Short | Arcus AAPL-USD | 338.78 | 0.0040 | get 0.0005% / 1h | 28m 01s | $269K | $69K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against tradeXYZ. 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
- −$5.46
- Price spread: +0.030% → +0.035%
- −$0.58
- Slippage, 4 orders
- −$16.52
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$45.05
- Costs to cover
- 0.390%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 11 min ago; Arcus: live order book, 35 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 tradeXYZ live order book, 11 min ago | 0.15 bp | 10.1 bp −$10 | 12.8 bp −$128 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 35 min ago | 2.95 bp | 9.7 bp −$10 | 12.5 bp −$125 | 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 | −0.0112% | 4h | 338.86 | +0.052% | $81K | $327K | 20x | as long as short |
| Nado AAPL-PERP | −0.0054% | 1h | 338.66 | −0.005% | $554K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.83 | +0.043% | $122K | $291K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 338.69 | +0.003% | $285K | $2.0M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 338.78 | +0.030% | $22.2M | $67.0M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 338.83 | +0.044% | $6.0M | $39.2M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 338.88 | +0.059% | $6.3M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.58 | −0.030% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 338.93 | +0.074% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 338.99 | +0.090% | $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 | 338.90 | +0.064% | $17K | $424K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 338.79 | +0.032% | $711 | $4.6M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.61 | −0.021% | $28K | $67K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 338.90 | +0.065% | $53K | $224K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 338.99 | +0.092% | $2.1M | $6K | 10x | as long as short |
| BloFin AAPL-USDT | +0.0004% | 8h | 338.85 | +0.050% | $343K | $169K | 20x | as long as short |
| QFEX AAPL-USD | +0.0013% | 1h | 338.79 | +0.032% | $3.2M | $4.8M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.61 | −0.020% | $771K | $2.4M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 338.66 | −0.006% | $950K | $3.6M | 20x | as long as short |
| Arcus AAPL-USDshort | +0.0040% | 1h | 338.78 | +0.030% | $269K | $69K | 20x | |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.60 | −0.024% | — | $45K | 25x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0048% | 1h | 338.78 | +0.030% | $659K | $673K | 10x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.55 | −0.038% | $261K | $370K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.69 | +0.003% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.65 | −0.009% | $1.3M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:AAPLlong | +0.0066% | 1h | 338.68 | long leg | $40.7M | $75.8M | 20x | |
| Hotstuff AAPL-PERP | +0.0088% | 1h | 338.68 | 0.000% | $36K | — | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.70 | +0.006% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.72 | +0.012% | $946K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.69 | +0.003% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.67 | −0.002% | $10K | — | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.72 | +0.012% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0259% | 1h | 338.96 | +0.083% | $5K | $11K | 20x | as long as short |
tradeXYZ xyz:AAPL
edgeX AAPLUSDC
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
BloFin AAPL-USDT
Lighter AAPL
Lighter RH AAPL
Coinbase International AAPL-PERP-INTX
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Injective AAPL/USDC PERP
Phoenix AAPL