Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h +0.001%

Price spread now: Arcus against Orderly+0.021%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Arcus is 0.021% dearer against Orderly than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AAPL_USDC_mythos	339.48	0.0100	pay 0.0100% / 8h	1h 25m	$4K	—	10x
Short	Arcus AAPL-USD	339.55	0.0040	get 0.0005% / 1h	25m 05s	$267K	$60K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Orderly. 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 OrderlybpFee ArcusbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$12.54
Price spread: +0.021% → 0.000%: $2.06
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$20.98
Costs to cover: 0.105%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Arcus: live order book, 18 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Arcus live order book, 18 min ago	2.65 bp	9.8 bp −$10	12.7 bp −$127	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0797%	4h	339.60	+0.037%	$81K	$326K	20x	as long as short
Nado AAPL-PERP	−0.0060%	1h	339.43	−0.014%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.60	+0.034%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.48	0.000%	$285K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.57	+0.027%	$22.1M	$67.7M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.60	+0.035%	$7.1M	$117.0M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.61	+0.038%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.41	−0.021%	$3.0M	$5.1M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.63	+0.044%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.65	+0.052%	$2.4M	$1.4M	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	339.72	+0.072%	$16K	$402K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.59	+0.032%	$710	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.41	−0.021%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.71	+0.068%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.70	+0.065%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0002%	8h	339.59	+0.032%	$342K	$168K	20x	as long as short
Hotstuff AAPL-PERP	+0.0008%	1h	339.55	+0.021%	$36K	—	20x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.56	+0.024%	$3.3M	$4.3M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.55	+0.021%	$660K	$668K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.45	−0.007%	$910K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.46	−0.006%	$944K	$3.6M	20x	as long as short
Arcus AAPL-USDshort	+0.0040%	1h	339.55	+0.021%	$267K	$60K	20x
Vest AAPL-USD-PERP	+0.0046%	1h	339.44	−0.012%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.49	+0.003%	$40.6M	$76.5M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.54	+0.018%	$279K	$419K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.56	+0.024%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.37	−0.032%	$1.3M	$2.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.32	−0.047%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.49	+0.003%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythoslong	+0.0100%	8h	339.48	long leg	$4K	—	10x
Aevo AAPL-PERP	+0.0104%	1h	339.51	+0.010%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.72	+0.071%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.41	−0.021%	$191K	$44K	30x	as long as short