Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h +0.006%

Price spread now: Arcus against BloFin−0.041%95s7-day average −0.055% · 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—prices read too far apart to compare

costs, in and out, $10k−$310.315% of the position

Long on BloFin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.028%−$3 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.041%, 7d avg −0.055%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.055%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AAPL-USDT	339.21	0.0019	pay 0.0019% / 8h	3h 07m	$340K	$168K	20x
Short	Arcus AAPL-USD	339.07	0.0040	get 0.0005% / 1h	7m 24s	$266K	$61K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against BloFin. 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 BloFinbpFee ArcusbpOrdersPrice spread, now −0.041%Rate

Funding earned: $4.45
Price spread: −0.041% → −0.055%: $1.4
Slippage, 4 orders: −$14.95
Fee BloFin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$25.61
Costs to cover: 0.315%
Break-even: 47.3 days

Slippage from BloFin: live order book, 23 min ago; Arcus: live order book, 46 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 BloFin live order book, 23 min ago	0.29 bp	6.4 bp −$6	8.2 bp −$82	20.3 bp −$2,028	doesn't fit
Sell Arcus live order book, 46 min ago	3.10 bp	9.2 bp −$9	12.9 bp −$129	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	−0.0405%	4h	339.17	−0.013%	$81K	$327K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0104%	1h	339.09	−0.035%	$28K	$67K	10x	as long as short
Nado AAPL-PERP	−0.0096%	1h	339.19	−0.006%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.24	+0.010%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.17	−0.012%	$282K	$1.4M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.26	+0.015%	$22.0M	$67.1M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.18	−0.009%	$5.8M	$71.3M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.26	+0.015%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.99	−0.065%	$3.0M	$4.5M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.28	+0.021%	$6.2M	$3.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.27	+0.019%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.29	+0.022%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.26	+0.015%	$774	$4.6M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.38	+0.050%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.34	+0.038%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDTlong	+0.0019%	8h	339.21	long leg	$340K	$168K	20x
QFEX AAPL-USD	+0.0030%	1h	339.14	−0.021%	$3.2M	$4.4M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.15	−0.018%	$802K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.16	−0.015%	$939K	$3.6M	20x	as long as short
Arcus AAPL-USDshort	+0.0040%	1h	339.07	−0.041%	$266K	$61K	20x
Vest AAPL-USD-PERP	+0.0046%	1h	339.07	−0.041%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.15	−0.018%	$40.5M	$76.1M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.12	−0.027%	$278K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.15	−0.018%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.91	−0.088%	$1.3M	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	339.12	−0.027%	$661K	$656K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.26	+0.015%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.20	−0.003%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.12	−0.027%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.14	−0.020%	$11K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0120%	1h	339.15	−0.018%	$36K	—	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.05	−0.047%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.26	+0.015%	$5K	$11K	20x	as long as short