Funding you earn now, next payment 09:00 UTC−0.0061%/8h= −6.7% APRpaid last 24h −0.014%
Price spread now: SunX against tradeXYZ+0.059%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1181.183% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.059%, 7d avg +0.082%
=Together, before fees−0.018%+ Points / potential airdroptradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SunX is 0.023% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.082%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:AAPL | 339.99 | 0.0061 | pay 0.0008% / 1h | 36m 32s | $40.4M | $76.6M | 20x |
| Short | SunX AAPL-USDT | 340.19 | 0 | get 0.0000% / 8h | 7h 36m | $541 | $4.3M | 20x |
tradeXYZ xyz:AAPL
SunX AAPL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$12.87
- Price spread: +0.059% → +0.082%
- −$2.34
- Slippage, 4 orders
- −$92.27
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$133.48
- Costs to cover
- 1.183%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 12 min ago; SunX: live order book, 12 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, 12 min ago | 0.29 bp | 9.5 bp −$10 | 11.5 bp −$115 | doesn't fit | doesn't fit |
| Sell SunX live order book, 12 min ago | 44.84 bp | 49.3 bp −$49 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado AAPL-PERP | −0.0017% | 1h | 339.96 | −0.008% | $556K | $36K | 20x | as long as short |
| BloFin AAPL-USDT | −0.0013% | 8h | 340.20 | +0.062% | $345K | $166K | 20x | as long as short |
| edgeX AAPLUSDC | −0.0011% | 4h | 340.24 | +0.072% | $81K | $326K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 340.04 | +0.015% | $121K | $294K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 340.06 | +0.021% | $285K | $2.1M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 340.14 | +0.044% | $22.2M | $67.3M | 25x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 340.07 | +0.024% | $6.3M | $7.0M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.99 | 0.000% | $3.0M | $5.7M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 340.15 | +0.047% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 340.07 | +0.025% | $2.5M | $1.2M | — | as long as short |
Nado AAPL-PERP
BloFin AAPL-USDT
edgeX AAPLUSDC
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance 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 | 340.34 | +0.103% | $13K | $350K | 10x | as long as short |
| SunX AAPL-USDTshort | 0.0000% | 8h | 340.19 | +0.059% | $541 | $4.3M | 20x | |
| HTX AAPL-USDT | 0.0000% | 8h | 340.26 | +0.079% | $62K | $245K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 340.20 | +0.062% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USD | +0.0010% | 1h | 340.05 | +0.018% | $3.2M | $4.2M | 10x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | +0.0015% | 1h | 340.04 | +0.015% | $28K | $69K | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0024% | 1h | 340.01 | +0.006% | $36K | — | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0024% | 1h | 340.14 | +0.044% | $662K | $660K | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 340.10 | +0.032% | $932K | $2.6M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 340.08 | +0.026% | $968K | $3.2M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 340.05 | +0.018% | $267K | $60K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.90 | −0.026% | — | $45K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.88 | −0.032% | $279K | $350K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 340.00 | +0.003% | $76K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.89 | −0.029% | $1.3M | $2.3M | 20x | as long as short |
| tradeXYZ xyz:AAPLlong | +0.0061% | 1h | 339.99 | long leg | $40.4M | $76.6M | 20x | |
| Bybit AAPLUSDT | +0.0072% | 8h | 340.19 | +0.059% | $7.7M | $190.0M | 100x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 340.04 | +0.015% | $1.4M | $76K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.97 | −0.006% | $950K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 340.07 | +0.024% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 340.08 | +0.025% | $11K | $102 | 10x | as long as short |
| Phoenix AAPL | +0.0212% | 1h | 340.16 | +0.050% | $5K | $12K | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 340.80 | +0.238% | $192K | $44K | 30x | as long as short |
GRVT AAPL_USDT_Perp
HTX AAPL-USDT
Phemex AAPLUSDT
QFEX AAPL-USD
Deribit AAPL_USDC-PERPETUAL
Hotstuff AAPL-PERP
Coinbase International AAPL-PERP-INTX
Lighter AAPL
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
Bybit AAPLUSDT
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Phoenix AAPL
Injective AAPL/USDC PERP