Funding you earn now, next payment 01:00 UTC+0.0356%/8h= +38.9% APRnext payment +$0.44 per $10,000 · paid last 24h +0.024%
Price spread now: Arcus against tradeXYZ+0.009%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$370.372% of the position
Funding, last 3 days (all we have)+0.045%+$5 on $10k
+Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.009%, 7d avg +0.036%
=Together, before fees+0.003%+ Points / potential airdroptradeXYZ: Active · farm board$0 on $10k · with fees, hour by hour
Funding pays, the price is against you. Arcus is 0.027% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.009% now, against its 7-day average of +0.036%). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$11 a day). At the pace of the last 3 days (+0.045% in total) that is about 2.1 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.045% in total (about 4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.44 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:AAPL | 338.61 | 0.0050 | pay 0.0006% / 1h | 0m 06s | $40.8M | $75.8M | 20x |
| Short | Arcus AAPL-USD | 338.64 | 0.0406 | get 0.0051% / 1h | 0m 06s | $269K | $70K | 20x |
tradeXYZ xyz:AAPL
Arcus AAPL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against tradeXYZ. 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
- $74.68
- Price spread: +0.009% → +0.036%
- −$2.7
- Slippage, 4 orders
- −$14.68
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $34.8
- Costs to cover
- 0.372%
- Break-even
- 3.7 days
Slippage from tradeXYZ: live order book, 10 min ago; Arcus: live order book, 8 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 tradeXYZ live order book, 10 min ago | 0.15 bp | 9.4 bp −$9 | 11.8 bp −$118 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 8 min ago | 1.92 bp | 8.9 bp −$9 | 13.3 bp −$133 | 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 | −0.0705% | 4h | 338.65 | +0.012% | $81K | $327K | 20x | as long as short |
| Nado AAPL-PERP | −0.0035% | 1h | 338.58 | −0.010% | $554K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.74 | +0.038% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 338.70 | +0.027% | $6.0M | $39.4M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 338.75 | +0.041% | $6.4M | $6.6M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.50 | −0.032% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 338.79 | +0.053% | $6.2M | $3.4M | 100x | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 338.66 | +0.015% | $17K | $433K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 338.71 | +0.030% | $586 | $4.7M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.62 | +0.003% | $28K | $67K | 10x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUALShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX AAPL-USDT | 0.0000% | 8h | 338.78 | +0.050% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 338.73 | +0.035% | $2.1M | $6K | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.54 | −0.021% | $744K | $2.3M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 338.61 | 0.000% | $953K | $3.6M | 20x | as long as short |
| Hotstuff AAPL-PERP | +0.0040% | 1h | 338.63 | +0.006% | $36K | — | 20x | as long as short |
| Variational Omni AAPL | +0.0044% | 8h | 338.74 | +0.037% | $2.4M | $1.4M | — | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.49 | −0.035% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPLlong | +0.0050% | 1h | 338.61 | long leg | $40.8M | $75.8M | 20x | |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.38 | −0.068% | $261K | $397K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.60 | −0.003% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.42 | −0.056% | $1.4M | $2.4M | 20x | as long as short |
| QFEX AAPL-USD | +0.0059% | 1h | 338.67 | +0.018% | $3.2M | $5.0M | 10x | as long as short |
| BloFin AAPL-USDT | +0.0062% | 8h | 338.81 | +0.059% | $346K | $169K | 20x | as long as short |
| Extended AAPL_24_5-USD | +0.0072% | 1h | 338.59 | −0.007% | $284K | $2.0M | 10x | as long as short |
| Binance AAPLUSDT | +0.0074% | 8h | 338.67 | +0.018% | $22.2M | $66.8M | 25x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.63 | +0.006% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.48 | −0.038% | $945K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.59 | −0.006% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.62 | +0.002% | $10K | — | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0184% | 1h | 338.51 | −0.030% | $655K | $668K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.04 | +0.127% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0330% | 1h | 338.81 | +0.059% | $5K | $11K | 20x | as long as short |
| Arcus AAPL-USDshort | +0.0406% | 1h | 338.64 | +0.009% | $269K | $70K | 20x |
HTX AAPL-USDT
Phemex AAPLUSDT
Lighter AAPL
Lighter RH AAPL
Hotstuff AAPL-PERP
Variational Omni AAPL
Vest AAPL-USD-PERP
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
QFEX AAPL-USD
BloFin AAPL-USDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP
Phoenix AAPL