Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h −0.006%

Price spread now: BloFin against Arcus+0.050%7-day average +0.055% · 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−$32as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on Arcus Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.028%+$3 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.050%, 7d avg +0.055%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.055%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAPL-USD	339.66	0.0040	pay 0.0005% / 1h	4m 39s	$267K	$60K	20x
Short	BloFin AAPL-USDT	339.83	−0.0025	pay 0.0025% / 8h	2h 04m	$339K	$168K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Arcus. 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 ArcusbpFee BloFinbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$13.69
Price spread: +0.050% → +0.055%: −$0.54
Slippage, 4 orders: −$15.22
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$45.95
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from Arcus: live order book, 44 min ago; BloFin: 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 Arcus live order book, 44 min ago	3.98 bp	8.6 bp −$9	14.2 bp −$142	doesn't fit	doesn't fit
Sell BloFin live order book, 20 min ago	0.15 bp	6.2 bp −$6	7.9 bp −$79	22.2 bp −$2,222	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	−0.0678%	4h	339.79	+0.037%	$81K	$327K	20x	as long as short
Hotstuff AAPL-PERP	−0.0128%	1h	339.71	+0.015%	$36K	—	20x	as long as short
Nado AAPL-PERP	−0.0113%	1h	339.72	+0.017%	$556K	$38K	20x	as long as short
BloFin AAPL-USDTshort	−0.0025%	8h	339.83	+0.050%	$339K	$168K	20x
Aster AAPLUSDT	0.0000%	8h	339.68	+0.005%	$121K	$293K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.74	+0.024%	$288K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.83	+0.050%	$22.1M	$67.7M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.83	+0.050%	$5.8M	$97.0M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.81	+0.044%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.57	−0.026%	$3.0M	$4.9M	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	339.90	+0.071%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.86	+0.057%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.79	+0.039%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.82	+0.047%	$734	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.70	+0.012%	$28K	$68K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.94	+0.082%	$62K	$244K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.86	+0.059%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0020%	1h	339.75	+0.026%	$3.3M	$4.4M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.73	+0.022%	$911K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.75	+0.026%	$945K	$3.7M	20x	as long as short
Arcus AAPL-USDlong	+0.0040%	1h	339.66	long leg	$267K	$60K	20x
Vest AAPL-USD-PERP	+0.0046%	1h	339.56	−0.029%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	339.55	−0.032%	$660K	$661K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.72	+0.018%	$40.6M	$76.6M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.68	+0.006%	$282K	$415K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.75	+0.026%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.58	−0.024%	$1.3M	$2.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.55	−0.032%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.62	−0.012%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.68	+0.006%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.69	+0.009%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.87	+0.062%	$5K	$11K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.59	−0.021%	$191K	$44K	30x	as long as short