Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h −0.006%

Price spread now: BloFin against Arcus+0.050%7-day average +0.055% · 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−$32as in the Price arb table

costs, in and out, $10k−$310.315% of the position

Long on Arcus Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.028%+$3 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.050%, 7d avg +0.055%

Together, before fees+0.010%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.055%, 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	Arcus AAPL-USD	339.12	0.0040	pay 0.0005% / 1h	15m 20s	$266K	$61K	20x
Short	BloFin AAPL-USDT	339.29	−0.0002	pay 0.0002% / 8h	3h 15m	$341K	$168K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Arcus. 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 ArcusbpFee BloFinbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$8.97
Price spread: +0.050% → +0.055%: −$0.51
Slippage, 4 orders: −$14.95
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$40.93
Costs to cover: 0.315%
Break-even: never at this rate

Slippage from Arcus: live order book, 38 min ago; BloFin: live order book, 15 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 Arcus live order book, 38 min ago	3.10 bp	9.4 bp −$9	14.6 bp −$146	doesn't fit	doesn't fit
Sell BloFin live order book, 15 min ago	0.29 bp	6.4 bp −$6	8.1 bp −$81	15.7 bp −$1,567	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	−0.0515%	4h	339.26	+0.043%	$81K	$328K	20x	as long as short
Nado AAPL-PERP	−0.0084%	1h	339.31	+0.057%	$555K	$38K	20x	as long as short
BloFin AAPL-USDTshort	−0.0002%	8h	339.29	+0.050%	$341K	$168K	20x
Aster AAPLUSDT	0.0000%	8h	339.29	+0.049%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.21	+0.025%	$287K	$1.4M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.30	+0.053%	$21.9M	$67.0M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.28	+0.047%	$5.8M	$70.6M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.32	+0.059%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.03	−0.027%	$3.0M	$4.5M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.36	+0.071%	$6.2M	$3.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.31	+0.058%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.29	+0.050%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.28	+0.047%	$757	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.24	+0.035%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.38	+0.077%	$52K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.35	+0.068%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0030%	1h	339.23	+0.032%	$3.2M	$4.5M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.22	+0.029%	$781K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.22	+0.029%	$939K	$3.6M	20x	as long as short
Arcus AAPL-USDlong	+0.0040%	1h	339.12	long leg	$266K	$61K	20x
Vest AAPL-USD-PERP	+0.0046%	1h	339.13	+0.003%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.19	+0.021%	$40.5M	$76.1M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.19	+0.021%	$278K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.21	+0.027%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.08	−0.012%	$1.3M	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	338.78	−0.100%	$661K	$655K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.28	+0.047%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.20	+0.024%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.20	+0.024%	$4K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0104%	1h	339.16	+0.012%	$36K	—	20x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.21	+0.025%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.09	−0.009%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.31	+0.056%	$5K	$11K	20x	as long as short