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

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0241%/8h= +26.4% APRpaid last 24h +0.020%
Price spread now: Phoenix against Bitget−0.006%7-day average · you buy dearer than you sell
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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget AAPLUSDT339.050.0089pay 0.0089% / 8h3m 20s$6.2M$3.5M100x
ShortPhoenix AAPL339.030.0330get 0.0041% / 1h3m 20s$5K$8K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against Bitget. 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
$50.66
Price spread: −0.006% → 0.000%
−$0.59
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$31.07
Costs to cover
0.190%
Break-even
2.7 days
Slippage unknown: Bitget: live order book, 5 min ago; 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 Bitget live order book, 5 min ago0.15 bp7.7 bp −$812.3 bp −$12346.5 bp −$4,647doesn't fit
Sell Phoenix no order-book sample
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−0.0925%4h339.03−0.007%$81K$326K20xas long as short
Aster AAPLUSDT0.0000%8h338.99−0.018%$122K$291K20xas long as short
Bybit AAPLUSDT0.0000%8h339.06+0.003%$6.0M$39.2M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.03−0.006%$6.5M$6.8M25xas long as short
Gate AAPL_USDT0.0000%8h338.83−0.065%$3.0M$4.2M100xas long as short
SunX AAPL-USDT0.0000%8h339.03−0.006%$471$4.8M20xas long as short
Deribit AAPL_USDC-PERPETUAL0.0000%1h338.77−0.083%$28K$66K10xas long as short
HTX AAPL-USDT0.0000%8h339.13+0.024%$53K$224K30xas long as short
Phemex AAPLUSDT0.0000%4h339.03−0.006%$2.1M$6K10xas long as short
GRVT AAPL_USDT_Perp+0.0025%8h339.050.000%$13K$490K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH AAPL+0.0032%1h338.94−0.032%$965K$3.8M20xas long as short
Vest AAPL-USD-PERP+0.0046%1h338.74−0.091%$53K25xas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.87−0.053%$265K$394K10xas long as short
SoDEX AAPL-USD+0.0050%1h338.94−0.032%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.70−0.103%$1.4M$2.4M20xas long as short
Lighter AAPL+0.0056%1h338.91−0.040%$772K$2.5M20xas long as short
QFEX AAPL-USD+0.0064%1h339.00−0.015%$3.2M$5.1M10xas long as short
Bitget AAPLUSDTlong+0.0089%8h339.05long leg$6.2M$3.5M100x
KuCoin AAPLUSDTM+0.0100%8h338.83−0.065%$1.4M$27K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h338.80−0.074%$946K$10.9M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h338.87−0.053%$4K10xas long as short
Nado AAPL-PERP+0.0101%1h338.81−0.070%$556K$36K20xas long as short
Aevo AAPL-PERP+0.0104%1h338.99−0.018%$11K10xas long as short
Variational Omni AAPL+0.0105%8h339.04−0.004%$2.4M$1.4Mas long as short
Binance AAPLUSDT+0.0127%8h339.04−0.003%$22.4M$67.0M25xas long as short
Extended AAPL_24_5-USD+0.0128%1h338.98−0.021%$285K$1.5M10xas long as short
BloFin AAPL-USDT+0.0134%8h339.02−0.009%$347K$170K20xas long as short
Hotstuff AAPL-PERP+0.0136%1h338.95−0.029%$36K20xas long as short
tradeXYZ xyz:AAPL+0.0175%1h338.94−0.032%$40.8M$76.1M20xas long as short
Coinbase International AAPL-PERP-INTX+0.0192%1h339.03−0.006%$660K$676K10xas long as short
Injective AAPL/USDC PERP+0.0220%1h338.80−0.074%$191K$44K30xas long as short
Phoenix AAPLshort+0.0330%1h339.03−0.006%$5K$8K20x
Arcus AAPL-USD+0.0397%1h338.87−0.053%$269K$70K20xas long as short