Funding you earn now, next payment 09:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h −0.019%
Price spread now: tradeXYZ against Arcus−0.003%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−$36as in the Price arb table
costs, in and out, $10k−$390.391% of the position
Funding, last 4 days (all we have)−0.048%−$5 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.003%, 7d avg −0.033%
=Together, before fees−0.019%+ Points / potential airdroptradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 0.030% dearer against Arcus than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.033%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus AAPL-USD | 339.75 | 0.0040 | pay 0.0005% / 1h | 59m 13s | $267K | $60K | 20x |
| Short | tradeXYZ xyz:AAPL | 339.74 | 0.0059 | get 0.0007% / 1h | 59m 13s | $40.6M | $76.2M | 20x |
Arcus AAPL-USD
tradeXYZ xyz:AAPLFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $3.85
- Price spread: −0.003% → −0.033%
- $2.97
- Slippage, 4 orders
- −$16.6
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$32.27
- Costs to cover
- 0.391%
- Break-even
- 65.7 days
Slippage from Arcus: live order book, 39 min ago; tradeXYZ: live order book, 10 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, 39 min ago | 0.74 bp | 11.6 bp −$12 | 16.8 bp −$168 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 0.29 bp | 10.1 bp −$10 | 12.0 bp −$120 | 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 | −0.0293% | 4h | 339.80 | +0.015% | $81K | $328K | 20x | as long as short |
| BloFin AAPL-USDT | −0.0012% | 8h | 339.80 | +0.015% | $344K | $167K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.81 | +0.017% | $121K | $294K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.72 | −0.009% | $286K | $2.1M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.81 | +0.017% | $22.1M | $67.4M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.84 | +0.026% | $6.2M | $171.1M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.82 | +0.021% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.74 | −0.003% | $3.0M | $5.5M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.84 | +0.026% | $6.2M | $3.4M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.92 | +0.049% | $2.5M | $1.2M | — | as long as short |
edgeX AAPLUSDC
BloFin AAPL-USDT
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit 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 | 339.86 | +0.033% | $13K | $349K | 10x | as long as short |
| Nado AAPL-PERP | 0.0000% | 1h | 339.70 | −0.015% | $556K | $37K | 20x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.80 | +0.015% | $663 | $4.5M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.71 | −0.012% | $28K | $69K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 340.02 | +0.079% | $62K | $245K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.84 | +0.026% | $2.1M | $7K | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0024% | 1h | 339.55 | −0.059% | $660K | $653K | 10x | as long as short |
| QFEX AAPL-USD | +0.0027% | 1h | 339.76 | +0.003% | $3.2M | $4.2M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.75 | 0.000% | $942K | $2.6M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.73 | −0.006% | $956K | $3.2M | 20x | as long as short |
| Arcus AAPL-USDlong | +0.0040% | 1h | 339.75 | long leg | $267K | $60K | 20x | |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.69 | −0.018% | — | $45K | 25x | as long as short |
| Hotstuff AAPL-PERP | +0.0048% | 1h | 339.71 | −0.012% | $36K | — | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.65 | −0.029% | $279K | $422K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.70 | −0.015% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.64 | −0.032% | $1.3M | $2.3M | 20x | as long as short |
| tradeXYZ xyz:AAPLshort | +0.0059% | 1h | 339.74 | −0.003% | $40.6M | $76.2M | 20x | |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.70 | −0.015% | $1.4M | $55K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.69 | −0.018% | $949K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.72 | −0.009% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.74 | −0.003% | $11K | $102 | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.69 | −0.018% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0259% | 1h | 339.94 | +0.056% | $5K | $11K | 20x | as long as short |
GRVT AAPL_USDT_Perp
Nado AAPL-PERP
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
Coinbase International AAPL-PERP-INTX
QFEX AAPL-USD
Lighter AAPL
Lighter RH AAPL
Vest AAPL-USD-PERP
Hotstuff AAPL-PERP
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Injective AAPL/USDC PERP
Phoenix AAPL