Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1110%/8h= −121.6% APRpaid last 24h −0.187%

Price spread now: edgeX against Arcus+0.006%7-day average +0.038% · 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−$42as in the Price arb table

costs, in and out, $10k−$390.393% of the position

Long on Arcus Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.579%−$58 on $10k

Price spread, last 3 days (all we have)+0.055%+$5 · spread now +0.006%, 7d avg +0.038%

Together, before fees−0.524%+ Points / potential airdropedgeX: Active · farm board−$52 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and edgeX is 0.032% cheaper against Arcus than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.038%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAPL-USD	338.63	0.0406	pay 0.0051% / 1h	0m 47s	$269K	$70K	20x
Short	edgeX AAPLUSDC	338.65	−0.0705	pay 0.0352% / 4h	3h 00m	$81K	$327K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$233.14
Price spread: +0.006% → +0.038%: −$3.17
Slippage, 4 orders: −$25.8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$275.61
Costs to cover: 0.393%
Break-even: never at this rate

Slippage from Arcus: live order book, 8 min ago; edgeX: live order book, 7 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, 8 min ago	1.92 bp	9.5 bp −$9	13.7 bp −$137	doesn't fit	doesn't fit
Sell edgeX live order book, 7 min ago	5.32 bp	10.5 bp −$10	17.5 bp −$175	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 AAPLUSDCshort	−0.0705%	4h	338.65	+0.006%	$81K	$327K	20x
Nado AAPL-PERP	−0.0035%	1h	338.57	−0.017%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.71	+0.024%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.75	+0.035%	$6.0M	$39.4M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.75	+0.035%	$6.4M	$6.6M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.51	−0.035%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.79	+0.047%	$6.2M	$3.4M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.66	+0.009%	$17K	$433K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.74	+0.032%	$769	$4.7M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	338.78	+0.044%	$53K	$225K	30x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AAPLUSDT	0.0000%	4h	338.73	+0.030%	$2.1M	$6K	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.58	−0.014%	$744K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.61	−0.006%	$954K	$3.6M	20x	as long as short
Variational Omni AAPL	+0.0044%	8h	338.74	+0.031%	$2.4M	$1.4M	—	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0045%	1h	338.64	+0.003%	$28K	$67K	10x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.45	−0.053%	—	$45K	25x	as long as short
Hotstuff AAPL-PERP	+0.0048%	1h	338.64	+0.003%	$36K	—	20x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.64	+0.003%	$40.8M	$75.8M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.44	−0.056%	$261K	$397K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.64	+0.003%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.42	−0.062%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	338.64	+0.003%	$3.2M	$5.0M	10x	as long as short
BloFin AAPL-USDT	+0.0062%	8h	338.81	+0.053%	$346K	$169K	20x	as long as short
Extended AAPL_24_5-USD	+0.0072%	1h	338.63	0.000%	$284K	$2.0M	10x	as long as short
Binance AAPLUSDT	+0.0074%	8h	338.72	+0.027%	$22.2M	$66.8M	25x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.63	0.000%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.48	−0.044%	$945K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.59	−0.012%	$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	−0.035%	$655K	$668K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.04	+0.121%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	338.81	+0.053%	$5K	$11K	20x	as long as short
Arcus AAPL-USDlong	+0.0406%	1h	338.63	long leg	$269K	$70K	20x