Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.031%

Price spread now: HTX against Arcus+0.080%7-day average +0.070% · 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−$39as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on Arcus Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.082%−$8 on $10k

Price spread, last 3 days (all we have)−0.087%−$9 · spread now +0.080%, 7d avg +0.070%

Together, before fees−0.168%−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.070%, 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	338.94	0.0040	pay 0.0005% / 1h	35m 17s	$270K	$70K	20x
Short	HTX AAPL-USDT	339.21	0	get 0.0000% / 8h	6h 35m	$53K	$225K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.080%Rate

Funding earned: −$8.46
Price spread: +0.080% → +0.070%: $1.01
Slippage, 4 orders: −$23.73
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$47.68
Costs to cover: 0.402%
Break-even: never at this rate

Slippage from Arcus: live order book, 33 min ago; HTX: live order book, 31 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, 33 min ago	1.92 bp	9.5 bp −$9	13.7 bp −$137	doesn't fit	doesn't fit
Sell HTX live order book, 31 min ago	2.80 bp	13.1 bp −$13	15.6 bp −$156	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	−0.0506%	4h	338.97	+0.008%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0069%	1h	338.91	−0.008%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.99	+0.015%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.07	+0.038%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.11	+0.050%	$6.4M	$6.7M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.85	−0.027%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.09	+0.044%	$6.2M	$3.5M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.00	+0.018%	$17K	$433K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.07	+0.038%	$953	$4.7M	20x	as long as short
HTX AAPL-USDTshort	0.0000%	8h	339.21	+0.080%	$53K	$225K	30x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AAPLUSDT	0.0000%	4h	338.99	+0.015%	$2.1M	$6K	10x	as long as short
Variational Omni AAPL	+0.0027%	8h	339.08	+0.043%	$2.4M	$1.4M	—	as long as short
QFEX AAPL-USD	+0.0028%	1h	339.05	+0.032%	$3.2M	$4.9M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.91	−0.008%	$743K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.97	+0.009%	$952K	$3.5M	20x	as long as short
Arcus AAPL-USDlong	+0.0040%	1h	338.94	long leg	$270K	$70K	20x
Vest AAPL-USD-PERP	+0.0046%	1h	338.85	−0.027%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.81	−0.038%	$262K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.99	+0.015%	$75K	$3K	10x	as long as short
BloFin AAPL-USDT	+0.0050%	8h	338.91	−0.009%	$347K	$169K	20x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.83	−0.032%	$1.4M	$2.5M	20x	as long as short
Extended AAPL_24_5-USD	+0.0056%	1h	338.98	+0.013%	$284K	$2.0M	10x	as long as short
Binance AAPLUSDT	+0.0060%	8h	339.06	+0.036%	$22.2M	$66.8M	25x	as long as short
tradeXYZ xyz:AAPL	+0.0084%	1h	339.01	+0.021%	$40.8M	$75.8M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.80	−0.041%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.91	−0.009%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.96	+0.006%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.95	+0.004%	$11K	—	10x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0104%	1h	338.97	+0.009%	$28K	$67K	10x	as long as short
Hotstuff AAPL-PERP	+0.0128%	1h	339.01	+0.021%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0136%	1h	338.51	−0.127%	$655K	$665K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.85	−0.027%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.18	+0.071%	$5K	$11K	20x	as long as short