Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.032%

Price spread now: Arcus against OKX−0.041%7-day average −0.022% · 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−$28as in the Price arb table

costs, in and out, $10k−$260.265% of the position

Long on OKX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.087%+$9 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now −0.041%, 7d avg −0.022%

Together, before fees+0.005%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, 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	OKX AAPL-USDT-SWAP	339.49	0	get 0.0000% / 8h	4h 44m	$6.3M	$6.7M	25x
Short	Arcus AAPL-USD	339.35	0.0040	get 0.0005% / 1h	44m 31s	$267K	$48K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against OKX. 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 OKXbpFee ArcusbpOrdersPrice spread, now −0.041%Rate

Funding earned: $8.46
Price spread: −0.041% → −0.022%: −$1.93
Slippage, 4 orders: −$11.98
Fee OKX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$19.95
Costs to cover: 0.265%
Break-even: 23.5 days

Slippage from OKX: live order book, 1 min ago; Arcus: live order book, 62 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 OKX live order book, 1 min ago	0.15 bp	6.0 bp −$6	10.5 bp −$105	doesn't fit	doesn't fit
Sell Arcus live order book, 62 min ago	2.80 bp	6.3 bp −$6	6.5 bp −$65	16.8 bp −$1,682	doesn't fit

AAPL on 33 exchanges

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	−0.0620%	4h	339.29	−0.058%	$81K	$328K	20x	as long as short
BloFin AAPL-USDT	−0.0027%	8h	339.52	+0.009%	$353K	$166K	20x	as long as short
Nado AAPL-PERP	−0.0015%	1h	339.50	+0.003%	$556K	$28K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.47	−0.006%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.47	−0.005%	$286K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.60	+0.031%	$22.1M	$67.3M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.51	+0.006%	$6.1M	$286.8M	100x	as long as short
OKX AAPL-USDT-SWAPlong	0.0000%	8h	339.49	long leg	$6.3M	$6.7M	25x
Gate AAPL_USDT	0.0000%	8h	339.31	−0.053%	$3.0M	$7.4M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.58	+0.027%	$6.2M	$3.5M	100x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.44	−0.013%	$2.5M	$1.3M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.48	−0.003%	$20K	$350K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.55	+0.018%	$550	$4.1M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.43	−0.018%	$28K	$68K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.60	+0.032%	$62K	$241K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.47	−0.006%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.47	−0.006%	$3.3M	$4.2M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.53	+0.011%	$924K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.53	+0.012%	$1.0M	$3.0M	20x	as long as short
Arcus AAPL-USDshort	+0.0040%	1h	339.35	−0.041%	$267K	$48K	20x
Vest AAPL-USD-PERP	+0.0046%	1h	339.37	−0.035%	—	$45K	25x	as long as short
Hotstuff AAPL-PERP	+0.0048%	1h	339.35	−0.041%	$36K	—	20x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.48	−0.003%	$40.5M	$76.7M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.46	−0.009%	$269K	$356K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.42	−0.021%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.27	−0.065%	$1.3M	$2.2M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.26	−0.068%	$1.4M	$213K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.22	−0.080%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.42	−0.021%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.33	−0.048%	$11K	$102	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0128%	1h	339.31	−0.053%	$659K	$630K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.83	+0.100%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	339.46	−0.009%	$5K	$12K	20x	as long as short