Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.031%

Price spread now: Arcus against Bybit−0.035%7-day average −0.043% · 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−$29as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on Bybit Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.084%+$8 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now −0.035%, 7d avg −0.043%

Together, before fees+0.011%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.043%, 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	Bybit AAPLUSDT	339.71	0	get 0.0000% / 8h	1h 44m	$5.9M	$108.0M	100x
Short	Arcus AAPL-USD	339.59	0.0040	get 0.0005% / 1h	44m 22s	$267K	$60K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Bybit. 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 BybitbpFee ArcusbpOrdersPrice spread, now −0.035%Rate

Funding earned: $8.46
Price spread: −0.035% → −0.043%: $0.8
Slippage, 4 orders: −$14.66
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$20.9
Costs to cover: 0.302%
Break-even: 24.3 days

Slippage from Bybit: live order book, 5 min ago; Arcus: live order book, 64 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 Bybit live order book, 5 min ago	0.15 bp	5.6 bp −$6	7.8 bp −$78	26.2 bp −$2,617	doesn't fit
Sell Arcus live order book, 64 min ago	3.98 bp	10.3 bp −$10	12.5 bp −$125	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	−0.0783%	4h	339.73	+0.005%	$81K	$328K	20x	as long as short
Nado AAPL-PERP	−0.0045%	1h	339.56	−0.045%	$555K	$38K	20x	as long as short
BloFin AAPL-USDT	−0.0018%	8h	339.67	−0.012%	$341K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.63	−0.024%	$121K	$293K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.65	−0.018%	$288K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.72	+0.003%	$22.1M	$67.7M	25x	as long as short
Bybit AAPLUSDTlong	0.0000%	8h	339.71	long leg	$5.9M	$108.0M	100x
OKX AAPL-USDT-SWAP	0.0000%	8h	339.75	+0.012%	$6.3M	$7.0M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.44	−0.079%	$3.0M	$5.0M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.76	+0.015%	$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	339.73	+0.004%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.73	+0.006%	$16K	$402K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.69	−0.006%	$761	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.56	−0.044%	$28K	$68K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.71	0.000%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.76	+0.015%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.65	−0.018%	$3.2M	$4.3M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.55	−0.047%	$660K	$656K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.63	−0.024%	$908K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.63	−0.024%	$951K	$3.6M	20x	as long as short
Arcus AAPL-USDshort	+0.0040%	1h	339.59	−0.035%	$267K	$60K	20x
Vest AAPL-USD-PERP	+0.0046%	1h	339.46	−0.074%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.60	−0.032%	$280K	$417K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.58	−0.038%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.41	−0.088%	$1.3M	$2.4M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0071%	1h	339.64	−0.021%	$40.6M	$76.6M	20x	as long as short
Hotstuff AAPL-PERP	+0.0088%	1h	339.60	−0.032%	$36K	—	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.40	−0.091%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.61	−0.029%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.58	−0.038%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.60	−0.031%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.85	+0.041%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.51	−0.059%	$191K	$44K	30x	as long as short