Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.018%

Price spread now: Arcus against Binance−0.029%7-day average −0.057% · 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−$28as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on Binance Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.071%+$7 on $10k

Price spread, last 4 days (all we have)−0.246%−$25 · spread now −0.029%, 7d avg −0.057%

Together, before fees−0.175%−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.028% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAPLUSDT	339.64	0	get 0.0000% / 8h	52m 30s	$22.1M	$67.5M	25x
Short	Arcus AAPL-USD	339.54	0.0040	get 0.0005% / 1h	52m 30s	$267K	$60K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Binance. 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 BinancebpFee ArcusbpOrdersPrice spread, now −0.029%Rate

Funding earned: $8.46
Price spread: −0.029% → −0.057%: $2.75
Slippage, 4 orders: −$15.82
Fee Binance: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$19.11
Costs to cover: 0.303%
Break-even: 22.8 days

Slippage from Binance: live order book, 5 min ago; Arcus: live order book, 51 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 Binance live order book, 5 min ago	0.15 bp	5.8 bp −$6	8.5 bp −$85	30.6 bp −$3,060	doesn't fit
Sell Arcus live order book, 51 min ago	2.65 bp	9.8 bp −$10	12.7 bp −$127	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	−0.0147%	4h	339.54	−0.030%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0115%	1h	339.54	−0.030%	$555K	$37K	20x	as long as short
BloFin AAPL-USDT	−0.0021%	8h	339.66	+0.006%	$343K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.59	−0.014%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.55	−0.026%	$286K	$2.0M	10x	as long as short
Binance AAPLUSDTlong	0.0000%	8h	339.64	long leg	$22.1M	$67.5M	25x
Bybit AAPLUSDT	0.0000%	8h	339.61	−0.009%	$6.2M	$130.8M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.65	+0.003%	$6.3M	$6.9M	25x	as long as short
Hotstuff AAPL-PERP	0.0000%	1h	339.55	−0.026%	$36K	—	20x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.37	−0.079%	$3.0M	$5.3M	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	339.62	−0.006%	$6.2M	$3.6M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.60	−0.013%	$2.4M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.64	0.000%	$16K	$402K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.66	+0.006%	$907	$4.5M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.47	−0.050%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.79	+0.044%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.69	+0.015%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0027%	1h	339.58	−0.018%	$3.3M	$4.2M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.58	−0.018%	$941K	$2.7M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.56	−0.024%	$949K	$3.5M	20x	as long as short
Arcus AAPL-USDshort	+0.0040%	1h	339.54	−0.029%	$267K	$60K	20x
Vest AAPL-USD-PERP	+0.0046%	1h	339.46	−0.053%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.57	−0.021%	$40.6M	$76.2M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.52	−0.035%	$279K	$424K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.59	−0.015%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.43	−0.062%	$1.3M	$2.4M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0064%	1h	339.55	−0.026%	$660K	$661K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.43	−0.062%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.47	−0.050%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.52	−0.035%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.49	−0.043%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.38	−0.077%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	339.73	+0.026%	$5K	$12K	20x	as long as short