Funding you earn now, next payment 06:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h −0.024%
Price spread now: tradeXYZ against Arcus+0.044%52s7-day average −0.034% · 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—prices read too far apart to compare
costs, in and out, $10k−$390.388% of the position
Funding, last 4 days (all we have)−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.044%, 7d avg −0.034%
=Together, before fees−0.054%+ Points / potential airdroptradeXYZ: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and tradeXYZ is 0.078% dearer against Arcus than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.034%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus AAPL-USD | 339.63 | 0.0040 | pay 0.0005% / 1h | 8m 53s | $267K | $60K | 20x |
| Short | tradeXYZ xyz:AAPL | 339.78 | 0.0050 | get 0.0006% / 1h | 8m 53s | $40.6M | $76.6M | 20x |
Arcus AAPL-USD
tradeXYZ xyz:AAPLFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Arcus. 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
- $2.04
- Price spread: +0.044% → −0.034%
- $7.79
- Slippage, 4 orders
- −$16.25
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$28.92
- Costs to cover
- 0.388%
- Break-even
- 106.2 days
Slippage from Arcus: live order book, 39 min ago; tradeXYZ: live order book, 11 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, 39 min ago | 3.98 bp | 8.6 bp −$9 | 14.2 bp −$142 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 11 min ago | 0.44 bp | 9.9 bp −$10 | 11.7 bp −$117 | 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 | −0.0800% | 4h | 339.77 | +0.041% | $81K | $326K | 20x | as long as short |
| Nado AAPL-PERP | −0.0118% | 1h | 339.72 | +0.027% | $556K | $38K | 20x | as long as short |
| BloFin AAPL-USDT | −0.0012% | 8h | 339.81 | +0.053% | $339K | $168K | 20x | as long as short |
| Hotstuff AAPL-PERP | −0.0008% | 1h | 339.72 | +0.026% | $36K | — | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.74 | +0.032% | $121K | $293K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.75 | +0.036% | $288K | $1.8M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.85 | +0.065% | $22.1M | $67.6M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.86 | +0.068% | $7.0M | $94.4M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.84 | +0.062% | $6.3M | $6.9M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.61 | −0.006% | $3.0M | $4.8M | 100x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
BloFin AAPL-USDT
Hotstuff AAPL-PERP
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AAPLUSDT | 0.0000% | 8h | 339.86 | +0.068% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.85 | +0.063% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.80 | +0.049% | $16K | $411K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.83 | +0.059% | $523 | $4.6M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.93 | +0.088% | $62K | $244K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.80 | +0.050% | $2.1M | $7K | 10x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | +0.0015% | 1h | 339.74 | +0.032% | $28K | $68K | 10x | as long as short |
| QFEX AAPL-USD | +0.0020% | 1h | 339.74 | +0.032% | $3.3M | $4.4M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.72 | +0.026% | $911K | $2.6M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.72 | +0.026% | $946K | $3.7M | 20x | as long as short |
| Arcus AAPL-USDlong | +0.0040% | 1h | 339.63 | long leg | $267K | $60K | 20x | |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.60 | −0.009% | — | $45K | 25x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0048% | 1h | 339.55 | −0.024% | $660K | $662K | 10x | as long as short |
| tradeXYZ xyz:AAPLshort | +0.0050% | 1h | 339.78 | +0.044% | $40.6M | $76.6M | 20x | |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.68 | +0.015% | $282K | $415K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.75 | +0.035% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.58 | −0.015% | $1.3M | $2.4M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0098% | 8h | 339.59 | −0.012% | $1.4M | $39K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.68 | +0.015% | $949K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.70 | +0.021% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.70 | +0.020% | $11K | $102 | 10x | as long as short |
| Phoenix AAPL | +0.0212% | 1h | 339.84 | +0.062% | $5K | $11K | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.56 | −0.021% | $191K | $44K | 30x | as long as short |
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
Deribit AAPL_USDC-PERPETUAL
QFEX AAPL-USD
Lighter AAPL
Lighter RH AAPL
Vest AAPL-USD-PERP
Coinbase International AAPL-PERP-INTX
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Phoenix AAPL
Injective AAPL/USDC PERP