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 SunX−0.006%7-day average −0.047% · 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−$114as in the Price arb table

costs, in and out, $10k−$1181.179% of the position

Long on SunX 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)−0.001%$0 · spread now −0.006%, 7d avg −0.047%

Together, before fees+0.083%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.041% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAPL-USDT	339.52	0	get 0.0000% / 8h	1h 22m	$720	$4.6M	20x
Short	Arcus AAPL-USD	339.50	0.0040	get 0.0005% / 1h	22m 59s	$267K	$60K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against SunX. 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 SunXbpFee ArcusbpOrdersPrice spread, now −0.006%Rate

Funding earned: $8.46
Price spread: −0.006% → −0.047%: $4.07
Slippage, 4 orders: −$105.42
Fee SunX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$105.4
Costs to cover: 1.179%
Break-even: 94.2 days

Slippage from SunX: live order book, 6 min ago; Arcus: live order book, 20 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 SunX live order book, 6 min ago	44.90 bp	49.3 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 20 min ago	2.65 bp	9.8 bp −$10	12.7 bp −$127	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	−0.0797%	4h	339.60	+0.025%	$81K	$326K	20x	as long as short
Hotstuff AAPL-PERP	−0.0056%	1h	339.48	−0.012%	$36K	—	20x	as long as short
Nado AAPL-PERP	−0.0056%	1h	339.33	−0.055%	$555K	$38K	20x	as long as short
BloFin AAPL-USDT	−0.0011%	8h	339.53	+0.003%	$342K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.53	+0.004%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.46	−0.018%	$285K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.53	+0.003%	$22.1M	$67.7M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.55	+0.009%	$5.9M	$118.0M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.50	−0.006%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.36	−0.047%	$3.0M	$5.1M	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	339.70	+0.053%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.65	+0.040%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.72	+0.060%	$16K	$402K	10x	as long as short
SunX AAPL-USDTlong	0.0000%	8h	339.52	long leg	$720	$4.6M	20x
HTX AAPL-USDT	0.0000%	8h	339.62	+0.029%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.65	+0.038%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.47	−0.015%	$3.3M	$4.3M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.55	+0.009%	$660K	$668K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.41	−0.032%	$910K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.42	−0.029%	$944K	$3.6M	20x	as long as short
Arcus AAPL-USDshort	+0.0040%	1h	339.50	−0.006%	$267K	$60K	20x
Vest AAPL-USD-PERP	+0.0046%	1h	339.33	−0.056%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.50	−0.006%	$40.6M	$76.4M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.46	−0.018%	$279K	$422K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.46	−0.018%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.31	−0.062%	$1.3M	$2.4M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0074%	1h	339.39	−0.038%	$28K	$69K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.32	−0.059%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.49	−0.009%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.42	−0.029%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.43	−0.026%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.72	+0.059%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.41	−0.032%	$191K	$44K	30x	as long as short