Funding you earn now, next payment 23:00 UTC+0.0066%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.002%
Price spread now: Arcus against Phoenix−0.018%49s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 49 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 | Phoenix AAPL | 339.09 | 0.0330 | pay 0.0041% / 1h | 44m 09s | $2K | $8K | 20x |
| Short | Arcus AAPL-USD | 339.03 | 0.0397 | get 0.0050% / 1h | 44m 09s | $270K | $71K | 20x |
Phoenix AAPL
Arcus AAPL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Phoenix. 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
- $13.93
- Price spread: −0.018% → 0.000%
- −$1.77
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $0.67
- Costs to cover
- 0.115%
- Break-even
- 6.7 days
Slippage unknown: Phoenix: no order-book sample; Arcus: live order book, 34 min ago. Net counts fees only.
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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Arcus live order book, 34 min ago | 2.65 bp | 5.5 bp −$5 | 6.8 bp −$68 | 17.0 bp −$1,700 | doesn't fit |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0893% | 4h | 339.12 | +0.010% | $81K | $326K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.01 | −0.022% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.19 | +0.029% | $6.0M | $39.8M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.15 | +0.018% | $6.5M | $7.0M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.92 | −0.050% | $3.0M | $4.2M | 100x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.15 | +0.018% | $516 | $4.8M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.21 | +0.035% | $52K | $223K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.17 | +0.024% | $2.1M | $7K | 10x | as long as short |
| GRVT AAPL_USDT_Perp | +0.0002% | 8h | 339.13 | +0.012% | $14K | $498K | 10x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | +0.0016% | 1h | 338.90 | −0.056% | $28K | $65K | 10x | as long as short |
edgeX AAPLUSDC
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
GRVT AAPL_USDT_Perp
Deribit AAPL_USDC-PERPETUALShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH AAPL | +0.0032% | 1h | 339.06 | −0.009% | $965K | $3.8M | 20x | as long as short |
| Bitget AAPLUSDT | +0.0032% | 8h | 339.15 | +0.018% | $6.2M | $3.4M | 100x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.79 | −0.088% | — | $53K | 25x | as long as short |
| Variational Omni AAPL | +0.0048% | 8h | 339.13 | +0.013% | $2.4M | $1.4M | — | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.98 | −0.032% | $265K | $394K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.03 | −0.018% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.85 | −0.071% | $1.4M | $2.4M | 20x | as long as short |
| QFEX AAPL-USD | +0.0064% | 1h | 339.09 | 0.000% | $3.2M | $5.1M | 10x | as long as short |
| Extended AAPL_24_5-USD | +0.0072% | 1h | 339.09 | 0.000% | $285K | $1.5M | 10x | as long as short |
| Binance AAPLUSDT | +0.0075% | 8h | 339.14 | +0.015% | $22.4M | $67.4M | 25x | as long as short |
| BloFin AAPL-USDT | +0.0082% | 8h | 339.15 | +0.018% | $304K | $167K | 20x | as long as short |
| Lighter AAPL | +0.0088% | 1h | 339.02 | −0.019% | $773K | $2.4M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.87 | −0.065% | $1.4M | $28K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.84 | −0.074% | $946K | $10.9M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.02 | −0.021% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.09 | +0.001% | $11K | — | 10x | as long as short |
| Nado AAPL-PERP | +0.0127% | 1h | 338.84 | −0.073% | $556K | $35K | 20x | as long as short |
| Hotstuff AAPL-PERP | +0.0128% | 1h | 339.03 | −0.018% | $36K | — | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0192% | 1h | 339.03 | −0.018% | $660K | $677K | 10x | as long as short |
| tradeXYZ xyz:AAPL | +0.0218% | 1h | 339.03 | −0.018% | $40.9M | $76.4M | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.57 | +0.142% | $191K | $44K | 30x | as long as short |
| Phoenix AAPLlong | +0.0330% | 1h | 339.09 | long leg | $2K | $8K | 20x | |
| Arcus AAPL-USDshort | +0.0397% | 1h | 339.03 | −0.018% | $270K | $71K | 20x |
Lighter RH AAPL
Bitget AAPLUSDT
Vest AAPL-USD-PERP
Variational Omni AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
QFEX AAPL-USD
Extended AAPL_24_5-USD
Binance AAPLUSDT
BloFin AAPL-USDT
Lighter AAPL
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Nado AAPL-PERP
Hotstuff AAPL-PERP
Coinbase International AAPL-PERP-INTX
tradeXYZ xyz:AAPL
Injective AAPL/USDC PERP