Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0286%/8h= +31.4% APRpaid last 24h +0.014%

Price spread now: Arcus against Binance−0.041%7-day average −0.046% · 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−$24as in the Price arb table

costs, in and out, $10k−$250.246% of the position

Long on Binance Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.072%+$7 on $10k

Price spread, last 2 days (all we have)−0.022%−$2 · spread now −0.041%, 7d avg −0.046%

Together, before fees+0.050%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.046%, so right now this pair is about funding alone: +$9 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 0.072% in total (about 7.6% a year). A funding rate is set anew for every payment. 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	Binance AAPLUSDT	339.01	0.0119	pay 0.0119% / 8h	7h 50m	$22.3M	$66.9M	25x
Short	Arcus AAPL-USD	338.87	0.0406	get 0.0051% / 1h	50m 05s	$269K	$70K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Binance. 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 BinancebpFee ArcusbpOrdersPrice spread, now −0.041%Rate

Funding earned: $60.15
Price spread: −0.041% → −0.046%: $0.48
Slippage, 4 orders: −$10.08
Fee Binance: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $36.06
Costs to cover: 0.246%
Break-even: 2.8 days

Slippage from Binance: live order book, 7 min ago; Arcus: live order book, 23 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 Binance live order book, 7 min ago	0.15 bp	5.3 bp −$5	7.3 bp −$73	30.2 bp −$3,015	doesn't fit
Sell Arcus live order book, 23 min ago	2.80 bp	6.0 bp −$6	6.4 bp −$64	16.1 bp −$1,608	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	−0.0218%	4h	338.92	−0.026%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0066%	1h	338.82	−0.056%	$556K	$36K	20x	as long as short
Hotstuff AAPL-PERP	−0.0032%	1h	338.88	−0.038%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.99	−0.006%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.02	+0.003%	$6.0M	$39.4M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.99	−0.006%	$6.5M	$6.6M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.74	−0.080%	$3.0M	$4.2M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.93	−0.024%	$13K	$479K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.01	0.000%	$570	$4.7M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.83	−0.053%	$28K	$66K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AAPL-USDT	0.0000%	8h	339.12	+0.032%	$52K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.98	−0.009%	$2.1M	$6K	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.86	−0.045%	$771K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.90	−0.032%	$957K	$3.6M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.75	−0.077%	—	$53K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.91	−0.029%	$40.8M	$76.0M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.82	−0.056%	$264K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.89	−0.035%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.63	−0.112%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	338.93	−0.024%	$3.2M	$5.1M	10x	as long as short
Bitget AAPLUSDT	+0.0080%	8h	338.97	−0.012%	$6.2M	$3.4M	100x	as long as short
Variational Omni AAPL	+0.0098%	8h	339.02	+0.004%	$2.4M	$1.4M	—	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.64	−0.109%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.81	−0.059%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.91	−0.029%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.95	−0.018%	$11K	—	10x	as long as short
BloFin AAPL-USDT	+0.0109%	8h	339.03	+0.006%	$346K	$170K	20x	as long as short
Binance AAPLUSDTlong	+0.0119%	8h	339.01	long leg	$22.3M	$66.9M	25x
Extended AAPL_24_5-USD	+0.0120%	1h	338.94	−0.021%	$284K	$1.6M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	339.03	+0.006%	$660K	$670K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.78	−0.068%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	339.05	+0.012%	$5K	$11K	20x	as long as short
Arcus AAPL-USDshort	+0.0406%	1h	338.87	−0.041%	$269K	$70K	20x