Funding you earn now, next payment 00:00 UTC−0.0347%/8h= −38.0% APRnext payment −$0.43 per $10,000 · paid last 24h −0.007%
Price spread now: Polymarket Perps against Arcus−0.018%7-day average −0.033% · 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−$22as in the Price arb table
costs, in and out, $10k−$230.232% of the position
Funding, last 3 days (all we have)−0.018%−$2 on $10k
+Price spread, last 3 days (all we have)+0.006%+$1 · spread now −0.018%, 7d avg −0.033%
=The price spread sits at its 7-day average of −0.033%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.018% in total (about -1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.43 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus AAPL-USD | 339.00 | 0.0397 | pay 0.0050% / 1h | 41m 27s | $270K | $71K | 20x |
| Short | Polymarket Perps AAPL-USD | 338.94 | 0.0050 | get 0.0006% / 1h | 41m 27s | $265K | $394K | 10x |
Arcus AAPL-USD
Polymarket Perps AAPL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$72.79
- Price spread: −0.018% → −0.033%
- $1.56
- Slippage, 4 orders
- −$10.74
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$94.47
- Costs to cover
- 0.232%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 37 min ago; Polymarket Perps: live order book, 36 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, 37 min ago | 2.65 bp | 8.2 bp −$8 | 11.0 bp −$110 | 19.9 bp −$1,990 | doesn't fit |
| Sell Polymarket Perps live order book, 36 min ago | 0.74 bp | 4.8 bp −$5 | 6.3 bp −$63 | 8.0 bp −$798 | 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 | −0.0509% | 4h | 339.09 | +0.027% | $81K | $327K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.99 | −0.004% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.12 | +0.035% | $6.0M | $39.6M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.07 | +0.021% | $6.5M | $7.0M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.88 | −0.035% | $3.0M | $4.2M | 100x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.15 | +0.044% | $380 | $4.8M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.82 | −0.053% | $28K | $65K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.24 | +0.071% | $52K | $223K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.16 | +0.047% | $2.1M | $7K | 10x | as long as short |
| GRVT AAPL_USDT_Perp | +0.0009% | 8h | 339.14 | +0.040% | $14K | $498K | 10x | as long as short |
edgeX AAPLUSDC
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
GRVT AAPL_USDT_PerpShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH AAPL | +0.0032% | 1h | 339.02 | +0.006% | $964K | $3.8M | 20x | as long as short |
| Bitget AAPLUSDT | +0.0037% | 8h | 339.15 | +0.044% | $6.2M | $3.4M | 100x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.76 | −0.071% | — | $53K | 25x | as long as short |
| Variational Omni AAPL | +0.0048% | 8h | 339.13 | +0.040% | $2.4M | $1.4M | — | as long as short |
| Polymarket Perps AAPL-USDshort | +0.0050% | 1h | 338.94 | −0.018% | $265K | $394K | 10x | |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.96 | −0.012% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.82 | −0.053% | $1.4M | $2.4M | 20x | as long as short |
| QFEX AAPL-USD | +0.0064% | 1h | 339.01 | +0.003% | $3.2M | $5.1M | 10x | as long as short |
| Extended AAPL_24_5-USD | +0.0080% | 1h | 339.03 | +0.008% | $285K | $1.5M | 10x | as long as short |
| BloFin AAPL-USDT | +0.0081% | 8h | 339.14 | +0.041% | $348K | $167K | 20x | as long as short |
| Binance AAPLUSDT | +0.0081% | 8h | 339.09 | +0.026% | $22.4M | $67.3M | 25x | as long as short |
| Lighter AAPL | +0.0088% | 1h | 338.97 | −0.010% | $773K | $2.4M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.84 | −0.047% | $1.4M | $28K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.76 | −0.071% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.99 | −0.003% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.06 | +0.019% | $11K | — | 10x | as long as short |
| Nado AAPL-PERP | +0.0125% | 1h | 338.84 | −0.048% | $556K | $35K | 20x | as long as short |
| Hotstuff AAPL-PERP | +0.0128% | 1h | 338.96 | −0.012% | $36K | — | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0192% | 1h | 339.03 | +0.009% | $660K | $677K | 10x | as long as short |
| tradeXYZ xyz:AAPL | +0.0211% | 1h | 338.98 | −0.006% | $40.9M | $76.5M | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.57 | +0.168% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0330% | 1h | 339.15 | +0.044% | $2K | $8K | 20x | as long as short |
| Arcus AAPL-USDlong | +0.0397% | 1h | 339.00 | long leg | $270K | $71K | 20x |
Lighter RH AAPL
Bitget AAPLUSDT
Vest AAPL-USD-PERP
Variational Omni AAPL
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
QFEX AAPL-USD
Extended AAPL_24_5-USD
BloFin AAPL-USDT
Binance AAPLUSDT
Lighter AAPL
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Nado AAPL-PERP
Hotstuff AAPL-PERP
Coinbase International AAPL-PERP-INTX
tradeXYZ xyz:AAPL
Injective AAPL/USDC PERP
Phoenix AAPL