Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.031%

Price spread now: Arcus against HTX−0.047%7-day average −0.069% · 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−$35as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on HTX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.084%+$8 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.047%, 7d avg −0.069%

Together, before fees+0.144%+$14 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 0.022% dearer against HTX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAPL-USDT	339.79	0	get 0.0000% / 8h	1h 00m	$62K	$245K	30x
Short	Arcus AAPL-USD	339.63	0.0040	get 0.0005% / 1h	0m 26s	$267K	$60K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against HTX. 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 HTXbpFee ArcusbpOrdersPrice spread, now −0.047%Rate

Funding earned: $8.46
Price spread: −0.047% → −0.069%: $2.18
Slippage, 4 orders: −$20.37
Fee HTX: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$26.23
Costs to cover: 0.369%
Break-even: 28.7 days

Slippage from HTX: live order book, 41 min ago; Arcus: live order book, 43 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 HTX live order book, 41 min ago	2.80 bp	8.8 bp −$9	10.0 bp −$100	doesn't fit	doesn't fit
Sell Arcus live order book, 43 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	−0.0636%	4h	339.69	−0.028%	$81K	$328K	20x	as long as short
Nado AAPL-PERP	−0.0049%	1h	339.55	−0.069%	$555K	$37K	20x	as long as short
Hotstuff AAPL-PERP	−0.0008%	1h	339.67	−0.035%	$36K	—	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.61	−0.054%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.63	−0.048%	$286K	$1.9M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.73	−0.018%	$22.1M	$67.5M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.76	−0.009%	$6.0M	$128.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.70	−0.026%	$6.3M	$7.0M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.51	−0.082%	$3.0M	$5.3M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.72	−0.021%	$6.2M	$3.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.75	−0.010%	$2.4M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.71	−0.023%	$16K	$402K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.74	−0.015%	$537	$4.5M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.53	−0.077%	$28K	$69K	10x	as long as short
HTX AAPL-USDTlong	0.0000%	8h	339.79	long leg	$62K	$245K	30x
Phemex AAPLUSDT	0.0000%	4h	339.74	−0.015%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0023%	8h	339.76	−0.009%	$342K	$168K	20x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.66	−0.038%	$3.3M	$4.3M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.55	−0.071%	$660K	$662K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.63	−0.046%	$945K	$2.7M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.63	−0.047%	$949K	$3.6M	20x	as long as short
Arcus AAPL-USDshort	+0.0040%	1h	339.63	−0.047%	$267K	$60K	20x
Vest AAPL-USD-PERP	+0.0046%	1h	339.47	−0.094%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.62	−0.050%	$279K	$424K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.67	−0.035%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.49	−0.088%	$1.3M	$2.4M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0084%	1h	339.65	−0.041%	$40.6M	$76.2M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.50	−0.085%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.51	−0.082%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.59	−0.059%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.63	−0.047%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.86	+0.021%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.48	−0.091%	$191K	$44K	30x	as long as short