Settings8H · net · $10k
Funding arb · Price arb /

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0179%/8h= +19.6% APRnext payment +$0.22 per $10,000 · paid last 24h −0.017%
Price spread now: Phoenix against Aevo+0.047%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.047% dearer against Aevo than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo AAPL-PERP338.940.0104pay 0.0013% / 1h25m 11s$11K10x
ShortPhoenix AAPL339.100.0283get 0.0035% / 1h25m 11s$2K$12K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against Aevo. 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

Funding earned
$37.63
Price spread: +0.047% → 0.000%
$4.7
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$19.32
Costs to cover
0.230%
Break-even
3.4 days
Slippage unknown: Aevo: no order-book sample; Phoenix: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell Phoenix no order-book sample
Aevo and Phoenix: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX AAPLUSDC−0.0552%4h339.00+0.018%$81K$325K20xas long as short
Aster AAPLUSDT0.0000%8h338.77−0.050%$122K$291K20xas long as short
Extended AAPL_24_5-USD0.0000%1h338.97+0.009%$284K$1.5M10xas long as short
Binance AAPLUSDT0.0000%8h339.00+0.017%$22.1M$66.7M25xas long as short
Bybit AAPLUSDT0.0000%8h339.03+0.026%$6.3M$24.9M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h338.91−0.009%$6.6M$6.8M25xas long as short
Gate AAPL_USDT0.0000%8h338.80−0.042%$3.0M$4.1M100xas long as short
Bitget AAPLUSDT0.0000%8h339.06+0.035%$6.2M$3.3M100xas long as short
Variational Omni AAPL0.0000%8h339.01+0.022%$2.2M$1.1Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h338.99+0.013%$14K$522K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX AAPL-USDT0.0000%8h339.00+0.017%$827$4.8M20xas long as short
HTX AAPL-USDT0.0000%8h339.05+0.032%$53K$224K30xas long as short
Phemex AAPLUSDT0.0000%4h339.06+0.035%$2.1M$7K10xas long as short
BloFin AAPL-USDT+0.0022%8h339.00+0.017%$354K$165K20xas long as short
Lighter AAPL+0.0032%1h338.940.000%$762K$2.5M20xas long as short
Lighter RH AAPL+0.0032%1h338.99+0.014%$980K$3.8M20xas long as short
Vest AAPL-USD-PERP+0.0046%1h338.72−0.065%$43K25xas long as short
QFEX AAPL-USD+0.0049%1h338.92−0.006%$3.2M$4.9M10xas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.68−0.077%$271K$384K10xas long as short
SoDEX AAPL-USD+0.0050%1h338.99+0.014%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.78−0.047%$1.3M$2.2M20xas long as short
Nado AAPL-PERP+0.0076%1h338.77−0.050%$556K$34K20xas long as short
KuCoin AAPLUSDTM+0.0100%8h338.77−0.050%$1.4M$28K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h338.72−0.065%$946K$10.9M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h338.90−0.012%$4K10xas long as short
Hotstuff AAPL-PERP+0.0104%1h338.98+0.012%$36K20xas long as short
Aevo AAPL-PERPlong+0.0104%1h338.94long leg$11K10x
Coinbase International AAPL-PERP-INTX+0.0144%1h338.96+0.006%$658K$671K10xas long as short
tradeXYZ xyz:AAPL+0.0205%1h338.99+0.014%$40.7M$76.7M20xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.41+0.138%$191K$44K30xas long as short
Deribit AAPL_USDC-PERPETUAL+0.0252%1h339.01+0.020%$28K$65K10xas long as short
Phoenix AAPLshort+0.0283%1h339.10+0.047%$2K$12K20x
Arcus AAPL-USD+0.0310%1h338.95+0.003%$270K$69K20xas long as short