Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0605%/8h= +66.3% APRpaid last 24h +0.238%

Price spread now: Arcus against edgeX−0.026%7-day average −0.037% · 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−$38as in the Price arb table

costs, in and out, $10k−$390.392% of the position

Long on edgeX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.694%+$69 on $10k

Price spread, last 4 days (all we have)−0.169%−$17 · spread now −0.026%, 7d avg −0.037%

Together, before fees+0.525%+ Points / potential airdropedgeX: Active · farm board+$53 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.037%, so right now this pair is about funding alone: +$18 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAPLUSDC	339.79	−0.0565	get 0.0282% / 4h	4m 45s	$81K	$327K	20x
Short	Arcus AAPL-USD	339.70	0.0040	get 0.0005% / 1h	4m 45s	$267K	$60K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against edgeX. 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 edgeXbpFee ArcusbpOrdersPrice spread, now −0.026%Rate

Funding earned: $127.08
Price spread: −0.026% → −0.037%: $1.03
Slippage, 4 orders: −$25.72
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $88.9
Costs to cover: 0.392%
Break-even: 2.1 days

Slippage from edgeX: live order book, 33 min ago; Arcus: live order book, 34 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 edgeX live order book, 33 min ago	3.97 bp	9.1 bp −$9	15.9 bp −$159	doesn't fit	doesn't fit
Sell Arcus live order book, 34 min ago	0.74 bp	7.2 bp −$7	10.8 bp −$108	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 AAPLUSDClong	−0.0565%	4h	339.79	long leg	$81K	$327K	20x
Nado AAPL-PERP	−0.0143%	1h	339.73	−0.017%	$556K	$37K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0074%	1h	339.61	−0.053%	$28K	$69K	10x	as long as short
Hotstuff AAPL-PERP	−0.0048%	1h	339.75	−0.012%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.73	−0.017%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.76	−0.008%	$286K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.83	+0.013%	$22.1M	$67.3M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.86	+0.021%	$6.1M	$164.5M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.77	−0.006%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.65	−0.041%	$3.0M	$5.6M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	339.83	+0.012%	$6.2M	$3.6M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.86	+0.019%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.84	+0.014%	$13K	$357K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.84	+0.015%	$585	$4.5M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.88	+0.027%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.84	+0.015%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0003%	8h	339.84	+0.015%	$344K	$167K	20x	as long as short
QFEX AAPL-USD	+0.0027%	1h	339.77	−0.006%	$3.2M	$4.2M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.73	−0.016%	$941K	$2.7M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.72	−0.021%	$954K	$3.5M	20x	as long as short
Arcus AAPL-USDshort	+0.0040%	1h	339.70	−0.026%	$267K	$60K	20x
Vest AAPL-USD-PERP	+0.0046%	1h	339.68	−0.032%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.74	−0.015%	$40.6M	$76.2M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.72	−0.021%	$279K	$423K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.79	0.000%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.64	−0.044%	$1.3M	$2.3M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0064%	1h	339.55	−0.071%	$660K	$660K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.71	−0.024%	$1.4M	$55K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.73	−0.018%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.72	−0.021%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.75	−0.011%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.67	−0.035%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	339.96	+0.050%	$5K	$12K	20x	as long as short