AAPL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0347%/8h= −38.0% APRnext payment −$0.43 per $10,000 · paid last 24h −0.020%

Price spread now: QFEX against Arcus−0.003%7-day average +0.035% · 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−$34as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on Arcus Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.066%−$7 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.003%, 7d avg +0.035%

Together, before fees−0.022%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and QFEX is 0.038% cheaper against Arcus than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.035%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.066% in total (about -7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.43 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	Arcus AAPL-USD	338.62	0.0406	pay 0.0051% / 1h	2m 30s	$269K	$70K	20x
Short	QFEX AAPL-USD	338.61	0.0059	get 0.0007% / 1h	2m 30s	$3.2M	$5.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$72.81
Price spread: −0.003% → +0.035%: −$3.76
Slippage, 4 orders: −$15.88
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$106.95
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from Arcus: live order book, 6 min ago; QFEX: live order book, 6 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, 6 min ago	1.92 bp	9.5 bp −$9	13.7 bp −$137	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.03 bp	6.0 bp −$6	7.9 bp −$79	13.0 bp −$1,303	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	−0.0342%	4h	338.60	−0.005%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0035%	1h	338.55	−0.022%	$554K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.66	+0.011%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.75	+0.038%	$6.0M	$39.4M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.71	+0.027%	$6.4M	$6.6M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.50	−0.035%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.79	+0.050%	$6.2M	$3.4M	100x	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.66	+0.012%	$17K	$433K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	338.71	+0.027%	$749	$4.7M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.48	−0.041%	$28K	$67K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AAPL-USDT	0.0000%	8h	338.76	+0.041%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.73	+0.032%	$2.1M	$7K	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.51	−0.033%	$744K	$2.3M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.57	−0.015%	$953K	$3.6M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.44	−0.053%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.59	−0.009%	$40.8M	$75.8M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.42	−0.059%	$261K	$397K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.62	0.000%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.42	−0.059%	$1.4M	$2.4M	20x	as long as short
Variational Omni AAPL	+0.0051%	8h	338.68	+0.016%	$2.4M	$1.4M	—	as long as short
QFEX AAPL-USDshort	+0.0059%	1h	338.61	−0.003%	$3.2M	$5.0M	10x
BloFin AAPL-USDT	+0.0065%	8h	338.81	+0.056%	$345K	$169K	20x	as long as short
Extended AAPL_24_5-USD	+0.0072%	1h	338.65	+0.008%	$284K	$2.0M	10x	as long as short
Hotstuff AAPL-PERP	+0.0072%	1h	338.65	+0.009%	$36K	—	20x	as long as short
Binance AAPLUSDT	+0.0075%	8h	338.71	+0.027%	$22.2M	$66.7M	25x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.62	0.000%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.56	−0.018%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.57	−0.015%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.54	−0.022%	$10K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	338.51	−0.032%	$655K	$668K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.50	−0.035%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	338.72	+0.030%	$5K	$11K	20x	as long as short
Arcus AAPL-USDlong	+0.0406%	1h	338.62	long leg	$269K	$70K	20x