Funding you earn now, next payment 23:00 UTC+0.0144%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h −0.048%
Price spread now: Arcus against Injective−0.188%101s7-day average −0.119% · 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−$340.342% of the position
Funding, last 3 days (all we have)−0.142%−$14 on $10k
+Price spread, last 3 days (all we have)+0.281%+$28 · spread now −0.188%, 7d avg −0.119%
=Funding pays, the price is against you. Arcus is 0.070% cheaper against Injective than usual: you would sell low and buy high (spread −0.188% now, against its 7-day average of −0.119%). If the spread goes back, that is −$7 on $10k: about 39 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 3 days funding on this pair cost −0.142%, so the current rate has only just turned in your favour. The two prices were read 101 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 | Injective AAPL/USDC PERP | 339.66 | 0.0220 | pay 0.0028% / 1h | 45m 38s | $191K | $44K | 30x |
| Short | Arcus AAPL-USD | 339.02 | 0.0364 | get 0.0046% / 1h | 45m 38s | $270K | $70K | 20x |
Injective AAPL/USDC PERP
Arcus AAPL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Injective. 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
- $30.26
- Price spread: −0.188% → −0.119%
- −$6.97
- Slippage, 4 orders
- −$29.7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$10.93
- Costs to cover
- 0.342%
- Break-even
- 9.5 days
Slippage from Injective: live order book, 38 min ago; Arcus: live order book, 38 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 Injective live order book, 38 min ago | 10.03 bp | 10.0 bp −$10 | 10.0 bp −$100 | 57595.0 bp −$5.76M | 327974.4 bp −$163.99M |
| Sell Arcus live order book, 38 min ago | 2.66 bp | 6.3 bp −$6 | 7.9 bp −$79 | 17.1 bp −$1,707 | 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 | −0.0883% | 4h | 339.10 | −0.166% | $81K | $327K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.15 | −0.151% | $122K | $291K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.08 | −0.172% | $284K | $1.5M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.14 | −0.153% | $22.3M | $67.5M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.19 | −0.138% | $6.1M | $31.2M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.05 | −0.180% | $6.6M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.96 | −0.206% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.11 | −0.162% | $6.2M | $3.4M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.29 | −0.110% | $2.4M | $1.5M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.16 | −0.148% | $14K | $498K | 10x | as long as short |
edgeX AAPLUSDC
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_PerpShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX AAPL-USDT | 0.0000% | 8h | 339.10 | −0.165% | $773 | $4.8M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.23 | −0.127% | $53K | $223K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.19 | −0.138% | $2.1M | $7K | 10x | as long as short |
| BloFin AAPL-USDT | +0.0011% | 8h | 339.13 | −0.156% | $352K | $168K | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.05 | −0.180% | $968K | $3.8M | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.78 | −0.259% | — | $53K | 25x | as long as short |
| Lighter AAPL | +0.0048% | 1h | 339.02 | −0.187% | $768K | $2.5M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.92 | −0.218% | $265K | $395K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.99 | −0.197% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.73 | −0.274% | $1.5M | $2.4M | 20x | as long as short |
| QFEX AAPL-USD | +0.0059% | 1h | 339.05 | −0.180% | $3.2M | $5.1M | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0072% | 1h | 339.01 | −0.191% | $36K | — | 20x | as long as short |
| Nado AAPL-PERP | +0.0093% | 1h | 338.87 | −0.232% | $556K | $35K | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.85 | −0.238% | $1.4M | $28K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.84 | −0.241% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.00 | −0.194% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.05 | −0.180% | $11K | — | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0184% | 1h | 338.93 | −0.215% | $659K | $675K | 10x | as long as short |
| tradeXYZ xyz:AAPL | +0.0196% | 1h | 339.01 | −0.191% | $40.9M | $77.0M | 20x | as long as short |
| Injective AAPL/USDC PERPlong | +0.0220% | 1h | 339.66 | long leg | $191K | $44K | 30x | |
| Phoenix AAPL | +0.0354% | 1h | 339.29 | −0.109% | $2K | $11K | 20x | as long as short |
| Arcus AAPL-USDshort | +0.0364% | 1h | 339.02 | −0.188% | $270K | $70K | 20x | |
| Deribit AAPL_USDC-PERPETUAL | +0.0429% | 1h | 339.07 | −0.174% | $28K | $65K | 10x | as long as short |
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
BloFin AAPL-USDT
Lighter RH AAPL
Vest AAPL-USD-PERP
Lighter AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
QFEX AAPL-USD
Hotstuff AAPL-PERP
Nado AAPL-PERP
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Coinbase International AAPL-PERP-INTX
tradeXYZ xyz:AAPL
Phoenix AAPL
Deribit AAPL_USDC-PERPETUAL