Funding you earn now, next payment 03:00 UTC+0.0040%/8h= +4.3% APRnext payment +$0.05 per $10,000 · paid last 24h −0.016%
Price spread now: Coinbase International against Arcus−0.012%7-day average −0.014% · 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−$35as in the Price arb table
costs, in and out, $10k−$350.349% of the position
Funding, last 4 days (all we have)−0.040%−$4 on $10k
+Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.012%, 7d avg −0.014%
=The price spread sits at its 7-day average of −0.014%, 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 | 338.82 | 0.0040 | pay 0.0005% / 1h | 13m 25s | $266K | $67K | 20x |
| Short | Coinbase International AAPL-PERP-INTX | 338.78 | 0.0080 | get 0.0010% / 1h | 13m 25s | $659K | $661K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Arcus. 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
- $8.34
- Price spread: −0.012% → −0.014%
- $0.21
- Slippage, 4 orders
- −$20.42
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$26.37
- Costs to cover
- 0.349%
- Break-even
- 29.1 days
Slippage from Arcus: live order book, 45 min ago; Coinbase International: live order book, 45 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, 45 min ago | 2.81 bp | 10.8 bp −$11 | 14.5 bp −$145 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 45 min ago | 2.21 bp | 7.7 bp −$8 | 10.6 bp −$106 | 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 | −0.0152% | 4h | 338.89 | +0.019% | $81K | $328K | 20x | as long as short |
| Nado AAPL-PERP | −0.0024% | 1h | 338.74 | −0.023% | $554K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.77 | −0.015% | $122K | $290K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 338.79 | −0.008% | $284K | $2.0M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 338.90 | +0.024% | $21.9M | $67.1M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 338.81 | −0.003% | $5.9M | $47.2M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 338.91 | +0.027% | $6.3M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.69 | −0.038% | $3.0M | $4.3M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 338.97 | +0.044% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 338.94 | +0.037% | $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 | 338.99 | +0.050% | $17K | $425K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 338.94 | +0.035% | $153 | $4.6M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.64 | −0.053% | $28K | $67K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.04 | +0.065% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 338.95 | +0.038% | $2.1M | $7K | 10x | as long as short |
| BloFin AAPL-USDT | +0.0028% | 8h | 338.94 | +0.035% | $342K | $168K | 20x | as long as short |
| QFEX AAPL-USD | +0.0031% | 1h | 338.86 | +0.012% | $3.2M | $4.6M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.77 | −0.015% | $782K | $2.5M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 338.80 | −0.006% | $946K | $3.6M | 20x | as long as short |
| Arcus AAPL-USDlong | +0.0040% | 1h | 338.82 | long leg | $266K | $67K | 20x | |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.72 | −0.030% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 338.73 | −0.027% | $40.5M | $76.0M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.73 | −0.027% | $278K | $422K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.79 | −0.009% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.66 | −0.047% | $1.3M | $2.5M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTXshort | +0.0080% | 1h | 338.78 | −0.012% | $659K | $661K | 10x | |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.79 | −0.009% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.78 | −0.012% | $946K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.77 | −0.015% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.82 | −0.001% | $11K | — | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0152% | 1h | 338.80 | −0.006% | $36K | — | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.72 | −0.030% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0283% | 1h | 338.97 | +0.044% | $5K | $11K | 20x | as long as short |
Coinbase International AAPL-PERP-INTX
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
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Injective AAPL/USDC PERP
Phoenix AAPL