Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Phemex against ApeX Omni+0.097%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1031.033% of the position

Long on ApeX Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.209%−$21 on $10k

Price spread, last 3 days (all we have)−0.037%−$4 · spread now +0.097%, 7d avg +0.063%

Together, before fees−0.246%−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.034% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.097% now, against its 7-day average of +0.063%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AAPLUSDT	338.97	0.0100	pay 0.0013% / 1h	57m 34s	$947K	$11.0M	50x
Short	Phemex AAPLUSDT	339.30	0	get 0.0000% / 4h	1h 57m	$2.1M	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against ApeX Omni. 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 ApeX OmnibpFee PhemexbpOrdersPrice spread, now +0.097%Rate

Funding earned: −$21
Price spread: +0.097% → +0.063%: $3.39
Slippage, 4 orders: −$81.31
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$120.92
Costs to cover: 1.033%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 2 min ago; Phemex: live order book, 6 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 ApeX Omni live order book, 2 min ago	2.07 bp	7.1 bp −$7	9.2 bp −$92	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	2.51 bp	48.9 bp −$49	doesn't fit	doesn't fit	doesn't fit

AAPL on 32 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	−0.0534%	4h	339.19	+0.066%	$81K	$328K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0133%	1h	338.91	−0.018%	$28K	$67K	10x	as long as short
Nado AAPL-PERP	−0.0082%	1h	339.09	+0.035%	$555K	$38K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.10	+0.038%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.20	+0.068%	$6.0M	$39.1M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.13	+0.047%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.94	−0.009%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.25	+0.083%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.24	+0.078%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.08	+0.034%	$17K	$433K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AAPL-USDT	0.0000%	8h	339.17	+0.059%	$471	$4.7M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.31	+0.100%	$53K	$224K	30x	as long as short
Phemex AAPLUSDTshort	0.0000%	4h	339.30	+0.097%	$2.1M	$6K	10x
Binance AAPLUSDT	+0.0013%	8h	339.20	+0.068%	$22.3M	$67.0M	25x	as long as short
QFEX AAPL-USD	+0.0013%	1h	339.13	+0.047%	$3.2M	$4.9M	10x	as long as short
Extended AAPL_24_5-USD	+0.0016%	1h	339.12	+0.045%	$288K	$2.0M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.04	+0.021%	$756K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.11	+0.041%	$950K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.07	+0.030%	$270K	$70K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.00	+0.009%	—	$45K	25x	as long as short
Hotstuff AAPL-PERP	+0.0048%	1h	339.00	+0.009%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	338.98	+0.003%	$656K	$671K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.10	+0.038%	$40.7M	$75.8M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.90	−0.021%	$262K	$396K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.10	+0.038%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.94	−0.009%	$1.4M	$2.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.12	+0.044%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDTlong	+0.0100%	1h	338.97	long leg	$947K	$11.0M	50x
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.11	+0.041%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.05	+0.023%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.02	+0.015%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.33	+0.106%	$5K	$11K	20x	as long as short